Also
* Bank of America Corp. completed its $47-billion acquisition of FleetBoston Financial Corp., creating the nation’s No. 3 bank with assets estimated at $966 billion.
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* Microsoft Corp., which is counting on an update to its Windows operating system to boost sales, said the first test of that program, called Longhorn, will be delayed from a planned release this year.
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* Computer Associates International Inc., which forced out its chief financial officer last year because of a long-running federal accounting probe, named former top Hewlett-Packard Co. executive Jeff Clarke as its CFO.
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* Richard Parsons, the chief executive of Time Warner Inc., received a 50% hike in salary to $1.5 million and an $8-million cash bonus in 2003, the company said in a filing with securities regulators.
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* Procter & Gamble Co., which has been paring its food brands, agreed to sell Sunny Delight and Punica fruit drinks to private equity firm J.W. Childs Associates for an undisclosed price so it could focus on faster-growing products.
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* An outbreak of bird flu in southern Texas that shook commodity markets and U.S. poultry producers has been declared over.
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* A federal judge has ruled that Allstate Insurance Co. did not commit age discrimination in 2000 when it forced thousands of its agents to become private contractors.
