German Church Is Learning From U.S. Mistakes on Abuse
Date: 26 July 2002
By Steven Erlanger
Steven Erlanger
Roman Catholic Church in Germany is paying attention to lessons from United States, where church has been convulsed by accusations of pedophilia; German church leaders are talking openly about cases of sexual assault by priests against minors, and Cardinal Karl Lehmann, archbishop of Mainz, has warned of mroe revelations to come; numerous cases are surfacing in German press, and prosecutors have opened investigation into several priests (M)
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How I Got That Story
Date: 26 July 2002
By Russell Working
Russell Working
Op-Ed article by reporter Russell Working describes being harassed and followed by Egyptian police as he tried to interview people in Al-Arish (M)
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AMERICAN ELECTRIC REDUCES 2002 EARNINGS FORECAST
Date: 26 July 2002
By Bloomberg News
Bloomberg News
American Electric Power reduces its 2002 earnings forecast for second time in week, after second-quarter earnings fell 91 percent; net income fell to $21.9 million from $231.8 million year earlier; revenue rose 7.8 percent, to $415.2 billion (S)
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OXFORD PAYS $250,000 TO SETTLE S.E.C. INVESTIGATION
Date: 26 July 2002
By Bloomberg News
Bloomberg News
Oxford Health Plans pays $250,000 to settle Securities and Exchange Commission investigation into whether company misstated financial results; admits no wrongdoing; agrees to cease-and-desist order related to accounting and reporting results (S)
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XCEL ENERGY WILL SELL STOCK TO SAVE SUBSIDIARY
Date: 27 July 2002
By Bloomberg News
Bloomberg News
Utility company owner Xcel Energy Inc announces that it will sell $500 million in stock to avert default by NRG Energy, its power-generation subsidiary; NRG will buy power plants from FirstEnergy Corp; Xcel shares fall 37 percent (S)
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AVAYA TO CUT 2,500 MORE JOBS IN CONTINUING SLUMP
Date: 27 July 2002
By Bloomberg News
Bloomberg News
Avaya Inc, largest United States maker of office telephone equipment, will eliminate 2,500 added jobs, about 12 percent of its workforce, amid continuing slump in demand (S)
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SHARES OF LEAPFROG RISE 20% AFTER INITIAL OFFERING
Date: 26 July 2002
By Bloomberg News
Bloomberg News
Shares of LeapFrog Enterprises rise more than 20 percent after company raises $117 million in initial public offering; close at $15.85 from offering price of $13 per share (S)
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BELLSOUTH REVISES FREE CASH FLOW DOWNWARD BY 21%
Date: 27 July 2002
By Bloomberg News
Bloomberg News
BellSouth Corp revises second-quarter free cash flow downward by 21 percent, to $1.1 billion, because it redeemed debentures, reducing debt (S)
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TWEETER HOME ENTERTAINMENT SAYS IT CUT 240 JOBS
Date: 26 July 2002
By Bloomberg News
Bloomberg News
Tweeter Home Entertainment will cut about 240 jobs, or 6 percent of its work force; says fiscal third-quarter profit fell 96 percent; net income fell to $103,000 from $2.47 million; sales rose 59 percent, to $175.3 million from $110 million (S)
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SWS GROUP DISCLOSES $21 MILLION IN VARIOUS CHARGES
Date: 26 July 2002
By Bloomberg News
Bloomberg News
SWS Group, which operates Internet brokerage firm Mydiscountbroker.com, says it spent $21.7 million to shut down poor-performing division, settle lawsuits and write down value of some investments (S)
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