News Corporation Profit Down by 26%
Date: 10 February 2000
By Bloomberg News
Bloomberg News
News Corp says profit fell 26 percent in its second quarter on lower movie sales and losses at British Sky Broadcasting, in which it owns 40 percent stake; profit fell to $252 million from $339 million a year earlier; revenue fell to $3.86 billion from $4.06 billion in period (S)
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F.B.I. Releases File on Murray Kempton, Whose Columns Angered Hoover
Date: 10 February 2000
By Alex Kuczynski
Alex Kuczynski
FBI releases file it had kept on late newspaper columnist Murray Kempton from early 1950's to late 1960's; file had been ordered by then FBI Director J Edgar Hoover; contents of file noted; photo (M)
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Video Tells Little About Russian Reporter's Fate
Date: 10 February 2000
By Celestine Bohlen
Celestine Bohlen
Sharip Yusupov, representitive of Chechen Pres Aslan Maskhadov, says Andrei Babitsky, missing Russian reporter for Radio Liberty, is being held by rebel commanders in Chechnya until he can be taken to another country; photo (M)
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FOAMEX DISCUSSES ACQUISITION WITH INVESTMENT GROUP
Date: 10 February 2000
By Bloomberg News
Bloomberg News
Foamex International Inc is in talks to be acquired by group that includes its chief executive, John Johnson Jr; company's market value is about $230 million; Foamex says potential all-cash sale is tied to last year's bankruptcy of its largest shareholder, Trace International Holdings (S)
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LANDRY'S SEAFOOD RESTAURANTS TO BUY RAINFOREST CAFE
Date: 10 February 2000
By Bloomberg News
Bloomberg News
Landry's Seafood Restaurants Inc acquires Rainforest Cafe Inc for $125 million in stock and cash (S)
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DRUGMAKER HIRES FIRM TO ADVISE IT ON STRATEGIC OPTIONS
Date: 10 February 2000
By Bloomberg News
Bloomberg News
Liposome Co, struggling to get Food and Drug Administration approval for its cancer drug Evacet, hires investment firm Warburg Dillon Read for advice on strategic alternatives, including mergers (S)
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TRUCKING COMPANY'S STOCK FALLS WITH BUYOUT DEAL OFF
Date: 10 February 2000
By Bloomberg News
Bloomberg News
Shares of Transport Corp of America Inc fall after company says fourth-quarter profit declined more than forecast and USFreightways Corp scraps plan to buy company for $132.7 million in stock; Transport stock drops $5.625, to $9.4375 (S)
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RUSSELL SAYS IT WILL ELIMINATE 800 MORE JOBS IN U.S.
Date: 11 February 2000
By Bloomberg News
Bloomberg News
Russell Corp, maker of Russell Athletic sportswear, is cutting 800 more jobs in United States as part of its plan to move more than 90 percent of its assembly plants to Honduras and Mexico by the end of the year; company has eliminated 4,241 US jobs over last 18 months (S)
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GOLF COURSE OWNER HIRES ADVISER TO STUDY ALTERNATIVES
Date: 10 February 2000
By Bloomberg News
Bloomberg News
Golf Trust of America Inc hires Banc of America Securities to review its 'strategic alternatives'; move by Golf Trust comes less than two weeks after Schooner Capital LLC, which owns 8.8 percent stake in Golf Trust, said it had talked with company's management about taking it private (S)
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SUNSOURCE SAYS IT IS SELLING MAJORITY STAKE IN TWO UNITS
Date: 11 February 2000
By Bloomberg News
Bloomberg News
SunSource Inc to will sell majority stake in its repair-parts units to affiliates of Glencoe Capital LLC for $105 million in cash to raise money for an acquisition; to contribute Kar Products Inc and A&H Bolt and Nut to GC Sun Holdings LP, partnership with Glencoe, in exchange for the cash and 49 percent stake; affiliates of Glencoe will hold the rest (S)
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