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28th of September 2000 News
Новини, як вони з'явилися на першій сторінці New York Times на 28 вересня 2000 р.
THE MARKETS: Market Place; News Corporation and Liberty Media complete an asset swap.
Date: 28 September 2000
By Geraldine Fabrikant
Geraldine Fabrikant
News Corp and Liberty Media Group agree to complex stock and asset swap in which Liberty Media will increase its stake in News Corp and News Corp will pick up Liberty's Gemstar-TV Guide International holdings; Liberty will swap roughly 86.5 million shares of Gemstar; deal is valued at about $5.3 billion; Liberty will also contribute some of its interest in South America cable businesses worth around $400 million; company will receive 121.5 million nonvoting News Corp American depository receipts, total value of $5.79 billion; that stake represents 80 percent of payment News Corp plans to make, giving entire Gemstar stock purchase a value of around $7.2 billion; Liberty's chairman, John C Malone, has agreed to take balance in Sky Global Networks stock worth $1.4 billion; Liberty will get roughly $400 million in additional Sky Global stock in exchange for South American cable businesses; deal is strategically important because it helps put valuation on Sky Global of about $38 billion shortly before its public offering, which is expected to take place by end of year (M)
Full Article
An Overview; The Wen Ho Lee Case
Date: 28 September 2000
Editorial overview of case against Wen Ho Lee, former nuclear scientist at Los Alamos National Laboratory who pleaded guilty to mishandling nuclear data; examines charges against Lee, as well as criticisms of Justice Department's handling of case; focuses on presentation of government's case by FBI Dir Louis J Freeh and Atty Gen Janet Reno before joint session of Senate Intelligence and Judiciary committees, which it says gave sobering account of Lee's pattern of suspicious and ultimately illegal activities; defends Times's coverage, which has been criticized in media and elsewhere, but admits that reporters too quickly accepted government's theory that espionage was main reason for Chinese nuclear advances and its view that Lee had been properly singled out as prime suspect; says, however, that Lee's gross and consistent mishandling of classified material beginning in 1993 seems beyond reasonable dispute (M)
Full Article
Tokyo Journal; A Demimonde Scrutinized After a Disappearance
Date: 29 September 2000
By Howard W. French
Howard French
Tokyo's hostess clubs are under harsh spotlight in British press since sudden disappearance in July of Lucie Blackman, 22-year-old British woman who came to Tokyo to live hostess life; Blackman case highlights what some experts and hostesses themselves say is feature that sets Japanese society apart from much of West: for Japanese men, paying for sex and other entertainment by women is common, and carries no stigma; some hostesses say clubs exert pressure on them to date customers; photo (M)
Full Article
Gore's Debate 'Advisers' Include Voices From the Campaign Trail
Date: 29 September 2000
By Kevin Sack
Kevin Sack
Vice Pres Gore has invited 13 'regular folks,' including 14-year-old high school freshman and 76-year-old retiree, to help him prepare for presidential debates; Gore aides say these people, all of whom Gore met in campaign appearances, will help brief him about concerns of real Americans; another purpose might be to provide fodder for newspaper and television stories in three days that Gore will be sequestered in Sarasota, Fla, for mock debates and strategy meetings; almost all of those Gore has invited come from important swing states where media is likely to compile reports about new Gore advisers; photos (M)
Full Article
Art Patrons With a Trans-Atlantic Reach; British Institutions Find Their Donor Walls Reinforced by Americans
Date: 28 September 2000
By Carol Vogel
Carol Vogel
Americans are among leading donors to arts institutions in Great Britain; among them are Maria-Theresa Heinz, Jayne Wrightsman, J Paul Getty 2d, Cynthia Polsky, Jonathan H Kagan and Raymond Sackler; beneficiaries include National Portrait Gallery, Royal Academy, British Museum and Somerset House; American money accounted for nearly 30 percent of all individual financing for $214 million Tate Modern in London, first new national museum in Britain in 100 years and first devoted solely to modern art; American corporations have also been generous; Bloomberg News, whose founder Michael Bloomberg is trustee of Met, gave Tate Modern more than $1.5 million; depending on how donations to British institutions are made, they can be tax-deductable in US; photos (M)
Full Article
VIACOM SETTLES WITH SHAREHOLDERS IN SPELLING BUYOUT
Date: 28 September 2000
By Bloomberg News
Bloomberg News
Viacom Inc agrees to pay more than $18.4 million to settle shareholder suits over its buyout of Spelling Entertainment Group Inc; in March 1999, Viacom offered $9 a share, or $167 million, for 20 percent of Spelling it did not own; group of Spelling shareholders sued, asserting they were being shortchanged in buyout (S)
Full Article
SIEMENS WILL PURCHASE ACUSON FOR $700 MILLION
Date: 28 September 2000
By Bloomberg News
Bloomberg News
Siemens AG acquires Acuson Corp, maker of ultrasound radiology devices, for about $700 million (S)
Full Article
PACKAGING CORP. TO SELL 385,000 ACRES OF TIMBERLAND
Date: 29 September 2000
By Bloomberg News
Bloomberg News
Packaging Corp of America, maker of containerboards, agrees to sell 385,000 acres of timberland to Southern Timber Ventures for $250 million in cash and one-third ownership stake in company (S)
Full Article
VERMONT TEDDY BEAR PLANS TO INCREASE PRODUCTION
Date: 29 September 2000
By Bloomberg News
Bloomberg News
Vermont Teddy Bear Co plans to increase production at Newport, Vt, plant by 50 percent to meet growing demand (S)
Full Article
PILGRIM'S PRIDE IN $240 MILLION DEAL FOR WLR FOODS
Date: 29 September 2000
By Bloomberg News
Bloomberg News
Pilgrim's Pride Corp, leading chicken producer, acquires WLR Foods Inc for $240 million and assumption of $60 million of debt (S)
Full Article
