San Francisco Newspaper Can Be Sold, Judge Rules
Date: 28 July 2000
By Felicity Barringer
Felicity Barringer
Federal District Court Judge Vaughn R Walker rules that Hearst Corp's $660 million purchase of San Francisco Chronicle did not violate antitrust laws; decision paves way for Hearst to act on its plans to merge Chronicle and San Francisco Examiner newsrooms and to compete with area rivals like Knight Ridder's San Jose Mercury News (M)
Full Article
Russia Drops Criminal Inquiry Into Troublesome Press Tycoon
Date: 28 July 2000
By Michael Wines
Michael Wines
Russian prosecutors abruptly drop high-profile criminal inquiry into Valdimir Gusinsky, press tycoon whose Media-Most empire has been among government's sharpest critics; prosecutors offer no explanation for abandoning investigation, although as recently as three weeks ago they had insisted to Parliament that Gusinsky defrauded government of at least $10 million; it is notable that inquiry is halted just before meeting between many of Russia's wealthiest of most politically influential tycoons and Pres Vladimir V Putin, whose government has moved against several of them in tax evasion and criminal cases; photo (M)
Full Article
CABOT TO SELL STAKE IN MICROELECTRONICS UNIT
Date: 27 July 2000
By Bloomberg News
Bloomberg News
Cabot Corp will spin off its remaining 80.5 percent stake in Cabot Microelectronics Corp, producer of chemicals used in making computer chips (S)
Full Article
DELCO REMY WILL ELIMINATE 860 JOBS AS IT REORGANIZES
Date: 28 July 2000
By Bloomberg News
Bloomberg News
Delco Remy International, auto-parts maker, plans to eliminate 860 jobs, or 12 percent of its work force, and take $22 million charge in its fourth quarter to reorganize (S)
Full Article
DUPONT APPROVES $1.8 BILLION STOCK BUYBACK PROGRAM
Date: 27 July 2000
By Bloomberg News
Bloomberg News
E I du Pont de Nemours & Co is expanding its share repurchase program by $1.8 billion; second-quarter profits rise 7 percent, to $949 million (S)
Full Article
FRANKLIN RESOURCES UNIT BUYS FUND MANAGER IN CANADA
Date: 27 July 2000
By Bloomberg News
Bloomberg News
Franklin Resources Inc, mutual fund company, buys Bissett & Associates Investmenet Management Ltd of Calgary, Canada, for $95 million to expand in Canada (S)
Full Article
MCKESSON HBOC IS PLANNING $250 MILLION STOCK BUYBACK
Date: 28 July 2000
By Bloomberg News
Bloomberg News
McKesson HBOC plans to buy back as much as $250 million of common stock, which has fallen 22 percent in last year, representing 10.2 million shares (S)
Full Article
AMBANC HOLDING RAISES BID FOR COHOES TO $130 MILLION
Date: 28 July 2000
By Bloomberg News
Bloomberg News
Ambanc Holding Co raises its offer for Cohoes Bancorp to about $130 million and urges Cohoes shareholders to reject competing merger agreement with Hudson River Bancorp (S)
Full Article
FILM SERVICES CONCERN TO MAKE $125 MILLION ACQUISITION
Date: 27 July 2000
By Bloomberg News
Bloomberg News
Liberty Livewire Corp, provider of post-production services for film and television, agrees to buy Video Services Corp for about $125 million (S)
Full Article
SEVERN TRENT ENDS TALKS TO BUY WASTE MANAGEMENT UNIT
Date: 27 July 2000
By Bloomberg News
Bloomberg News
Severn Trent PLC ends talks to buy Swedish unit of Waste Management (S)
Full Article