An assurance that HarperCollins isn't for sale still leaves agents and authors wary.
Date: 11 August 1997
By Doreen Carvajal
Doreen Carvajal
HarperCollins faces task of convincing agents and authors of its commitment to future following announcement by its parent News Corp that it had no plans to sell struggling publishing house; some agents are warning their authors to look elsewhere for publisher; rival publishers, sensing opportunity, have already started putting out feelers to some popular HarperCollins authors; one of these, Susan Isaacs, says she will stay with HarperCollins, but she made pointed critique of publisher's decision to cancel more than 100 books for missed deadlines and work house deemed unpublishable in currently weak market; photo (M)
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CGI TO BUY TELEGLOBE'S INSURANCE SERVICES UNIT
Date: 12 August 1997
By Bloomberg News
Bloomberg News
Montreal-based CGI Group Inc agrees to buy insurance systems unit of Teleglobe Inc for $140 million (Canadian), or $100 million (US), in cash and preferred shares (S)
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PENNEY TO OFFER EARLY RETIREMENT TO MANAGERS
Date: 12 August 1997
By Bloomberg News
Bloomberg News
J C Penney Co will offer voluntary early retirement to 1,500, or about 5 percent, of its management employees and expects to take $200 million pretax charge against earnings later this year to pay for the program (S)
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GENICOM BUYS DIGITAL'S PRINTING SYSTEMS UNIT
Date: 12 August 1997
By Bloomberg News
Bloomberg News
Genicom Corp buys Digital Equipment Corp's printing systems business for undisclosed price, broadening its reach in helping companies set up and maintain computer printers (S)
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FAIRFIELD COMMUNITIES IN STOCK DEAL FOR VACATION BREAK
Date: 12 August 1997
By Bloomberg News
Bloomberg News
Fairfield Communities Inc will acquire resort operator Vacation Break USA Inc for $190.2 million in stock (S)
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UNISOURCE TO PAY $163 MILLION FOR NATIONAL SANITARY
Date: 12 August 1997
By Bloomberg News
Bloomberg News
Unisource Worldwide Inc agrees to acquire National Sanitary Supply Co for about $163 million in cash plus assumed debt (S)
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NORFOLK SOUTHERN AND CSX BACK DELAWARE OTSEGO DEAL
Date: 12 August 1997
By Bloomberg News
Bloomberg News
Norfolk Southern Corp and CSX Corp say they plan to finance management buyout of Delaware Otsego Corp; two railroad companies and Walter G Rich, Delaware Otsego's chief executive, will pay $40.43 million to acquire Delaware Otsego shares at $19 each, assume about $11 million of debt and repay $6.75 million of debt (S)
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Stocks Decline in Japan
Date: 11 August 1997
By Bloomberg News
Bloomberg News
Stocks trade lower in Tokyo on Aug 11; at midday break, Nikkei index of 225 stocks is down 351.23 points, or 1.79 percent, at 19,253.23 (S)
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Swedish Jobless Rate Fell to 10.8% in July
Date: 12 August 1997
By Bloomberg News
Bloomberg News
Sweden's unemployment rate fell to 10.8 percent of labor force in July from 11.3 percent in July 1996 (S)
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Consumer Prices Fell Last Month in Norway
Date: 12 August 1997
By Bloomberg News
Bloomberg News
Norwegian consumer prices unexpectedly fell two-tenths of 1 percent in July from June and rose 2.2 percent from year earlier (S)
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