Why Today's News Is No Longer What Happened Yesterday
Date: 04 May 1998
By Dylan Loeb McClain
Dylan McClain
Recent nonprofit study of news media in last 20 years found that current media are producing fewer straight news reports of traditional 'what happened today' variety than two decades ago, and devoting less coverage to government and foreign affairs; found current media with many more features touching on human interest, life style, health, crime, entertainment, scandal and celebrities; shift reflects end of cold war and also expanding number of information sources now available; study was by nonprofit research center affiliated with Columbia University Graduate School of Journalism; sampling of contents of NBC Nightly News broadcast, Los Angeles Times and Time magazine from 20 years ago and last week; photos (L)
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A look back at reporting in 1968 yields a mixed lesson.
Date: 04 May 1998
By Felicity Barringer
Felicity Barringer
Newseum, monument to news profession built by Freedom Forum, seeks to demystify process that often mystifies its practitioners; description of various Newseum exhibits explaining journalism to public; Newseum is in Arlington, Va; photo (M)
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BANCORPSOUTH TO ACQUIRE MERCHANTS CAPITAL
Date: 05 May 1998
By Bloomberg News
Bloomberg News
Bancorpsouth Inc to buy Merchants Capital Corp for $63.1 million in stock (S)
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OGDEN TO SELL AIRLINE-CATERING OPERATIONS TO ONEX
Date: 05 May 1998
By Bloomberg News
Bloomberg News
Ogden Corp to sell its airline-catering business to Onex Corp for $84.8 million (S)
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REPUBLIC TO ACQUIRE 4 AUTO DEALERSHIP GROUPS
Date: 05 May 1998
By Bloomberg News
Bloomberg News
Republic Industries buys four groups of auto dealerships in Texas, Georgia, California and Ohio for undisclosed price, adding outlets with about $500 million in annual revenue to its nationwide sales network (S)
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Takeover Talk Lifts Shares of Carbide
Date: 05 May 1998
By Bloomberg News
Bloomberg News
Shares of Union Carbide Corp rise amid speculation that company is takeover target; London newspaper Sunday Business reported that British Petroleum Co prepared, then abandoned, plans to acquire 51 percent of Union Carbide; merger would have created third-largest chemical company (S)
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Gates to Sell 1 Million Shares of Microsoft
Date: 04 May 1998
By Bloomberg News
Bloomberg News
William H Gates, chairman of Microsoft Corp, files with Securities and Exchange Commission to sell million shares of his company's stock; shares represent about two-tenths of 1 percent of shares Gates owns (S)
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Costco Expands in Korea
Date: 05 May 1998
By Bloomberg News
Bloomberg News
Costco Companies agrees to buy three membership warehouse clubs from Shinsegae Department Store Co of South Korea for about $94 million, expanding discount retailer into that country (S)
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Body Shop in Talks With Potential U.S. Ally
Date: 05 May 1998
By Bloomberg News
Bloomberg News
Body Shop International PLC says it is in advanced stage of talks with potential American partners about pooling its money-losing US businesses into joint venture (S)
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Metro Business; Van Leer Chocolate Is Said to Be for Sale
Date: 05 May 1998
By Bloomberg News
Bloomberg News
Barry Callebaut SA says it is in talks to acquire Van Leer Chocolate Corp of Jersey City (S)
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