Viacom Drops a Lawsuit Against Fox
Date: 08 September 2001
By Bloomberg News
Bloomberg News
CBS subsidiary of Viacom Inc drops copyright-infringement lawsuit against Fox network unit of News Corporation; CBS had claimed that its Survivor show was imitated by Fox's Boot Camp (S)
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CNN Hires Show's Host Fired by Fox
Date: 07 September 2001
By Bill Carter
Bill Carter
Paula Zahn officially signs contract with CNN one day after she is fired from her job at Fox News Channel for negotiating with CNN while still under contract; Fox News also files lawsuit against Zahn's agent, Richard Leibner, and his firm, N S Bienstock Inc; Fox asserts that Leibner illegally brokered deal for Zahn while she was still under contract, charge he and CNN deny (M)
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Court Weighs Easing Limits On Big Media
Date: 08 September 2001
By Stephen Labaton
Stephen Labaton
Federal Appeals Court, Washington, DC, strongly signals intention to strike down two regulations that for decades have prevented nation's biggest broadcasters, cable companies and media conglomerates from expanding by taking over local television stations; three-judge panel expresses concern over alleged failure of regulators to justify adequately rule that prevents television network from owning stations that reach more than 35 percent of nation's households; raise concerns about second rule that prevents cable companies from owning television station in same community (M)
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EXPECTATIONS FOR REST OF THIS YEAR WORSEN
Date: 08 September 2001
By Bloomberg News
Bloomberg News
AMR Corp, parent of American Airlines and Trans World Airlines, expects greater third-quarter loss than analysts forecast and 'significant' loss in fourth quarter (S)
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CHEVRON PURCHASE OF TEXACO WINS APPROVAL
Date: 08 September 2001
By Bloomberg News
Bloomberg News
Chevron Corp's $46.3 billion purchase of Texaco Inc gains unanimous Federal Trade Commission approval (S)
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WESTVACO IS SET TO CLOSE TWO PACKAGING PLANTS
Date: 07 September 2001
By Bloomberg News
Bloomberg News
Westvaco Corp will close two packaging plants in Richmond, Va, and Memphis, Tenn, eliminating 430 jobs, and take $65 million pretax charge in fourth quarter (S)
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END OF OLDSMOBILE PRODUCTION IS SET FOR 2004 MODELS
Date: 08 September 2001
By Bloomberg News
Bloomberg News
General Motors will end Oldsmobile production with its 2004 models (S)
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UNB, NORTHEAST OHIO BANK, TO PURCHASE BANCFIRST OHIO
Date: 07 September 2001
By Bloomberg News
Bloomberg News
UNB Corp agrees to buy BancFirst Ohio Corp for $193.4 million in stock (S)
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JOHNSON TOLD TO PAY $8.3 MILLION IN PATENT CASE
Date: 08 September 2001
By Bloomberg News
Bloomberg News
Jury decides that Johnson & Johnson must pay Boston Scientific Corp $8.3 million for infringing patent on stents that prop open clogged blood vessels; Boston Scientific sought $226 million (S)
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GENOMIC SOLUTIONS TO CUT 25% OF ITS WORK FORCE
Date: 08 September 2001
By Bloomberg News
Bloomberg News
Genomic Solutions Inc will cut 25 percent of its work force and close Lansing, Mich, plant in attempt to achieve profitability in 2002; it will also purchase Cartesian Technologies Inc (S)
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