Time Warner-Murdoch Feud Entangles MCI Satellite Plan
Date: 16 November 1996
By Mark Landler
Mark Landler
Time Warner Inc is taking its cable-television feud with Rupert Murdoch's News Corp to the skies; Time Warner pres Richard D Parsons, in letter to FCC, urges commission to withhold approval of MCI Communications' application for satellite license because MCI is being acquired by foreign company, British Telecommunications; letter contends FCC would open door to 'foreign ownership violation' if it grants license to MCI; execs familiar with situation say real target of Time Warner's request is not MCI but its partner, the News Corp (M)
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The Inside Track for Cable
Date: 17 November 1996
By Max Frankel
Max Frankel
Max Frankel article on Rupert Murdoch's battle with Time Warner's Gerald Levin and Ted Turner for access to New York City cable market for his Fox News Channel; sees battle as part of war between media barons for ownership of both cable television distribution and content; urges separating ownership of cable and content and regulating cable as monopoly; drawing (M)
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Author of 'Primary Colors' Talks Politics
Date: 17 November 1996
By Donna Greene
Donna Greene
Joe Klein, the political journalist and author of Primary Colors, reflects on the November elections, the relationship between government, press and people and the inspiration he received from Arthur Naething, who taught him at Hackley School in Tarrytown; photo (M)
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SHARES FALL AT HEALTH MANAGEMENT SYSTEMS
Date: 16 November 1996
By Bloomberg News
Bloomberg News
Shares of Health Management Systems Inc fall 34 percent after company says fourth-quarter earnings will not meet analysts' expectations (S)
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KCS ENERGY TO BUY OIL AND GAS UNIT OF MIDAMERICAN
Date: 16 November 1996
By Bloomberg News
Bloomberg News
KCS Energy Inc says that it agreed to buy Intercoast Oil and Gas Company, oil and natural gas unit of Mid-American Energy Co, for $210 million in cash and 435,000 common stock warrants (S)
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SUIT FILED OVER ROCKEFELLER CENTER SALE
Date: 16 November 1996
By Bloomberg News
Bloomberg News
Group of shareholders of former Rockefeller Center Properties Inc files lawsuit charging that David Rockefeler, Goldman, Sachs and others committed securities fraud in their $1.2 billion purchase of company earlier this year; case discussed (S)
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Russians Do Fine On the Big Board
Date: 16 November 1996
By Bloomberg News
Bloomberg News
American depository receipts of Vimpel-Communications AO, first Russian company to trade on New York Stock Exchange, soar in their first day of trading (S)
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Prudential Unit Agrees to Settlement
Date: 16 November 1996
By Bloomberg News
Bloomberg News
Prudential Securities Inc says that it agreed to pay $18 million to settle charges related to bankruptcy of Foundation for New Era Philanthropy; trustee in case had sued Prudential Securities, demanding return of tens of millions of dollars that passed through firm as part of what Federal officials call Ponzi scheme run by New Era (S)
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Honda Net Gains Almost 300% In Half-Year as U.S. Sales Surge
Date: 16 November 1996
By Bloomberg News
Bloomberg News
Honda Motor Co says that its earnings soared almost 300 percent in fiscal first half of year as sales, particularly in United States, rose strongly; says net income in fiscal first half, which ended Sept 30, soared 292 percent, to 94.9 billion yen, or about $853 million; Mazda Motor Corp also has improved results, despite falling sales; posts first-half profit for first time in four years; reports current profit of 2.1 billion yen (S)
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Dollar Off vs. Yen as Traders Doubt Commitment to Strength
Date: 16 November 1996
By Bloomberg News
Bloomberg News
Currency Markets column; dollar falls against yen, touching seven-week low, amid lingering doubts that Japan and United States are committed to stronger dollar (M)
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