Judge Dismisses Fox News Suit Over Anchor's Defection to CNN
Date: 26 March 2002
By Bill Carter
Bill Carter
Fox News loses its lawsuit against agent for Paula Zahn, morning news anchor who quit Fox to join Cable News Network last September; New York State Supreme Court Judge Ira Gammerman dismisses suit, granting summary judgment to N S Bienstock, company that respresents Zahn; orders Fox to pay court costs; when Zahn received offer from CNN, Fox News chairman Roger Ailes reacted first by firing Zahn, then by accusing her agent Richard Leibner of unethical behavior; Ailes also called Leibner a liar; Gammerman finds that Leibner and his company, Bienstock, acted within bounds of Zahn's contract (M)
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Killings of Journalists Rose In 2001 From the Year Before
Date: 27 March 2002
By Neil A. Lewis
Neil Lewis
Committee to Protect Journalists reports 37 journalists were slain worldwide as direct result of their work in 2001, up from 24 in 2000; says at least 24 were apparently victims of governments or their sympathizers who objected to reporters' work; says number of journalists in prison jumped to 118 from 81 in 2001 (M)
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Foreigners May Get Control of German Media Group
Date: 27 March 2002
By Edmund L. Andrews
Edmund Andrews
Leo Kirch, who controls Germany's biggest commercial television networks and rights to huge library of programming and sports events, is in danger of being toppled by Rupert Murdoch; it remains unclear whether Kirch will agree on rescue plan for Kirch Group with banks and shareholders; what is almost certain is that Kirch is about to give up control of company he built from scratch into one of Europe's biggest media conglomerates; most obvious candidates to take over Kirch are foreigners; Murdoch's News Corp is top contender, but other possibilities include Mediaset, Italian broadcasting company controlled by Prime Min Silvio Berlusconi; photo (M)
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DUPONT CANADA WILL BUY LIQUI-BOX
Date: 27 March 2002
By Bloomberg News
Bloomberg News
DuPont Canada Inc will buy Liqui-Box Corp for $333 million (S)
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ROYAL BANK OF CANADA WILL ACQUIRE EAGLE BANCSHARES
Date: 27 March 2002
By Bloomberg News
Bloomberg News
Royal Bank of Canada acquires Eagle Bancshares Inc of Atlanta for $153 million to expand its retail banking business in US (S)
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CREDITORS FORCE POLYMER GROUP INTO BANKRUPTCY COURT
Date: 27 March 2002
By Bloomberg News
Bloomberg News
Polymer Group, which makes fabrics used in diapers and surgical products, is forced into bankruptcy court by creditors owed more than $30 million in bond debt; says it is considering financial revamping to avoid Chapter 11 bankruptcy proceedings after obtaining loan extension (S)
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FOOTSTAR TO CONSOLIDATE TWO SHOE STORE CHAINS
Date: 26 March 2002
By Bloomberg News
Bloomberg News
Footstar Inc, owner of Just for Feet and Footaction athletic-shoe stores, will consolidate two chains to trim costs; Footstar will operate separate stores as it combines marketing, finance and other departments (S)
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WATERS REDUCES 2001 EARNINGS AND 2002 FORECAST
Date: 26 March 2002
By Bloomberg News
Bloomberg News
Waters Corp reduces its 2001 reported earnings and its forecast for year after jury orders company, maker of laboratory instruments for drug development, to pay $47.5 million for patent infringement; jury finds Waters wrongly used technology covered by US patent licensed to joint venture of Applera Corp and Canada's MDS (S)
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EX-CHIEF OF AREMISSOFT INDICTED ON FRAUD CHARGE
Date: 26 March 2002
By Bloomberg News
Bloomberg News
AremisSoft Corp's former chairman-co-chief executive Roys Poyiadjis is indicted for fraud; charge comes to light in case filed March 22 in which prosecutors say they are seeking to seize $175 million in illicit profits diverted to two overseas banks by Poyiadjis and his co-chief executive Lycourgos Kyprianou (S)
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READER'S DIGEST INVESTOR RAISES BID FOR A STAKE
Date: 27 March 2002
By Bloomberg News
Bloomberg News
Highfields Capital Management, one of largest investors in the Reader's Digest Association Inc, raises its offer to buy controlling stake owned by Wallace-Reader's Digest Funds to $165.5 million (S)
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