- The Washington Times - Friday, March 19, 2004


• Deltek, a Herndon company, is rolling out software designed to help contractors compete for government work. The firm said one of its first customers, EDO Corp. of New York, which specializes in aircraft armament, defense electronics and underwater warfare, will use the Web-based Deltek GovWin system, with its central repository of contract information, to support two of its manufacturing divisions.


• Gary Winnick and other former officers of Global Crossing agreed to pay a combined $325 million to settle a class-action lawsuit brought by two Ohio pension funds and others who invested in the telecommunications company, according to lawyers for the plaintiffs.

• Jurors ended their first full day of deliberations in the trial of two former top executives accused of looting $600 million from Tyco International Inc. without reaching a verdict. Jurors will resume deliberations Monday.

• Oracle Corp. lawyers may see documents about sales and bidding from PeopleSoft Inc., SAP AG and Microsoft Corp., U.S. District Court Judge Vaughn Walker ruled in the government’s lawsuit seeking to block Oracle’s hostile takeover of PeopleSoft.

• A Canadian cow discovered with mad cow disease in the United States was probably contaminated by its feed, the Canadian Food Inspection Agency said. Animals traced to the cow’s original herd in Alberta were found to be free of the disease.

• U.S. Smokeless Tobacco Co., which makes the Skoal and Copenhagen brands, has agreed to pay $200 million and forfeit its cigar business to settle an antitrust lawsuit brought by rival Swedish Match North America.

• A divided Nebraska Supreme Court revived a class-action lawsuit saying that Microsoft Corp. violated the state’s consumer-protection laws by engaging in monopolistic behavior. The high court ruled 4-3 in favor of two Nebraskans who sued the software giant in 2001.

• UAL Corp., the parent of United Airlines, was given a 30-day extension to file its recovery plan by a U.S. bankruptcy judge. The ruling by U.S. Bankruptcy Judge Eugene R. Wedoff in Chicago gives UAL the exclusive right to submit a recovery plan until May 8.

• A group of women objecting to Dow Corning Corp.’s $2.3 billion settlement of injury claims stemming from silicone-gel breast implants dropped appeals that had stalled the accord.

• Spirit Airlines Inc., a closely held discount carrier in Fort Lauderdale, Fla., said it ordered 35 Airbus A320 aircraft valued at $2 billion and may buy 60 more as its expands its fleet.


• Bank of America has denied wrongdoing in the near-collapse of Parmalat, saying efforts by authorities to put the bank on trial is not supported by facts.

• The Trade Bank of Iraq, managed by J.P. Morgan Chase & Co. and 12 other foreign lenders, next month will start setting up letters of credit to help finance the country’s oil exports.

• Coca-Cola said it had begun withdrawing its Dasani brand of bottled water from British shelves as a precaution after the product failed to meet the company’s standards of quality. The company said the water, introduced in Britain last month, contained levels of bromate that exceeded British legal standards but that there was no health risk.

From wire dispatches and staff reports

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