STARBUCKS PLANS TO EXPAND BY 15,000 STORES IN THE U.S.
Date: 15 October 2004
By Bloomberg News
Bloomberg News
Starbucks Corp raises its goal for expansion in US by 50 percent, to 15,000 outlets, with plans for more stores in small towns, within other retailers and near its current urban sites; long-term plans call for 30,000 stores worldwide, including adding 1,500 in 2005 to reach 10,000 stores (S)
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WAL-MART THREATENS TO SHUT STORE WITH A UNION
Date: 14 October 2004
By Bloomberg News
Bloomberg News
Wal-Mart Stores raises stakes in fight over only unionized store in North America when it says it might shut outlet in Quebec unless workers propose contract company finds acceptable; says store has never made money and its sitution has gotten worse in recent months (S)
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CANADIAN REGULATOR BACKS COORS-MOLSON MERGER
Date: 14 October 2004
By Bloomberg News
Bloomberg News
Molson and Adolph Coors Co wins clearance from Competitive Bureau of Canada for their planned $3.4 billion merger (S)
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PIPER JAFFRAY TO SPIN OFF ITS VENTURE CAPITAL BUSINESS
Date: 14 October 2004
By Bloomberg News
Bloomberg News
Piper Jaffray Companies will spin off its venture capital business into new company to be called Sightline Partners; Buzz Benson will run new operation (S)
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JONES APPAREL SAYS EARNINGS OUTLOOK WEAKER
Date: 14 October 2004
By Bloomberg News
Bloomberg News
Jones Apparel Group says third- and fourth-quarter profit will fall short of expectations because of lower sales (S)
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MYLAN URGED TO DROP BID FOR KING PHARMACEUTICALS
Date: 14 October 2004
By Bloomberg News
Bloomberg News
UBS Global Asset Management and billionaire financier Carl C Icahn urge Mylan Laboratories, generic drug maker, to drop its proposed $4 billion purchase of King Pharmaceuticals; UBS Global says acquisition would dilute Mylan's earnings (S)
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PFIZER FAILS TO BLOCK SALES OF GENERIC EPILEPSY DRUG
Date: 14 October 2004
By Bloomberg News
Bloomberg News
Pfizer fails to get court order to block Alpharma from selling cheaper generic form of epilepsy treatment Neurontin; Federal Judge John C Lifland rules Alpharma may continue selling generic drug it launched Oct 8 (S)
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After the Recall, Merck Talks About a Successor to Vioxx
Date: 14 October 2004
By Bloomberg News
Bloomberg News
Merck & Co, which recalled its painkiller Vioxx because of link to heart disease, says short-term studies show planner successor drug Arcoxia to be safer; will present safety finding on Arcoxia next week at American College of Rheumatology's annual meeting; president Peter S Kim says company has substantial safety data on Arcoxia; photo (M)
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World Business Briefing | Europe: France: Profit At Food Company
Date: 15 October 2004
By Bloomberg News
Bloomberg News
World Business Briefing: France: Profit At Food Compÿ
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Gasoline Futures Climb as Hurricane Effects Linger
Date: 14 October 2004
By Bloomberg News
Bloomberg News
Gasoline futures surged, erasing earlier, decline, as concern lingers over record oil prices and low US supplies after Hurricane Ivan disrupted Gulf of Mexico petroleum operations last month; gasoline for November delivery is up 2.8 cents, or 2 percent, to $1.4083 per gallon, in New York trading; crude oil for November delivery rises $1.13, to $53.64 per barrel; November heating oil contract surges 4.46 cents, to $1.4991 per gallon, highest close since contract began trading in 1978 (M)
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Technology Briefing | Hardware: Unisys Posts 55% Drop In Profit
Date: 15 October 2004
By Bloomberg News
Bloomberg News
Unisys Corp's third-quarter profit dropped 55 percent; net income fell to $25.2 million from $56.2 million year earlier; sales slid 0.3 percent, to $1.45 billion (S)
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