BANK OF AMERICA SETTLES SUITS BY SHAREHOLDERS
Date: 09 February 2002
By Bloomberg News
Bloomberg News
Bank of America Corp agrees to pay $490 million to settle shareholder suits charging it hid $372 million loss from loan to D E Shaw & Co before combining with NationsBank Corp in 1998 (S)
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PHARMACIA STOPS TRIALS ON A CANCER DRUG
Date: 09 February 2002
By Bloomberg News
Bloomberg News
Pharmacia Corp ends clinical trials of colorectal cancer drug semaxanib under development by its Sugen Inc unit; says trial data show patients receiving drug along with chemotherapy showed no increased survival rate (S)
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HONEYWELL ORDERED TO PAY IN ASBESTOS SUIT
Date: 09 February 2002
By Bloomberg News
Bloomberg News
New York jury orders Honeywell International Inc and some three dozen other companies to pay Patricia Brown $53.5 million for failing to warn her late husband, Stephen, brake mechanic at company later acquired by Honeywell, about asbestos risks; Honeywell's share is in dispute, with company estimating it at about $1.06 million (S)
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NIKE SUES SEGA OVER CONCEPT OF MICHAEL JORDAN AD
Date: 09 February 2002
By Bloomberg News
Bloomberg News
Nike Inc sues charging Sega Corp copies sequence, theme, tone, characters, mood, pace, music and setting of its 1996 'Frozen Moment' advertisement to promote videogame (S)
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Billionaire Moves to Settle Suit Over Buyout
Date: 09 February 2002
By Bloomberg News
Bloomberg News
M&F Worldwide Corp, which is 39 percent-owned by Ronald O Perelman, offers to pay some stockholders $2.15 a share, or total of some $6 million, to settle suit charging M&F bought Perelman's Panavision stake for four times its market price to salvage his failed investment; two of plaintiffs say they will reject offer (S)
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Marbury Is Charged With Drunken Driving
Date: 09 February 2002
By Bloomberg News
Bloomberg News
Phoenix Suns guard Stephon Marbury is arrested and charged with drunken driving in Scottsdale, Ariz (M)
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World Business Briefing | Europe: Sweden: Electrolux In The Red
Date: 09 February 2002
By Bloomberg News
Bloomberg News
Electrolux posts fourth-quarter loss of 286 million kronor ($27 million), compared with year-earlier net income of 741 million kronor (S)
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NEWS SUMMARY
Date: 10 February 2002
Correction of picture caption with Times Magazine article on jewelry on Feb 10
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NEWS SUMMARY
Date: 09 February 2002
INTERNATIONAL A3-6 Arabs Kill Israeli Woman In Jerusalem Park A group of Arab youths stabbed a 24-year-old Israeli woman to death in the Forest of Peace, a park set between Jewish and Arab areas of the city. In northern Israel, at least two Palestinians died when their car exploded. The Israeli police said the men apparently blew themselves up accidentally on their way to an attack. A6 Britain-Iran Relations Fray Iran rejected Britain's choice of ambassador when hard-line Iranian newspapers accused him of being ''a Jew'' and a spy. Britain retaliated by downgrading the status of the Iranian envoy and placing relations with Tehran on a ''more critical'' basis. A4
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PRINCESS CRUISES BID COMES DOWN TO THE WIRE
Date: 09 February 2002
By Suzanne Kapner (NYT)
Suzanne NYT
P&O Princess Cruises rejects revised $5.3 billion hostile bid from Carnival Corp; continues to recommend shareholder approval of Royal Caribbean Cruises bid; Carnival says it has gotten indications from 20 percent of shareholders that they would be willing to adjourn meeting set to vote on Royal's bid (S)
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