News Corp.'s Earnings Fell In 4th Quarter
Date: 19 August 1999
By Andrew Pollack
Andrew Pollack
News Corp's earnings before extraordinary item fell 20 percent in its fourth fiscal quarter; reports after-tax earnings of $214 million for three months ended June 30, down from $266 million in year-earlier quarter; revenue for quarter edged up to $3.27 billion from $3.24 billion in 1998; Fox Entertainment Group, which is 83 percent owned by News Corp, says net income in quarter ended June 30 jumped to $35 million from $3 million a year earlier; revenue increased more than 12 percent, to $1.97 billion from $1.75 billion (M)
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Political Briefing; Of Hay and Goats, And Feet in Mouths
Date: 19 August 1999
By B. Drummond Ayres Jr
B Drummond Ayres Jr, in Political Briefing column, notes that Sen Orrin G Hatch recently told convention of Utah Republicans that among many things party has to be proud of is that 'we don't have gays and lesbians with us'; notes that Sen Robert F Bennett told Standard-Examiner of Ogden, Utah, that Gov George W Bush had lock on Republican Presidential nomination unless some black woman comes forward with illegitimate child that he fathered (S)
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UNITED DOMINION IS ACQUIRING BRAN & LUEBBE OF GERMANY
Date: 20 August 1999
By Bloomberg News
Bloomberg News
United Dominion Industries Ltd agrees to buy Bran & Luebbe, a German metering-device company, for undisclosed price (S)
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CISCO SYSTEMS TO PAY $143 MILLION FOR MAXCOMM
Date: 19 August 1999
By Bloomberg News
Bloomberg News
Cisco Systems Inc agrees to buy Maxcomm Technologies Inc for $143 million in stock; Cisco says it paid $49 million for 4 percent stake in Akamai Technologies Inc (S)
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NEXTEL OFFERS $2.1 BILLION FOR RADIO SPECTRUM
Date: 20 August 1999
By Bloomberg News
Bloomberg News
Nextel Communications Inc is willing to pay at least $2.1 billion for radio spectrum owned by Nextwave Telecom Inc if it can reach agreements with Nextwave's creditors; Nextel says it would pay $1.59 billion in cash to resolve claims by Nextwave's largest creditor, Federal Communications Commission, on licenses; Nextel has offered to pay $400 million to $500 million to additional creditors; Nextwave filed for bankruptcy protection in June 1998 (S)
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NTL SAYS IT IS BUYING WORKPLACE TECHNOLOGIES OF BRITAIN
Date: 20 August 1999
By Bloomberg News
Bloomberg News
NTL Inc to acquire Workplace Technologies PLC for $130 million (US) (S)
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STATEN ISLAND BANCORP IS BUYING FIRST STATE BANCORP
Date: 20 August 1999
By Bloomberg News
Bloomberg News
Staten Island Bancorp Inc is buying First State Bancorp for $84 million in cash (S)
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WELSH, CARSON IS BUYING $150 MILLION OF QUORUM DEBT
Date: 20 August 1999
By Bloomberg News
Bloomberg News
Welsh, Carson, Anderson & Stowe agrees to buy $150 million in debt from Quorum Health Group Inc, investment that could more than double its stake in Quorum (S)
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CEL-SCI RECEIVES UNSOLICITED $124 MILLION BID
Date: 19 August 1999
By Bloomberg News
Bloomberg News
Cel-Sci Corp says it has received unsolicited cash offer of $124 million from unidentified persion in Argentina; Cel-Sci says it has been unsuccessful in trying to reach person who made offer and that it is unable to determine whether offer is legitimate (S)
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FINNISH PHONE COMPANY BUYS 9.1% STAKE IN POWERTEL
Date: 20 August 1999
By Bloomberg News
Bloomberg News
Sonera, Finland's top telephone company, has bought 9.1 percent stake in Powertel Inc, US cellular phone operator, for $123 million; it acquired stake from Ericsson AB (S)
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