13. maj 1997 var en tirsdag under stjernetegnet for ♉. Det var 132 dag på året. Præsident for USA var William J. (Bill) Clinton.
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Date: 13 May 1997
By Bloomberg News
Bloomberg News
Oriental Press Group, publisher of Hong Kong's biggest-selling newspaper Oriental Daily News, says it will cut its newsstand price, causing concern that price war might force smaller competitors to close; Oriental Daily will cut its price to $2 from $5 (Hong Kong), or 26 cents from 65 cents (US) (S)
Date: 14 May 1997
By Bloomberg News
Bloomberg News
Sony Corp and Japanese broadcaster Fuji Television Network Inc say they will become partners in Japan Sky Broadcasting Co, headed by Rupert Murdoch; Sony, Fuji, News Corp and Japanese media company Softbank will each own 20 to 25 percent of J Sky B after sale; Murdoch is also negotiating to make Walt Disney Co a partner in the venture (S)
Date: 14 May 1997
Editorial lauds San Jose Mercury News admission that its articles charging Central Intelligence Agency let Nicaraguan dealers push drugs in United States inner cities in 1980s to help finance contra rebels were poorly written and edited and misleadingly packaged; defends investigative journalism (M)
Date: 13 May 1997
By Todd S. Purdum
Todd Purdum
San Jose Mercury News executive editor Jerry Cepos acknowledges that 1996 series on rise of crack cocaine in urban America was marred by shortcomings, including sensational implication that Central Intelligence Agency countenanced drug's spread in league with Nicaraguan dealers, to help finance rebels fighting against Sandinista Government; admits implications by investigative reporter Gary Webb were not supported by facts; says although members of drug ring met with Nicaraguan contra leaders paid by CIA, there is no proof that top agency officials knew of relationship; series provoked furor among black elected and community officials and prompted multiple Federal investigations; asserted that pair of Nicaraguan drug traffickers with CIA ties started nationwide crack trade in 1980's by selling drugs in black neighborhoods; agency's probe into allegations continues; photo (M)
Date: 13 May 1997
Excerpts from letter by San Jose Mercury News executive editor Jerry Ceppos admitting that 1996 series implicating Central Intelligence Agency and Nicaraguan contra rebels in spread of crack cocaine in urban America was flawed (M)
Date: 14 May 1997
By Bloomberg News
Bloomberg News
BBN Corp discloses that it received bid in April that was 'nominally higher' than $29 a share accepted from GTE Corp; BBN does not disclose name of rival bidder (S)
Date: 14 May 1997
By Bloomberg News
Bloomberg News
Penn Traffic Co to dismiss 325 employees and eliminate five divisional headquarters in a plan to cut costs by $12 million (S)
Date: 14 May 1997
By Bloomberg News
Bloomberg News
IMC Global Inc agrees to buy potash producer Western Ag-Minerals, unit of Rayrock Yellowknife Resources Inc of Toronto, for $53 million to expand in the Southwest (S)
Date: 13 May 1997
By Bloomberg News
Bloomberg News
Felcor Suite Hotels Inc agrees to buy four Doubletree Guest Suites hotels for $83 million from closely held master-limited partnership, PSH (S)
Date: 13 May 1997
By Bloomberg News
Bloomberg News
Quality Dining Inc plans to sell Bruegger's Bagels, possibly back to co-founders Nordahl Brue and Michael Dressell, less than a year after buying it for $176 million in stock (S)