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BUSINESS BRIEFS.(TO THE POINT)
MEDIA
Adelphia falls on delist, default
The Nasdaq will delist the ailing cable firm Monday because it failed to file an annual report for '01. Provisions in $1.4 bil of Adelphia convertible bonds require the firm to keep a market listing. Due to the default, Adelphia will have to pay off debt sooner. Scrambling to avoid a cash crunch and possible bankruptcy, the No. 6 cable firm wants to sell various cable assets. Adelphia fell 40% to 0.70. It peaked at 87 in May '99.
Charter Communications has reportedly been interested in Adelphia's Los Angeles assets. But it's not clear if talks are ongoing.
FOOD
Smithfield bid for Farmland Meat
The No. 1 U.S. pork producer confirmed it renewed its offer to buy the meat ops of Farmland Industries, the largest U.S. farmer-owned co-op. But late Friday, Smithfield said the cash-starved co-op chose to file for ...
- Changes in Farmland Meat Operations Reflect Changing Demand.
- Press release article from: PR Newswire July 30, 2001 700+ words
Three Case-Ready Plants to Open; Topeka, Kan., Pork Plant to Close KANSAS CITY, Mo., July 30 /PRNewswire/ -- In an ongoing effort to ensure its plant operations reflect changes in the pork and beef marketplace, Farmland's Refrigerated Foods Group announces the addition of three new case-ready beef
- BIL gets rough in Thistle bid.
- Newspaper article from: The Daily Deal April 3, 2003 700+ words
...Cattell in London Singapore investment company BIL International Ltd. is planning to dismiss...hostile bid for the hotel operator fail. BIL, which already owns 46% of Thistle, has...s property portfolio. A source close to BIL, which is controlled by Malaysian businessman...
- BIL prevails in Thistle tussle.
- Newspaper article from: The Daily Deal May 2, 2003 700+ words
...Thursday, May 1, after Singapore investor BIL International Ltd. was able to force through its hostile bid and eject management. BIL, which already owns 45.6% of Thistle...control of a 52.7% block of shares. BIL said it will now extend its offer unconditionally...
- Halftime score: $8.79 bil. Consumer spending on video leaps 13.3% in...
- Magazine article from: Video Business Hettrick, Scott July 15, 2002 700+ words
...revenue 2.4%. Six months down, six to go YTD spending % change from 2001 DVD only $4.35 bil. +90.2 VHS only $4.44 bil. -18.8 Total $8.79 bil. +13.3% Source: VSDA VidTrac and studio sales data Next week in VB: Rental, sales...
- Taiwan - Photonic manfuacturing to hit NTDlr607.6 bil.
- News wire article from: Asia Africa Intelligence Wire October 22, 2003 700+ words
...Africa) Taiwan: Photonic products manufacturing revenues are forecast to reach NTDlr607.6 bil in 2004 vs NTDlr575.02 bil in 2003 and NTDlr487.26 bil in 2002, according to the Photonics Industry and Technology Development Association, Taiwan...
- Asia-Pacific - IT expenditure to reach USDlr88 bil in 2004.
- News wire article from: Asia Africa Intelligence Wire November 7, 2003 700+ words
...Asia/Africa) Asia-Pacific: Total IT expenditure is forecast to reach an estimated USDlr88 bil in 2004 and USDlr79.3 bil in 2003 vs USDlr73.1 bil in 2002, according to IDC Asia-Pacific. Within the total, hardware expenditure is forecast...
- France - France Telecom makes Euro20.7 bil loss on charges.
- News wire article from: Europe Intelligence Wire March 5, 2003 700+ words
(From RDSL Europe) France Telecom made a Euro20.7 bil net loss in 2002, including Euro18.2 bil in one-off charges, vs a Euro8.3 bil loss in 2001. The charges included Euro8.9 bil for Mobilcom (Germany) and...
- US - Console, handheld sales to reach USDlr6.4 bil in 2003.
- News wire article from: The America's Intelligence Wire May 12, 2003 700+ words
...sales are forecast to reach USDlr6.4 bil in 2003, with the total retail video games market reaching USDlr11.3 bil, according to the International Development...America and Europe will reach USDlr2.75 bil in 2006, vs USDlr2.76 bil in 2005...
- Finland - Nokia net profit up 12% to Euro1.17 bil in Q4 2003.
- News wire article from: Europe Intelligence Wire January 23, 2004 700+ words
(From RDSL Europe) Nokia made a net profit up 12% to Euro1.17 bil and an operating profit up 14% to Euro1.67 bil on net sales down 1% to Euro8.79 bil in 4th-qtr 2003 vs a Euro1.05 bil net profit and a Euro1.47 bil operating...
- Asia - Pay TV subscriptions set to reach USDlr30 bil in 2005.
- News wire article from: Asia Africa Intelligence Wire September 16, 2002 700+ words
...From RDSL Asia/Africa) Asia: Pay TV subscriptions are forecast to grow to USDlr30.0 bil in 2005, up from USDlr25.9 bil in 2004, USDlr22.1 bil in 2003, USDlr18.5 bil in 2002 and USDlr15.7 bil in 2001, with subscriptions in Hong...