PBS Works on Morning Foreign News
Date: 24 December 1997
By Lawrie Mifflin
Lawrie Mifflin
PBS morning news program, World Watch, is planned for spring, produced in London by Independent Television News, and anchored by Arthur Kent; photo; program was envisioned by Steve Antoniotti, of Detroit's public television station, to address dearth of international news coverage on television; show will have four 15-minute segments which stations can use as they wish; underwriters are being sought (S)
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TV Notes; Evening News Gains Viewers
Date: 24 December 1997
By Lawrie Mifflin
Lawrie Mifflin
Evening news programs on three major television networks have retained share of viewers from last year, even posting slight gain; differences in programming noted (S)
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OCEAN ENERGY AND UNITED MERIDIAN TO MERGE
Date: 24 December 1997
By Bloomberg News
Bloomberg News
Ocean Energy Inc and United Meridian Corp agree to merge, creating ninth-largest American company exclusively exploring for oil and gas and giving them resources to pursue deep-water projects in Gulf of Mexico and off coast of West Africa; merged company will be called Ocean Energy Inc and will be based in Houston (S)
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APPLE SOUTH TO SELL 264 RESTAURANTS
Date: 24 December 1997
By Bloomberg News
Bloomberg News
Apple South Inc says that it will sell its 264 Applebee's restaurants and concentrate on expanding its other restaurant chains; restaurant operator based in Madison, Ga, says it has agreements to sell 92 restaurants for $208.4 million and plans to sell the rest during next 12 to 18 months (S)
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PSINET CUTS OFFER FOR ISTAR INTERNET BY 38%
Date: 25 December 1997
By Bloomberg News
Bloomberg News
Psinet Inc lowers its takeover offer for Istar Internet Inc by 38 percent, to $21.8 million (Canadian), or $15.3 million (US), in cash in wake of 61 percent drop in Istar's stock price since Nov 10 agreement between two companies (S)
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SFX BROADCASTING TO BUY PACE FOR $130 MILLION
Date: 25 December 1997
By Bloomberg News
Bloomberg News
SFX Broadcasting Inc agrees to acquire Pace Entertainment Corp for about $130 million; will also buy two-thirds of Pavilion Partners, which owns 11 amphitheaters, that it does not already own from Viacom Inc and Sony Music Entertainment (S)
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IVAX SELLING PLANT TO GOLDSTAR FOR $21 MILLION
Date: 25 December 1997
By Bloomberg News
Bloomberg News
Ivax Corp is selling its Golden Glades pill-making factory and other assets to Goldstar Pharmaceuticals Inc for $21 million (S)
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GE CAPITAL TO BUY LENDER FROM SWISS BANK
Date: 24 December 1997
By Bloomberg News
Bloomberg News
GE Capital Services agrees to buy Bank Prokredit, consumer credit and auto lender, from Swiss Bank Corp for undisclosed amount (S)
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TRW AGREES TO SELL UNIT TO WIN BDM DEAL APPROVAL
Date: 25 December 1997
By Bloomberg News
Bloomberg News
TRW Inc agrees to sell Pentagon engineering and technical assistance business as condition of antitrust clearance for its $975 million acquisition of BDM International Inc; in settlement with Federal Trade Commission, TRW agrees to sell part of BDM's business that provides engineering and technical assistance to Defense Department's ballistic missile defense program (S)
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Treasury Securities Fall in Price
Date: 25 December 1997
By Bloomberg News
Bloomberg News
US Treasury prices fall in shortened session, first decline in bonds in five sessions; price of 30-year Treasury bond falls 19/32, to 103; yield rises to 5.91 percent from 5.87 percent on Dec 23; graph (M)
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