A Hard Line Softened for Time Warner And Turner
Date: 13 September 1996
By Mark Landler
Mark Landler
Analysis of Federal Trade Commission's approval of Time Warner Inc's proposed merger with Turner Broadcasting System; says approval makes it clear that if Government plans to clamp down on mammoth media mergers, it wil not cut its teeth on Time Warner; holds while FTC chairman Robert Pitofsky was able to negotiate several changes in structure of merger, he did not challenge Time Warner and Turner in court--in part becasue he was worried that two of FTC's five commissioners favored letting merger go through untouched (L)
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Photographers Look Inward, and Discover Self-Doubt
Date: 12 September 1996
By Alan Riding
Alan Riding
Article on controversy surrounding awarding of Visa d'Or prize for feature work to French photographer Jean-Paul Goude, whose photographs were previously published in Elle magazine, at International Festival of Photojournalism, Perpignan, France; says decision to award Goude the prize calls attention to profession's deep identity crisis at a time of shrinking outlets for photojournalism with strong political and social content, of growing numbers of young photographers entering the market and of uncertainty over impact of new forms of digital storage; holds awarding of prize to Goude raised immediate question: What is photojournalism today? Jean-Francois Leroy, director of festival, comments; photos (L)
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SPRINT PLANS SALES THROUGH RADIO SHACK
Date: 12 September 1996
By Bloomberg News
Bloomberg News
Sprint Corp and its Sprint Spectrum wireless venture will sell range of products from cellular and paging services to traditional local and long-distance calling through Sprint stores to be set up inside Tandy Corp's Radio Shack stores (S)
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ORACLE'S FIRST-QUARTER EARNINGS BELOW EXPECTATIONS
Date: 13 September 1996
By Bloomberg News
Bloomberg News
Oracle Corp reports first-quarter earnings were short of expectations as software sales increased more slowly than analysts predicted; net income rose to $113 million from $54 million a year earlier; revenue for quarter ended Aug 31 rose 36 percent, to $1.05 billion (S)
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AMF UNIT TO BUY BOWLING COMPANY
Date: 12 September 1996
By Bloomberg News
Bloomberg News
AMF Bowling Centers, unit of AMF Group Inc, says it will buy Bowling Corp of America from Charan Industries for about $104 million (S)
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GRUMMAN WILL HIRE MORE THAN 500 WORKERS
Date: 12 September 1996
By Bloomberg News
Bloomberg News
Northrop Grumman Corp to hire more than 900 workers at its five commercial aircraft-parts factories because of surging orders for planes; Northrop is biggest subcontractor for Boeing Co, which has more than 400 firm orders for jets this year (S)
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STONE CONTAINER SELLS FOREST PRODUCTS UNITS
Date: 13 September 1996
By Bloomberg News
Bloomberg News
Stone Container Corp sells most of its forest products operations to US Forest Industries, new corporation formed by management of the division and an investment group; Stone is expected to take after-tax charge estimated at $10 million against third-quarter earnings as a result of the sale (S)
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CORPORATE EXPRESS TO ACQUIRE UNITED TRANSNET
Date: 12 September 1996
By Bloomberg News
Bloomberg News
Corporate Express Inc agrees to acquire United Transnet Inc in stock transaction valued at $138 million (S)
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NEWBRIDGE BUYING A STAKE IN BROADBAND NETWORKS
Date: 13 September 1996
By Bloomberg News
Bloomberg News
Newbridge Networks Corp will increase its presence in wireless communications market by buying 15 percent of Broadband Networks Inc for undisclosed price (S)
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KANSAS CITY UTILITY IS REBUFFED ON PURCHASE
Date: 13 September 1996
By Bloomberg News
Bloomberg News
Kansas City Power & Light Co says preliminary count of proxy votes indicates that its shareholders rejected plan to buy Utilicorp United Inc, a victory for rival Kansas utility, Western Resources Inc, which is pursuing hostile bid for Kansas City Power (S)
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