WEBMD ENDS CONTENT AGREEMENTS
Date: 03 January 2001
By Bloomberg News
Bloomberg News
WebMD Corp, Internet health information company that has lost more than $2 billion, will take a $275 million charge in fourth quarter to end two ventures with Rupert Murdoch's News Corp; News Corp will take back WebMD's 50 percent stake in Health Network cable channel, drop plans to promote WebMD overseas and reduce advertising and promotion services for Internet company to $205 million over 10 years from $700 million; WebMD will cancel plans to issue 8.3 million shares to News Corp (S)
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Chairman Is Selected For Fox TV
Date: 04 January 2001
By Bill Carter
Bill Carter
News Corp names Brian C Mulligan chairman of Fox Television division, succeeding Chase Carey, who has become presdient of News Corp's Sky Global Networks (S)
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FORD WILL INCLUDE TIRES IN WARRANTY COVERAGE
Date: 03 January 2001
By Bloomberg News
Bloomberg News
Ford Motor Co, whose sales were hurt by recall of 6.5 million Bridgestone/Fireston tires in August, will include tires in its warranty coverage on 2001 model cars and light trucks in North America; move ends century-old arrangement under which tire makers took responsibility for tire warranties; General Motors began covering tires under its warranties in 1996 (S)
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NORTHPOINT COMMUNICATIONS IN TROUBLE, LAWYER SAYS
Date: 04 January 2001
By Bloomberg News
Bloomberg News
NorthPoint Communications Group lawyer says it NorthPoint is on 'brink of disaster' because Verizon Communications abruptly called off November agreement to acquire it; asks California state court to let NorthPoint proceed with lawsuit that seeks more than $1 billion in damages from Verizon or court order that merger be completed (S)
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GLOBAL CROSSING ANNOUNCES SOME EXECUTIVE CHANGES
Date: 03 January 2001
By Bloomberg News
Bloomberg News
Global Crossing Ltd names David Walsh president and sole chief operating officer and announces that Gary Cohen, who was co-chief operating officer with Walsh, will become president and chief operating officer of new unit, Global Crossing Solutions (S)
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OGDEN RAISES EARNINGS ESTIMATES AND SELLS A UNIT
Date: 04 January 2001
By Bloomberg News
Bloomberg News
Ogden Corp completes sale of its aviation services units to Latsus Group for $27.5 million; expects earnings in 2001 and 2002 to exceed previous forecasts because of high prices for pwoer in California; says it earned more than $100 million in 2000, $5 million more than forecast and $20 million more than in quarter a year earlier (S)
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UNITED RENTALS SEEKS A MAJORITY STAKE IN A COMPETITOR
Date: 03 January 2001
By Bloomberg News
Bloomberg News
United Rentals Inc, largest equipment-rental company in US, offers to buy majority stake in specialty competitor, Neff Corp, for $37 million in stock and $227 million in assumed debt (S)
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SCHERING SUES IMPAX TO STOP GENERIC CLARITIN
Date: 04 January 2001
By Bloomberg News
Bloomberg News
Schering unit of Schering-Plough Corp sues Impax Laboratories over Impax's application to market generic allergy drug similar to one version of Schering's best-selling Claritin; Impax applied to Food and Drug Administration in November for permission to market tablets combining loratadine and pseudoephedrine sulfate in formulation that Schering says closely matches that of its Claritin-D 24-Hour Extended Relief tablets (S)
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DIAL AND HENKEL END THEIR JOINT VENTURE IN MEXICO
Date: 04 January 2001
By Bloomberg News
Bloomberg News
Dial Corp, maker of Dial soap and other products, ends joint venture in Mexico with Henkel of Germany; sells its interest in Mexico partnership to Henkel for $18.9 million (S)
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OFFICE DEPOT TO CLOSE STORES AND CUT JOBS
Date: 04 January 2001
By Bloomberg News
Bloomberg News
Office Depot Inc, top American retailer of office supplies, plans to close 70 stores in 18 states and Canada, eliminate 1,590 jobs and take fourth-quarter pretax charge of $300 million related to cutbacks; chief executive Bruce Nelson says company expanded too aggressively to compete with rivals like OfficeMax and Staples and that some markets have become saturated; will invest $110 million to spruce up some of its 818 surviving stores in North America and install new inventory-tracking systems at warehouses (S)
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