Court Supports Transmission Of Sports Data
Date: 31 January 1997
By Lawrie Mifflin
Lawrie Mifflin
Federal appeals court rules, 3-to-0, that National Basketball Assn may not stop Motorola Inc and sports statistics-gathering company from transmitting continuously updated scores of NBA games on hand-held pager that Motorola sells; decision reverses ruling by lower court judge who had concluded that NBA's commercial property was being misappropriated by Motorola and Sports Team Analysis and Tracking Systems, known as Stats Inc; defendants' winning argument was that pager-like gadget, called Sportstrax, was merely relaying factual information already in the public domain; court's ruling has broader implications: because Stats Inc also has America Online site where users can view same game information, ruling could also protect news information transmitted via on-line services; because of First Amendment implications of case, news organizations had filed friend-of-the-court briefs supporting the defendants (M)
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INTUIT TO ACQUIRE JAPANESE SOFTWARE DEVELOPER
Date: 31 January 1997
By Bloomberg News
Bloomberg News
Intuit Inc says it agreed to acquire Nihon Micon KK for $39 million (S)
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MARTIN MARIETTA TO BUY CSR AMERICA UNIT
Date: 31 January 1997
By Bloomberg News
Bloomberg News
Martin Marietta Materials Inc says it agreed to buy American Aggregates Corp unit of CSR America Inc for $235 million in cash and debt (S)
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SUMMIT TECHNOLOGY TO RID ITSELF OF VISION CENTERS
Date: 31 January 1997
By Bloomberg News
Bloomberg News
Summit Technology Inc says it will sell or spin off its money-losing Summit Vision Centers (S)
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NEWELL TO BUY COOPER'S DRAPERY DIVISION
Date: 31 January 1997
By Bloomberg News
Bloomberg News
Newell Co says it agreed to buy Cooper Industries' Kirsch drapery division for undisclosed price (S)
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MOBILEMEDIA FILES FOR CHAPTER 11 PROTECTION
Date: 31 January 1997
By Bloomberg News
Bloomberg News
Mobilemedia Communications Inc files for Chapter 11 protection and seeks court permission to pay important suppliers' claims, which it needs to operate mormally (S)
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Alcatel Expects Rebound After Record Loss in '95
Date: 31 January 1997
By Bloomberg News
Bloomberg News
Alcatel Alsthom says it expects to report profit of $450 million for 1996, rebounding from largest loss in French corporate history in 1995 (S)
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French Oil Giant Reports Large Profit Rise
Date: 30 January 1997
By Bloomberg News
Bloomberg News
Total SA posts 1996 net income of 5.6 billion francs ($1 billion), up from 3.7 billion francs after taxes and before one-time charges in 1995 (S)
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Tele Danmark Planning Big Cuts in Work Force
Date: 30 January 1997
By Bloomberg News
Bloomberg News
Tele Danmark AS plans to reorganize and dismiss 2,500 workers by mid-1998; plans to recruit 500 other workers, for total cut of about 12 percent of work force (S)
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Amphenol Agrees to Fee if Deal Fails
Date: 31 January 1997
By Bloomberg News
Bloomberg News
Amphenol Corp agrees to pay Kohlberg Kravis Roberts & Company $37.5 million if proposed $1.05 billion leveraged buyout of Amphenol by Kohlberg Kravis fails; penalty would be set off if Kohlberg Kravis's acquisition was not completed by June 30, if Amphenol shareholders voted against it, or if another buyer purchased more than 20 percent of Amphenol's stock (S)
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