Joining the New Media: ABC News Begins an On-Line Service
Date: 12 May 1997
By Steve Lohr
Steve Lohr
ABC News service on Internet is joint venture of Walt Disney Co's ABC News division and Starwave Corp, innovative new-media company owned by Paul Allen; Starwave is 300-person collection of software programmers and journalists behind series of popular Web sites including ESPNet Sportszone, most heavily trafficked new-media service on Internet after search sites like Yahoo; joint venture is being run by Tom Phillips, Starwave executive, and Jeff Gralnick, veteran television newsman; photos (M)
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Growing Latin Market Creates New Battleground of Cable TV
Date: 12 May 1997
By Larry Rohter
Larry Rohter
One of world's most contested pay-television markets is Latin America; area already has almost as many households with television as United States and is experiencing dizzying expansion as growing middle class embraces cable and satellites and news and entertainment they offer; Latin American pay-television is expected to generate at least $2.5 billion annually in advertising revenue and subscriber fees by turn of century; broadcasters say it is imperative to establish presence now; American entrants face competitors who argue they have longer track record or greater familiarity with Spanish-language news market; in addition, several companies are about to start Portuguese-language services aimed at Brazil, region's biggest country; photo (M)
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Machinations
Date: 11 May 1997
By Max Frankel
Max Frankel
Max Frankel Word & Image column on American fascination with new technologies of communication and its expensive hardware; describes wondrous technology at Disney World (S)
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Opening a Door to a Distant, Tumultuous Era
Date: 11 May 1997
By Clyde Haberman
Clyde Haberman
Clyde Haberman reviews exhibit, Reporting the 20th Century, on life of late New York Times reporter Harrison E Salisbury, at Columbia University; photo (L)
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Stocks Rise in Japan
Date: 12 May 1997
By Bloomberg News
Bloomberg News
Stocks trade higher in Tokyo on May 12; Nikkei index of 225 issues closes up 340.73 points, at 20,143.51 (S)
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New Bid for Blender Maker
Date: 12 May 1997
By Bloomberg News
Bloomberg News
CTS Corp says it agreed to buy Dynamics Corp of America for $208.8 million in cash and stock, surpassing hostile bid by WHX Corp, which had offered $167 million (S)
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Machine Tool Orders Rose 9.3% in March
Date: 12 May 1997
By Bloomberg News
Bloomberg News
Orders for American-made machine tools jumped 9.3 percent in March from February, to estimated $721 million; increase is third rise in estimated orders in last four months; figures are from joint report from Assn for Manufacturing Technology and American Machine Tool Distributors' Assn (S)
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Pharmacia and Upjohn Names Its New Chief and President
Date: 12 May 1997
By Bloomberg News
Bloomberg News
Pharmacia and Upjohn Inc names Fred Hassan as its president and chief executive officer; Hassan takes over from Jan Ekberg, who temporarily filled chief executive's spot after John L Zabriskie's abrupt departure in January; Ekberg will be nonexecutive chairman (M)
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Good News For Japan. Bad News For Us?
Date: 11 May 1997
By Floyd Norris
Floyd Norris
Article on Japan's economic recovery and its impact on world's financial markets; graph (L)
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News Summary
Date: 11 May 1997
INTERNATIONAL 3-15 Even as Siege Tightens, Mobutu Flies Back to Zaire President Mobutu Sese Seko of Zaire flew back to Kinshasa, the capital, from neighboring Gabon, confounding those who had expected that his flight out of the country on Wednesday for a meeting with regional leaders was his final departure. Officially, Mr. Mobutu has returned for one final meeting with the man who aims to topple him, the rebel leader, Laurent Kabila, which is scheduled for Wednesday. 14 Powerful Quake Shakes Iran A powerful earthquake jolted a remote mountain region in northeastern Iran, killing at least 1,000 people and injuring at least 5,000, the official news agency reported. The country's second major earthquake in 10 weeks caused severe damage to 80 of 150 villages in the region in Khurasan province, about 310 miles east of the capital, Teheran, the Islamic Republic News Agency said. 1
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