Originally created 11/29/03

Business briefs



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Be generous during the holidays, but don't be naive.

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Please see stock listings on Pages 8-10D.


Woman faces charges

over faux purses

DALTON, Ga. - Police accused a woman of selling counterfeit purses at "purse parties" at her home, where she offered handbags bearing brand names such as Kate Spade, Prada and Coach.

Holly Stacy Hill, 34, of Cohutta, was charged with two counts of felony possession or resale of counterfeit goods and released on a $5,000 bond.

Ms. Hill admitted the purses were not made by the designer companies and said she wasn't trying to pass them off as real.

Samples of the purses were sent to the companies' offices in New York to make sure they were counterfeit.

PlayStation2 goes

on China's shelves

TOKYO - Sony Corp. will begin selling its PlayStation2 in China in December, taking the world's most popular video game console to the most populous country.

Sony plans a limited release of its PlayStation2 in five major Chinese cities - Beijing, Shanghai, Guangzhou, Shenzhen and Chengdu. The consoles are expected to be on store shelves starting Dec. 20.

Since it hit the market in Japan in March 2000, PlayStation2 has gone on sale in more than 130 countries worldwide and has sold more than 62 million consoles.

CEO's stock grab

pushes up price

KENILWORTH, N.J. - Schering-Plough Corp. said Friday that Chairman and Chief Executive Officer Fred Hassan has purchased almost $4.7 million worth of the company's common stock.

The move pushed shares of Schering-Plough up 69 cents, or 4.5 percent, to close at $15.98 Friday on the New York Stock Exchange.

Mr. Hassan, who bought 303,500 shares, took over as chief executive in April. In August, he said he wanted to acquire Schering-Plough stock because of his "long-term confidence in the company."

Euro reaches new

high against dollar

LONDON - The euro hit a new high against the U.S. dollar in European trading Friday.

The euro peaked at $1.2015, and was quoted at $1.1995 in late trading, up from $1.1901 late Thursday.

In New York midday Friday, the euro was at $1.1982.


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