The November 17, 2001 was a Saturday under the star sign of ♏. It was the 320 day of the year. President of the United States was George W. Bush.
If you were born on this day, you are 24 years old. Your last birthday was on the Monday, November 17, 2025, 232 days ago. Your next birthday is on Tuesday, November 17, 2026, in 132 days. You have lived for 8,998 days, or about 215,955 hours, or about 12,957,353 minutes, or about 777,441,180 seconds.
Date: 18 November 2001
By Fouad Ajami
Fouad Ajami
Fouad Ajami profiles Al Jazeera, Arabic-language satellite news station; notes that Al Jazeera, which claims global audience of 35 million Arabic-speaking viewers, may not officially be Osama bin Laden Channel, but that he is clearly its star; sees Bush administration trying to figure out how to combat incendiary news station; concludes that this is one war that can't be won; photos (L)
Date: 17 November 2001
By Bloomberg News
Bloomberg News
The Ford Motor Company agreed to settle two lawsuits that accused the company, the second-largest automaker, of discrimination in employee evaluations and sought class-action status, a lawyer said. The tentative settlement, reached Wednesday night, is contingent upon also resolving individual discrimination lawsuits against Ford, said James Fett, a lawyer in Pinckney, Mich., who represents clients in one of the lawsuits seeking class-action status and seven individual complaints. He declined to disclose terms of the settlement. Ford is based in Dearborn, Mich. loomberg News)
Date: 17 November 2001
By Bloomberg News
Bloomberg News
Profits in Krispy Kreme Doughnuts's fiscal third-quarter rose 68 percent as the company opened stores and consumers ate more doughnuts. Net income rose to $6.48 million, or 11 cents a share, in the quarter ended Oct. 28, from $3.85 million, or 7 cents, in the year-earlier period. Revenue rose 28 percent, to $99.8 million, the company said yesterday. Krispy Kreme added 10 stores in California, Pennsylvania and other states, bringing the total number of stores to 198 at the end of the quarter. Krispy Kreme's sales were not hurt by a decline in consumer spending as much as other retailers' were because comfort foods like doughnuts are appealing when the economy slows, analysts said. Krispy Kreme is based in Winston-Salem, N.C.
Date: 17 November 2001
By Bloomberg News
Bloomberg News
Shares of the Starbucks Corporation dropped after the company, the largest specialty-coffee retailer in the United States, lowered its annual revenue and profit estimates and reported slower sales to grocery stores and airlines. The shares fell $1.67, to $17.50. They had fallen 13 percent this year. Starbucks cut its fiscal 2002 sales-growth forecast to 20 percent and said earnings would be 54 cents to 55 cents a share, including a 2-cent gain related to the share sale by Starbucks Coffee Japan Ltd. last month.
Date: 17 November 2001
By Bloomberg News
Bloomberg News
The Bristol-Myers Squibb Company is cutting about 1,000 jobs, including 350 in New Jersey, and may announce more reductions as part of a drive to cut costs and eliminate overlapping operations. The cuts were from functions like the corporate staff and global business that recently went through a ''redesign process,'' Peggy Ballman, a spokeswoman, said yesterday. Bristol-Myers, the fifth-largest drug maker, employed about 44,000 in its continuing operations as of Dec. 31, according to a regulatory filing. Bristol-Myers is focusing more on pharmaceuticals under Peter Dolan, who became chief executive in May. Separately, the Procter & Gamble Company completed its $4.95 billion purchase of the Clairol hair-care business from Bristol-Myers. Procter & Gamble, maker of Pantene and Head & Shoulders shampoos, said it would decide how many jobs to eliminate and which factories to close in the next 90 days as it combines operations. Clairol, based in Stamford, Conn., has 4,000 employees. The acquisition adds $1.6 billion in annual sales through brands like such as Nice 'n Easy and Miss Clairol hair color and Herbal Essences shampoos. (Bloomberg News)
Date: 17 November 2001
By Bloomberg News
Bloomberg News
Merrill Lynch & Company said yesterday that more than 2,600 employees, or 3.9 percent of its work force, took the buyouts offered as part of the efforts of Stanley O'Neal, its president, to trim expenses and improve profitability at the company. Merrill, with 65,900 employees as of Sept. 30, earned $6,403 per employee in the third quarter, making it the least profitable of the five biggest Wall Street firms. This year Merrill is the top-ranked arranger of United States bond sales, the top seller of convertible bonds, the No. 2 underwriter of global stock sales and the No. 2 mergers adviser, according to Bloomberg data. Merrill will not say how many employees it hopes to cut. Most employees had until Nov. 9 to decide whether to accept the buyout offer. Departures were subject to approval by managers.
Date: 17 November 2001
By Bloomberg News
Bloomberg News
Porsche A.G. said that its net income rose 29 percent in the fiscal year ended July 31 as sales of its 911 Turbo and Boxster sports cars increased. Net income rose to 270.5 million euros ($239 million) in the year from 210 million euros a year earlier. Sales rose 22 percent to 4.44 billion euros ($3.92 billion). Porsche is increasing profit and sales, as are its competitors, Bayerische Motoren Werke A.G. and DaimlerChrysler A.G.'s Mercedes-Benz unit, even amid economic slowdowns in their biggest markets, the United States and Germany. The company's pretax profit margin was 12 percent in fiscal 2001, about the same as the year earlier. Porsche said it would pay a dividend of 2.54 euros a common share and 2.6 euros for each preferred share. Its shares closed up 0.8 percent at 393.30 euros.
Date: 17 November 2001
By Bloomberg News
Bloomberg News
GlaxoSmithKline PLC sues to block Endo Pharmaceutical Holdings Inc's plan to sell generic form of anti-depression drug Paxil (S)
Date: 17 November 2001
By Bloomberg News
Bloomberg News
The International Monetary Fund said today that it would not make rooting out terrorist financing a condition for loans to developing nations, a position that drew criticism from a former State Department official. The fund, laying out a new approach to money-laundering surveillance that focuses on terrorism, said it was reluctant to cross the line between encouraging and requiring a crackdown as a condition for supporting ailing economies.
Date: 17 November 2001
By Bloomberg News
Bloomberg News
Walter Hewlett files with Securities and Exchange Commission to lobby Hewlett-Packard Co shareholders to fight plan to acquire Compaq Computer Corp; photo (M)