Asian Music Unit For News Corp.
Date: 07 December 1996
By Bloomberg News
Bloomberg News
News Corp begins music venture with Tetsuya Komuro, Japanese performer and producer, to expand its presence in Asian music market; venture, TK News, will develop Asian artists (S)
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MCI Wins Right to Begin Broadcast Satellite Services
Date: 07 December 1996
By Bloomberg News
Bloomberg News
Federal Communications Commission grants MCI Telecommunications Corp license to begin direct broadcast satellite services; ruling is blow to Time Warner Inc and other broadcasters, who sought delay because of British Telecommunications PLC's plan to acquire MCI; MCI says it will broadcast video programming to American customers nationwide through American Sky Broadcasting, joint venture with Rupert Murdoch's News Corp; ruling does not settle whether MCI can transfer license to British Telecommunications (M)
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Serbs' Answer to Oppression: Their Web Site
Date: 08 December 1996
By Chris Hedges
Chris Hedges
Radio B92, independent radio station recently forced off the air by Serbian authorities, has begun digital broadcasts on anti-Government protests over audio Internet links; tens of thousands of students, journalists and others are believed to be connected on line to this technological revolt; photos (M)
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Stossel Case to Be Dropped
Date: 07 December 1996
By Bill Carter
Bill Carter
Prosecutors will drop felony charges against the ABC News correspondent John Stossel and four others, finding insufficient evidence that they surreptitiously recorded Dr Grace Ziem of Baltimore for a special on 'junk science'; such taping is illegal in Maryland; ABC will use material on Dr Ziem as part of a segment of the news magazine 20/20, not the Stossel special (S)
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Protests? In Belgrade? What Protests? Asks a State-Controlled Newspaper
Date: 07 December 1996
By Chris Hedges
Chris Hedges
Politika, Serbia's state-run newspaper, ignores the anti-Government protests in Belgrade, earning derision from protesters and many of its own reporters; photo (M)
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LIZ CLAIBORNE ENDS DEAL TO BUY DOONEY & BOURKE
Date: 07 December 1996
By Bloomberg News
Bloomberg News
Liz Claiborne Inc drops deal to acquire Dooney & Bourke Cos (S)y
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SUNDSTRAND TO TAKE $32 MILLION CHARGE
Date: 07 December 1996
By Bloomberg News
Bloomberg News
Sunstrand Corp to take $32 million charge, before taxes, in fourth quarter to restructure its Sullair Europe compressor unit (S)x
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NORTHERN ELECTRIC REJECTS BID BY CALENERGY
Date: 07 December 1996
By Bloomberg News
Bloomberg News
Joint venture led by Calenergy Inc raises its bid for Northern Electric PLC to equivalent of $1.5 billion in cash and assumed debt; Northern Electric rejects bid as too low (S)
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G.M. TO BUILD FEWER AUTOS THAN PLANNED IN NEXT QUARTER
Date: 07 December 1996
By Bloomberg News
Bloomberg News
General Motors Corp plans to build 1.41 million cars and trucks in North America in 1997 first quarter, 46,000 fewer than it planned to build in 1996 period before strike crippled output and 16 percent more than it actually produced (S)ü
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CSX Begins a 2d Tender Offer for Conrail
Date: 07 December 1996
By Bloomberg News
Bloomberg News
CSX Corp begins second tender offer to extend its holdings to 40 percent of Conrail Inc to complete cash portion of proposed $8.73 billion acquisition (S)ú
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