News Corp. Offer Raises $2.8 Billion
Date: 11 November 1998
By Geraldine Fabrikant
Geraldine Fabrikant
News Corp completes third-largest initial public offering in American history, raising about $2.8 billion with sale of 124.8 million shares of Fox Entertainment Group Inc; shares, representing 18.6 percent stake in new company, are priced at $22.50 each, midway in range of anticipated prices; News Corp had planned to sell 85 million shares (S)
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Elections Vs. Mitch
Date: 11 November 1998
By Lawrie Mifflin
Lawrie Mifflin
Comment on limited US television coverage of Hurricane Mitch by networks that were preoccupied with elections and have few reporters in Central America; Ted Koppel discusses his decision report on devastation from Honduras (S)
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School Vouchers Survive as Justices Sidestep a Debate
Date: 10 November 1998
By Neil A. Lewis
Neil Lewis
Supreme Court, sidestepping for now debate over whether taxpayer-financed vouchers may be used to send children to parochial schools, lets stand state court ruling upholding constitutionality of Milwaukee voucher program; advocates of school choice and vouchers hail move, which sets no precedent; program provides vouchers of up to $5,000 to up to 15,000 of district's poorest students; Court agrees to decide whether police are liable for violating residents' constitutional rights when they take reporters into people's homes or private property while seeking to make arrest; will decide in separate case whether same liability confronts Federal agents and prosecutor; lets stand ruling that securities industry workers may sue employers for discrimination using Federal civil rights law rather than be forced to use arbitration; lets stand ruling giving royalty rights to Kingsmen, band that recorded 1963 hit song Louie, Louie (M)
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PHARMERICA HIRES ADVISER TO WEIGH ALTERNATIVES
Date: 10 November 1998
By Bloomberg News
Bloomberg News
Pharmerica Inc hires Donaldson, Lufkin & Jenrette to advise it on strategic alternatives; company says it has eliminated 46 jobs as part of streamlining and its chief operating officer Robert Della Valle has resigned; also reports third-quarter loss of $127.4 million (S)
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DiMaggio Improving, His Doctor Says
Date: 10 November 1998
By Bloomberg News
Bloomberg News
Doctors say that Joe DiMaggio has an excellent chance of recovery from complications of pneumonia (S)
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BANKAMERICA EXERCISING OPTION TO BUY HALF OF MARSICO
Date: 11 November 1998
By Bloomberg News
Bloomberg News
BankAmerica Corp exercises option to buy 50 percent of Marsico Capital Management LLC; terms undisclosed (S)
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NATIONAL-OILWELL ACQUIRING A BUSINESS FROM WESTBURNE
Date: 10 November 1998
By Bloomberg News
Bloomberg News
National-Oilwell Inc to buy Westburne Inc's oil and natural-gas field-supply business for about $58.6 million in stock and debt securities to expand its services in Canada and to cut operating costs (S)
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LEVEL ONE IN STOCK DEAL FOR JATO TECHNOLOGIES
Date: 10 November 1998
By Bloomberg News
Bloomberg News
Level One Communications Inc to buy Jato Technologies Inc for $80 million in stock (S)
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AFFILIATED MANAGERS TO BUY RORER ASSET MANAGEMENT
Date: 10 November 1998
By Bloomberg News
Bloomberg News
Affiliated Managers Group Inc to buy 65 percent of Rorer Asset Management for about $65 million in cash; Rorer's principals will retain 35 percent of company (S)
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OMNIPONT AND TWO COMPANIES SETTLE COLLUDING CHARGES
Date: 11 November 1998
By Bloomberg News
Bloomberg News
Omnipoint Corp, Mercury PCS II LLC and 21st Century Bidding Corp settle Federal charges that they used special codes to avoid competing for lucrative digital phone licenses; Justice Department accused companies of colluding at Federal Communications Commission auction that lasted from August 1996 to January 1997; companies settle charges by agreeing not to engage in similar practices in future, and Federal antitrust enforcers are not expected to seek damages (S)
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