News Helicopter Crashes in River Near Newark
Date: 04 December 1998
By Robert D. McFadden
Robert
WNBC-TV news helicopter goes down in murky waters of Passaic River in Newark, New Jersey; photo; pilot Terry Hawes and reporter Kai Simonson swim to safety (S)
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INTEL SHARES RISE ON FORECAST OF SALES INCREASE
Date: 05 December 1998
By Bloomberg News
Bloomberg News
Intel Corp shares rise 6 percent after company reiterates forecast that fourth-quarter sales will rise 8 to 10 percent from third quarter (S)
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A FORMER TOP CHRYSLER EXECUTIVE IS SET TO RETIRE
Date: 05 December 1998
By Bloomberg News
Bloomberg News
DaimlerChrysler AG says Dennis Pawley, who managed Chrysler Corp's worldwide manufacturing, will retire in Jan, first top executive to leave since Daimler-Benz's takeover of Chrysler (S)
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FAIRCHILD SAYS IT WILL BUY REMAINING 15% OF BANNER
Date: 04 December 1998
By Bloomberg News
Bloomberg News
Fairchild Corp to buy remaining 15 percent of Banner Aerospace Inc that it does not already own, for about $40 million in stock (S)
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CANADIAN INSURER IN $840 MILLION DEAL FOR TIG
Date: 04 December 1998
By Bloomberg News
Bloomberg News
TIG Holdings Inc, property and casualty insurer, says that it agreed to be acquired by Canadian insurer Fairfax Financial Holdings Ltd for about $840 million in cash (S)
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GLOBAL MARINE SAID TO SEEK MERGER PARTNERS
Date: 05 December 1998
By Bloomberg News
Bloomberg News
Global Marine Inc says it aggressively seeks merger partners in bid to remain profitable (S)s
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BACK BAY RESTAURANT TO CONVERT TO PRIVATE OWNERSHIP
Date: 04 December 1998
By Bloomberg News
Bloomberg News
Back Bay Restaurant Group of Boston, which owns 34 restaurants, agrees to be bought by SRC Holdings, formed by chief executive Charles F Sarkis; deal is part of conversion to private ownership (S)
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FORD AND MAZDA BEGIN PICKUP TRUCK EXPORTS IN THAILAND
Date: 05 December 1998
By Bloomberg News
Bloomberg News
Ford Motor Co and Mazda Motor Corp begin exporting pickup trucks from their Thai joint venture, Autoalliance (Thailand) Co; venture, originally aimed at Thai market, now plans to sell trucks to over 80 markets, excluding North America (S)1
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MYERS INDUSTRIES AGREES TO BUY UNIT OF SOMMER ALLIBERT
Date: 04 December 1998
By Bloomberg News
Bloomberg News
Myers Industries agrees to buy unit of Sommer Allibert SA of France for about $130 million in cash (S)
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ALLIANT FOODSERVICE SAYS IT WILL LAY OFF 1,200 WORKERS
Date: 04 December 1998
By Bloomberg News
Bloomberg News
Alliant Foodservice Inc, one of largest closely held United States food service distributors, says that it will lay off up to 1,200 workers, or 10 percent of its work force, in attempt to deliver food at 'lower costs and higher value' (S)
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