NEWS CORPORATION AGREES TO TRADE TELEVISION STATION
Date: 23 March 2002
By Seth Schiesel (NYT)
Seth NYT
News Corp agrees to exchanges KPTV, its television station in Portland, Ore, for two Meredith Corp stations in Florida, WOFL in Orlando and WOGX in Ocala (S)
Full Article
Taiwan Officials Confiscate Copies of Magazine Over an Article
Date: 22 March 2002
By Mark Landler
Mark Landler
Taiwan's government stuns its freewheeling news media by seeking to ban weekly magazine Next as it prepares to publish article potentially damaging to Pres Chen Shui-bian; police and prosecutors claim article could jeopardize Taiwan's national security; confiscate 160,000 copies of magazine; Next is still able to distribute 220,000 copies; at issue is report of secret $100 million fund reportedly used by former Pres Lee Teng-hui and officials in current government for diplomatic missions and policy initiatives; most damaging aspect of article is allegation that secret funds continue to exist in administration of Chen, who ran on platform of clean government (M)
Full Article
Killing Suspect to Be Tried Under the Laws of Pakistan
Date: 22 March 2002
By Raymond Bonner
Raymond Bonner
Muslim militant Ahmed Omar Sheikh will be formally charged with kidnapping and murder of American journalist Daniel Pearl in Pakistan; move is likely to complicate and possibly thwart American attempts to have Sheikh handed over to United States for prosecution; Pakistani officials say key factor in deciding against handing over Sheikh to Americans is powerful Inter-Services Intelligence agency, which apparently fears Sheikh might reveal links between it and extremist Islamic groups (M)
Full Article
BARR LABORATORIES IS BUYING ENHANCE PHARMACEUTICALS
Date: 22 March 2002
By Bloomberg News
Bloomberg News
Barr Laboratories, which makes generic versions of brand-name drugs, acquires Enhance Pharmaceuticals for $44 million (S)
Full Article
EXECUTIVE RESIGNS AND L90 PAYS TO END A MERGER
Date: 22 March 2002
By Bloomberg News
Bloomberg News
L90 Inc Internet marketing company, says chief financial officer Thomas Sebastian has resigned; adds it has paid eUniverse undisclosed amount to end their merger (S)
Full Article
JOHNSON & JOHNSON TO ACQUIRE BELGIAN DRUG MAKER
Date: 23 March 2002
By Bloomberg News
Bloomberg News
Johnson & Johnson will buy Tibotec-Virco, Belgian drug maker, for $320 million (S)
Full Article
CARNIVAL, THE CRUISE COMPANY, REPORTS HIGHER PROFIT
Date: 22 March 2002
By Bloomberg News
Bloomberg News
Carnival Corp says net income rose to $129.6 million in its first quarter from $128 million year earlier; revenue fell 10 percent, to $905.8 million (S)
Full Article
RESTORATION HARDWARE RESTATES 2 YEARS OF EARNINGS
Date: 22 March 2002
By Bloomberg News
Bloomberg News
Restoration Hardware shares fall more than 8 percent after it says it is restating almost two years of earnings as it changes way it accounts for some revenue; costs to close stores and eliminate slow-selling products results in loss of $12.4 million in fourth quarter ended Feb 2 (S)
Full Article
$132 MILLION IS AWARDED TO INVESTOR IN S.& L. CASE
Date: 22 March 2002
By Bloomberg News
Bloomberg News
Federal judge awards James M Fail, investor in Bluebonnet Savings Bank, $132 million, second-largest award so far in 120 related lawsuits against US stemming from savings and loan crisis of 1980's (S)
Full Article
3 MORE AIRLINES ELIMINATE COMMISSIONS TO TRAVEL AGENTS
Date: 22 March 2002
By Bloomberg News
Bloomberg News
United Airlines and US Airways Group join rivals in scrapping most commissions paid to travel agents in US and Canada; American Trans Air also matches change, while Vanguard Airlines says it will keep paying 5 percent commission (S)
Full Article