Supreme Court Roundup; Justices Raise the Bar for Convicting Drug Kingpins
Date: 02 June 1999
By Linda Greenhouse
Linda Greenhouse
Supreme Court raises bar for conviction of drug kingpins in 6-3 ruling, which requires juries to unanimously agree that defendant committed each drug offense of series in order to convict for running continuing criminal enterprise; places new burden on Federal prosecutors to use precision in framing cases brought under 1970 drug law, which imposes minimum sentence of 20 years for engaging in continuing series of violations; sets aside 1994 conviction of Eddie Richardson, leader of Chicago drug gang who received life sentence for repeated sales of heroin and cocaine between 1984 and 1991; Court declines to address question of news media's liability in 'ride-alongs' with police to private homes to witness search or arrest; ruled earlier that such police action is unconstitutional; Court refuses to hear appeal of decision on copyrights by lower court, which ruled West Publishing Corp is not entitled to copyright system of page numbering it uses in judicial opinions it publishes, nor factual information it adds to opinions (M)
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Pakistan Frees Journalist It Held for Sedition
Date: 03 June 1999
By Celia W. Dugger
Celia Dugger
Pakistani Government drops sedition charges against Najam Sethi, journalist who has been highly critical of Prime Min Nawaz Sharif, and it releases him after almost month of detention (M)
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REYNOLDS METALS WILL LOOK FOR ACQUISITIONS OR MERGER
Date: 02 June 1999
By Bloomberg News
Bloomberg News
Reynolds Metals Co chairman-chief executive Jeremiah Sheehan says Reynolds will pursue acquisitions or 'merger of equals' to compete better around the world; Reynolds and other aluminum producers have been trying to find ways to expand to challenge Alcoa Inc, world's number 1 producer (S)
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MCLEODUSA IN ACQUISITIONS TO EXPAND SERVICE IN WEST
Date: 03 June 1999
By Bloomberg News
Bloomberg News
McLeodUSA Inc to buy Access Communications Inc and SJ Investments Inc for stock worth about $101 million and $50 million in cash; will also assume about $97 million in Access debt (S)
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YAHOO IN ACQUISITION TO EXPAND USE OF ITS DIRECTORIES
Date: 03 June 1999
By Bloomberg News
Bloomberg News
Yahoo Inc acquires Online Anywhere, which formats Internet pages for hand-held devices, for $80 million in stock (S)
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CHEMICAL MAKERS CROMPTON AND WITCO AGREE TO MERGE
Date: 02 June 1999
By Bloomberg News
Bloomberg News
Crompton & Knowles Corp and Witco Corp agree to merger valued at $978.9 million; Crompton sharesholders will own 55 percent and Witco shareholders 45 percent of new company called C&K Witco (S)
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AMSOUTH TO BUY FIRST AMERICAN FOR $6.3 BILLION
Date: 02 June 1999
By Bloomberg News
Bloomberg News
AmSouth Bancorp agrees to buy First American Corp for $6.3 billion in stock, doubling its assets (S)
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INFOUSA TO BUY DONNELLEY MARKETING FROM FIRST DATA
Date: 02 June 1999
By Bloomberg News
Bloomberg News
InfoUSA Inc agrees to buy Donnelley Marketing Inc data base unit of First Data Corp for about $200 million in cash (S)
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NEWELL ELIMINATES 400 POSITIONS AT ITS RUBBERMAID UNIT
Date: 02 June 1999
By Bloomberg News
Bloomberg News
Newell Rubbermaid Inc has cut 400 jobs from its recently acquired Rubbermaid unit; Newell also lowers its second-quarter profit outlook (S)
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BROADCOM BUYS ARMEDIA TO EXPAND ITS BUSINESS IN INDIA
Date: 02 June 1999
By Bloomberg News
Bloomberg News
Broadcom Corp acquires Armedia Inc, maker of digital video decoders, for about $67.2 million in stock (S)
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