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Liquidators of BCCI plan to pay creditors

Article Abstract:

Bank of Credit and Commerce International's (BCCI) liquidators announced that they will pay an additional $1.2 billion (1.04 billion euros) to its creditors. The defunct bank reached a deal with its former employees.

Author: Pringle, David
Publisher: Dow Jones Publishing Co. (Europe)
Publication Name: Wall Street Journal. Europe
Subject: Business, international
ISSN: 0921-9986
Year: 2003
United Kingdom, Financial management, Banking industry, Company financing, Bank of Credit and Commerce International Ltd.

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Ericsson's loss widens on weak demand

Article Abstract:

Telefon AB L.M. Ericsson posted a 8.3 billion kroner loss in the 2002 fourth quarter, compared to 3.5 billion kroners in losses in the same 2001 period. Ericsson was hurt by weak demand.

Author: Pringle, David
Publisher: Dow Jones Publishing Co. (Europe)
Publication Name: Wall Street Journal. Europe
Subject: Business, international
ISSN: 0921-9986
Year: 2003
Sales, profits & dividends, Sweden, Telecommunications equipment industry, Company sales and earnings, Company earnings/profit, Telefonaktiebolaget LM Ericsson

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Subjects list: Finance
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