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BUSINESS BRIEFS.(TO THE POINT)
FINANCE
Freddie Mac earnings fall 52%
The government-chartered mortgage giant earned $6.79 a share in '03, including items, vs. $14.18 in '02 as it took losses from hedging against interest rate changes, and expenses rose due to an accounting scandal. It had delayed results as it untangled a $5 mil misstatement of earnings in '00-02. Freddie has yet to release finanical results for Q1 2004. Shares rose 11 cents to 63.30.
** Janus Capital agreed to sell the $600 mil private-client division of its Bay Isle Financial unit to First Republic Bank for $8 mil. The deal is expected to close in Q3. Janus fell 0.5% to 16.49.
FOOD
General Mills Q4 profit up 15.6%
The cereal maker benefited from an extra week of sales in the quarter, making 74 cents a share ex items, 2 cents over views. Its sales rose 10% to $2.79 bil on cereal and yogurt sales; its refrigerated dough sales were hurt by the sustained popularity of low-carb diets. It forecast sales growth through '06 of 3%-4%, down from 5%-6%, but ...
- Minority Business Roundtable Begins Research of Country's Minority Business...
- Press release article from: PR Newswire January 21, 2003 700+ words
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- Business Roundtable Report Shows Health Care Costs Will Skyrocket to Nearly...
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- Press release article from: PR Newswire May 21, 2004 700+ words
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- New Business Roundtable Study Estimates $565.9 Million in New Drug Benefits to...
- Press release article from: PR Newswire May 21, 2004 700+ words
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- New Business Roundtable Study Estimates $1.07 Billion in New Drug Benefits to...
- Press release article from: PR Newswire May 21, 2004 700+ words
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- New Business Roundtable Study Estimates $2.1 Billion in New Drug Benefits to...
- Press release article from: PR Newswire May 21, 2004 700+ words
...new study released today by the Business Roundtable projects that California senior...John J. Castellani, President of Business Roundtable. "Even using conservative calculations...numerous other program benefits. The Business Roundtable-Chartis Group study analyzes the...
- Philip M. Condit, Chairman & CEO of the Boeing Company, Elected New Chairman of...
- Press release article from: PR Newswire June 19, 2003 700+ words
...June 19 /PRNewswire/ -- The Business Roundtable announced today that Philip M...during the annual meeting of the Business Roundtable, which is an association of chief...Paper, who has been chairman of the Business Roundtable since 2001. "Phil Condit is a...
- New Business Roundtable Study Estimates More Than $1.9 Billion in New Drug...
- Press release article from: PR Newswire May 21, 2004 700+ words
...new study released today by the Business Roundtable projects that Florida senior citizens...John J. Castellani, President of Business Roundtable. "Even using conservative calculations...numerous other program benefits. The Business Roundtable-Chartis Group study analyzes the...