Judge Affirms Raise for Daily News Drivers
Date: 13 July 1999
By Alex Kuczynski
Alex Kuczynski
Federal Judge Thomas P Griesa upholds labor arbitrator's decision to award retroactive wages to members of drivers' union at Daily News, move that could eventually cost newspaper tens of millions of dollars; arbitrator's ruling determined that members of Newspaper and Mail Deliverers Union should receive 16.9 percent wage increase retroactive to Jan 1, 1997, to bring their pay in line with wages of drivers at New York Times (M)
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The Quill Holds the Power: Moscow's Media Wars
Date: 13 July 1999
By Michael Wines
Michael Wines
Russian media is expected to play crucial role in choosing who will be likely successor to Pres Boris Yeltsin; as national election campaigns begin everyone with power is jockeying for control of newspapers; feuds between oligarchs and officials that are frequently played out in press discussed (M)
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Iran Protests Spread to 18 Cities; Police Crack Down at University
Date: 13 July 1999
By Elaine Sciolino
Elaine Sciolino
Most widespread and sustained protests since Iran's Islamic revolution two decades ago spreads throughout country; security police and vigilante supporters move to crush pro-democracy student demonstrators outside Teheran University; demonstrations reported in 18 cities and towns, including major cosmopolitan cities of Tabriz, Shiraz and Isfahan, and more traditional cities like Meshed and Yazd; reflect deep struggle over course of Islamic revolution; students are impatient with slow pace of reforms promised by Pres Mohammad Khatami; are not calling for change in Islamic system of government, but for quickening of movement toward democracy and rule of law; diehard Islamic revolutionaries, some in positions of power, believe country's moves toward democracy are betrayal of revolutionary purism; demonstrations follow passage by Parliament of tough new press law and closure of Salam, popular left-leaning Islamic newspaper; map; photos (M)
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INSURANCE AUTO EXPLORING ACQUISITIONS OR PARTNERSHIPS
Date: 14 July 1999
By Bloomberg News
Bloomberg News
Insurance Auto Auctions Inc has hired investment bank Greif & Co to study 'strategic alternatives,' including acquisitions or partnerships with other companies; says company is not seeking a buyer (S)
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ANADARKO AND PARTNER TO SELL ALGERIAN OILFIELD STAKE
Date: 14 July 1999
By Bloomberg News
Bloomberg News
Anadarko Petroleum Co and its joint venture partner Lasmo PLC agree to sell their stakes in oilfield in Algeria to AGIP Algerian Exploration, unit of ENI SpA of Italy, for $127 million in cash; Sonatrach, Algeria's state oil company, has right to match offer; sale also requires approval by Algerian authorities (S)
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FIFTH THIRD BANCORP OF OHIO ACQUIRES A BANK IN INDIANA
Date: 13 July 1999
By Bloomberg News
Bloomberg News
Fifth Third Bancorp of Ohio agrees to buy Peoples Bank Corp of Indianapolis for $228 million in stock (S)
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INVESTORS PROPOSE $119.3 MILLION BUYOUT OF HAPPY KIDS
Date: 13 July 1999
By Bloomberg News
Bloomberg News
Happy Kids Inc, designer of children's apparel, receives $11.50-a-share buyout offer from HIG Capital LLC proposing to take company private; deal is valued at $119.3 million (S)
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GLOBAL INDUSTRIAL ACCEPTS $300 MILLION BUYOUT OFFER
Date: 13 July 1999
By Bloomberg News
Bloomberg News
Austria's RHI AG acquires Global Industrial Technologies Inc for $300 million, topping bid by WHX Corp, which already holds 10 percent stake in Global Industrial; RHI agrees to pay $13 a share and assume $200 million of debt; Global rejected WHX's unsolicited bid of $11.50 a share in May (S)
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AMSOUTH PLANS TO CUT 1,400 JOBS AFTER BANK ACQUISITION
Date: 14 July 1999
By Bloomberg News
Bloomberg News
AmSouth Bancorp plans to cut 1,400 jobs, or about 10 percent of combined work force, in its $5.3 billion purchase of First American Corp, which was announced last month; will close 24 branches as part of acquisition (S)
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Amgen Profit Rose 24% in Second Quarter
Date: 13 July 1999
By Bloomberg News
Bloomberg News
Amgen Inc says second-quarter earnings rose 24 percent, beating estimates; net income rose to $267.6 million from $216.3 million; revenue rose 21 percent, to $737.9 million from $611.2 million; Amgen says it expects to file application with US Food and Drug Administration to gain approval for using its experimental drug IL-1ra as treatment for rheumatoid arthritis (S)
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