Race, Reporters and Responsibility
Date: 17 December 1997
By Gay Talese
Gay Talese
Gay Talese Op-Ed article scores reporters who suggest that Latrell Sprewell was reacting to racism when he tried to choke P J Carlesimo, his white coach at Golden State Warriors, or that the punishment he received from team and National Basketball Association was tainted with racism; cartoon (M)
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Spano to Plead Guilty to Charges
Date: 17 December 1997
By Bloomberg News
Bloomberg News
Former New York Islanders owner John A Spano, in plea bargain agreement, to plead guilty to fraud charges rather than be charged with more serious crimes (S)
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WHITMAN, PREPARING FOR SPINOFFS, DECLARES DIVIDENDS
Date: 18 December 1997
By Bloomberg News
Bloomberg News
Board of Whitman Corp declares dividend of stock in Hussmann Corp and Midas International as part of planned spinoff of businesses as Whitman focuses on its Pepsi-Cola bottling operations (S)
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WINSTAR PLANS TO ACQUIRE BULK OF MIDCOM ASSETS
Date: 18 December 1997
By Bloomberg News
Bloomberg News
Winstar Communications Inc agrees to buy most of assets of Midcom Communications Inc for $92 million in cash; agreement must be approved by bankruptcy court where Midcom filed for Chapter 11 protection on Nov 7 (S)
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ITEQ IN DEAL FOR MATRIX, AN OILFIELD SERVICES COMPANY
Date: 18 December 1997
By Bloomberg News
Bloomberg News
Iteq Inc says it agreed to buy Matrix Service Co for about $95 million in cash and stock (S)
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UNIVERSAL HEALTH SERVICES TO EXPAND INTO PUERTO RICO
Date: 17 December 1997
By Bloomberg News
Bloomberg News
Universal Health Services Inc to acquire Hospital San Pablo Inc and chain of hospitals owned by that company; deal is valued at $100 million (S)
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LINCOLN NATIONAL TO TAKE CHARGE FOR LOSSES IN BRITAIN
Date: 17 December 1997
By Bloomberg News
Bloomberg News
Lincoln National Corp will take $287 million after-tax charge in fourth quarter to cover pension sales practices liabilities and reinsurance losses in Britain (S)
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DONNELLEY TO TAKE TWO CHARGES TOTALING $103 MILLION
Date: 17 December 1997
By Bloomberg News
Bloomberg News
R R Donnelley & Sons Co will take two fourth-quarter charges totaling $103 million (S)
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S.E.C. Examines Insider Trading at Oxford
Date: 18 December 1997
By Bloomberg News
Bloomberg News
Oxford Health Plans Inc says Securities and Exchange Commission has requested documents in connection with at least $38 million of Oxford's shares sold by insiders months before stock plummeted from near-record highs; Oxford's chairman, Stephen F Wiggins, calls this 'customary document review' of company files backing up insider sales by SEC officials; matter has also drawn attention of New York Attorney General's office and lawyers for investors; at least 13 investors have accused Wiggins and other Oxford executives of withholding news about problems to prop up stock price while they sold large blocks of shares (M)
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Host Marriott Acquisition
Date: 18 December 1997
By Bloomberg News
Bloomberg News
Host Marriott Corp says it will buy Coronado Island Le Meridien in Coronado, Calif, for $54.4 million; hotel will be renamed Coronado Island Marriott Resort and be managed by Marriott International Inc (S)
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