World Business Briefing | Europe: Britain: News Consortium
Date: 01 August 2001
By Suzanne Kapner (NYT)
Suzanne NYT
Consortium that includes British Sky Broadcasting,CBS and Bloomberg News reports bidding on four-year contract to supply news to British television network ITV; ITN, present supplier, bids to renew pact; is owned by Carlton Communications and Granada, main ITV shareholders (S)
Full Article
Florida Gives Computers in November Election to News Groups for Inspection
Date: 02 August 2001
By Dana Canedy
Dana Canedy
Katherine Harris, Florida secretary of state, turns over four computer hard drives used to draft correspondence during 2000 presidential race for inspection by news organizations to determine if any records were destroyed during election stalemate in state last November; in permitting inspection, Harris reverses two earlier decisions in which her office denied access to computers and later agreed to permit inspection of only two of four computers; she now says she is permitting examination to assure public that her office has maintained and released all public records and because of 'historical importance' (M)
Full Article
BERKSHIRE HATHAWAY TO ACQUIRE XTRA
Date: 01 August 2001
By Bloomberg News
Bloomberg News
Berkshire Hathaway Inc, investment vehicle of Warren E Buffett, agrees to buy Xtra Corp, container leasing company, for about $590 million (S)
Full Article
ENGELHARD WILL ELIMINATE JOBS AND TAKE A CHARGE
Date: 01 August 2001
By Bloomberg News
Bloomberg News
Engelhard Corp, maker of catalysts that reduce emissions from vehicles and industrial processes, will cut 200 jobs, mostly in Georgia, as part of plan to increase its petroleum-refining catalyst business (S)
Full Article
VIACOM IS COMBINING 2 OUTDOOR ADVERTISING DIVISIONS
Date: 02 August 2001
By Bloomberg News
Bloomberg News
Viacom forms new unit, Viacom Outdoor Group, by combining two advertising divisions of its Infinity Broadcasting Corp (S)
Full Article
PHELPS DODGE IS EXPECTING THIRD CONSECUTIVE LOSS
Date: 01 August 2001
By Bloomberg News
Bloomberg News
Phelps Dodge Corp expects loss of $1.10 to $1.20 a share in third quarter because of weakening copper demand (S)
Full Article
ABBOTT ASKS FOR FORMAL APPROVAL OF THYROID DRUG
Date: 02 August 2001
By Bloomberg News
Bloomberg News
Abbott Laboratories asks Food and Drug Administration for formal approval of its Synthroid thyroid drug, one of most widely prescribed medicines, after more than 40 years of sales (S)
Full Article
RESTATEMENT BY PRE-PAID LEGAL REDUCES EARNINGS
Date: 01 August 2001
By Bloomberg News
Bloomberg News
Pre-Paid Legal Services restates financial statements for last two years, wiping out more than half its profit, after Securities and Exchange Commission says provider of legal insurance improperly recorded some commissions paid as assets (S)
Full Article
ROYAL BANK OF CANADA IS BUYING TUCKER ANTHONY SUTRO
Date: 02 August 2001
By Bloomberg News
Bloomberg News
Royal Bank of Canada agrees to buy Tucker Anthony Sutro Corp for $625 million in cash, its second purchase this year of US brokerage firm (S)
Full Article
USX BOARD APPROVES PLAN TO SPLIT INTO 2 BUSINESSES
Date: 01 August 2001
By Bloomberg News
Bloomberg News
USX Corp's board approves restructuring plan that will divide its US Steel and Marathon Oil businesses into two separate companies (S)
Full Article