AOL Selects Time Executive To Take Over As CNN Chief
Date: 10 July 2001
BY Jim Rutenberg
Jim Rutenberg
Walter Isaacson, editorial director of Time Inc. and one-time managing editor of Time magazine, is named chairman and chief executive of Cable News Network; appointment comes less than two weeks after sudden resignation of Tom Johnson; photo (M)
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SILICON GRAPHICS POSTS A LOSS, AND AN EXECUTIVE RESIGNS
Date: 10 July 2001
By Bloomberg News
Bloomberg News
Silicon Graphics says it had fiscal fourth-quarter loss of as much as $80 million and its chief financial officer Hal Covert resigned; Covert will be succeeded by controller Jeffrey Zellmer (S)
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GAMBLING COMPANIES MERGE IN $1.36 BILLION DEAL
Date: 10 July 2001
By Bloomberg News
Bloomberg News
International Game Technology, large manufacturer of slot machines, acquires Anchor Gaming in $1.1 billion stock swap (S)
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LTV SAYS IT HAS REACHED AGREEMENT WITH STEELWORKERS
Date: 10 July 2001
By Bloomberg News
Bloomberg News
LTV reaches labor agreement with United Steelworkers of America that will help company avoid liquidation; under tentative agreement, which is to expire in 2006, LTV will lay off 1,300 workers, halt some raises, reduce costs for pension and health benefits and make employees part owners of company (S)
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XEROX ELIMINATES DIVIDEND TO SAVE $140 MILLION A YEAR
Date: 10 July 2001
By Bloomberg News
Bloomberg News
Xerox Corp eliminates its common-stock dividend to save $140 million per year (S)
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DELTA WILL END ITS WASHINGTON-BOSTON SHUTTLE FLIGHTS
Date: 10 July 2001
By Bloomberg News
Bloomberg News
Delta Air Lines plans to stop making Delta Shuttle flights between Washington and Boston and will scale back some international service as demand slows; will replace its nine daily shuttle flights between Boston and Washington with four Delta Connection flights on smaller planes through its commuter partner, Atlantic Coast Airlines Holdings; will start new service by Sept 1 (S)
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Metro Business Briefing | Satellite Radio Studio
Date: 10 July 2001
By Bloomberg News
Bloomberg News
XM Satellite Radio Holdings opens broadcasting studio in New York City; XM is leasing 5,000 square feet at 111 West 57th Street in Midtown's Steinway Building (S)
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Technology Briefing | Telecommunications: Lucent Gets Optical Fiber Order
Date: 10 July 2001
By Bloomberg News
Bloomberg News
Lucent Technologies receives multimillion-dollar order for optical fiber from Deutsche Telekom; terms undisclosed (S)
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World Business Briefing | Europe: Italy: Airline Alliance Negotiations
Date: 10 July 2001
By Bloomberg News
Bloomberg News
Alitalia agrees to hold exclusive talks with Air France and Delta Air Lines on partnerships that could help profitability and give its passengers easier access to European and US flights; Alitalia's chief executive Francesco Mengozzi comments (S)
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World Business Briefing | Asia: Japan: Big Gain For Drug Tester
Date: 10 July 2001
By Bloomberg News
Bloomberg News
Shares of EPS rise 87 percent as it becomes first manager of clinical drug trials in Japan to go public (S)
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