XEROX PLANS $3.1 BILLION RECAPITALIZATION
Date: 12 June 2003
By Bloomberg News
Bloomberg News
Xerox Corp plans $31 billion recapitalization to strengthen its balance sheet and to repay and terminate its current bank facility (S)
Replaying Wednesday, June 11, 2003
The June 11, 2003 was a Wednesday under the star sign of ♊. It was the 161 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, June 11, 2026, 22 days ago. Your next birthday is on Friday, June 11, 2027, in 342 days. You have lived for 8,423 days, or about 202,161 hours, or about 12,129,702 minutes, or about 727,782,120 seconds.
Some people who share this birthday:
11th of June 2003 News
News as it appeared on the front page of the New York Times on June 11, 2003
S.E.C. IS INVESTIGATING FISCHER IMAGING ACCOUNTING
Date: 12 June 2003
By Bloomberg News
Bloomberg News
Fischer Imaging Corp, maker of X-ray equipment, says Securities and Exchange Commission has begun probe of its accounting; chief financial officer Stephen Burke says SEC has subpoenaed records related to financial statements for 2000, 2001 and first three quarters of 2002 (S)
SALERNO NAMED CHIEF EXECUTIVE OF AVIS AND BUDGET
Date: 12 June 2003
By Bloomberg News
Bloomberg News
Cendant Corp names F Robert Salerno as chief executive of its Avis and Budget car-rental business; will retain title of president (S)
BRUNSWICK BUYS GAME MAKER FOR $34.5 MILLION
Date: 11 June 2003
By Bloomberg News
Bloomberg News
Brunswick Corp acquires Valley-Dynamo LP, maker of commercial and consumer pool, foosball and table hockey products, for $34.5 million; will add Valley-Dynamo to its Brunwick Billiards division (S)
PENN NATIONAL OFFERS MIXED OUTLOOK ON EARNINGS
Date: 11 June 2003
By Bloomberg News
Bloomberg News
Penn National Gaming Inc raises its second-quarter profit estimate, but lowers its outlook for year; Penn National is laying off workers and trimming marketing in Illinois after state approved casino tax increase starting in July (S)
REGAL ENTERTAINMENT TO PAY ONE-TIME CASH DIVIDEND
Date: 12 June 2003
By Bloomberg News
Bloomberg News
Regal Entertainment Group, one of world's largest movie theater chains, will pay investors one-time cash dividend of $5.05 for each share they hold (S)
DEY TO PAY $18.5 MILLION TO SETTLE FRAUD ALLEGATIONS
Date: 12 June 2003
By Bloomberg News
Bloomberg News
Justice Department says Dey Inc, unit of Merck of Germany, agrees to pay $18.5 million to US and Texas to settle Medicaid fraud allegations; says company submitted false price information on its drugs and caused providers to submit inflated reimbursement claims (S)
NEWELL RUBBERMAID NAMES NEW CHIEF FINANCIAL OFFICER
Date: 11 June 2003
By Bloomberg News
Bloomberg News
Newell Rubbermaid Inc promotes Patrick Robinson to chief financial officer, succeeding William T Alldredge, who will retire at end of year (S)
SAFEWAY TO REDUCE ADMINISTRATIVE STAFF BY 13 PERCENT
Date: 11 June 2003
By Bloomberg News
Bloomberg News
Safeway Inc is eliminating about 13 percent of its administrative positions to lower costs; about 252 of 940 jobs being cut were open and will not be filled; more than 400 employees are laid off, while remaining will be terminated over next year (S)
ROYAL NUMICO SELLS VITAMIN-MAKING UNIT TO NBTY
Date: 11 June 2003
By Bloomberg News
Bloomberg News
NBTY Inc agrees to buy vitamin business Rexall Sundown from Royal Numico for $250 million; sale is expected to be completed in third quarter (S)