GDP rise marks strongest post-1999 pace amid mixed outlook
The 2004 GDP expanded 4.4 percent, led by brisk consumer and business spending, topping 2003 and signaling a slower pace ahead. Amid energy price moves and upcoming Iraq elections, analysts eye a moderate growth path with weather and energy forecasts shaping near-term demand. Boeing jet orders loom as China deals near $7.2 billion, while Lockheed Martin wins the presidential helicopter fleet contract, highlighting offshoring concerns and foreign participation in U.S. defense work.
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Workers aim to buy Pulitzer Inc through employee ownership
St Louis Post-Dispatch workers launch an ESOP bid to buy Pulitzer Inc and keep its financial independence, seeking to control their destiny amid talks of sale. Pulitzer says no formal decision or sale is guaranteed, and Halliburton plans to wind down Iran operations while separating KBR from the parent.
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Procter & Gamble to Buy Gillette for 57 Billion
P&G to acquire Gillette in a deal valued at 57 billion, creating the world’s largest consumer products company with over 60 billion in revenue. The merger would cut about 6000 jobs and blend Gillette’s razors and Duracell with P&G’s brands like Crest and Pampers.
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P&G to Acquire Gillette in 57 Billion Deal
Procter & Gamble plans to buy Gillette for 57 billion dollars. Buffett's Berkshire Hathaway holds about 9.7 percent of Gillette and expects to add 64 million P&G shares to reach 100 million by year's end as the sale closes later this year.
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