The February 26, 2003 was a Wednesday under the star sign of ♓. It was the 56 day of the year. President of the United States was George W. Bush.
If you were born on this day, you are 23 years old. Your last birthday was on the Thursday, February 26, 2026, 115 days ago. Your next birthday is on Friday, February 26, 2027, in 249 days. You have lived for 8,516 days, or about 204,390 hours, or about 12,263,452 minutes, or about 735,807,120 seconds.
Date: 26 February 2003
By Bill Carter
Bill Carter
MSNBC cancels Phil Donahue's nightly show, putting end to its high-profile effort to challenge CNN and Fox News Channel in area of prime-time politically oriented talk shows; plans to extend its program Countdown: Iraq with Lester Holt to two hours to fill time slot temporarily; Donahue was brought to MSNBC with much fanfare last July (M)
Date: 26 February 2003
By Elaine Sciolino
Elaine Sciolino
Le Monde, France's journalistic icon long considered national symbol of sobriety, propriety and moralism, is accused in investigative book by Philippe Cohen and Pierre Pean of abusing its power and selling its soul; The Dark Side of Le Monde tells tales of bias, conflicts of interest, hypocrisy and business mismanagement; accuses newspaper of twisting facts to cover up scandals, shape French politics and hide paper's financial woes; Le Monde denies allegatioons; threatens to sue for libel (M),
Date: 27 February 2003
By Bloomberg News
Bloomberg News
Spiegel, the owner of Eddie Bauer stores and the Spiegel catalog, says the Securities and Exchange Commission is investigating whether the company failed to disclose auditor doubts about its financial health. The informal inquiry stems from Spiegel's failure to file S.E.C. reports on time and its notices that it would miss those deadlines, the company said yesterday in regulatory filings for the first three quarters of 2002. The delays began with Spiegel's annual filing for 2001, which was submitted on Feb. 4. Spiegel told the agency that the delays were caused by talks with lenders over defaulted debt and the auction of a credit card business. The notices of delay did not say that Spiegel's auditor, KPMG, had doubts about Spiegel's viability, the company said in the filings. Spiegel's continued defaults on debt agreements ''raise substantial doubt about the company's ability to continue as a going concern for a reasonable period of time,'' the filings said.
Date: 26 February 2003
By Bloomberg News
Bloomberg News
Schering-Plough Corp, whose sales and marketing practices are being investigated, lowers its fourth-quarter and 2002 earnings, saying it has set aside additional $150 million for legal settlements (S)
Date: 27 February 2003
By Bloomberg News
Bloomberg News
The Federal-Mogul Corporation, a leading maker of engine bearings and seals, has won a judge's approval for the sale of its North American camshaft business to Asimco International for $28 million. Asimco, a closely held Chinese auto-parts maker, submitted the best bid, lawyers told Judge Randall Newsome of United State Bankruptcy Court in Wilmington, Del. The sale includes plants in Michigan and Indiana. The approval moves Federal-Mogul a step closer to emerging from Chapter 11 bankruptcy protection. The operations being sold have about 500 employees and had combined sales of about $80 million in 2001, Federal-Mogul officials said.
Date: 26 February 2003
By Bloomberg News
Bloomberg News
Mirant Corp, power producer that overstated profit by $41 million in period of three and half years, postpones conference call with financial analysts planned for this week to complete audit of its accounting (S)
Date: 27 February 2003
By Bloomberg News
Bloomberg News
The McMoRan Exploration Company, an American oil and natural gas producer, said it would abandon an unsuccessful well drilled in shallow waters of the Gulf of Mexico. The Lighthouse Point-Deep prospect was drilled to almost 18,000 feet in about 10 feet of water off Louisiana, the company said. Results of the effort were being reviewed to determine whether further drilling in the area was warranted, the company said. McMoRan Exploration is participating in four exploration wells being drilled in shallow gulf waters, the company said. Production from one of the wells is expected to begin in the second quarter, and plans for another well in the area are being developed.
Date: 27 February 2003
By Bloomberg News
Bloomberg News
The Northwest Airlines Corporation has asked pilots for a 20 percent pay cut and permanent changes in benefits and work rules, the pilots' union said yesterday. The union, the Air Line Pilots Association, told its 5,700 active and 633 laid-off members that it would not respond to the company proposal until after it analyzes the airline's finances. Northwest asked pilots earlier this year to begin talks on labor-cost reductions because revenue had not recovered from a decline that began in 2001. The airline has said it is trying to cut annual expenses as much as $1.5 billion to avoid filing for bankruptcy protection.
Date: 26 February 2003
By Bloomberg News
Bloomberg News
Fleming Companies, grocery distributor, will cut 1,800 jobs and says Securities and Exchange Commission has formalized accounting investigation (S)
Date: 26 February 2003
By Bloomberg News
Bloomberg News
Paul Thomas, co-head of Merrill Lynch unit that trades government bonds, is retiring; Barry Wittlin will take over as sole chief on March 31 (S)