To Fight Sect, China Publicizes a Public Burning
Date: 31 January 2001
By Erik Eckholm
Erik Eckholm
Chinese authorities broadcast grisly police videos of five members of Falun Gong setting themselves on fire in Tiananmen Square in Beijing on Jan 23 and issue new condemnations of the spiritual movement; disclose that one of badly burned people was 12-year-old daughter of woman who died in flames; are clearly aiming to stir up public outrage against Falun Gong and its leader, Li Hongzhi, who lives in US; Falun Gong spokesman in New York questions whether protesters were genuine members of movement, but official Chinese accounts appear to offer detailed evidence that protest was undertaken by ardent Falun Gong believers who had plotted it together; photo (M)
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A Grisly Mystery in Ukraine Leads to a Government Crisis
Date: 30 January 2001
By Patrick E. Tyler
Patrick Tyler
Political stability in Ukraine is threatened by growing crisis involving Pres Leonid D Kuchma and adbuction and possible murder of journalist Georgy Gongadze; scandal sets off anti-Kuchma demonstrations in dozens of cities, as well as counter demonstrations by state workers ordered into streets or bused to pro-Kuchma rallies; is touched off by discovery of headless body, believed to be Gongadze's, and release of secret recordings made under Kuchma's couch by security agent in which Kuchma appears to order Gongadze's abduction or worse; has touched off fractious brawl in Parliament, where Kuchma's political majority has been upended by defections and formation of new centrist opposition; photo (M)
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CANADIAN RAILWAY TO BUY WISCONSIN CENTRAL
Date: 31 January 2001
By Bloomberg News
Bloomberg News
Canadian National Railway Co agrees to buy Wisconsin Central Transportation Corp for $800 million; purchase will connect Wisconsin Central's 2,850 miles of track in Midwest with Canadian National's 15,000 miles, which run across Canada and south to New Orleans (S)
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EDSTROM, BAUSCH & LOMB EXECUTIVE, RESIGNS
Date: 30 January 2001
By Bloomberg News
Bloomberg News
Hakan Edstrom resigns as president of Americas division of Bausch & Lomb (S)
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GOLDMAN SACHS AGREES TO BUY MARKET MAKER
Date: 30 January 2001
By Bloomberg News
Bloomberg News
Goldman Sachs Group agrees to buy Benjamin Jacobson & Sons LLC for about $250 million in cash and stock to expand its floor-trading operation on New York Stock Exchange (S)
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CONTAINER MAKER TO CLOSE PLANTS AND ELIMINATE JOBS
Date: 31 January 2001
By Bloomberg News
Bloomberg News
Sonoco Products Co, which makes containers for food and consumer products, plans to cut 487 jobs, or 3 percent of its work force, and close some plants to reduce costs (S)
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SOVEREIGN TO SELL 18 OFFICES TO FULTON FINANCIAL
Date: 30 January 2001
By Bloomberg News
Bloomberg News
Sovereign Bancorp sells 18 offices in Delaware, southern New Jersey and Pennsylvania to Fulton Financial Corp (S)
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COURT LETS ICAHN'S OFFER FOR RELIANCE DEBT PROCEED
Date: 31 January 2001
By Bloomberg News
Bloomberg News
US Appeals Court rules financier Carl C Icahn's tender offer for senior ntoes of Reliance Group Holdings can go forward; refuses to extend order that blocked Icahn from buying more bonds of troubled insurance company (S)
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PITNEY BOWES ISSUES EARNINGS WARNING AND WILL CUT JOBS
Date: 31 January 2001
By Bloomberg News
Bloomberg News
Pitney Bowes, which makes postage meters, will eliminate 700 to 800 jobs and reduce its first-quarter and 2001 profit projections because country's economic expansion is slowing and company's technology is changing; company reports earnings of $148 million in fourth quarter, down from $178 million year earlier (S)
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WESTPOINT STEVENS TO CLOSE PLANT AND CUT 468 JOBS
Date: 30 January 2001
By Bloomberg News
Bloomberg News
WestPoint Stevens Inc, leading maker of bedding and towels, will close plant in Seneca, SC, and cut 468 jobs as it consolidates manufacturing to reduce costs (S)
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