It's Official: '60 Minutes' Gets Double
Date: 16 July 1998
By Bill Carter
Bill Carter
CBS says 60 Minutes, oldest and most successful news program in history of television, will expand to second edition early next year; new program, to be called 60 Minutes II, will include many elements of the original; no new correspondents are named, but executive producer will be Jeff Fager, currently executive producer of Evening News With Dan Rather; Fager will be replaced at evening news by Al Ortiz; Don Hewitt, creator and executive producer of 60 Minutes, will serve as consultant on new edition (M)
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Liberties; How About Our Needs?
Date: 15 July 1998
By Maureen Dowd
Maureen Dowd
Maureen Dowd observes that summer of '98 will be remembered as summer that news media decided to forget about news and focus on themselves; sees guild in midst of weird collective breakdown; observes that while journalists have always been self-regarding, now 'we're positively solipsistic, with no time or interest in covering anything outside our own travails' (M)
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Essay; Hell Freezes Over
Date: 16 July 1998
By William Safire
William Safire
William Safire's Op-Ed column on role of journalists in uncovering evidence of financial misdeeds by Democrats in 1996 election campaign (M)
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CAREMATRIX IN $100 MILLION DEAL FOR SENIORCARE GROUP
Date: 15 July 1998
By Bloomberg News
Bloomberg News
Carematrix Corp will buy Seniorcare Group Ltd for $100 million in cash and assumption of $50 million of debt (S)
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INTRAWEST ACQUIRES SANDESTIN RESORTS FOR $130 MILLION
Date: 15 July 1998
By Bloomberg News
Bloomberg News
Intrawest Corp purchases Sandestin Resorts hotel and conference site in Florida for about $130 million from Sime Darby of Malaysia (S)
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PACIFICARE SELLS MONEY-LOSING UNIT TO UTAH GROUP
Date: 16 July 1998
By Bloomberg News
Bloomberg News
Pacificare Health Systems Inc plans to sell its money-losing Utah operations to group of investors led by local health-care executive, Val H Christensen, and Kurt Larsen (S)
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AVX DISMISSES 700 EMPLOYEES AFTER EARNINGS DROP 50%
Date: 15 July 1998
By Bloomberg News
Bloomberg News
AVX Corp has dismissed about 700 employees in last three months as company profits fell 50 percent (S)
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ALCOA TO CUT $1.1 BILLION BY END OF 2000 WITHOUT LAYOFFS
Date: 15 July 1998
By Bloomberg News
Bloomberg News
Aluminum Co of America plans to slash $1.1 billion in costs by end of 2000, as it tries to increase profit and eliminate overlapping expenses after it buys Alumax Inc; Alcoa does not plan any layoffs (S)
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OLSTEN TO BUY BACK 4 MILLION SHARES AND CUT DIVIDEND
Date: 16 July 1998
By Bloomberg News
Bloomberg News
Olsten Corp will buy back as many as 4 million, or about 5 percent, of its common shares outstanding and plans to cut its quarterly dividend payment by 43 percent (S)
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Pakistan's Debt Rating Is Lowered by S.& P.
Date: 15 July 1998
By Bloomberg News
Bloomberg News
Standard & Poor's Corp downgrades credit rating of Pakistan to CCC from B-, which is lowest assessment of any country rated by firm (S)
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