Journalism Goes Hollywood, and Hollywood Is Reading
Date: 10 July 1998
By James Sterngold
James Sterngold
Tina Brown's announcement that she is quitting as editor of The New Yorker to develop magazine, television shows and movies with Miramax Films unit of Walt Disney Co, puts her in middle of one of hottest fashions in media industry: melding of journalism and Hollywood; Peter Bart, editor of Daily Variety, calls magazine articles 'the source du jour for movies'; situation has heightened concerns about how need to generate movie ideas has potential to warp journalistic principles and to create conflicts of interest within media conglomerates; there have been allegations, usually denied, that entertainment companies like Disney and Time Warner have used publications they own to promote films or other projects produced by their studios (M)
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TEAMSTERS TOLD THAT PROMISED JOBS ARE HALTED
Date: 11 July 1998
By Bloomberg News
Bloomberg News
United Parcel Service of America Inc tells teamsters' union it will not create 2,000 full-time jobs as promised in accord that settled national strike last year because number of package deliveries has not returned to pre-strike levels (S)
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CRESCENT AND RECKSON IN JOINT VENTURE FOR TOWER
Date: 10 July 1998
By Bloomberg News
Bloomberg News
Crescent Real Estate Equities Co, led by billionaire investor Richard Rainwater, and Reckson Associates Realty Corp agree to buy Tower Realty Trust for $445 million (S)
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LAIDLAW IS PLANNING TO DISMISS 700 EMPLOYEES
Date: 11 July 1998
By Bloomberg News
Bloomberg News
Laidlaw Inc to dismiss 700 employees of its American Medical Response Inc unit, about 3 percent of staff, by end of Aug to cut costs (S)
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SOFTBANK OF JAPAN IN $400 MILLION ON-LINE DEAL
Date: 11 July 1998
By Bloomberg News
Bloomberg News
Softbank Corp acquires 27.2 percent of E*Trade Group Inc for $400 million (S)
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SUNBEAM GRANTED MORE TIME ON LOANS BY LENDERS
Date: 11 July 1998
By Bloomberg News
Bloomberg News
Sunbeam Corp reaches accord with lenders to avert default on $1.7 billion in loans until at least end of year (S)
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SCOTTS AGREES TO PURCHASE OF RHONE-POULENC UNIT
Date: 11 July 1998
By Bloomberg News
Bloomberg News
Scotts Co to buy Rhone-Poulenc SA's law and garden unit, Rhone-Poulenc Jardin, and ASEF for total of about $220 million (S)
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WELLPOINT HEALTH TO PAY $500 MILLION FOR CERULEAN
Date: 10 July 1998
By Bloomberg News
Bloomberg News
Wellpoint Health Networks Inc to buy Cerulean Companies for about $500 million in stock and cash; Cerulean is parent of Blue Cross and Blue Shield of Georgia (S)
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DELUXE ENDS AGREEMENT TO SELL TWO OF ITS BUSINESSES
Date: 10 July 1998
By Bloomberg News
Bloomberg News
Deluxe Corp ends agreement to sell its Paperdirect Inc and Social Expressions component of Current Inc to private investor, because some conditions were not met (S)
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NOVACARE CONSIDERS SPINNING OFF AT LEAST ONE BUSINESS
Date: 10 July 1998
By Bloomberg News
Bloomberg News
Novacare Inc hires Salomon Smith Barney and Wasserstein Perella & Co to look at spinning off one or more of its businesses (S)
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