As Tokyo Loses Luster, Foreign Media Move On
Date: 12 August 2002
By James Brooke
James Brooke
Newspapers are closing their Tokyo bureaus and using stringers, or reporters paid by the article, as Japan's economy shrinks and editors choose to cover more dynamic countries; for old Japan hands who have seen ups and downs of world interest in Japan, latest move has ring of familiarity; Bruce Dunning, Asia bureau chief of CBS, notes difficulty of reporting on change in Japan, which is generally minute, incremental, and occurring without visible social friction; photo (M)
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Israel Apologizes To Journalist
Date: 13 August 2002
Israel's Defense Min Benjamin Ben-Eliezer offers personal apology to Gideon Levy, prominent Israeli journalist, who was shot at by Israeli soldier after entering West Bank military zone with army permission (S)
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MAYTAG LOWERS PROFIT ESTIMATE, AND SHARES FALL
Date: 13 August 2002
By Bloomberg News
Bloomberg News
Shares of Maytag Corp fall 5 percent after company says third-quarter profit will be hurt by slower production to clear excess inventory and laid off 400 workers (S)
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CENDANT'S REAL ESTATE DIVISION BUYS DEWOLFE
Date: 13 August 2002
By Bloomberg News
Bloomberg News
NRT unit of Cendant Corp will buy DeWolfe Companies in Massachusetts for $149 million; NRT is leading owner of residential brokerage firms (S)
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UNIT OF J.P. MORGAN TO BUY BRAND SERVICES
Date: 13 August 2002
By Bloomberg News
Bloomberg News
J P Morgan Partners, private equity division of J P Morgan Chase, acquires Brand Services Inc from DLJ Merchant Banking for about $500 million (S)
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WAL-MART SAYS WEEKLY SALES ARE IN LINE WITH ESTIMATES
Date: 13 August 2002
By Bloomberg News
Bloomberg News
Wal-Mart Stores Inc says last week's increase in sales at its discount stores open at least one year were within company's expectations; sales for total company are in line with its forecast for gain of 4 percent to 6 percent this month (S)
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FORD TO SELL KWIK-FIT TO CVC CAPITAL FOR $505 MILLION
Date: 13 August 2002
By Bloomberg News
Bloomberg News
Ford Motor Co will sell Kwik-Fit Holding, European car repair chain, to CVC Capital Partners for 330 million pounds ($505 million), one third of what Ford paid for it three years ago; Ford will keep 19 percent stake in Kwik-Fit (S)
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ICAHN'S HIGH RIVER RAISES ITS OFFER FOR XO DEBTS
Date: 13 August 2002
By Bloomberg News
Bloomberg News
Carl C Icahn's High River Limited Partnership raises its offer to buy as much as $331 million of senior secured loans of XO Communications Inc, which filed for bankruptcy protection earlier this year; High River will pay 70 cents on dollar for loans (S)
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Technology Briefing | Software: Dell To Offer Oracle Server Software
Date: 13 August 2002
By Bloomberg News
Bloomberg News
Oracle Corp says Dell Computer will offer Oracle9i Application Service software to Dell customers (S)
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World Business Briefing | Europe: Britain: Insurer's Profit Falls
Date: 13 August 2002
By Bloomberg News
Bloomberg News
South African insurer Old Mutual says first-half profit fell 16 percent; pretax earnings dropped to 381 million pounds ($583 million) from 455 million pounds ($690 million) year earlier; graph (S)
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