The News at The Daily News Is Not Good; Financial Problems Bring Cutbacks and a Growing Sense of Distrust
Date: 11 April 1999
By Felicity Barringer
Felicity Barringer
New York Daily News is cutting back news coverage, hurt by series of financial reversals; problems include costly repairs of balky pressroom equipment, unexpected rise in labor costs and costs of expanding Sunday edition; pinch makes owners Fred Drasner and Mortimer B Zuckerman testy, journalists angry and union leaders nervous; chronology of events; graph of circulation slide; photos (M)
Full Article
Shipyard Strikers Demand 'Justice'
Date: 10 April 1999
By Steven Greenhouse
Steven Greenhouse
More than 8,000 workers at Newport News Shipbuilding in Virginia are on strike, in one of largest walkouts this decade; strikers are members of United Steelworkers of America; they are demanding that shipyard reward them after they helped nurse it back to financial health by agreeing to 50-month wage freeze in their last contract; company lost money in 1997, but in 1998 it earned $66 million; officials say it is still not enough to award large raises sought by union; both sides appear to be digging in, with neither asking other to return to bargaining table; photos (M)
Full Article
The Nation: Word of Honor; For a Reporter and a Source, Echoes of a Broken Promise
Date: 11 April 1999
By Douglas Frantz
Douglas Frantz
Plea accord in which Michael Gallagher, fired as Cincinnati Enquirer investigative reporter, disclosed that former Chiquita Brands International lawyer George F Ventura gave him illegal access to company's voice mail for article challenging company's business practices is echoing through legal and journalistic communities as major assault on principle of protecting sources; case also raises questions about legal rights of sources; Gallagher has agreed to testify against Ventura, who claims protection afforded journalists who refuse to reveal sources should also apply to sources; photos (M)
Full Article
COMPASS GAINS ON NEWS IT REJECTED AMSOUTH BID
Date: 10 April 1999
By Bloomberg News
Bloomberg News
Compass Bancshares Inc shares rise on report that bank rejected takeover offer from the rival AmSouth Bancorp in December (S)
Full Article
AT&T TO BUY A CELLULAR BUSINESS FROM BELLSOUTH
Date: 10 April 1999
By Bloomberg News
Bloomberg News
AT&T Corp will buy BellSouth Corp's cellular business in Honolulu, Honolulu Cellular Telephone (S)
Full Article
GOODRICH TO DELAY ITS PURCHASE OF COLTEC INDUSTRIES
Date: 10 April 1999
By Bloomberg News
Bloomberg News
B F Goodrich will delay purchase of Coltec Industries until judge rules on Allied Signal Inc motions to block deal; Goodrich and Coltec shareholders approve deal (S)
Full Article
PPG INDUSTRIES TO PURCHASE ICI SPECIALTY COATINGS
Date: 10 April 1999
By Bloomberg News
Bloomberg News
PPG Industries will buy Imperial Chemical Industries' specialty coatings business (S)
Full Article
FUND OF GOLDMAN SACHS SEEN IN SOUTH KOREA INVESTMENT
Date: 10 April 1999
By Bloomberg News
Bloomberg News
Goldman Sachs Group LP fund reportedly plans to buy about 20 percent stake in South Korea's Kookmin Bank for $500 million (S)
Full Article
KERAVISION EYE PRODUCTS CONCERN WINS F.D.A. APPROVAL
Date: 10 April 1999
By Bloomberg News
Bloomberg News
Keravision Inc wins Food and Drug Administration approval to sell its implants for correcting mild nearsightedness; implants offer alternative to laser surgery (S)
Full Article
ESKIMO PIE TO CUT JOBS AND FOCUS ON LICENSING ITS NAME
Date: 10 April 1999
By Bloomberg News
Bloomberg News
Eskimo Pie Corp will sell its plants and cut up to 85 jobs as it moves to get out of making ice cream bar ingredients in favor of licensing its brand name; continues talks on possible takeover by Yogen Fruz World-Wide Inc (S)
Full Article