Metro Business; Newspaper Price War
Date: 26 September 1997
By Iver Peterson
Iver Peterson
Daily News in New York announces it is cutting price of its Sunday paper from $1.50 to $1; New York Post, its competitor, responds by saying it will cut its Sunday price from 50 cents to 25 cents (S)
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CONTAINER SHIP FLEET CONSOLIDATION IS SET
Date: 26 September 1997
By Bloomberg News
Bloomberg News
General Electric Co and Sea Containers Ltd will combine their container ship operations to cut costs and increase profits; joint venture, to be called GE Seaco Services Ltd, will operate one of world's biggest fleets of marine-freight containers; GE Capital will receive 70 percent of any profit from existing operations and Sea Containers will get 30 percent (S)
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UNILEVER TO COMBINE THREE UNITED STATES UNITS
Date: 26 September 1997
By Bloomberg News
Bloomberg News
Unilever, British-Dutch consumer products maker, will merge US operations of Chesebrough-Pond's, Helene Curtis and Lever Brothers into single company worth about $3.7 billion; merged unit will operate under name Unilever Home and Personal Care USA (S)
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WARNACO'S PACT TO BUY DESIGNER HOLDINGS IS EXTENDED
Date: 25 September 1997
By Bloomberg News
Bloomberg News
Warnaco Group Inc says its agreement to acquire Designer Holdings Ltd has been extended to midnight on Sept 26, until proper documents are filed (S)
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STARWOOD LODGING BUYS CROWNE PLAZA IN NEW ORLEANS
Date: 25 September 1997
By Bloomberg News
Bloomberg News
Starwood Lodging Trust acquires Crowne Plaza Hotel in New Orleans, La, for $58.5 million from joint venture run by affiliates of Holiday Inns Inc, unit of Bass PLC, and Joseph C Canizaro Interests; Starwood sells three Best Western hotels--in El Paso, Las Cruces, NM, and Savannah, Ga--to Columbus Hotel Properties LLC, a Canizaro affiliate, for $12 million (S)
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NORTHROP GRUMMAN SETS SALE OF CARGO VEHICLE UNIT
Date: 26 September 1997
By Bloomberg News
Bloomberg News
Northrop Grumman Corp agrees to sell its Grumman Allied Industries unit to unit's management as company sheds some businesses before being acquired by Lockheed Martin Corp; terms undisclosed (S)
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VALUJET SHARES RISE AFTER NAME IS CHANGED TO AIRTRAN
Date: 25 September 1997
By Bloomberg News
Bloomberg News
Shares of Valujet Inc jump after carrier changes its name to Airtran Airlines in effort to shake its image as disaster-struck airline and return to profitability; stock rises $1.59375, to $6.46875 (S)
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SASSABY DEAL OPENS MASS MARKET TO ESTEE LAUDER
Date: 26 September 1997
By Bloomberg News
Bloomberg News
Estee Lauder Companies agrees to acquire closely held Sassaby Inc; terms undisclosed (S)
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NORTHWEST ORDERS 50 JETS AND OPTIONS 100 FROM AIRBUS
Date: 25 September 1997
By Bloomberg News
Bloomberg News
Northwest Airlines Corp formally orders 50 jetliners from Airbus Industrie and takes options for 100 more (S)
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Stocks Drop on Continued Earnings Concerns
Date: 25 September 1997
By Bloomberg News
Bloomberg News
Dow Jones industrial average closes down 63.35 points, or eight-tenths of 1 percent, to 7,906.71; Standard & Poor's index falls 7.45 points, or eight-tenths of 1 percent, to 944.48, and Nasdaq composite index drops 9.95 points, or six-tenths of 1 percent, to 1,687.41; chart (L)
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