Waco Pins Its Hopes for Image on Bush Ranch
Date: 16 February 2001
By Jim Yardley
Jim Yardley
Residents of Waco, Tex, are overjoyed to learn that Pres Bush plans regular visits to his nearby ranch in Crawford; when he visits, White House press corps will bunk in Waco, nearest city to ranch; countywide task force is preparing for media juggernaut, as well as Secret Service and rest of presidential entourage; Wacoans hope city can shed its previous image as site of standoff that ended with deaths of David Koresh and 80 Branch Davidians; photos; map (M)
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VICORP RESTAURANTS HAS AGREED TO A BUYOUT
Date: 17 February 2001
By Bloomberg News
Bloomberg News
Vicorp Restaurants Inc agrees to be bought by investor group for $174 million; Vicorp controls Bakers Square and Village Inn restaurants (S)
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PEDIATRIX MEDICAL IS BUYING MAGELLA FOR $141 MILLION
Date: 16 February 2001
By Bloomberg News
Bloomberg News
Pediatrix Medical Group agrees to buy Magella Healthcare Corp for $141 milllion in stock; acquisition will add doctors to Pediatrix management practices in hospital neonatal intensive care units; Pediatrix will also assume about $48.5 million in Magella debt and subordinated notes (S)
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COVAD COMMUNICATIONS TO CLOSE 60 MORE OFFICES
Date: 17 February 2001
By Bloomberg News
Bloomberg News
Covad Communications Group, provider of Internet service over telephone lines, will shut 60 more offices; share price falls 31 percent (S)
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DURACELL REDESIGNS ITS MAIN LINE OF BATTERIES
Date: 17 February 2001
By Bloomberg News
Bloomberg News
Gillette Co's Duracell unit redesigns its battery line to try to reverse declining sales (S)
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I.B.M. AND ERICSSON TO SELL BANK PRODUCTS JOINTLY
Date: 16 February 2001
By Bloomberg News
Bloomberg News
IBM and Ericsson AB agree to sell products jointly to help banks provide advanced wireless services, including mobile trading and payments; financial terms undisclosed (S)
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WESTFIELD AMERICA TRUST TO BUY REST OF U.S. AFFILIATE
Date: 16 February 2001
By Bloomberg News
Bloomberg News
Westfield America Trust Ltd of Australia agrees to buy part of its US shopping mall affiliate, Westfield America Inc, it does not already own for $268 million in cash; will also assume about $452 million of debt (S)
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ALLTEL SAYS IT WILL CUT 1,000 JOBS TO REDUCE EXPENSES
Date: 16 February 2001
By Bloomberg News
Bloomberg News
Alltel Corp, provider of wireless, local and long-distance telephone services, will cut 1,000 jobs, or 3.7 percent of its work force, as part of plan to reduce expenses (S)
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VOLVO PLANS TO CUT 400 MORE JOBS IN NORTH AMERICA
Date: 17 February 2001
By Bloomberg News
Bloomberg News
Volvo, heavy-truck maker, will cut 400 more jobs in North America and reduce production, after laying off 1,000 and reducing production three times in 2000; January sales fall 20 percent (S)
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RATE CUT IN INDIA
Date: 17 February 2001
By Bloomberg News
Bloomberg News
India's central bank cuts interest rate it charges banks by one-half percent, to 7.5 (S)
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