ABB finally near energy sale
The Daily Deal - October 29, 2003
Byline: Andrew Bulkeley in Berlin
A consortium of Candover Partners Ltd., J.P. Morgan Partners LLC and 3i Group plc finally announced Tuesday that they are close to an agreement to buy ABB Ltd.'s unprofitable oil, gas and petrochemicals division, paying between $925 mil... (Read More)
CNA seeks buyer for life insurer
The Daily Deal - October 29, 2003
Byline: Lisa Gewirtz
Chicago-based insurance company CNA Financial Corp. (http://www.cna.com/news/index.shtml) has put its life insurance and group health insurance businesses on the auction block, sources said.
Together the units could fetch about $1.5 billion, acc... (Read More)
ACE Limited Reports Third Quarter Results
Business Wire - October 28, 2003
Business Editors
HAMILTON, Bermuda--(BUSINESS WIRE)--Oct. 28, 2003
ACE Limited (NYSE:ACE) today reported that fully diluted net income per share totaled $1.22, which included after-tax net realized gains of $51 million for the quarter. This compared with a net loss of... (Read More)
Congoleum Corporation Commences Solicitation of Reorganization Plan Approval
Business Wire - October 27, 2003
Business Editors
MERCERVILLE, N.J.--(BUSINESS WIRE)--Oct. 27, 2003
Congoleum Corporation (AMEX:CGM) today announced that it has finalized documents relating to its pre-packaged Chapter 11 plan of reorganization and mailed them to asbestos personal injury claimants and... (Read More)
Letter from Delaware
The Daily Deal - October 23, 2003
Byline: Shanon D. Murray, with staff reports
Normally, when a bankruptcy judge ends a company's exclusivity to propose a reorganization plan, a free-for-all results among creditors. But in the asbestos-related case of Federal-Mogul Corp., creditors have been maneuvering... (Read More)
Grace Reports Third Quarter Financial Results
Business Wire - October 23, 2003
Business Editors
COLUMBIA, Md.--(BUSINESS WIRE)--Oct. 23, 2003
W. R. Grace & Co. (NYSE:GRA) today reported that 2003 third quarter sales totaled $521.0 million compared with $480.0 million in the prior year quarter, an 8.5% increase. Favorable currency translation eff... (Read More)
Corning Reports Third Quarter Net Income
Business Wire - October 22, 2003
Business Editors
CORNING, N.Y.--(BUSINESS WIRE)--Oct. 22, 2003
Corning Incorporated (NYSE: GLW) today announced that it had third-quarter sales of $772 million and net income of $33 million or $0.02 diluted earnings per share.
"We have been relentless throughout the... (Read More)
3M Third-Quarter Earnings Rise 20.3 percent to $0.83 Per Share; Sales Increase 11.4 Percent to a Record $4.62 Billion
Business Wire - October 20, 2003
Business Editors
ST. PAUL, Minn.--(BUSINESS WIRE)--Oct. 20, 2003
3M (NYSE:MMM) today announced its sales and earnings results for third quarter 2003.
Net income for the quarter was $663 million, or $0.83 per share, versus $545 million, or $0.69 per share, in the thi... (Read More)
Liberty Mutual Group to Host Analyst Conference Call
Business Wire - October 17, 2003
Business Editors
BOSTON--(BUSINESS WIRE)--Oct. 17, 2003
Liberty Mutual Group will host an analyst conference call to review the results of a comprehensive ground-up asbestos study and provide a summary update of the Company's business performance over the past nine mo... (Read More)
PPG Reports on Third Quarter
Business Wire - October 16, 2003
Business Editors
PITTSBURGH--(BUSINESS WIRE)--Oct. 16, 2003
PPG Industries reported today third quarter net income of $142 million, or 83 cents a share, including an aftertax charge of $5 million, or 3 cents a share, to reflect the net increase in the current value of... (Read More)
Cytec Announces Third Quarter EPS of $0.55; Full Year Outlook Updated
Business Wire - October 16, 2003
Business Editors
WEST PATERSON, N.J.--(BUSINESS WIRE)--Oct. 16, 2003
Cytec Industries Inc. (NYSE:CYT) announced today that net earnings for the third quarter of 2003 were $22.1 million or $0.55 per diluted share on net sales of $368 million. Net earnings for the compa... (Read More)
Construction Industry Gains Online Safety Training Through ABD's Cybersure University and ClickSafety
Business Wire - October 16, 2003
Business Editors
ALAMO, Calif.--(BUSINESS WIRE)--Oct. 16, 2003
ClickSafety and ABD Insurance & Financial Services Launch Risk
Management Courseware Tailored to Construction Clients
ClickSafety, a leading web-based health and safety risk management provider, today ... (Read More)
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