Man in the News; 'Quintessential Salesman' Is Poised to Take the Helm at AT&T
Date: 20 October 1997
By Andrew Pollack
Andrew Pollack
Man in the News profile of C Michael Armstrong, who is expected to be named chairman and chief executive of AT&T; photo (M)
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Investing In Integrity Pays
Date: 20 October 1997
By Tom Rosenstiel
Tom Rosenstiel
Tom Rosenstiel Op-Ed article opposing planned reorganization of Los Angeles Times by publisher Mark Wiles along lines of consumer brand companies, in which each section of newspaper will be treated as independent business unit, with editors teamed with business partners; says newspaper cannot be run like other consumer businesses since journalists first obligation is to citizen, and business person's is to shareholder; says mixing journalist's task with that of business person will result in muddled and suspect journalism that readers hate (M)
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MANAGEMENT GROUP OFFERS TO BUY SYBRON CHEMICALS
Date: 21 October 1997
By Bloomberg News
Bloomberg News
Sybron Chemicals Inc says group of its major shareholders and manangement will buy shares it does not own already, for as much as $103 million; investor group includes Citicorp Venture Capital Ltd (S)
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DISCOUNT AUTO PARTS TO ACQUIRE HI-LO AUTOMOTIVE
Date: 21 October 1997
By Bloomberg News
Bloomberg News
Discount Auto Parts Inc agrees to buy Hi-Lo Automotive Inc for $37.2 million in stock (S)
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DEN AMERICA REJECTS OFFER FOR BLACK EYED PEA UNIT
Date: 21 October 1997
By Bloomberg News
Bloomberg News
Den America Corp rejects WAM Acquisitions LLC's $69 million takeover offer for its Black Eyed Pea restaurants unit and settles its lawsuit over issues arising after its purchase of chain; Den America, also largest Denny's restaurant franchiser, says it will stick with its plan to expand 100-restaurant Black Eyed Pea chain and sell some of its Denny's restaurants (S)
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Updates/Media and Technology; British Cable Companies Reach Deal With Warner On Rights to Movies
Date: 20 October 1997
By Bloomberg News
Bloomberg News
Four British cable companies sign contracts to show Warner Brothers films on pay-per-view basis and are close to signing two more Hollywood studios; contracts mean customers of four cable companies can watch films from studio without using British Sky Broadcasting Group, which now has exclusive distribution rights (S)
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Stocks Rise in Japan
Date: 21 October 1997
By Bloomberg News
Bloomberg News
Stocks trade higher in Tokyo on Oct 21; at midday recess, Nikkei index of 225 issues us up 233.16 points, or 1.35 percent, at 17,527.67 (S)
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New Offer Confirmed for Lin Television
Date: 21 October 1997
By Bloomberg News
Bloomberg News
Raycom Media Inc says it offered to buy Lin Television Corp for more than $1.7 billion, topping earlier bid from Hicks, Muse, Tate & Furst Inc; Raycom would assume $270 million in debt (M)
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Foster's Brewing Buys Breweries in Vietnam
Date: 21 October 1997
By Bloomberg News
Bloomberg News
Foster's Brewing Group Ltd says it bought two breweries in Vietnam from Brasserie et Glacieres Internationales for about $57 million (S)
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Union Carbide Plans To Reduce Costs
Date: 21 October 1997
By Bloomberg News
Bloomberg News
Union Carbide Corp sets goal to reduce costs by $1.1 billion annually by year 2000, doubling target it set in 1995; William Joyce, chairman, does not provide any details on savings (S)
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