Corporate-News Proposal Criticized by Dow Jones
Date: 01 June 2000
By Felicity Barringer
Felicity Barringer
Dow Jones & Co, owner of The Wall Street Journal, Barron's and Dow Jones Newswires, complains to Securities and Exchange Commission that proposed rule intended to prevent companies from giving information to hand-picked group of investors would result in 'less informative, less objective and less timely reporting'; SEC proposed rule in December, after issue had been publicly championed for months by commission's chairman Arthur Levitt; Journal's opposition highlights increasing scrutiny given to how, and to whom, companies provide information in era when new technologies and hair-trigger markets have made information more valuable and sensitive commodity; Bloomberg News, financial service that is competitor of Dow Jones, questions Dow Jones's criticism (M)
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Murdoch's Son Gets Post
Date: 02 June 2000
By Dow Jones
Dow Jones
News Corp names John Murdoch, youngest son of News Corp chairman Rupert Murdoch, to be chief executive and chairman of Star TV; he replaces Gareth Chang, who resigned (S)
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The F.C.C.'s Ownership Rules
Date: 02 June 2000
Editorial scores plan by Federal Communications Commission to loosen rules that limit ability of television networks to own other networks and newspapers; says it is not in public's interest to relax rules that protect diversity of information
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Hollywood Tales Just Fiction, German Paper Says
Date: 02 June 2000
By Edmund L. Andrews
Edmund Andrews
Suddeutsche Zeitung, one of Germany's most respected newspapers, apologizes to readers for publishing in its magazine handful of intimate celebrity interviews that made 37-year-old Swiss writer Tom Kummer one of hottest young journalists in country; says many of Kummer's interviews never took place and appear to have been entirely fabricated from material published elsewhere; Kummer admits using material from different sources to fabricate interviews, but says editors knew and approved of his methods; photo (M)
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MOTOROLA AWARDS CONTRACT TO FLEXTRONICS
Date: 01 June 2000
By Bloomberg News
Bloomberg News
Motorola Inc says Flextronics International Ltd of Singapore will make some of its phones, pagers and electronics equipment under five-year, $30 billion contract; Motorola will also buy 11 million Flextronics shares, or about 5 percent of company, for approximately $100 million (S)
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GILLETTE IS NEGOTIATING TO SELL PEN BUSINESSES
Date: 02 June 2000
By Bloomberg News
Bloomberg News
Gillette Co is in talks to sell its lagging Paper Mate, Parker and Waterman pen businesses to Newell Rubbermaid Inc; talks include its Liquid Paper correction fluid unit (S)
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BISYS AGREES TO BUY PROVIDER OF INSURANCE SOFTWARE
Date: 02 June 2000
By Bloomberg News
Bloomberg News
Bisys Group Inc acquires Pictorial unit of Primedia Inc for $129 million in cash (S)
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ASPEN ACQUIRES ANOTHER PETROLEUM SOFTWARE COMPANY
Date: 02 June 2000
By Bloomberg News
Bloomberg News
Aspen Technology Inc acquires Petrolsoft Corp for about $59.6 million in stock (S)
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IRIDIUM IS IN TALKS TO SELL SATELLITES TO CASTLE HARLAN
Date: 02 June 2000
By Bloomberg News
Bloomberg News
Iridium LLC is in talks to sell satellites and other assets to investment firm Castle Harlan Inc for $50 million; company had planned to shut down and destroy its 66 satellites after failing to find a buyer in March, seven months after filing Chapter 11 bankruptcy protection (S)
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CATALINA LIGHTING WILL PURCHASE RING, A BRITISH RIVAL
Date: 02 June 2000
By Bloomberg News
Bloomberg News
Catalina Lighting Inc, maker of residential and office lighting products, agrees to buy British rival, Ring PLC, for $33 million (S)
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