Tears and a Confession From Another Rev. King
Date: 16 January 2001
By David Firestone
David Firestone
Rev Bernice A King, youngest daughter of Rev Dr Martin Luther King Jr, addresses reverent crowd at her father's old church in Atlanta, Ga, at family's annual King Day service; admits it was sometimes hard being his child and living with criticism and ridicule, persecution and misunderstanding he endured; King family has come under criticism for suing news organizations and scholars who use excerpts from King's speeches without paying family; Bernice King forcefully defends family's actions, saying family's only desire is to ensure that Dr King's legacy is presented properly; says it is not about money; Bernice King was 5 when her father was assassinated; she is only one of four children to have followed her father into ministry, and is often said to have inherited his oratorical gifts; photo (M)
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VERIZON REAPPLIES FOR LONG-DISTANCE IN MASSACHUSETTS
Date: 17 January 2001
By Bloomberg News
Bloomberg News
Verizon Communications resubmits application to sell long-distance phone service in Massachusetts after compiling new data for Federal Communications Commission (S)
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2 GROCERY DISTRIBUTORS WILL COMPETE TO SUPPLY KMART
Date: 17 January 2001
By Bloomberg News
Bloomberg News
Fleming Companies and Supervalu Inc, grocery distributors, says Kmart will cancel their supply agreements on June 30 because it plans to consolidate to single supplier; Supervalu's contract is worth $2.3 billion annually; Fleming's says it had $1.3 billion in sales attributable to Kmart in 2000; both will bid to become sole supplier; group, including Yucaipa Investment and billionaire investor Ronald Burkle, acquires 6 percent stake in Kmart (S)
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U.P.S. BUYS FIRST INTERNATIONAL BANCORP FOR $78 MILLION
Date: 17 January 2001
By Bloomberg News
Bloomberg News
United Parcel Service acquires First International Bancorp Inc for about $78 million in stock (S)
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LARGEST U.S. SUGAR PRODUCER FILES CHAPTER 11
Date: 17 January 2001
By Bloomberg News
Bloomberg News
Imperial Sugar Co, largest sugar producer in US, files for Chapter 11 bankruptcy court protection from creditors, listing $1.09 billion in assets and $775 million in debt; company cites glut of refined sugar, low prices and high energy costs as causes of widening losses in domestic sugar industry (S)
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FEDEX PLANS TO ORDER 10 SUPERJUMBO JETS FROM AIRBUS
Date: 17 January 2001
By Bloomberg News
Bloomberg News
FedEx Corp will order 10 A380 superjumbo jets from Airbus Industrie for $230 million apiece, for delivery starting in 2000 (S)
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CASINO COMPANY SUES DEVELOPER OVER LAS VEGAS HILTON
Date: 17 January 2001
By Bloomberg News
Bloomberg News
Park Place Entertainment Corp says Ed Roski, real estate developer, violated his agreement to buy Las Vegas Hilton for $365 million when he failed to appear at scheduled closing; says it will stop trying to sell property and will pursue legal remedies (S)
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PEPSI BOTTLING SAYS SALES VOLUME AND CASH FLOW ARE UP
Date: 17 January 2001
By Bloomberg News
Bloomberg News
Pepsi Bottling Group says sales by product volume rose 3 percent in fourth quarter, though cash flow rose by more than 20 percent because company raised soft-drink prices; PepsiCo Inc owns 40 percent of Pepsi Bottling (S)
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QWEST WILL BUY $1 BILLION OF ITS STOCK FROM BELLSOUTH
Date: 17 January 2001
By Bloomberg News
Bloomberg News
Qwest Communications International will buy about $1 billion of its stock from BellSouth; will buy about 22.2 million shares at $45 each, slightly less than Qwest's closing price on Jan 12; BellSouth also agrees to buy $250 million worth of services from Qwest, including Web site management and long-distance call time over five years, and pay for services with Qwest shares; transaction will reduce BellSouth's stake in Qwest from about 4.7 percent to 3.1 percent (S)
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A Truck Leasing Company Buys Another
Date: 16 January 2001
By Bloomberg News
Bloomberg News
Penske Truck Leasing acquires Rollins Truck Leasing Corp for about $754 million in cash to expand in US and Canada (S)
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