Primestar Drops Plan to Buy Satellite Venture
Date: 15 October 1998
By Geraldine Fabrikant
Geraldine Fabrikant
Primestar Inc, satellite television service owned by group of cable operators, abandons $1.1 billion plan to buy direct-broadcast satellite venture of News Corp and MCI Worldcom Inc; announcement comes from Justice Department, which had filed civil antitrust suit in May to block Primestar from entering direct-broadcast satellite business (S)
Full Article
Serbia Shuts 2 More Papers, Saying They Created Panic
Date: 15 October 1998
By Jane Perlez
Jane Perlez
Yugoslav Pres Slobodan Milosevic Government shuts down two more newspapers accused of 'fomenting defeatism, panic and fear' and renews decree against press freedom; continues censorship drive begun when NATO threatened air strikes because of crackdown on ethnic Albanians in Kosovo; drive seen effort by Milosevic to consolidate power; photo (M)
Full Article
CONGRESS'S RATING CONTINUES TO SLIP IN INQUIRY'S WAKE
Date: 15 October 1998
By Alison Mitchell With Janet Elder
Alison With
New York Times/CBS News Poll finds approval of Republican-controlled Congress has slipped to 43 percent from high of 56 percent in Sept in wake of House vote to open impeachment probe of Pres Clinton; finds Congress is now widely seen as having invested too much political capital in impeachment and having accomplished little on broad array of issues of importance to voters; 48 percent of public now disapproves of job Congress is doing; Clinton's approval rating remains at highest of his Presidency, 63 percent; poll suggests Democrats may not be facing feared midterm election rout; finds election results will swing on turnout, with low turnout best for Republicans; finds Clinton is widely seen as trying harder than Congressional Republicans to find budget compromise; finds 75 percent of voters think Kenneth W Starr's probe was not worth time or money, but 55 percent of people who call selves conservative Republicans say probe was worthwhile; tables (M)
Full Article
Residents' Views on City Life Improve, and Giuliani Gets Credit
Date: 15 October 1998
By Abby Goodnough With Marjorie Connelly
Abby With
New York Times/CBS poll finds that for first time since Mayor Rudolph W Giuliani won election in 1993, more than half of New York City residents say that life in city has improved; nearly two thirds of city residents who were polled earlier this month say they approved way Giuliani is handling job and 59 percent say that life in city has improved in last four years; graph (M)
Full Article
INTERNATIONAL PAPER TO CLOSE TWO FIBERBOARD PLANTS
Date: 15 October 1998
By Bloomberg News
Bloomberg News
International Paper Co will close fiberboard plants in South Carolina and North Carolina and dismiss 336 workers after company fails to find buyers for sites; layoffs come on top of 1,500 job cuts that were announced on Oct 13 (S)
Full Article
AXA IS HOLDING TALKS WITH BARR ROSENBERG INVESTMENT
Date: 16 October 1998
By Bloomberg News
Bloomberg News
AXA SA, is holding talks with Barr Rosenberg Investment Management Group, California fund manager, about an alliance as AXA, Europe's biggest insurer, expands its asset management in US (S)
Full Article
FIRSTPLUS SELLING BUSINESSES AND CUTTING HALF ITS STAFF
Date: 16 October 1998
By Bloomberg News
Bloomberg News
Firstplus Financial Group, struggling home-equity lender that failed to find buyer after putting itself up for sale in August, says it is selling its businesses in parts and will dismiss 3,000 people, or 50 percent of its staff; Firstplus is selling its loan servicing business to Superior Bank FSB and has accepted offer for its British-based business; two transactions are worth $130 million (S)
Full Article
ENTERGY IS BUYING TWO-THIRDS STAKE IN BULGARIAN UTILITY
Date: 15 October 1998
By Bloomberg News
Bloomberg News
Entergy Corp, third-largest US power producer, is buying two-thirds of Bulgarian utility for $375 million in its first step into Eastern Europe's energy market; Entergy's 66 percent stake in joint venture with National Electricity Co of Bulgaria will give it control over Maritza Iztok 3 thermal power station, which provides 10 percent to 12 percent of Bulgaria's electricity (S)
Full Article
SPECIALTY FOODS TO PAY $100 MILLION FOR TWO COMPANIES
Date: 15 October 1998
By Bloomberg News
Bloomberg News
Specialty Foods Corp to buy Archway Cookies Inc and San Diego Bread Co for more than $100 million (S)
Full Article
STARWOOD TO SELL 35% STAKE IN TRADE SCHOOL OPERATOR
Date: 15 October 1998
By Bloomberg News
Bloomberg News
Starwood Hotels and Resorts is exploring ways to sell its 35 percent stake in trade school operator ITT Educational Services Inc, worth about $258 million (S)
Full Article