News Corporation Profit Down by 26%
Date: 10 February 2000
By Bloomberg News
Bloomberg News
News Corp says profit fell 26 percent in its second quarter on lower movie sales and losses at British Sky Broadcasting, in which it owns 40 percent stake; profit fell to $252 million from $339 million a year earlier; revenue fell to $3.86 billion from $4.06 billion in period (S)
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Judge in Moxley Case Postpones Arraignment
Date: 09 February 2000
Connecticut Juvenile Court judge postpones arraignment of Michael Skakel on charges that he murdered Martha Moxley in Greenwich 25 years ago, saying she needs time to rule on request to open proceedings to press (S)
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Reuters' Shares Soar on Internet Strategy
Date: 09 February 2000
By Andrew Ross Sorkin
Andrew Sorkin
Reuters Group plans to reposition itself as highflying Internet concern; word of plan causes shares of Reuters to soar 23 percent, their largest one-day gain in more than a decade; Reuters plans to invest $802 million in next four years to shift its content delivery systems to Internet, including creation of Reuters branded World Wide Web portal that will compete directly with same sites that now license content from company; says it will also develop wireless news delivery system for hand-held devices and form joint venture to build Web site for private investors in Europe; reports 10.6 percent increase in net income for 1999 compared with year before; says profits for year rose to 425 million pounds, or $681.8 million; chief executive Peter Job comments; photo (M)
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F.B.I. Releases File on Murray Kempton, Whose Columns Angered Hoover
Date: 10 February 2000
By Alex Kuczynski
Alex Kuczynski
FBI releases file it had kept on late newspaper columnist Murray Kempton from early 1950's to late 1960's; file had been ordered by then FBI Director J Edgar Hoover; contents of file noted; photo (M)
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Friends Fear for Radio Reporter Still Missing in Chechnya
Date: 09 February 2000
By Celestine Bohlen
Celestine Bohlen
Colleagues of Andrei Babitsky, Russian reporter for Radio Liberty, appeal for information about him five days after Russia announced that it had handed him over to Chechen rebels (M)
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Video Tells Little About Russian Reporter's Fate
Date: 10 February 2000
By Celestine Bohlen
Celestine Bohlen
Sharip Yusupov, representitive of Chechen Pres Aslan Maskhadov, says Andrei Babitsky, missing Russian reporter for Radio Liberty, is being held by rebel commanders in Chechnya until he can be taken to another country; photo (M)
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PRIMUS TO EXPAND IN EUROPEAN MARKET WITH ACQUISITION
Date: 09 February 2000
By Bloomberg News
Bloomberg News
Primus Telecommunications Group agees to buy LCR Telecom Group for about $105.3 million in stock (S)
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FOAMEX DISCUSSES ACQUISITION WITH INVESTMENT GROUP
Date: 10 February 2000
By Bloomberg News
Bloomberg News
Foamex International Inc is in talks to be acquired by group that includes its chief executive, John Johnson Jr; company's market value is about $230 million; Foamex says potential all-cash sale is tied to last year's bankruptcy of its largest shareholder, Trace International Holdings (S)
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LYCOS PLANS TO EXPAND ONLINE CLUBS WITH ACQUISITION
Date: 09 February 2000
By Bloomberg News
Bloomberg News
Lycos Inc acquires Valent Software for $45 million in stock (S)
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LANDRY'S SEAFOOD RESTAURANTS TO BUY RAINFOREST CAFE
Date: 10 February 2000
By Bloomberg News
Bloomberg News
Landry's Seafood Restaurants Inc acquires Rainforest Cafe Inc for $125 million in stock and cash (S)
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