Shipyard Strikers Demand 'Justice'
Date: 10 April 1999
By Steven Greenhouse
Steven Greenhouse
More than 8,000 workers at Newport News Shipbuilding in Virginia are on strike, in one of largest walkouts this decade; strikers are members of United Steelworkers of America; they are demanding that shipyard reward them after they helped nurse it back to financial health by agreeing to 50-month wage freeze in their last contract; company lost money in 1997, but in 1998 it earned $66 million; officials say it is still not enough to award large raises sought by union; both sides appear to be digging in, with neither asking other to return to bargaining table; photos (M)
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COMPASS GAINS ON NEWS IT REJECTED AMSOUTH BID
Date: 10 April 1999
By Bloomberg News
Bloomberg News
Compass Bancshares Inc shares rise on report that bank rejected takeover offer from the rival AmSouth Bancorp in December (S)
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AT&T TO BUY A CELLULAR BUSINESS FROM BELLSOUTH
Date: 10 April 1999
By Bloomberg News
Bloomberg News
AT&T Corp will buy BellSouth Corp's cellular business in Honolulu, Honolulu Cellular Telephone (S)
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GOODRICH TO DELAY ITS PURCHASE OF COLTEC INDUSTRIES
Date: 10 April 1999
By Bloomberg News
Bloomberg News
B F Goodrich will delay purchase of Coltec Industries until judge rules on Allied Signal Inc motions to block deal; Goodrich and Coltec shareholders approve deal (S)
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BELL ATLANTIC ORDERS $1.8 BILLION IN EQUIPMENT
Date: 09 April 1999
By Bloomberg News
Bloomberg News
Bell Atlantic Corp orders $1.8 billion in phone equipment from Alcatel SA and Northern Telecom Ltd, as it expands capacity of its network to handle data communications (S)
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RYDER SYSTEM SAYS IT IS LOOKING FOR A NEW PRESIDENT
Date: 09 April 1999
By Bloomberg News
Bloomberg News
Ryder System Inc is looking for new president and chief operating officer, two days after warning that first-quarter earnings will be lower than expected; M Anthony Burns will relinquish title of president after Ryder finds replacement; Burns will remain chairman and chief executive (S)
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PPG INDUSTRIES TO PURCHASE ICI SPECIALTY COATINGS
Date: 10 April 1999
By Bloomberg News
Bloomberg News
PPG Industries will buy Imperial Chemical Industries' specialty coatings business (S)
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CRESCENT PLANNING TO SELL $500 MILLION OF PROPERTIES
Date: 09 April 1999
By Bloomberg News
Bloomberg News
Crescent Real Estate Equities Inc, led by investor Richard Rainwater, to sell $500 million to $650 million of its office properties this year (S)
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FUND OF GOLDMAN SACHS SEEN IN SOUTH KOREA INVESTMENT
Date: 10 April 1999
By Bloomberg News
Bloomberg News
Goldman Sachs Group LP fund reportedly plans to buy about 20 percent stake in South Korea's Kookmin Bank for $500 million (S)
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CISCO AGREES TO PAY $445 MILLION FOR TWO COMPANIES
Date: 09 April 1999
By Bloomberg News
Bloomberg News
Cisco Systems Inc agrees to buy Fibex Systems and Sentient Networks Inc for $445 million in stock in two separate transactions (S)
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