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Author Archives: Jessica Perry

AHP’s Insomnia Drug Wins FDA Approval

Title: AHP”s Insomnia Drug Wins FDA Approval Author: From Website Story: Madison-based American Home Products, which has been plagued by lawsuits over its fen-phen diet drug combination, yesterday won the U.S. Food and Drug Administration”s approval for its insomnia drug, Sonata. The first in a new class of sleeping pills, Sonata isn”t associated with withdrawal symptoms common in patients who ...

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Harrah’s Offers to Buy Players International for 425 Million

Title: Harrah”s Offers to Buy Players International for $425 Million Author: From Website Story: Harrah”s Entertainment, the second-largest U.S. casino company based in Memphis, Tennessee, yesterday agreed to acquire Atlantic City-based Players International for $425 million. Harrah”s will pay $8.50 a share in cash for Players, and assume $150 million in debt. The offer is a 30% premium to Players” ...

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IBS Interactive Revenues Up 40

Title: IBS Interactive Revenues Up 40% Author: From Website Story: Cedar Knolls-based IBS Interactive (Nasdaq: IBSX), a provider of Internet and information technology consulting, training and networking services, Internet connectivity services and Internet programming and application development services, today reported a 40% increase in revenues for the second quarter ended June 30. Revenues for the three-month period rose to $4.74 ...

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Enron Sells 49 Stake in Three NJ Plants to El Paso Energy

Title: Enron Sells 49% Stake in Three NJ Plants to El Paso Energy Author: From Website Story: Enron, a Houston-based energy trading and marketing company, on Friday sold a 49% stake in three New Jersey power plants to El Paso Energy, also of Houston, for an undisclosed price. Enron bought the plants in February from closely held Cogen Technologies for ...

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Lucent to Buy Internet Access Router Maker for 246 Million

Title: Lucent to Buy Internet Access Router Maker for $246 Million Author: From Website Story: Murray Hill-based Lucent Technologies (NYSE: LU) on Friday agreed to acquire Xedia, a privately held developer of high performance Internet access routers for wide area networks based in Acton, Massachusetts, for about 3.86 million shares of Lucent common stock. Based on Lucent”s closing share price ...

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Merck Accused of Infringing Filter Monitor Patent

Title: Merck Accused of Infringing Filter Monitor Patent Author: From Website Story: Merck, the Whitehouse Station-based drugmaker, has been sued by Thokon, a Pennsylvania company, for infringing a U.S. patent for an industrial filter testing system that Thokon claims as its own. In a suit filed in U.S. District Court in Philadelphia last week, Blue Bell, Pennsylvania-based Thokon says it ...

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Merck Accused of Infringing Filter Monitor Patent

Title: Merck Accused of Infringing Filter Monitor Patent Author: From Website Story: Merck, the Whitehouse Station-based drugmaker, has been sued by Thokon, a Pennsylvania company, for infringing a U.S. patent for an industrial filter testing system that Thokon claims as its own. In a suit filed in U.S. District Court in Philadelphia last week, Blue Bell, Pennsylvania-based Thokon says it ...

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Life Medical Sciences Seeks Fresh Financing

Title: Life Medical Sciences Seeks Fresh Financing Author: From Website Story: Edison-based Life Medical Sciences (OTC Bulletin Board: CHAI) is in discussions to attract new financing. “I am very encouraged by the level of interest expressed by several potential corporate partners and with the progress of these negotiations,” said Robert Hickey, CEO, while announcing the company”s second-quarter and first-half results ...

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Journal Register Acquires Hometown Newspapers

Title: Journal Register Acquires Hometown Newspapers Author: From Website Story: Trenton-based Journal Register (NYSE: JRC) on Friday signed an agreement to acquire Hometown Newspapers in West Warwick, Rhode Island, including the Kent County Daily Times and the weekly Spectator. Located in West Warwick, the six-day Kent County Daily Times with its 5,000 paid daily circulation has served Kent County since ...

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Ingersoll-Rand May Sell Stakes in Joint Ventures

Title: Ingersoll-Rand May Sell Stakes in Joint Ventures Author: From Website Story: Woodcliff Lake-based Ingersoll-Rand, a maker of construction and industrial machinery, has offered to sell stakes in Dresser-Rand and Ingersoll-Dresser Pump to joint-venture partner, Halliburton, for $920 million. Dallas-based Halliburton, the world”s largest oil-service company, said it hasn”t decided whether to buy out Ingersoll-Rand or try to negotiate a ...

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East Brunswick’s Blackstone Acquired by BSL Holdings

Title: East Brunswick”s Blackstone Acquired by BSL Holdings Author: From Website Story: Blackstone Company of East Brunswick has been acquired by BSL Holdings of Dallas, Texas. The acquisition represents BSL”s sixth in the last two months. Blackstone is a building products distributor to homebuilders and contractors in the Northeast. The company, which has over 350 employees, not only distributes lumber, ...

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IDT, Spain’s Telefonica in Phone, Internet Venture

Title: IDT, Spain”s Telefonica in Phone, Internet Venture Author: From Website Story: IDT, a Hackensack-based prepaid phone card and Internet company, and Telefonica, Spain”s former phone monopoly, on Thursday agreed to form a venture to market telephone and Web services to 30 million Spanish speakers in the U.S. As per an agreement reached yesterday, IDT will also buy 10% of ...

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