MURDOCH'S YOUNGEST SON IS NAMED TO AN INTERNET POST
Date: 29 September 1999
News Corp names James Murdoch, youngest son of its chairman, Rupert Murdoch, executive vice president in charge of its new worldwide Internet unit, News America Digital (S)
Replaying tisdag 28 september 1999
Den 28 september 1999 var en tisdag under stjärntecknet ♎. Det var 270 e dagen i året. Förenta staternas president var William J. (Bill) Clinton.
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28th of September 1999 News
Nyheter som framträdde på New York Times framsida den 28 september 1999
Freelancers Win Appeal in Copyright Suit
Date: 28 September 1999
By Felicity Barringer
Felicity Barringer
US Appeals Court rules that three major publishers, including The New York Times Co, cannot include work of freelance contributors in electronic data bases without their permission; unanimous ruling overturns lower court finding that agreed with arguments of New York Times, Newsday and Time Inc Magazine Co and their co-plaintiffs, University Microfilms International and Mead Data Central Corp, former owner of Lexis-Nexis data bases; publishers argued that electronic data bases like Nexis are analogous to anthologies or other 'collective works' that can be revised without permission of individual copyright holders; appeals panel says 'the privilege afforded authors of collective works' under existing law 'does not permit the publishers to license individually copyright works for inclusion in electronic data bases'; ruling comes as on-line publishing is exploding and many publications expand and rely on freelance contributors to supplement work of their regular staff; it could force companies to offer retroactive electronic-rights payments for opinion pieces, full-length magazine articles, photographs and graphics; it could force publishers to pull from their data bases any freelance work covered by ruling; recent work is less likely to be subject to ruling, since number of media companies, including The New York Times, have for several years required freelancers to sign contracts that allow electronic reproduction of work without additional compensation; E Leonard Rubin, head of intellectual property section of Chicago law firm Gordon & Glickson, says impact of decision could be 'devastating'; George Freeman, assistant general counsel for The New York Times Co, says in case of New York Times, 'our complete record is historical archive; if one takes this decision at its word it would seem to require, absent an agreement with freelancers, that we delete articles that were part of that historical record'; adds 'opinion's effect appears to be tampering with the historic record'; Jonathan Tasini, president of National Writers' Union and lead plaintiff, praises decision that overturns ruling by Federal District Judge Sonia Sotomayor; Chief Judge Ralph K Winter writes ruling (M)
LOCKHEED TO SELL 8 BUSINESSES AND REORGANIZE
Date: 28 September 1999
By Bloomberg News
Bloomberg News
Lockheed Martin Corp plans to sell eight businesses, replace its chief financial officer and cut management ranks; five main business sectors will be condensed to four: aeronautics, space, systems integration and technology services; vice president Robert Stevens will become executive vice president-finance and financial chief; he will replace Philip Duke, who is named to new position overseeing Lockheed's efficiency (S)
GEERLINGS & WADE AGREES TO A DEAL WITH LIQUID HOLDINGS
Date: 29 September 1999
By Bloomberg News
Bloomberg News
Geerlings & Wade Inc agrees to be acquired by Liquid Holdings Inc for about $40 million in cash (S)
ALCATEL PLANS TO BUY GENESYS FOR $1.5 BILLION
Date: 29 September 1999
By Bloomberg News
Bloomberg News
Alcatel SA acquires Genesys Telecommunications Laboratories Inc for about $1.5 billion in stock (S)
ARCH CHEMICALS BUYS BUSINESS FROM EASTMAN CHEMICAL
Date: 28 September 1999
By Bloomberg News
Bloomberg News
Arch Chemicals Inc acquires specialty-chemicals business from Eastman Chemical Co for undisclosed price (S)
SJW, CALIFORNIA WATER UTILITY COMPANY, CONSIDERS SALE
Date: 29 September 1999
By Bloomberg News
Bloomberg News
SJW Corp, which owns water utility with 971,000 customers in California, hires Morgan Stanley Dean Witter to help it consider strategic alternatives, including sale of the company (S)
EGLOBE TO BUY TRANS GLOBAL FOR ABOUT $80 MILLION
Date: 28 September 1999
By Bloomberg News
Bloomberg News
Eglobe Inc acquires Trans Global Communications Inc for about $80 million in stock (S)
SHONEY'S TO CLOSE OR SELL 81 RESTAURANTS AND CUT JOBS
Date: 28 September 1999
By Bloomberg News
Bloomberg News
Shoney's Inc, which operates restaurant chains, will close 72 sites and sell 9 more, cutting 2,351 jobs, to increase profits; Shoney's expects to close company-owned restaurants by end of October; will also sell five Charlotte, NC, restaurants to franchisee Graham Foods and four to Bud Foods for undisclosed price (S)
WELLS FARGO INTENDS TO BUY BACK 5% OF ITS SHARES
Date: 29 September 1999
By Bloomberg News
Bloomberg News
Wells Fargo & Co plans to buy back as many as 82 million, or 5 percent, of its shares, worth as much as $3.2 billion at current prices (S)