GRANADA BUYS BRITISH TV ASSETS
Date: 29 July 2000
By Alan Cowell
Alan Cowell
Granada Media PLC agrees to buy television assets of United News & Media PLC for $2.64 billion, beating Carlton Communications PLC's bid for British TV dominance (S)
Genafspiller fredag den 28. juli 2000
28. juli 2000 var en fredag under stjernetegnet for ♌. Det var 209 dag på året. Præsident for USA var William J. (Bill) Clinton.
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28th of July 2000 News
Nyheder, som de udkom på forsiden af New York Times på 28. juli 2000
San Francisco Newspaper Can Be Sold, Judge Rules
Date: 28 July 2000
By Felicity Barringer
Felicity Barringer
Federal District Court Judge Vaughn R Walker rules that Hearst Corp's $660 million purchase of San Francisco Chronicle did not violate antitrust laws; decision paves way for Hearst to act on its plans to merge Chronicle and San Francisco Examiner newsrooms and to compete with area rivals like Knight Ridder's San Jose Mercury News (M)
L'Unita, Leftist Italian Paper, Halts Publication
Date: 29 July 2000
By Alessandra Stanley
Alessandra Stanley
L'Unita, once most powerful leftist newspaper in Italy, publishes its last issue, a victim of fall of Berlin Wall and market forces; it was founded in 1924 as mouthpiece of Italian Communist Party; it went into receivership two weeks ago; in related symptom of decline of left's strength in Italy, Democrats of Left move out of their historic headquarters and move into less expensive offices (M)
Russia Drops Criminal Inquiry Into Troublesome Press Tycoon
Date: 28 July 2000
By Michael Wines
Michael Wines
Russian prosecutors abruptly drop high-profile criminal inquiry into Valdimir Gusinsky, press tycoon whose Media-Most empire has been among government's sharpest critics; prosecutors offer no explanation for abandoning investigation, although as recently as three weeks ago they had insisted to Parliament that Gusinsky defrauded government of at least $10 million; it is notable that inquiry is halted just before meeting between many of Russia's wealthiest of most politically influential tycoons and Pres Vladimir V Putin, whose government has moved against several of them in tax evasion and criminal cases; photo (M)
STMICROELECTRONICS BUYING REST OF WAFERSCALE
Date: 29 July 2000
By Bloomberg News
Bloomberg News
STMicroelectronics NV agrees to pay $68 million to acquire part of Waferscale Integration Inc that it does not already own; before acquisition, STMicroelectronics owned 14.5 percent minority stake (S)
CHURCH & DWIGHT IS CLOSING SYRACUSE PLANT
Date: 29 July 2000
By Bloomberg News
Bloomberg News
Church and Dwight Co will close plant in Syracuse, NY, and lay off about 140 employees (S)
PHILIP MORRIS IS RAISING CIGARETTE PRICES BY 3%
Date: 29 July 2000
By Bloomberg News
Bloomberg News
Philip Morris Companies is raising US cigarette prices to distributors by about 3 percent to increase its profit and help pay for rising legal settlement costs; rival US cigarette makers are expected to follow (S)
DELCO REMY WILL ELIMINATE 860 JOBS AS IT REORGANIZES
Date: 28 July 2000
By Bloomberg News
Bloomberg News
Delco Remy International, auto-parts maker, plans to eliminate 860 jobs, or 12 percent of its work force, and take $22 million charge in its fourth quarter to reorganize (S)
MCKESSON HBOC IS PLANNING $250 MILLION STOCK BUYBACK
Date: 28 July 2000
By Bloomberg News
Bloomberg News
McKesson HBOC plans to buy back as much as $250 million of common stock, which has fallen 22 percent in last year, representing 10.2 million shares (S)
AMBANC HOLDING RAISES BID FOR COHOES TO $130 MILLION
Date: 28 July 2000
By Bloomberg News
Bloomberg News
Ambanc Holding Co raises its offer for Cohoes Bancorp to about $130 million and urges Cohoes shareholders to reject competing merger agreement with Hudson River Bancorp (S)