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DECEMBER 29, 2003
"A Painful Recovery For Aetna" (People, Dec. 8, 2003) "A painful recovery for Aetna" (People, Dec. 8) noted that the insurer was phasing out coverage for its retirees by 2005. To clarify, Aetna (AET ) says the subsidy for future retirees will diminish at that point and disappear in 2007. It will not affect existing retirees. "Corporate Giving" ("America's Top Givers" Cover Story, Dec. 1, 2003) In the graphic "Corporate giving" ("America's top givers," Cover Story, Dec. 1), Nike Inc. (NKE ) inadvertently reported its fiscal year 2002 monetary gifts as $29.6 million. The company says it gave $10.2 million. For an updated list of the most generous corporate givers, please click here.   "A Bush In Hand Is Worth...A Lot" (Asian Business, Dec. 15, 2003) "A Bush in hand is worth...a lot" (Asian Business, Dec. 15) says that Grace Semiconductor Manufacturing Corp. co-founder Jiang Mianheng has a PhD in physics. The degree is in electrical engineering. "One Sizzling Chinese IPO" (In Biz This Week, Dec. 22, 2003) "One Sizzling Chinese IPO" (In Biz This Week, Dec. 22) incorrectly said the 89% first-day runup in the stock of Ctrip.com International Ltd., which went public on Dec. 9, was the largest such gain since the initial public offering of Nassda Corp. in December, 2001. The correct information is that Ctrip's first-day trading gain was the largest since the 115% gain by Transmeta Corp., following its November, 2000, IPO. Nassda shares rose 40% in first-day trading. "Al's Bumpy Road To Cable Access" (Up Front, Dec. 8, 2003) In the print version of "Al's bumpy road to cable access" (Up Front, Dec. 8), it should have said that Barry Diller's preferred shares of Universal pay $63 million in dividends annually, not interest.
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