In Trying to Get Into Cuba, CNN Hits Snags at Home
Date: 13 January 1997
By Larry Rohter
Larry Rohter
CNN's effort to open first United States news bureau in Havana is being stalled by Clinton Administration; at issue is whether to allow American news organizations to establish permanent foothold in Cuba, the object of American economic embargo for 34 years; Administration officials say that rival news organizations worry that CNN will gain competitive advantage and that Fidel Castro would have right to grant or withhold access to Cuba to American news organizations; Miami Herald, for example, has been denied access because Cuban officials object to substance and tone of newspaper's coverage; more than half of all Cuban-Americans live in South Florida, and coverage of Cuban affairs is major part of Herald's news coverage; Cuban exile groups are especially critical of CNN's coverage of Cuba, in part because of friendship between Ted Turner, network's founder, and Castro; photos (M)
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Murdoch Again Tries His Luck on Line
Date: 13 January 1997
By Laurence Zuckerman
Laurence Zuckerman
Rupert Murdoch's News Corp, which has had many false starts on Internet, is trying again; Murdoch's son, James, will guide company's latest Internet venture, the TV Guide Entertainment Network; new site will include contents of TV Guide magazine as well as original articles on movies, television, pop music and sports; photo (M)
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Lessons from the Olympic bombing may be informing the coverage of two other cases.
Date: 13 January 1997
By Iver Peterson
Iver Peterson
Media column on news media's treatment of people under police scrutiny for highly publicized crimes; Paul K McMasters of Freedom Forum, journalism research center, sympathizes with reporters who must come up with new material every day, but says where news organizations fall short is in failing to add disclaimers if suspects have not been charged (M)
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BIBB PLANS BIG LAYOFFS AND A SALE OF STOCK TO PUBLIC
Date: 14 January 1997
By Bloomberg News
Bloomberg News
Bibb Co, Macon, Ga, to dismiss 580 textile mill workers, about 11 percent of its work force, by the end of March as it slashes production of home furnishings; Bibb, which emerged from Chapter 11 in October, also says it plans to sell stock to public by end of first quarter (S)
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ZURICH INSURANCE TO ACQUIRE REMAINDER OF U.S. UNIT
Date: 14 January 1997
By Bloomberg News
Bloomberg News
Zurich Insurance Co of Switzerland to buy 34 percent it does not already own of Zurich Reinsurance Center Holdings Inc for $323 million (S)
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TELEPORT IN STOCK SWAP FOR INTERNET SERVICE PROVIDER
Date: 14 January 1997
By Bloomberg News
Bloomberg News
Teleport Communications Group to buy Internet company Cerfnet Services Inc from General Atomics for $68.3 million in stock (S)
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SANTA FE PACIFIC TO MEET WITH NEWMONT ON OFFER
Date: 14 January 1997
By Bloomberg News
Bloomberg News
Santa Fe Pacific Gold Corp to meet with Newmont Mining Corp to discuss Newmont's sweetened takeover offer; also says no decision has been made about whether to end December agreement to be acquired by Homestake Mining Co (S)
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Japanese Stocks Regain Ground
Date: 13 January 1997
By Bloomberg News
Bloomberg News
Stocks regain ground on Tokyo Stock Exchange on Jan 13; at the close, Nikkei index of 225 issues is up 815.14 points, at 18,118.79 (S)
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Sears of Britain Selling Its Catalogue Unit
Date: 14 January 1997
By Bloomberg News
Bloomberg News
Sears PLC to sell its Freemans catalogue unit to Littlewoods Organization for $671 million (US) in effort to shore up profits and margins at Sears (S)
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Tomkins Profit Up 34%, Aided by Denver Deal
Date: 14 January 1997
By Bloomberg News
Bloomberg News
Tomkins PLC reports unexpectedly large 34 percent rise in first-half profit, reflecting its $1.16 billion acquisition of the Gates Rubber Co, Denver; pretax profit of Tomkins rose to 168.8 million pounds ($285 million US) in six months ended Nov 2, from 126 million pounds in previous year (S)
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