Press Role for a Media-Shy Mogul
Date: 23 July 2000
By James Sterngold
James Sterngold
Acquisition of Santa Barbara News-Press from New York Times Co by Wendy P McCaw, one of wealthiest, if not best known, women in US, has been billed as victory of community spirit over homogenizing influence of a distant corporate overseer, but McCaw insists she does not invest in assets for purely sentimental or other nonbusiness reasons; McCaw is estimated to be worth $1.5 billion; she paid about $100 million for News-Press; photo (M)
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SALE OF STAKES IN TWO CABLE NETWORKS IS PLANNED
Date: 22 July 2000
By Bloomberg News
Bloomberg News
AT&T considers sale of its stakes in two cable TV networks; no reason is given (S)
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ABITIBI-CONSOLIDATED PLANS CUTS AT NEWSPRINT PLANTS
Date: 22 July 2000
By Bloomberg News
Bloomberg News
Newsprint maker Abitibi-Consolidated will close US mill and slow down Canadian plant; goal is improvement of profits (S)
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ROCK-TENN TO SHUT DOWN CARTON FACTORY IN WISCONSIN
Date: 22 July 2000
By Bloomberg News
Bloomberg News
Rock-Tenn, manufacturer of paper boxes, will close plant in Madison, Wis, and dismiss up to 200 employees (S)
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FPL GROUP, A UTILITY OWNER, CANCELS POWER CONTRACTS
Date: 22 July 2000
By Bloomberg News
Bloomberg News
FPL Group will pay more than $222 million to cancel contracts to purchase power from two generating plants (S)
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INDIA RAISES KEY RATE
Date: 22 July 2000
By Bloomberg News
Bloomberg News
India's central bank raises key bank rate by one percent and hikes banks' cash reserve requirements in effort to stem fall of nation's currency on world markets (S)
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LUXURY WATCH DEAL
Date: 22 July 2000
By Bloomberg News
Bloomberg News
Compagnie Financiere Richemont will buy timepiece unit from Mannesmann for $1.69 billion (S)
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Retirement Plans, Made Easier
Date: 23 July 2000
By Bloomberg News
Bloomberg News
Treasury Dept announces tax rules intended to encourage more employers to automatically enroll workers in 401(k) and similar retirement plans (S)
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Surveillance Firm Bought
Date: 22 July 2000
By Bloomberg News
Bloomberg News
Transportation services supplier TransCore buys American Traffic Systems; terms are not disclosed (S)
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Sears Second-Quarter Profit Increases 17%
Date: 22 July 2000
By Bloomberg News
Bloomberg News
Sears, Roebuck & Co reports that its second-quarter profit increased 17 percent, to $388 million (S)
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