PPG Reports Strong Volume, EPS Growth in First Quarter
Business Wire - April 15, 2004
Business Editors
PITTSBURGH--(BUSINESS WIRE)--April 15, 2004
PPG Industries (NYSE:PPG) reported today first quarter net income of $115 million, or 67 cents a share, which includes aftertax charges of $4 million, or 2 cents a share, reflecting the previously announced ... (Read More)
PPG Positioned to Grow, Chairman Says
Business Wire - April 15, 2004
Business Editors
PITTSBURGH--(BUSINESS WIRE)--April 15, 2004
PPG Industries (NYSE:PPG) is in position to grow because the company took quick action during the recession to enable the global manufacturer of coatings, glass, fiber glass and chemicals to generate growth ... (Read More)
ABB sets June asbestos hearing
The Daily Deal - April 8, 2004
Byline: Soma Biswas
An appeals court hearing on Swiss engineering company ABB Ltd.'s $1.2 billion settlement with asbestos plaintiffs is set for June 3. The hearing in the U.S. Third Circuit Court of Appeals was postponed twice over the past six months.
The $1.2 billi... (Read More)
Bad faith
The Daily Deal - April 8, 2004
Byline: Matt Miller
For pink sheets-traded V-Net Beverage Inc., a Jan. 29 press release began with news that the company had appointed Robert Corr as new president. Corr brought to the job, the release offered, a storied career in "the functional beverage market." Among... (Read More)
Through the lens sharply: insurance, reinsurance and brokerage community professionals highlight the differences in how they approach risk - Insurance
Risk & Insurance - April 1, 2004, by Thomas J. Slattery
Insurance companies, reinsurance companies and insurance brokerages make their living sorting out the risk profiles of others--analyzing them, minimizing them and financing them. But what of their own risks? Are they atypical? If so, what are they and how do these industr... (Read More)
Letter from Delaware
The Daily Deal - March 25, 2004
Byline: Shanon D. Murray, with staff reports
Being a chief judge has its perks. Witness Mary F. Walrath of the U.S. Bankruptcy Court for the District of Delaware in Wilmington, who has quietly but steadily been paring down her caseload.
Walrath recently handed off the... (Read More)
Judge: No grace for Grace
The Daily Deal - March 24, 2004
Byline: Soma Biswas
A bankruptcy judge has refused to extend by six months W.R. Grace & Co.'s exclusive right to file a reorganization plan, according to lawyers involved in the case.
Grace, which filed for Chapter 11 on April 2, 2001, requested its sixth extension at... (Read More)
Liberty Mutual Group Reports Net Income of $851 Million in 2003; Statutory Surplus Up $2.0 Billion; Operating Cash Flow of $2.7 Billion
Business Wire - March 23, 2004
Business Editors
BOSTON--(BUSINESS WIRE)--March 23, 2004
Liberty Mutual Group ("LMG") today reported net income of $851.3 million for the twelve months ended 2003, a 67.4% increase over the same period in 2002.
"I am very pleased with our overall operating performan... (Read More)
Travelers Property Casualty and Equitas Reach Settlement Agreement
Business Wire - March 22, 2004
Business Editors
HARTFORD, Conn.--(BUSINESS WIRE)--March 22, 2004
Travelers Property Casualty (NYSE: TAP.A and TAP.B) and Equitas Limited (EQU.YY) have reached a comprehensive settlement of policies existing between Travelers and those Underwriters at Lloyd's of Londo... (Read More)
Travelers Property Casualty Executes Definitive Agreement on Previously Announced Asbestos Settlement
Business Wire - March 15, 2004
Business Editors
HARTFORD, Conn.--(BUSINESS WIRE)--March 15, 2004
Travelers Property Casualty Corp. (NYSE: TAP.A and TAP.B) today announced that it has executed a definitive agreement settling asbestos-related statutory-based direct actions pending against Travelers u... (Read More)
Sins of the father
The Daily Deal - March 15, 2004
Byline: Andrew Morse
Corporate reorganizations can be messy, confusing affairs. Few are messier and more confusing than the myriad restructurings and deals that preceded, and eventually produced, the spinoff of agricultural products giant Monsanto Co. from Pharmacia Cor... (Read More)
McDermott reports Fourth Quarter 2003 Loss from Continuing Operations of $81.4 million, $1.26 per diluted share
Business Wire - March 11, 2004
Business Editors
NEW ORLEANS, La.--(BUSINESS WIRE)--March 11, 2004
Includes B&W Settlement Revaluation Expense of $9.7 Million
After-Tax and $64.7 Million in Losses from Three J. Ray Projects
Expected to Be Completed in 2004
McDermott International, Inc. (NYSE:M... (Read More)
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