Archive
International News Services archives articles supplied to clients one year or more after initial publication. These articles are protected by a password and not made available to readers without permission from clients. They are used as a background resource by agency journalists. Upon client requests, International News Services will remove such articles from the archive or not upload them in the first place. They are included to demonstrate the breadth of topics undertaken by the agency and also to help promote clients’ coverage.
NEVADA CASE
BY PHILIP FINE
NEVADA state attorneys have outlined their case against the US government over the designation by President Bush of Yucca Mountain, northwest of Las Vegas, as a nuclear waste repository. A federal court has already agreed to hear challenges to the February 15 decision.…
KENTUCKY MINE
BY PHILIP FINE
A MINE operation in Kentucky that saw a major slurry spill in the autumn of 2000 failed to properly follow a plan that had been implemented after a disaster six years earlier, according to a recently released report.…
UBS WARBURG
BY PHILIP FINE
SEVERAL drugs companies have been temporarily inflating revenue through frequent price increases, according to an analysis by American investment firm UBS Warburg.
The study tracked price increases and inventory levels from this past autumn and found that drugs firms have been informing wholesalers of upcoming price changes, leading distributors to buy larger amounts of medicines ahead of the increases.…
SOBER YOUNGSTERS
BY PHILIP FINE
AFTER pressure from the licensed beverage industry, America’s National Center on Addiction and Substance Abuse (CASA) has admitted it overestimated its figures on underage drinkers. CASA had released a report stating that underage people drink 25 percent of the beverage alcohol consumed in the United States.…
BOSTON
BY PHILIP FINE
CRIMINAL charges have been laid against 24 former workers at Boston’s Logan International Airport for allegedly falsifying documents that got them their jobs and allowed them access to secure areas. The employees worked for private companies providing security, food and other services.…
JACKSONVILLE
BY PHILIP FINE
THE JACKSONVILLE Airport Authority will soon start construction on a new US$7 million headquarters. The three-story 68,000-square-foot facility must be completed by December because authority offices at Jacksonville International Airport, Florida, are being taken over by new baggage screening equipment that the government wants in place by the end of the year.…
BANKRUPTCY FIGURES
BY PHILIP FINE
US bankruptcies rose 19 percent last year. Filings totaled 1,492,129 in 2001, compared to 1,253,444 in the year 2000. Business filings spiked 13 per cent, while, non-business, accounting for 97 per cent of all filings, grew by 19.2 per cent, according to figures from the Administrative Office of the U.S.…
FRANCE - ECJ
BY PHILIP FINE
THE EUROPEAN Commission is taking France to the European Court of Justice for applying a reduced rate of withholding tax on income from investments and contracts with a debtor who is resident or established in France, while not allowing this tax break when the debtor lives in another EU Member State.…
MERRILL LYNCH
BY PHILIP FINE
IN the wake of the Enron scandal, Merrill Lynch has announced a plan to more accurately evaluate a company’s quality of earnings. Merrill’s director of equity research, Deepak Raj, told analysts in a memo they should be employing measures that go beyond pro forma earnings and consider the Financial Accounting Standards Board’s guidelines when formulating earnings estimates and ratings opinions.…
TANNERY RELOCATION
BY SWINEETHA DIAS WICKRAMANAYAKA
LEATHER exporters in West Bengal, India, fear that they will be forced to import tanned hides from other parts of the country, increasing their costs, because of a court order ruling that 231 tanneries in the state should have relocated to the new Calcutta tanning complex by the end of February.…