BRIEFCASE QANTAS INCREASES SERVICE IN L.A.Byline: - Staff and Wire Services Qantas Airways announced Thursday that it will add two more round-trip flights from Los Angeles Los Angeles (lôs ăn`jələs, lŏs, ăn`jəlēz'), city (1990 pop. 3,485,398), seat of Los Angeles co., S Calif.; inc. 1850. to Brisbane, Australia, beginning July 1. The two flights, which will include a stop in Auckland, New Zealand New Zealand (zē`lənd), island country (2005 est. pop. 4,035,000), 104,454 sq mi (270,534 sq km), in the S Pacific Ocean, over 1,000 mi (1,600 km) SE of Australia. The capital is Wellington; the largest city and leading port is Auckland. , raise the number of Qantas flights from Australia to the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. to 31 a week. The airline also plans to add four Boeing 747-400 round trips a week between Los Angeles and Sydney from January 2003, further increasing Qantas service from the United States to Australia to 35 flights per week. Ex-CEO takes 5th about drug failure WASHINGTON - The former chief executive of ImClone Systems ImClone Systems Incorporated (NASDAQ: IMCL) is a biopharmaceutical company dedicated to developing biologic medicines in the area of oncology. It was founded in 1984 and is headquartered in New York City. It is traded on the NASDAQ stock exchange under the symbol IMCL. invoked his Fifth Amendment right against selncrimination Thursday and refused to answer questions at a House hearing on the failure of a cancer drug that cost investors millions and disappointed dying cancer patients. Asked by the subcommittee chairman, Rep. Jim Greenwood, R-Pa., whether ImClone's strategy ``was to put personal profiteering prof·it·eer n. One who makes excessive profits on goods in short supply. intr.v. prof·it·eered, prof·it·eer·ing, prof·it·eers To make excessive profits on goods in short supply. ahead of patients,'' Samuel Waksal said under oath that he was asserting his constitutional right and declining to answer lawmakers' questions. Heinz to spin off tuna fish, cat food PITTSBURGH - Food giant H.J. Heinz plans to spin off sluggish brands, including StarKist tuna and 9Lives cat food, and merge them with a reorganized re·or·gan·ize v. re·or·gan·ized, re·or·gan·iz·ing, re·or·gan·iz·es v.tr. To organize again or anew. v.intr. To undergo or effect changes in organization. Del Monte in which Heinz shareholders will own a 75 percent stake. Spokesmen for the companies said Thursday that the businesses being spun off generate sales of about $1.8 billion, or 20 percent of Heinz's annual sales, and that the boards of both companies have approved the plan. Under terms of the deal, Heinz will create a new subsidiary that will be spun off to Heinz shareholders and immediately merged into a unit of Del Monte. Shares rebound as Tyco cuts costs CONCORD, N.H. - Shares of Tyco International For the unrelated division of Mattel, see . Tyco International Ltd. NYSE: TYC is a diversified manufacturing conglomerate incorporated in Bermuda, with United States operational headquarters in New Jersey. Ltd. rebounded strongly Thursday after the company received approval to shed its lending unit and announced plans to streamline operations. Tyco is selling its operational headquarters building and moving employees to a nearby site as part of an effort to save $125 million a year. About 115 corporate staff positions will be eliminated, chief financial officer Mark Swartz said Thursday. The company is also getting rid of all of its aircraft. Lucent warning sends stock down MURRAY HILL Murray Hill may refer to one of the following places:
World's largest marketplace for securities. The exchange began as an informal meeting of 24 men in 1792 on what is now Wall Street in New York City. closed. Lucent officials indicated that revenue would be between $2.99 billion and $3.17 billion for the April-June period, down from $3.52 billion in revenue recorded in the second quarter. Analysts surveyed by Thomson Financial/First Call had been expecting Lucent would report revenue of $3.52 billion for the third quarter. |
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