2nd Thoughts For News Corp. And WebMD
Date: 21 December 2000
By Geraldine Fabrikant
Geraldine Fabrikant
News Corp's $1 billion deal for 10.8 percent stake in WebMD made on Dec 7, 1999 is worth about $133.6 million; WebMD is pressing News Corp to buy out WebMD's half-interest in money-losing Health Channel; though both companies decline to comment, drop in WebMD's stock would appear to be disappointment for both News Corp and for James Murdoch, younger son of its chairman, Rupert Murdoch; James Murdoch is now chief executive of Star TV, News Corp's satellite business in Asia; but at time of WebMD deal, he was executive vice president for Internet and new-media activities and credited with bringing Web company to attention of his father and other important company executives; photo (M)
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Daily News Is to Expand Distribution Of Free Paper
Date: 20 December 2000
By Jayson Blair
Jayson Blair
The Daily News announces plans to continue publishing its three-month-old free afternoon newspaper, Daily News Express, next year, increasing its circulation and adding pages of employment advertising in coming months (M)
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A Web Site That Came In From the Cold to Unveil Russian Secrets
Date: 21 December 2000
By Sally McGrane
Sally McGrane
Agentura, Web site Andrei Saldatov, Russian journalist, focuses on work of Russian intelligence organizations; its existence is a sign of the degree to which post-Soviet openness regarding secret service has changed; photo (M)
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INTERNATIONAL PAPER TO MISS PROFIT FORECASTS
Date: 21 December 2000
By Bloomberg News
Bloomberg News
International Paper Co says it is cutting production by 235,000 tons a month as economy slows; says fourth-quarter profit will be about 30 cents share; analysts had forecast 44 cents a share (S)
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DIMAC WINS APPROVAL FOR REORGANIZATION PLAN
Date: 21 December 2000
By Bloomberg News
Bloomberg News
Dimac Corp, direct marketer that has filed for Chapter 11 bankruptcy-court protection, wins judge's approval for reorganization plan that would repay bank lenders 87 cents on the dollar for their claims and give unsecured creditors up to 40 percent of company's reshuffled common stock, plus some preferred shares (S)
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ROCHE IN TALKS WITH ICN IN BID FOR RIBAVARIN STAKE
Date: 21 December 2000
By Bloomberg News
Bloomberg News
Roche Holding AG is discussing swapping its stake in ICN Pharmaceuticals for stock in ICN unit that controls rights to Ribavarin, its hepatitis drug; unit is known as Ribapharm (S)
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FIRST UNION REDUCES ANNUAL DIVIDEND BY 50%
Date: 21 December 2000
By Bloomberg News
Bloomberg News
First Union Corp halves its annual dividend from $1.92 to 96 cents (S)
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SOUTH CAROLINA PIPELINE THREATENS TO DROP PROJECT
Date: 21 December 2000
By Bloomberg News
Bloomberg News
South Carolina Pipeline unit of Scana Corp says it might walk away from $355 million plan to build power plant and natural gas pipeline to serve Fayetteville, NC, because city has withdrawn from negotiations over financing project (S)
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A TOP EXECUTIVE LEAVING PACIFIC CENTURY CYBERWORKS
Date: 20 December 2000
By Bloomberg News
Bloomberg News
Hong Kong's Pacific Century CyberWorks says its deputy chief executive Norman Yuen will leave at end of February (S)
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BP AMOCO AND SOLVAY TO SWAP PLASTICS BUSINESSES
Date: 20 December 2000
By Bloomberg News
Bloomberg News
BP Amoco and Solvay, giant Belgian chemical maker, agree to exchange plastics businesses with about 2.9 billion euros ($2.6 billion) in sales; BP Amoco will get Solvay's polypropylene unit to add to its petrochemicals business, while Solvay will get BP's engineering polymers business; two companies will form American and European joint ventures to make high-density polypropylene; financial terms undisclosed (S)
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