revised its fourth-quarter net figure to a loss of 31 cents a share from its previously reported profit of 66 cents to include a $637 million charge from an Oklahoma suit involving
. Income for 1998 was reduced to $2.04 a share. Excluding these special items, operating earnings for 1998 were not affected.
International Monetary Fund
said it expects Monday to recommend that its board restart a stalled lending program to Brazil. The country's finance minister, Pedro Malan, said renewed loans would help restore confidence in Latin America's biggest economy.
In other postclose news (earnings estimates from
; earnings reported on a diluted basis unless otherwise specified):
Earnings/revenue reports and previews
reported its February load factor fell 0.6% to 69.4%.
Mergers, acquisitions and joint ventures
Iowa's utilities board approved the planned $4 billion merger between
Pacific Gas & Electric
, a unit of
, said it will cut its electricity rates by March 31, 2002.