Chiquita weighs Chapter 11 talks with bondholders
Chiquita Brands International aims to negotiate an arrangement with bondholders that could lead to Chapter 11 bankruptcy later this year. The company has 862 million dollars in public debt and has halted debt payments including 87 million due March 28. President Steven Warshaw said meetings will be set with creditors to work out a plan as stock slid from 2.00 to 1.56 dollars.
MENTIONED IN THIS ARTICLE
Chiquita
Cincinnati
Chiquita Brands International Inc
Banana Company
Steven G. Warshaw
Bush Faces First Economic Test as Recession Fears Rise
Washington. President Bush confronts a shaky economy with recession fears and market jitters. Analysts see potential but likely mild downturn, prompting a push for a $1.3 trillion tax cut to stimulate spending while the Fed signals more rate cuts. The debate centers on whether monetary policy or tax policy best stabilizes growth.
MENTIONED IN THIS ARTICLE
Alan Greenspan
Federal Reserve
Congress
Fed
Linda Hooks
Washington & Lee University
Lexington
Robert Reischauer
The
Urban Institute
Congressional Budget Office
Bush
Greenspan
White House
Reischauer
Coffey to resign from CNN amid restructuring
Shelby Coffey III, president of CNN Business News and CNNfn, will resign to start a private foundation with his wife focusing on bringing emergency-room techniques to less developed countries and to become a fellow at the Freedom Forum. His exit follows Time Warner AOL merger and CNN restructure plans.
MENTIONED IN THIS ARTICLE
New York
CNN
Shelby Coffey III
CNN Business News
Cnnfn
Coffey
Time Warner
AOL
Los Angeles Times
Mary Lee Coffey
The
Freedom Forum
Journalism
Jim Walton
CNN News Group
Tom Johnson
the Times
AOL Time Warner
CNN In Financial
NBC
CNBC
Moneyline NewsHour
West Coast
Retail sector faces shake-up as chains battle rivals
Retail analysts at the National Retail Federation say department stores like Macy's and Nordstrom may pursue drastic changes or mergers amid eroding sales and profits. They warn of ongoing pressure from specialty retailers and discount giants, with Montgomery Ward closing stores and fashion cycles accelerating.
MENTIONED IN THIS ARTICLE
New York
National Retail Federation
New York City
George Strachan
Goldman Sachs
Teresa Donahue
Neuberger Berman LLC
Richard Baum
Credit Suisse
First Boston
Macy’s
Nordstrom's
Strachan
Montgomery Ward
Williams Sonoma
Gap
Target
Wal-Mart
Kmart
Federated Department Stores
Also Mentioned on This Page
Mead
Indianapolis
Dayton
Mead Corporation
Fremont
Indiana
Doug Draper
Kroger
Scripps Howard
Kroger Co
PocketScript Inc
PocketScript
Kroger Pharmacies
ScriptConnect
Washington
George W. Bush
Nairobi
Africa
United Nations
APOE
Enron
Aueant Sas
Wwe
SRO
Adwasle
Ape AirExpos
ENSCO
Exelon
Fa Amd
Exxon Mob
Merck Ie
Arak
BankOne
Ganklec
MR & Ws
Gokeman
Pharmata vBarrage Lead AB
Garwal
Orsmy
Nat
Akin Investment Secures
Walnut Street Securities Inc
NASD
SIPC
AISGG
WSS Alltel
Amercan Greetings
Ames Dept Stares
Bob Evans
Cedar Far
Nnsource Inc
OVS Corp
DaimlerChrysler
Emerson Electric
Englehard
First Energy
FirstMert Bancorp
Ford Motor
General Motors
PolyOne Corp
Bfgoodrich
Fifth Third Bank
Guest Supply
Torey
Walte Nateual
Brdewad Dacestor
Aia
Nonamaos Palace
Pouc
Cry
Sento Herpentige
Betsady
Valleys
Ines
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