South Korea Stakes Its Future on Keeping Peace With North
Date: 25 May 2004
By James Brooke
James Brooke
South Korea's most influential newspaper features Page 1 article about first meeting between North Korean and South Korean generals since Korean War, while news that concerns United States, that North Korea may have sold uranium to Libya, is covered on inside pages; South Korean government's policy toward North Korea is officially called 'Peace and Prosperity'; South Korean Unification Minister Jeong Se Hyun tells conference for foreign investors that country's economic and security circumstances make it essential to pursue peacekeeping and peace building with North Korea; critics of North Korea are having hard time being heard on nation's media, and death threats have been received by new Internet radio station run by defectors; young South Koreans, who have heard little criticism of North Korea, increasingly tell pollsters they do not see North Korea and its nuclear arms program as threats (M)
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BANK OF AMERICA PRESIDENT PLANS TO RESIGN
Date: 25 May 2004
By Bloomberg News
Bloomberg News
Bank of America's president Eugene M McQuade will resign by end of May and get $25 million, including severance, when he leaves; FleetBoston Financial's chief executive Charles Gifford is chairman of Bank of America (S)
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SPIEGEL TO SELL CATALOG UNIT TO PANGEA HOLDINGS
Date: 25 May 2004
By Bloomberg News
Bloomberg News
Spiegel agrees to sell its flagship catalog business to private equity firm Pangea Holdings; deal is valued at $53.4 million (S)
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WICKS GROUP ACQUIRES THE DAILY RACING FORM
Date: 25 May 2004
By Bloomberg News
Bloomberg News
Wicks Group acquires Daily Racing Form, newspaper that covers horse racing, from Alpine Equity Partners; financial terms undisclosed (S)
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COINSTAR BUYS VENDING OPERATOR FOR $235 MILLION
Date: 25 May 2004
By Bloomberg News
Bloomberg News
Coinstar acquires Wellspring Capital Management's ACMI Holdings for $235 million to gain biggest operator of amusement vending machines (S)
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RADIO ONE ACQUIRES THIRD STATION IN HOUSTON MARKET
Date: 25 May 2004
By Bloomberg News
Bloomberg News
Radio One acquires KRTS-FM in Houston for about $72.5 million in cash; plans to change call letters and format of station, which currently plays classical music (S)
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LEHMAN BROTHERS FILLS LONG-VACANT PRESIDENT POST
Date: 25 May 2004
By Bloomberg News
Bloomberg News
Lehman Brothers Holdings names Joseph Gregory president and sole chief operating officer (S)
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HORMEL PROMOTES EXECUTIVE SEEN AS LIKELY NEXT CHIEF
Date: 25 May 2004
By Bloomberg News
Bloomberg News
Hormel Foods names Jeffrey M Ettinger chief operating officer and president effective July 1, making him likely successor to chief executive Joel W Johnson; Ettinger succeeds Johnson, who remains chairman and chief executive (S)
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Technology Briefing | Telecommunications: Sprint Cuts Price Of Walkie-Talkie Service
Date: 25 May 2004
By Bloomberg News
Bloomberg News
Sprint Corp cuts price of its walkie-talkie service by third to attract customers and gain ground on market leader Nextel Communications; customers can add walkie-talkie service for $10 per month, down from $15 (S)
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Technology Briefing | Software: Palmone Wins Patent Dispute With Xerox
Date: 25 May 2004
By Bloomberg News
Bloomberg News
PalmOne wins 1997 lawsuit filed by Xerox Corp over handwriting-recognition technology after Federal Judge Michael A Telesca says patent covering software was invalid; ruling will lead to dismissal of lawsuit being fought by PalmOne and its former parent 3Com Corp; graph (S)
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