Hit Film Helps News Corp. Post 7% Increase in Operating Profit
Date: 12 November 1996
By Bloomberg News
Bloomberg News
News Corp says its first-quarter revenues rose 6.7 percent, to $2.47 billion, from year ago quarter; says net earnings of $222 million were down from $227 million, but that 1995 quarter included gain of $17 million from abnormal items, and most recent quarter included loss of $2 million; excluding those items, operating income rose to $224 million (M)
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Envirodyne Shares Soar on Lawsuit Victory
Date: 12 November 1996
By Bloomberg News
Bloomberg News
Shares of Envirodyne Industries rise 34 percent after company says it has won $102 million in damages in patent lawsuit over plastic films used for meat packaging; judgment was against American National Can Co (S)
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ANCHOR GAMING SHARES FALL ON POSSIBLE CHANGE IN PLANS
Date: 13 November 1996
By Bloomberg News
Bloomberg News
Shares of Anchor Gaming fall 22 percent as investors are concerned that company's reconsideration of an addition to a Colorado casino will hurt its earnings; stock falls $8.875 a share, to $30.125 (S)
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SYLVAN LEARNING ACQUIRES MINORITY STAKE IN JOSTENS
Date: 12 November 1996
By Bloomberg News
Bloomberg News
Sylvan Learning Systems Inc says it acquired 19 percent interest in Jostens Learning Corp from Bain Capital Inc; price not disclosed (S)
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2 LESLIE'S POOLMART EXECUTIVES BID FOR COMPANY
Date: 13 November 1996
By Bloomberg News
Bloomberg News
Leslie's Poolmart says group led by its chairman Michael J Fourticq and its president Brian P McDermott has offered to buy the company for $14.50 a share in cash, or about $109 million; partnership is Hancock Park Associates II LP (S)
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STRIKES CAUSE G.M. TO CUT 4TH-QUARTER PRODUCTION
Date: 12 November 1996
By Bloomberg News
Bloomberg News
General Motors Corp cuts its planned fourth-quarter production of cars and trucks 11 percent because of strikes in Canada and United States that temporarily shut down assembly plants, costing GM $666 million (S)
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LEON BLACK TEAM ACQUIRES PARKING LOT COMPANY
Date: 12 November 1996
By Bloomberg News
Bloomberg News
Leon Black, head of Apollo Advisors LP, teams with Aldrich Eastman Waltch to buy Allright Parking Corp; terms not disclosed; Allright is owned by Hang Lung Group; selling price is thought to be about $250 million in cash and debt (S)
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Stocks Lower in Tokyo
Date: 13 November 1996
By Bloomberg News
Bloomberg News
Japan's Nikkei stock index is down 226.99 points, or 1.07 percent, to 20,979.44 on Wednesday, Nov 13 (S)
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Four Seasons to Enter India
Date: 13 November 1996
By Bloomberg News
Bloomberg News
Four Seasons Hotels agrees to manage three luxury hotels in India, entering country for first time; hotels are beach resort to be renovated in coastal enclave of Goa and business hotels under construction in Bombay and Bangalore; developer is Leela Group (S)
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I.B.M. Sales Unit For New Offering
Date: 12 November 1996
By Bloomberg News
Bloomberg News
International Business Machines Corp says it has formed new unit to sell its stripped-down personal computers (S)
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