Schering-Plough (SGP ) sees second-half earnings per share lower than first-half levels, and sees 2004 earnings per share lower than 2003. The drugmaker will cut the 17 cents quarterly dividend to 55 cents. Also, Schering will eliminate bonuses, halt a staff profit-sharing payout, and reduce staff by more than 1,000. CIBC World downgraded.
To continue reading this article you must be a Bloomberg Professional Service Subscriber.
If you believe that you may have received this message in error please let us know.