CNN Retracts Report That U.S. Used Nerve Gas
Date: 03 July 1998
By Robin Pogrebin and Felicity Barringer
Robin Pogrebin
Cable News Network executives retract network's report that United States military used lethal sarin nerve gas in a secret 1970 mission in Laos, code-named Operation Tailwind, with intention of killing American defectors; retraction, broadcast and accompanied by apology, is based on independent assessment of evidence by Floyd Abrams at CNN's request; Time, which published slightly modified version of story a day after the broadcast, also makes retraction and an apology; Peter Arnett, perhaps CNN's most prominent correspondent, is reportedly reprimanded for his work on story; April Oliver and her colleague Jack Smith, producers who had led eight-month reporting effort, refuse to resign and are dismissed; Pamela Hill, senior executive producer of Newsstand, program that carried story, resigns; text of apology by Tom Johnson, CNN News Group chairman; photo (L)
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Producer of Retracted CNN Report Defends Story, but Critics Fault Her Style
Date: 04 July 1998
By Felicity Barringer
Felicity Barringer
Journalist April Oliver defends her report that US used nerve gas against American defectors in Laos during Vietnam War, story that was later retracted by CNN and Time magazine and led to Oliver's dismissal by CNN; Oliver stands by her reporting, and blames her superiors for not allowing enough broadcast time for complete coverage; some colleagues say she might have been better served not by more time but by a less committed and dogged approach; photo (M)
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Highlights of Report on Inquiry Into CNN Broadcast
Date: 03 July 1998
Highlights of investigative report by Floyd Abrams into CNN's broadcast Valley of Death, which CNN retracted in response to Abrams's findings that each of broadcast's five 'pillars' was flawed (M)
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The CNN-Time Retraction
Date: 03 July 1998
Editorial on CNN-Time retraction of their collaborative report charging that America secretly used nerve gas on mission designed to kill defectors during Vietnam War; notes investigator Floyd Abrams's conclusion that there was no evidence to support such charges; expects that such an embarrassing episode for CNN and Time will inject healthy note of caution regarding future reports
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THOMAS & BETTS IN DEAL FOR TELECOMMUNICATIONS DEVICES
Date: 03 July 1998
By Bloomberg News
Bloomberg News
Thomas & Betts Corp says it will buy closely held Telecommunications Devices Inc for about $74.4 million in stock (S)
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LEUCADIA TO SELL A 25% INTEREST IN ARGENTINE INSURER
Date: 03 July 1998
By Bloomberg News
Bloomberg News
Leucadia National Corp, investment holding company, agrees to sell 25 percent interest in privately held Argentine insurance company Caja de Ahorro y Seguro SA for $140 million (S)
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CRESCENT TO PAY $548 MILLION FOR 4 OFFICE BUILDINGS
Date: 03 July 1998
By Bloomberg News
Bloomberg News
Crescent Real Estate Equities Inc, led by billionaire investor Richard Rainwater, says that it agreed to buy four office buildings for $548 million, extending its position as one of largest United States office owners (S)
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FIRST BRANDS TO ACQUIRE 2 PRODUCT LINES FROM COLGATE
Date: 03 July 1998
By Bloomberg News
Bloomberg News
First Brands Corp agrees to buy Handi-Wipes re-usable cleaning cloths and Wash'n Dri premoistened towelettes from Colgate-Palmolive Co for undisclosed price (S)
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Citibank Plans for Japan
Date: 04 July 1998
By Bloomberg News
Bloomberg News
Citibank NA, Japan unit of Citicorp, says it will increase branches in Japan to 30 from 19 within one year (S)
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McDonald's Japan Drive
Date: 04 July 1998
By Bloomberg News
Bloomberg News
McDonald's Corp to sell hamburgers in Japan for half usual price for 11 days this summer to try to improve sales in country by 20 percent; price of 65 yen (47 US cents) is lowest ever for McDonald's hamburger in Japan (S)
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