CNBC Shakes Up Schedule to Compete Better With CNN
Date: 06 May 1997
By Bill Carter
Bill Carter
CNBC, business news cable channel owned by NBC, will shake up its prime-time schedule in effort to program more aggressively against Time Warner's Cable News Network and to raise profile of rising NBC news star Brian Williams; CNBC plans to add newscast anchored by Williams to its daily lineup at 10 PM (L)
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Drops in Circulation Continue for Most Big Newspapers
Date: 06 May 1997
By Iver Peterson
Iver Peterson
Figures released by Audit Bureau of Circulations show broad decline in newspaper circulation sales that began early in the decade continued for most big metropolitan dailies during winter months; of country's 10 biggest papers, 4--USA Today, San Francisco Chronicle, Los Angeles Times and Newsday--registered increases; The New York Times and Daily News of New York reported circulation declines of about 4 percent; Sunday circulation also suffered at most papers; other statistics; table (L)
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Unesco Award to Imprisoned Chinese Journalist Angers Beijing
Date: 06 May 1997
By Barbara Crossette
Barbara Crossette
China is angered by Unesco's presentation of press freedom award to Gao Yu, Chinese journalist imprisoned since 1994 for reporting on how Communist Party leaders control Government decision-making; warns organization it regards award as gross interference in Chinese affairs that will damage relations between Beijing and organization (M)
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Another Magazine by Bellow
Date: 07 May 1997
Saul Belllow launches his third literary magazine, News From the Republic of Letters (S)
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Artist With a Local Lens
Date: 07 May 1997
Editorial tribute to columnist Murray Kempton, who died recently at age 79 (S)
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WAINOCO TO SELL NUMAC CANADIAN ASSETS FOR $96 MILLION
Date: 06 May 1997
By Bloomberg News
Bloomberg News
Wainoco Oil Corp says it will sell its Canadian oil and gas interests to Numac Energy Inc for about $96 million (S)
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GILLETTE PLANS TO CUT 1,700 JOBS IN RESTRUCTURING
Date: 07 May 1997
By Bloomberg News
Bloomberg News
Gillette Co plans to cut about 1,700 jobs as it eliminates duplicated operations after its acquisition of Duracell International Inc; Gillette took fourth-quarter charge of $283 million for expected restructuring costs and other expenses associated with Duracell acquisition (S)
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TCW GROUP TO REMAIN PRIVATE MONEY MANAGEMENT FIRM
Date: 07 May 1997
By Bloomberg News
Bloomberg News
TCW Group Inc chairman-chief executive Robert Day says money management firm is no longer for sale (S)
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STATE OF CALIFORNIA SUES BANKAMERICA OVER TRUST FUNDS
Date: 06 May 1997
By Bloomberg News
Bloomberg News
California Attorney General Dan Lungren sues BankAmerica Corp, accusing it of cheating state and local governments out of hundreds of millions of dollars by mishandling their bond fund trust account; suit accuses bank of conspiracy, unfair business practices and breach of contract, among other claims (S)
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S.E.C. BEGINS FORMAL INVESTIGATION OF NINE WEST
Date: 07 May 1997
By Bloomberg News
Bloomberg News
Nine West Group Inc says Securities and Exchange Commission has started formal investigation of company policies for recording revenue (S)
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