Democracy Needs Many Voices
Date: 01 February 2001
By David Hoffman
David Hoffman
David Hoffman Op-Ed article urges Pres Bush and policymakers at State Department and Pentagon to put American support of uncensored news outlets, and unfettered access to Internet, at top of foreign policy agenda; says nothing raises more fear in repressive regimes than challenges to control of information; drawing (M)
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Bush Chad Joke Reaches Unintended Audience
Date: 01 February 2001
By Frank Bruni
Frank Bruni
Pres Bush jokingly tells group of Roman Catholic leaders that he would reward his brother's performance in delivering Florida vote by making him ambassador to Chad; Bush is unaware that microphone is turned on, and his joke reaches unintended audience--press corps in nearby room; this recalls incident during campaign when Bush uttered vulgarity about reporter near open mike (M)
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McDONALD'S TO ACQUIRE STAKE IN SANDWICH STORE CHAIN
Date: 01 February 2001
By Bloomberg News
Bloomberg News
McDonald's to acquire 33 percent stake in Pret A Manger; sandwich-store chain's founders and shareholders will keep majority ownership and management control (S)
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XEROX SAYS ACCOUNTING PROBLEM WAS LIMITED TO MEXICO
Date: 02 February 2001
By Bloomberg News
Bloomberg News
Xerox Corp says independent investigation has found that accounting irregularities in its Mexican subsidiary were limited to that country; problems of unpaid debt, which resulted in $120 million charge, prompted Securities and Exchange Commission probe (S)
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PEPSI BOTTLING SAYS IT IS BUYING CALIFORNIA BOTTLER
Date: 02 February 2001
By Bloomberg News
Bloomberg News
Pepsi Bottling Group plans to buy Pepsi-Cola Bottling of Northern California to expand its business in state; financial terms undisclosed (S)
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WASHINGTON POST UNIT IS BUYING 10 PAPERS IN MARYLAND
Date: 02 February 2001
By Bloomberg News
Bloomberg News
Washington Post Co says its Gazette unit acquired 10 Maryland newspapers and printing operations from Chesapeake Publishing Corp for undisclosed amount (S)
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CALIFORNIA PENSION FUND TO BUY STAKE IN CARLYLE GROUP
Date: 02 February 2001
By Bloomberg News
Bloomberg News
California Public Employees' Retirement System acquires 5 percent stake in Carlyle Group for $175 million; acquisition is part of agreement to invest up to $850 million with group, private equity firm (S)
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MGM AGREES TO BUY STAKE IN 4 CABLE CHANNELS
Date: 02 February 2001
By Bloomberg News
Bloomberg News
Metro-Goldwyn-Mayer Inc acquires 20 percent of Cablevision Systems Corp's channels American Movie Classics, Bravo, Independent Film Channel and We: Women's Entertainment for $825 million cash (S)
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PENTAIR CUTS 400 JOBS AT TOOL UNIT AND HEADQUARTERS
Date: 02 February 2001
By Bloomberg News
Bloomberg News
Pentair Inc, maker of power tools, says it has cut 400 jobs since end of third quarter and that its first-quarter earnings will be better than estimates; says 340 of jobs came from closing down production in last two weeks of December and first two weeks of January; also says it has cut half staff at its headquarters, closed executive offices in Minneapolis and moved operations to its offices in St Paul; says actions will save about $20 million annually (S)
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PITTSTON POSTS $220 MILLION LOSS AND CUTS 350 JOBS
Date: 02 February 2001
By Bloomberg News
Bloomberg News
Pittston Co cuts about 350 jobs from its BAX freight business; says job cuts are part of revamping to reduce capacity and costs at its air transportation business; reports loss of $220.4 million in fourth quarter compared with loss of $17.9 million year earlier (S)
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