Profit Falls 16% At News Corp.
Date: 29 October 1999
By Bloomberg News
Bloomberg News
News Corp says its first-quarter profit fell 16 percent; profit fell to $165 million from $196 million in year earlier period; revenue fell 1.1 percent, to $3.16 billion from $3.19 billion (S)
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A War Over Words And Where They Go
Date: 30 October 1999
By Tina Kelley
Tina Kelley
Walter Damuck, East Haddam, Conn,l
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JUSTICE DEPARTMENT CHALLENGES VIASOFT DEAL
Date: 29 October 1999
By Bloomberg News
Bloomberg News
Justice Department says it will challenge Compuware Corp's proposed $168 million purchase of Year 2000 software maker Viasoft Inc, arguing transaction would mean higher prices for mainframe software; department says two companies are head-to-head competitors for mainframe testing (S)
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PRICEWATERHOUSECOOPERS TO TRIM 1,000 POSITIONS
Date: 29 October 1999
By Bloomberg News
Bloomberg News
Pricewaterhous eCoopers is cutting 1,000 support jobs in US to reduce costs as it plans to invest billions of dollars to expand services it offers; firm will dismiss 700 to 750 employees in US, and 250 jobs will be eliminated through attrition and hiring freeze already in place; cuts will save about $91 million (S)
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STORAGETEK WILL CUT AS MANY AS 1,750 JOBS
Date: 29 October 1999
By Bloomberg News
Bloomberg News
Storage Technology Corp, which is exploring possible sale, says it will cut as many as 1,750 jobs, or 20 percent, of its work force, after its third-quarter profit fell 91 percent; company, known as Storagetek, expects $150 million in annual savings from cuts; warns that it will miss earnings forecasts as customers delay purchases because of Year 2000 issues (S)
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GENERAL GROWTH PROPERTIES BUYS MALL IN HOUSTON
Date: 30 October 1999
By Bloomberg News
Bloomberg News
General Growth Properties Inc acquires Baybrook Mall in Houston, Tex, from Rreef USA Fund-III, pension fund, for $133 million and is considering joint venture to acquire half of another (S)
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CHURCH & DWIGHT TO BUY HOUSEHOLD-CLEANER BRANDS
Date: 29 October 1999
By Bloomberg News
Bloomberg News
Church & Dwight Co agrees to buy two bathroom-cleaner brands for $55 million to enter that market; will purchase Clean Shower brand from Clean Shower LP and Scrub Free brand from Benckiser Consumer Products (S)
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MOTOROLA MAKES DEAL TO INCREASE WIRELESS PRODUCTS
Date: 30 October 1999
By Bloomberg News
Bloomberg News
Motorola Inc acquires Software Corp of America; terms undisclosed (S)
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UNITRIN CONTINUING TO CUT ITS STAKE IN BAKER HUGHES
Date: 30 October 1999
By Bloomberg News
Bloomberg News
Unitrin Inc sells 2.8 million shares of Baker Hughes Inc for about $85 million, cutting its stake in company to under 5 percent (S)
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NEWELL RUBBERMAID ADDS UNIT OF MCKECHNIE OF BRITAIN
Date: 30 October 1999
By Bloomberg News
Bloomberg News
Newell Rubbermaid Inc buys consumer-goods unit of McKechnie PLC for $133.7 million (US) (S)
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