INVESTMENT FIRM TO ACQUIRE METAL CASTINGS COMPANIES
Date: 08 January 2000
By Bloomberg News
Bloomberg News
Carlyle Group Inc acquires Trimin Enterprises Inc and Tritech Precision Inc for 285 million Canadian dollar ($195 million); will pay 7.35 Canadian dollars a share for Trimin and 33 Canadian dollars a share for 55.5 percent of Tritech that is publicly traded (S)
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SYSCO AGREES TO BUY FRUIT AND VEGETABLE DISTRIBUTOR
Date: 08 January 2000
By Bloomberg News
Bloomberg News
Sysco Corp acquires FreshPoint Holdin
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W. W. GRAINGER WARNS ABOUT FOURTH-QUARTER EARNINGS
Date: 08 January 2000
By Bloomberg News
Bloomberg News
W W Grainger Inc warns that its fourth-quarter earnings might be as much as 45 percent less than estimates because of higher costs and inventory troubles (S)
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What Loan Valuations Mean to Shareholders
Date: 09 January 2000
By Bloomberg News
Bloomberg News
Differences in loan valuations are common and wide enough that Securities and Exchange Commission recently reminded funds to pay closer heed to market prices of loans; investor concern that some closed-end loan funds will respond by sharply marking down net asset values has led to drop in prices of some funds to record lows (M)
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Consumer Borrowing Surged in November
Date: 08 January 2000
By Bloomberg News
Bloomberg News
Federal Reserve figures show borrowing by US consumers ballooned in November; consumer credit rose by $15.6 billion to $1.39 trillion; borrowing rose at annual rate of 13.7 percent, compared with rate of 4.6 percent in October and 5.3 percent for all of 1998 (S)
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New Access to America Online E-Mail
Date: 08 January 2000
By Bloomberg News
Bloomberg News
America Online Inc says it will give its more than 20 million subscribers access to electronic mail using hand-held organizers made by Compaq Computer Corp, Casio Computer Co and Hewlett-Packard Co (S)
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Renovations Picking Up
Date: 09 January 2000
By Bloomberg News
Bloomberg News
Economists expect $150 billion market for home renovations and repairs will continue expanding this year; projects are becoming more upscale (M)
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Merrill Lynch Reimburses Client For Loss Linked to Ex-Employee
Date: 08 January 2000
By Bloomberg News
Bloomberg News
Merrill Lynch & Co says it reimbursed money to client Arab International Bank and is pursuing prosecution of former Egyptian employee, Ashraf Raffa, who may have misappropriated funds; Merrill pays back about $40 million; Raff was arrested in Egypt on Dec 9, 1999; it is trying to recover misappropriated money through legal proceedings; Raffa is believed to have made several transfers of fixed income securities from Arab International Bank's funds to account with UBS AG in Geneva between 1996 and 1998 by forging signature of former employee of bank who died three months before transactions started (M)
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Detention Given in Theft of Secrets
Date: 08 January 2000
By Bloomberg News
Bloomberg News
P Y Yang, chief executive of Taiwan-based Four Pillars Ltd who paid Avery Dennison Corp research engineer Ten Hong Lee to pilfer corporate secrets from company, is sentenced to six months home detention in first case under US law aimed at combating trade-secret thefts; Yang's daughter, Hwei Chang Yang, is sentenced to one-year probation on same charge; Yangs were convicted in April 1999 of paying Ten Hong Lee $160,000 over eight years to obtain adhesive formulas and other innovations developed by company (S)
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