Word & Image; Our Pious Press
Date: 07 December 1997
By Max Frankel
Max Frankel
Max Frankel column says news media do a poor job covering religion; says media prefer to dwell on the feel-good stuff about religons or sensational stories about pious phonies and cults rather than explore the ways in which faith inspires public morality and political action in society; drawing (L)
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INTERFACE TO BUY CARPET BUSINESS IN EUROPE
Date: 06 December 1997
By Bloomberg News
Bloomberg News
Interface Inc to buy Readicut International PLC's European carpet business for about $50.3 million; assets are Firth Carpets Ltd; Joseph, Hamilton & Seaton Ltd and Vebe Floorcoverings BV (S)
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COMCAST SET FOR EXPANSION IN DELAWARE AND MARYLAND
Date: 06 December 1997
By Bloomberg News
Bloomberg News
Comcast Corp to buy Marcus Cable Co's Delaware and Maryland cable television assets for $65.5 million in cash (S)
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SUMITOMO STUDIES SALE OF ITS CALIFORNIA BANK
Date: 06 December 1997
By Bloomberg News
Bloomberg News
Sumitomo Bank Ltd weighs sale of its Sumitomo Bank of California (S)
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Munich Re and Allianz Discussing Stock Swap
Date: 06 December 1997
By Bloomberg News
Bloomberg News
Allianz AG discusses possibly swapping its 10 percent stake in Ergo Versicherungsgruppe AG for stake in company owned by Munich Re as tax hedge (S)
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S.& P. 500 Hits a High; Dow Finishes Ahead 98.97
Date: 06 December 1997
By Bloomberg News
Bloomberg News
Dow Jones industrial average rises 98.97 points, to 8,149.13; Standard & Poor's 500 index rises 10.69 points, to record 983.79; table (S)
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European Trade Inquiry To Focus on Aid to Dow
Date: 06 December 1997
By Bloomberg News
Bloomberg News
European Commission will probe subsidies German Government paid Dow Chemical when Dow bought three eastern German chemical factories (S)
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Chief of Credit Unit at Sears Resigns
Date: 06 December 1997
By Bloomberg News
Bloomberg News
Steven Goldstein resigns as head of Sears, Roebuck & Co's credit division; Sears names Alan Lacy to succeed him; names Gary Crittenden to succeed Lacy as chief financial officer and names him executive vice president (S)
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Swiss Banks Up On Merger Talk
Date: 06 December 1997
By Bloomberg News
Bloomberg News
Union Bank of Switzerland and Swiss Bank Corp shares rise on increased speculation that banks will merge; banks deny holding merger talks (S)
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News Summary
Date: 07 December 1997
INTERNATIONAL 3-21 Cargo Plane Crashes Into Apartment in Siberia A military cargo jet crashed into an apartment house 20 seconds after takeoff in the Siberian city of Irkutsk, causing devastation on the ground. The authorities feared that the death toll could reach 80, with scored of others injured. 1
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