Papers Struggle With Slowdown and Investor Expectations
Date: 12 March 2001
By Felicity Barringer
Felicity Barringer
Newsrooms across the country face budget cuts and layoffs as declining ad revenue leaves publishers no other way to produce the profits that investors expect; Mike Cassidy of San Jose Mercury News uses his column to challenge publisher, Knight Ridder, not to let 'irrational markets' define financial success, but standing up to Wall Street is not so simple for an industry pulled in opposite directions by momentum investors and value investors; graph (M)
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WESTON EXECUTIVES AGREE TO ACQUIRE COMPANY
Date: 13 March 2001
By Bloomberg News
Bloomberg News
Group of senior managers at Roy F Weston Inc, led by chief executive, William L Robertson, agrees to buy company, environmental cleanup concern, for about $51 million to take it private (S)
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SCRIPPS SAYS FIRST-QUARTER EARNINGS WILL DISAPPOINT
Date: 13 March 2001
By Bloomberg News
Bloomberg News
E W Scripps Co says first-quarter earnings will be less than forecast because of reduced advertising sales (S)
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FRIEDE GOLDMAN AND NORWEGIAN DRILLER SETTLE DISPUTE
Date: 13 March 2001
By Bloomberg News
Bloomberg News
Shares of Friede Goldman Halter rise 34 percent after company, which builds offshore drilling equipment, says it resolved two-year dispute with Norwegian driller Ocean Rig; Ocean Rig will pay Friede Goldman to finish building two offshore rigs (S)
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US UNWIRED TO SELL 173 COMMUNICATIONS TOWERS TO SBA
Date: 13 March 2001
By Bloomberg News
Bloomberg News
US Unwired will sell as many as 173 communications towers in Southeast to SBA Communications Corp for about $54.1 million; US Unwired, which provides mobile-phone service, will lease space on each of towers for $1,500 per month (S)
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Outlook for Andrew Corp.
Date: 13 March 2001
By Bloomberg News
Bloomberg News
Andrew Corp, maker of equipment for wireless communications systems, says second-quarter sales and profit will fall short of its forecast because customers are spending less (S)
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PAPER COMPANY HALTS DEBT PAYMENTS
Date: 13 March 2001
By Bloomberg News
Bloomberg News
Asia Pulp and Paper Co plans to stop paying interest and principal on $12 billion in debt, saying drop in pulp and paper prices has left it without money to pay financing costs (S)
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TAIWAN BANK MERGER
Date: 13 March 2001
By Bloomberg News
Bloomberg News
Taiwan's Finance Ministry orders merger of state-run Bank of Taiwan, Land Bank of Taiwan and Central Trust of China, forming lender with $122 billion of assets; government has given assurances to workers involved that they will not be laid off (S)
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PEAPOD, ONLINE GROCER, QUITS SAN FRANCISCO
Date: 13 March 2001
By Bloomberg News
Bloomberg News
Peapod, online grocer that is majority owned by Royal Ahold, has stopped serving San Francisco and is referring customers to rival Webvan Group; will focus on Eastern US, where Ahold operates Stop & Shop supermarket chain (S)
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NOVELL IS BUYING CAMBRIDGE TECHNOLOGY
Date: 13 March 2001
By Bloomberg News
Bloomberg News
Novell, network software maker, agrees to buy computer consulting company Cambridge Technology Partners for about $245 million in stock (S)
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