Glaxo Shares Climb On News of Drug Trials
Date: 11 April 1997
By Bloomberg News
Bloomberg News
Glaxo Wellcome PLC's shares climb after it reports 'extremely encouraging' results from tests of new hepatitis B drug that analysts say could generate annual sales of $486 million (S)ï
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POLYSINDO PLANS TO INCREASE STAKE IN DYERSBURG
Date: 10 April 1997
By Bloomberg News
Bloomberg News
Dyersburg Corp says its controlling shareholders agreed to sell 23 percent stake in company to Hong Kong affiliate of P T Texmaco Jaya for $23 million in cash (S)
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TENET AND MEDPARTNERS TO FORM HEALTH CARE NETWORK
Date: 10 April 1997
By Bloomberg News
Bloomberg News
Tenet Healthcare Corp and Medpartners Inc agree to form health care network serving more than million people in Southern California (S)
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NBC TO OFFER INTERNET SITE GEARED TO LOCAL STATIONS
Date: 10 April 1997
By Bloomberg News
Bloomberg News
NBC says it will offer its 215 television stations an Internet site that features telephone directories, restaurant and real estate listings and other services geared to local areas; Infoseek Inc will sell advertising for site (S)
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LUCENT DEAL WITH BELL ATLANTIC WORTH UP TO $1 BILLION
Date: 11 April 1997
By Bloomberg News
Bloomberg News
Lucent Technologies Inc says Bell Atlantic Corp agreed to buy as much as $1 billion of phone equipment over five years as part of lawsuit settlement; on March 13, Bell Atlantic agreed to buy more Lucent equipment in exchange for dropping suit that accused AT&T Corp, parent of Lucent, of blocking transmission of caller-identification information over its phone network (S)
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FLORES & RUCKS SAID TO PLAN JOINT OIL VENTURE
Date: 10 April 1997
By Bloomberg News
Bloomberg News
Flores & Rucks Inc says it will soon disclose joint venture with major oil company to explore for oil in Gulf of Mexico (S)
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FEDERAL JUDGE REINSTATES LAWSUIT AGAINST PHILIP MORRIS
Date: 10 April 1997
By Bloomberg News
Bloomberg News
Federal Judge Michael B Mukasey reinstates shareholder lawsuit against Philip Morris Companies, saying recently disclosed company documents raise concerns about what cigarette maker knew about nicotine addiction (S)
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EVERGREEN MEDIA TO BUY 5 RADIO STATIONS AND SELL 3
Date: 11 April 1997
By Bloomberg News
Bloomberg News
Evergreen Media Corp buys five radio stations from Gannett Co for $340 million and sells three radio stations to Bonneville International Corp for $205 million; sale is to satisfy antitrust concerns stemming from its planned $2.58 billion acquisition of Chancellor Broadcasting Co; Evergreen acquires WGCI-AM and WGCI-FM in Chicago, KHKS-FM in Dallas and KKBQ-AM and KKBQ-FM in Houston; it is selling WPNT-FM and WLUP-FM in Chicago and KDFC-FM in San Francisco (S)
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1996 Earnings Rose 30% at Dresdner Bank
Date: 11 April 1997
By Bloomberg News
Bloomberg News
Germany's Dresdner Bank AG says its 1996 profit rose 30.7 percent; net income rose to 1.58 billion marks ($921 million) from 1.21 billion marks in 1995 (S)
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Dollar Falters Against Yen After Reaching 4 1/2-Year High
Date: 11 April 1997
By Bloomberg News
Bloomberg News
US dollar falls for first time in a week, tumbling from four-and-a-year high against Japanese yen, after three senior Japanese officials suggest that Japan might sell dollars to halt its rally (M)
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