New Murdoch Network Could Challenge ESPN
Date: 24 February 2004
By Richard Sandomir
Richard Sandomir
Richard Sandomir TV Sports column discusses News Corp head Rupert Murdoch's plans to create new sports network to rival ESPN; Murdoch is reportedly in talks with NFL; photo (M)
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Jeter Says the Rodriguez Issue Is Resolved
Date: 24 February 2004
By Jack Curry
Jack Curry
New York Yankees shortstop Derek Jeter tells reporters that he and third baseman Alex Rodriguez, who had falling out in 2001 after being close friends, have resolved all issues between them; photo (M)
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DELPHI TO EXPAND PRODUCTION OF ELECTRONICS IN CHINA
Date: 24 February 2004
By Bloomberg News
Bloomberg News
Auto parts maker Delphi Corp will invest $40.5 million to increase production of electronics components in China; will build two 100,000-square-foot factories in Suzhou, China, to make circuit boards; plants should be completed by end of September and may 1,200 workers by 2008; will replace plant in Suzhou, which employs 325 workers (S)
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COACH RAISES PROFIT FORECAST ON STRONG SALES
Date: 24 February 2004
By Bloomberg News
Bloomberg News
Coach Inc will have fiscal second-half earnings of least 52 cents per share; profits in third and fourth quarters will rise from total of 33 cents per share year earlier; third quarter ends March 27 (S)
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VERTEX SAYS CANCER DRUG REDUCES GROWTH OF TUMORS
Date: 24 February 2004
By Bloomberg News
Bloomberg News
Vertex Pharmaceuticals Inc says experimental drug VX-680 reduces growth of pancreatic and colon tumors in animal studies; files with Food and Drug Administration to begin first phase of clinical tests (S)
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PHARMION DRUG TO GET PRIORITY REVIEW FROM REGULATORS
Date: 24 February 2004
By Bloomberg News
Bloomberg News
Pharmion Corp says Food and Drug Administration has granted priority review to Vidaza, company's drug for treating cancerlike bone marrow disorder; FDA will decide by June 29 whether to approve treatment (S)
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DOMINION RESOURCES TAKES $44 MILLION WRITE-DOWN
Date: 24 February 2004
By Bloomberg News
Bloomberg News
Dominion Resources Inc records $44 million in fourth-quarter costs to write down value of its stake in Epic Energy; costs will widen quarter net loss to $174 million from previously reported loss of $130 million (S)
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Price Is Set for Erbitux
Date: 24 February 2004
By Bloomberg News
Bloomberg News
ImClone Systems Inc says its Erbitux colon-cancer treatment, which may reach patients as soon as Feb 25, will cost about $10,000 per month; ImClone and partner Bristol-Myers Squibb Co will begin shipping drug Feb 24; drug will cost $2,400 per dose (S)
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Morgan Stanley Hires Financial Chief
Date: 24 February 2004
By Bloomberg News
Bloomberg News
Morgan Stanley hires David Sidwell from J P Morgan Chase & Co to be chief financial officer, succeeding Stephen S Crawford, who is promoted to chief administrative officer (S)
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Technology Briefing | E-Commerce: Sales Rise 25% To Record
Date: 24 February 2004
By Bloomberg News
Bloomberg News
Commerce Department reports American Internet purchases reached record $17.2 billion in fourth quarter; says online commerce rose 25 percent from year-earlier period, compared with 6.2 percent in total sales; says Internet purchases accounted for 1.9 percent of all retail sales, most since record keeping began in 1999, compared with 1.6 percent year ago; says Internet sales for 2003 rose 26 percent, to $54.9 billion (S)
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