Weak Results Are Reported By News Corp.
Date: 21 August 1997
By Bloomberg News
Bloomberg News
News Corp says full-year results indicated that company lost $238 million in its fourth-quarter, compared with profit of $190 million in quarter a year earlier; profit from operations fell to $142 million from $250 million a year earlier; company says it will buy back as much as $1 billion of its preferred limited-voting ordinary shares (M)
Full Article
Knight-Ridder Near Sale of Unit
Date: 22 August 1997
By Bloomberg News
Bloomberg News
M.A.I.D. PLC, British on-line provider of business information, says it is close to acquiring Knight-Ridder Information Inc for what analysts say might be as much as $500 million (S)
Full Article
HALTER AND BOLLINGER TO PURSUE CONTRACTS TOGETHER
Date: 21 August 1997
By Bloomberg News
Bloomberg News
Halter Marine Group Inc and privately owned Bollinger Shipyards Inc say they will form joint venture to pursue contracts potentially worth $10 billion to upgrade Coast Guard ships and aircraft; Avondale Industries Inc, Litton Industries Inc and Newport News Shipbuilding Inc are also looking to pursue Coast Guard contracts (S)
Full Article
Despite Rumors, Hamill Remains Daily News Editor
Date: 22 August 1997
By Frank Bruni
Frank Bruni
New York Daily News editor-in-chief Pete Hamill denies rumors that he has been dismissed by co-publisher Mortimer B Zuckerman (M)
Full Article
Trial of a Drug Czar Tests Mexico's New Democracy
Date: 22 August 1997
By Sam Dillon
Sam Dillon
Gen Jesus Gutierrez Rebollo, highest-ranking Mexican official ever tried on narcotics charges, is six months into proceedings against him; proceedings have provoked tensions both inside military and out, and are posing watershed test for Mexico's simultaneous effort to implant fledgling democracy and pursue troubled war on drugs; Gutierrez Rebollo has promised to fill out his vague accusations against Mexican elite by naming names; but minutes before his testimony, authorities barred reporters from proceedings and defense lawyers postponed his appearance; photo (M)
Full Article
TESORO TO BUY UNOCAL'S ALASKA OIL PRODUCTION
Date: 21 August 1997
By Bloomberg News
Bloomberg News
Tesoro Petroleum Corp will buy all of Unocal Corp's crude oil production from Alaska's Cook Inlet field, allowing Tesoro to increase profitability of its refining unit by $2.5 million to $4 million a year; terms undisclosed (S)
Full Article
GOODYEAR UNIT AGREES TO BUY INDOMAX ASSETS
Date: 21 August 1997
By Bloomberg News
Bloomberg News
Goodyear Tire and Rubber Co's Engineered Products unit agrees to buy assets of Indomax CA, automotive hose maker in Venezuela, and three affiliates, as it continues its expansion in South America; terms undisclosed (S)
Full Article
TIDEWATER SAYS IT MAY SELL COMPRESSION OPERATION
Date: 22 August 1997
By Bloomberg News
Bloomberg News
Tidewater Inc will consider ways to shed its natural gas compression unit to focus on its primary business of providing vessels for offshore energy industry (S)
Full Article
PHONETEL CANCELS DEAL FOR COMMUNICATIONS CENTRAL
Date: 22 August 1997
By Bloomberg News
Bloomberg News
Communications Central Inc says Phonetel Technologies Inc has canceled its agreement to buy it for about $85 million in cash and assumption of debt (S)
Full Article
FUJITSU RAISES BID FOR AMDAHL TO $12.40 A SHARE
Date: 22 August 1997
By Bloomberg News
Bloomberg News
Fujitsu Ltd, which already owns 42 percent of Amdahl Corp, raises its bid for remainder by 3.3 percent, to $878 million, or $12.40 a share, in effort to settle shareholder lawsuits against proposed purchase (S)
Full Article