Times Is Sued By N.B.A. Over Sale of Photos
Date: 11 July 2000
By Felicity Barringer
Felicity Barringer
National Basketball Association sues New York Times Co for selling collection of five photographs from 1999 NBA playoffs, saying that sale violated terms of contract written on back of press passes of newspaper photographers; lawsuit argues press credentials limit The Times's 'use of NBA photographs to news coverage of specific games for which the credential was issued'; suit reflects new battlefront in continuing struggle between news organizations and sports leagues, arenas, theaters and other entertainment forums over line between news gathering protected under First Amendment to the Constitution and infringement of property rights of people paying for and producing events that journalists cover (M)
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Justice Dept. Details Its Case Against Former Starr Spokesman
Date: 11 July 2000
By Adam Clymer
Adam Clymer
Justice Department details case against Charles G Bakaly III, former spokesman for independent prosecutor Kenneth W Starr who is accused of lying when he denied leaking information to New York Times about possible indictment of Pres Clinton relating to affair with Monica Lewinsky; says his false answers to government lawyers obstructed justice by delaying federal judge's investigation into news leaks and causing unnecessary work and costs for court and others; Bakaly's lawyers deny allegations; say Bakaly discussed subject with reporter for Times, but nothing that was not already public knowledge (M)
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Russian Media Conglomerate Searched Again by Authorities
Date: 12 July 2000
By Michael Wines
Michael Wines
Russian prosecutors search offices of Media-Most, media conglomerate owned by Vladimir A Gusinsky, for the second time in two months; skeptics suspect that Kremlin is trying to silence one of its few prominent critics (M)
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PINNACLE SKIDS ON NEWS THAT PROFIT WILL MISS TARGET
Date: 12 July 2000
By Bloomberg News
Bloomberg News
Shares of Pinnacle Systems plunge after company, maker of digital video-editing tools, says fourth-quarter profit missed analysts' estimates because of lower-than-expected sales; shares fall 59 percent, losing $13.4375, to $9.1875 (S)
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SEMPRA TO INCREASE STAKES IN THREE ARGENTINE UTILITIES
Date: 12 July 2000
By Bloomberg News
Bloomberg News
Sempra Energy, owner of big California natural gas utilities, acquires stakes in three Argentine utilities held by Dominion Resources Inc for $145 million; Sempra Energy will get 21.5 percent stakes in companies that serve 1.2 million customers in Argentina, raising its stakes to 43 percent; Sempra is also buying 25 percent of company with controlling interest in electricity supplier serving more than 400,000 customers in province of Buenos Aires (S)
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FOREST OIL AGREES TO BUY FORCENERGY, A RIVAL
Date: 11 July 2000
By Bloomberg News
Bloomberg News
Forest Oil Corp acquires Forcenergy Inc for about $615 million in stock to add wells in Alaska and Gulf of Mexico (S)
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ASSOCIATES FIRST CAPITAL TO BUY ZALE'S CREDIT BUSINESS
Date: 11 July 2000
By Bloomberg News
Bloomberg News
Associates First Capital Corp acquires $630 million credit card portfolio from Zale Corp jewelry chain (S)
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LOS ANGELES DEVELOPER TO BUY LAS VEGAS HILTON
Date: 12 July 2000
By Bloomberg News
Bloomberg News
Park Place Entertainment Corp, world's largest casino company, agrees to sell Las Vegas Hilton to Los Angeles real estate developer Ed Roski Jr for $365 million in cash, receivables and assumed debt; Roski, president and chief executive of Majestic Realty Corp, will assume $31 million in liabilities and Park Place will keep $28 million in debt owed by high-rolling gamblers (S)
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QUANTA PURCHASES 7 BUSINESSES, LENGTHENING ITS REACH
Date: 12 July 2000
By Bloomberg News
Bloomberg News
Quanta Services Inc, installer of power and phone lines, acquires seven businesses that expand its services and geographic reach and add about $140 million in annual sales; financial terms undisclosed (S)
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INTUIT TO BUY REST OF BILL-PAYMENT SYSTEM JOINT VENTURE
Date: 11 July 2000
By Bloomberg News
Bloomberg News
Intuit Inc, maker of personal finance software, plans to buy for up to $150 million in cash the portion it does not own of joint venture called Venture Finance Software Corp, which developes software for online bill payment (S)
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