New Service Skims 150 Newspapers for Its Users
Date: 30 June 1997
By Iver Peterson
Iver Peterson
Partnership of large newspaper companies, called New Century Network, announces service called Newsworks, which offers daily report on important news of each day compiled and assembled by Newsworks editors in Manhattan; Newsworks includes links to 150 individual newspaper sites on World Wide Web; newspaper companies that own New Century are Advance Publications Inc, Cox Enterprises Inc, Gannett Co, Hearst Corp, Knight-Ridder Inc, The New York Times, Times-Mirror Inc, Tribune Co and Washington Post Co; they publish 225 dailies; The New York Times and some other papers have withheld their sites from network (M)
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Politics May Be Serious but It's Crime and Sex That Sell Newspapers
Date: 30 June 1997
By Seth Faison
Seth Faison
Even though transfer of power in Hong Kong to China on July 1 is being carried in detail by Hong Kong's local newspapers, news coverage is still dominated by crime, tales of robbery, sexual harassment and bizarre moments of human tragedy (M)
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DLB OIL AND GAS PLANS TO SELL ASSETS TO PAY DOWN DEBT
Date: 01 July 1997
By Bloomberg News
Bloomberg News
DLB Oil and Gas Inc hires Lehman Brothers Inc to help sell some or all of its assets so it can pay down some of its $80 million debt and pursue new acquisitions (S)
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GE CAPITAL IN $950 MILLION DEAL WITH LEUCADIA
Date: 01 July 1997
By Bloomberg News
Bloomberg News
GE Capital Corp will buy Leucadia National Corp's Colonial Penn automobile insurance unit for $950 million (S)
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INTERIM AGREES TO SELL HEALTH CARE UNIT FOR $134 MILLION
Date: 01 July 1997
By Bloomberg News
Bloomberg News
Interim Services Inc agrees to sell its Interim Healthcare unit to Cornerstone Equity Investors for $134 million in cash (S)
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Stocks Higher in Tokyo
Date: 30 June 1997
By Bloomberg News
Bloomberg News
Japanese stocks trade higher on June 30; at midday break, benchmark Nikkei index of 225 issues is up 94.61 points at 20,618.36 (S)
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Stocks Decline in Japan
Date: 01 July 1997
By Bloomberg News
Bloomberg News
Japan's Nikkei stock index closes down 429.44 points, or 2.08 percent, at 20,175.52 on July 1 (S)n
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Orioles Sign Africa Native
Date: 01 July 1997
By Bloomberg News
Bloomberg News
Baltimore Orioles agree to terms with outfielder Ntema Ndungidi, third-round draft pick who will become the first African-born player in major league organization (S)
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Merrill Dismisses Broker in Singapore
Date: 01 July 1997
By Bloomberg News
Bloomberg News
Merrill Lynch & Co dismisses Singapore-based broker Kevin Wallace, saying he falsified client statements and client signatures and that civil and criminal fraud charges have been filed against him; firm also accuses Wallace of unauthorized trading (S)ï
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Ex-Head of Tainted Japan Bank, Under Inquiry, Commits Suicide
Date: 30 June 1997
By Bloomberg News
Bloomberg News
Former chairman of Dai-Ichi Kangyo Bank, Kuniji Miyazaki, commits suicide shortly after being questioned by prosecutors in connection with scandal involving bank and Nomura Securities Co, one of world's largest brokerage companies, and their alleged links to organized crime; Miyazaki was questioned, along with another former chairman of bank, Tadashi Okuda, about loans worth $250 million, much of them uncollectable, to known racketeer, Ryuichi Koike; four former directors of Dai-Ichi Kangyo have been indicted on charges of making illegal payoffs of more than $103 million to Koike (M)
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