News Corporation Says Profits Soared Fourfold in 3d Quarter
Date: 08 May 1997
By Bloomberg News
Bloomberg News
News Corp says earnings rose roughly fourfold in its third fiscal quarter; net income was $330 million (Australian), or $257 million (US), up from $77 million (Australian); sales rose 23 percent, to $3.7 billion (Australian) (M)
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Another Magazine by Bellow
Date: 07 May 1997
Saul Belllow launches his third literary magazine, News From the Republic of Letters (S)
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Artist With a Local Lens
Date: 07 May 1997
Editorial tribute to columnist Murray Kempton, who died recently at age 79 (S)
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Dollar Retreats a Second Day; Report on Intervention Cited
Date: 08 May 1997
By Bloomberg News
Bloomberg News
US dollar falls for second day after Japanese news agency reports that central banks of Japan, Germany and US are preparing to sell it in an effort to halt its two-year rally (S)
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GILLETTE PLANS TO CUT 1,700 JOBS IN RESTRUCTURING
Date: 07 May 1997
By Bloomberg News
Bloomberg News
Gillette Co plans to cut about 1,700 jobs as it eliminates duplicated operations after its acquisition of Duracell International Inc; Gillette took fourth-quarter charge of $283 million for expected restructuring costs and other expenses associated with Duracell acquisition (S)
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REPUBLIC REPORTS BIG GAIN ON SALE OF ADT STOCK
Date: 08 May 1997
By Bloomberg News
Bloomberg News
Republic Industries says it sold 15 million shares of ADT Ltd for $412.5 million, making a 38 percent profit in little more than a month (S)
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FIRST MONTH BRINGS 100 SATURN SALES IN JAPAN, G.M. SAYS
Date: 08 May 1997
By Bloomberg News
Bloomberg News
General Motors Corp's Saturn division sold about 100 cars in its first month of sales in Japan (S)
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TCW GROUP TO REMAIN PRIVATE MONEY MANAGEMENT FIRM
Date: 07 May 1997
By Bloomberg News
Bloomberg News
TCW Group Inc chairman-chief executive Robert Day says money management firm is no longer for sale (S)
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S.E.C. BEGINS FORMAL INVESTIGATION OF NINE WEST
Date: 07 May 1997
By Bloomberg News
Bloomberg News
Nine West Group Inc says Securities and Exchange Commission has started formal investigation of company policies for recording revenue (S)
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CENTURY TELEPHONE SELLS LOCAL EXCHANGE CARRIERS
Date: 07 May 1997
By Bloomberg News
Bloomberg News
Century Telephone Enterprises Inc says Brooks Fiber Properties Inc has bought its local exchange carriers for $107 million in stock; Brooks Fiber provides telecommunications services in several cities; Century provides service in Midwest and South; Brooks Fiber's acquisition will allow it to own fiber optic networks in Texas (S)
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