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BUSINESS BRIEFS.(TO THE POINT)
TELECOM
Deals boosts Ciena, Sycamore
Shares of Ciena rose 8% and Sycamore Networks surged 12% after they won contracts to help build a global Internet-centered network for U.S. defense and intelligence services. The Defense Information Systems Agency also awarded contracts to Juniper Networks, Sprint, Cisco and Qwest. But the contracts would have the most impact on Ciena and Sycamore, whose deals are worth about $100 mil and $50 mil, respectively.
FOOD
Italy arrests 7 in Parmalat probe
Among those taken in for suspected fraud were 2 former Parmalat CFOs and the chairman of auditor Grant Thornton's Italian affiliate, sources said. The arrests widen the investigation into how Italy's biggest food company misappropriated over $10 bil. Its founder and former chair, Calisto Tanzi, has admitted to diverting $625 mil to his family.
** Parmalat is seeking a buyer for it's North American bakery business, the No. 3 U.S. cookie maker known for its Archway brand and Original ...
- Shell Trading, TotalFinaElf, BP, PDVSA, El Paso, Williams, U.S. Department Of...
- Press release article from: PR Newswire May 14, 2001 700+ words
...Terminal for the U.S. or Mexico -- El Paso's Plans for North American LNG Terminal Development -- Speaker TBA, El Paso -- Developing the North American LNG Market: Chevron's Perspective...
- El Paso Corporation Announces Sale of North American Nitrogen Assets.
- Press release article from: PR Newswire December 3, 2003 700+ words
El Paso Corporation today announced...closed on the sale of its North American nitrogen business to Dyno...Nevada. This sale supports El Paso's previously announced...while maximizing liquidity. El Paso Corporation is the leading...
- Faded denim NAFTA blues: El Paso confronts deindustrialization and betrayed...
- Magazine article from: Multinational Monitor Medaille, Bill Wheat, Andrew December 1, 1997 700+ words
...472 laid off workers in El Paso, Texas had been officially certified as North American Free Trade Agreement victims...about half of them in El Paso. At 6,472 certified NAFTA job losses and counting, El Paso is NAFTA's undisputed...
- Deep in the heart of NAFTA: on the border with Mexico, economic growth is...
- Magazine article from: The Economist (US) February 28, 1998 700+ words
...the 400th anniversary of El Paso-Juarez. In 1598, after...reunification of Berlin, El Paso-Juarez has been calling...Largely because of the North American Free-Trade Agreement...Juarez every day; 40% of El Paso's retail sales are to...
- El Paso Natural Gas Company Announces Enron North America Corp. As Successful...
- Press release article from: PR Newswire December 20, 1999 700+ words
...the increasing value of the El Paso Natural Gas system capacity...chief executive officer of El Paso Energy Corporation. "North American gas flow trends continue to...Because of its unique position, El Paso Natural Gas will be transporting...
- El Paso sets goal to become a top E & P performer.(E & P Update)
- Magazine article from: Natural Gas Week Kelly, Andrew February 26, 2007 700+ words
...Louisiana. Smolik said El Paso will also more than...New York meeting, El Paso also outlined its view of the North American gas market through...same period. In El Paso's view, increases...imports will end the North American market's relative...
- El Paso Merchant Energy Company Announces Power Finance Group, Names New...
- Press release article from: PR Newswire July 24, 2000 700+ words
...these individuals bring to El Paso Energy will substantially enhance...financial services platform of El Paso Energy and complements its...related opportunities in the North American energy marketplace. El Paso Energy now offers innovative...
- EL Paso turnaround done deal, 2006 declared 'breakout year'.
- Magazine article from: Natural Gas Week Shook, Barbara January 23, 2006 700+ words
...continued improvement in El Paso's credit standing. The...between the pipelines and El Paso Exploration and Production...significant investments in North American infrastructure," Foshee said. El Paso operates a five-pipeline...