Different Cycles For News Media Test New Media
Date: 20 March 2000
By Jim Rutenberg
Jim Rutenberg
Inherent difference in approach to breaking stories by electronic and print media is likely to become more visible as newspapers increasingly link up with television and Internet to extend their brands; issue is particularly acute in business news, where cable television and Web place premium on being fast and first; different approaches can be seen in one instance in which possible merger was highlighted on cable program and given far less prominence in newspaper after more thorough research; photos (M)
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Media Talk; Journalists Among The Online Crowd
Date: 20 March 2000
By Allison Fass
Allison Fass
Middleberg & Associates survey of print journalists finds 73 percent of those responding say they went online at least once a day, up from 48 percent in 1998; finds most popular use was research, displacing e-mail, though both were up from 1998; graph (M)
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NETGROCER.COM SELLING 22% STAKE TO PARMALAT
Date: 21 March 2000
By Bloomberg News
Bloomberg News
NetGrocer.com Inc will sell 22 percent stake to Parmalat Finanziaria for $30 million to help finance its expansion (S)
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AMAZON.COM INVESTS $60 MILLION IN KOZMO.COM
Date: 21 March 2000
By Bloomberg News
Bloomberg News
Amazon.com has invested $60 million in Kozmo.com (S)
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AVIATION SALES WARNS OF $72 MILLION CHARGE
Date: 21 March 2000
By Bloomberg News
Bloomberg News
Aviation Sales Co warns that it will take fourth-quarter charges of about $72 million as it reviews its accounting practices, sending its shares down 19 percent (S)
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CNA FINANCIAL MAKES OFFER FOR CNA SURETY SHARES
Date: 21 March 2000
By Bloomberg News
Bloomberg News
CNA Financial Corp, insurance company controlled by billionaire investor Laurence Tisch and his family, offers to pay $215 million for shares of CNA Surety Corp it does not already own (S)
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Metro Business; Witkoff Group Buys 11 Buildings in SoHo
Date: 21 March 2000
By Bloomberg News
Bloomberg News
Witkoff Group acquires 11 historic buildings in lower Manhattan for $32 million from Rava Management (S)
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Siemens-Mannesmann Link Is Set
Date: 20 March 2000
By Bloomberg News
Bloomberg News
Siemens says its auto-parts unit plans partnership with VDO, Mannesmann's auto-parts business; Siemens and Mannesmann's Atecs unit will reportedly hold equal stakes in VDO (S)
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Price of Oil Falls to 3-Week Low In Anticipation of OPEC Actions
Date: 21 March 2000
By Bloomberg News
Bloomberg News
Price of crude oil falls almost 5 percent to three-week low on mounting expectations that OPEC will decide next week to increase output enough to meet second-quarter demand and increase inventories; crude oil for April delivery falls as much as $1.48, or 4.8 percent, to $29.43 a barrel on New York Mercantile Exchange; graph; chart (M)
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Lehman's Profits More Than Double on Investment Banking Gains
Date: 21 March 2000
By Bloomberg News
Bloomberg News
First-quarter profits at Lehman Brothers Holdings more than doubled, driven by surge in trading revenue and gains in investment banking; net income for quarter ended Feb 29, rose 157 percent, to $541 million from $211 million a year ago; net revenue doubled to $2.2 billion from $1.1 billion (M)
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