Den 12 maj 2001 var en lördag under stjärntecknet ♉. Det var 131 e dagen i året. Förenta staternas president var George W. Bush.
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12th of May 2001 News
Nyheter som framträdde på New York Times framsida den 12 maj 2001
Free Speech For Publisher, Not the Help
Date: 12 May 2001
By Clyde Haberman
Clyde Haberman
Clyde Haberman NYC column draws parallel between Daily News Publisher Mortimer Zuckerman's request that laid off employees agree to be silent about newspaper, lest they lose severance benefits, and his being admonished to give up column he writes about Middle East and Israel for US News & World Report during his tenure as chair of Conference of Presidents of Major American Jewish Organizations; says he resents idea of censorship, but, Haberman points out, it is tantamount to what he asks of his dismissed employees (M)
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A Private End for a Public Relations Star
Date: 13 May 2001
By Winnie Hu
Winnie Hu
Harold Burson, founder and chairman of Burson Marsteller and longtime friend of late Denny Griswold, who started and edited Public Relations News in 1970, will hold memborial service for Griswold, who died on Feb 7 at age 92, at Penn Club; Griswold, who held lavish industry parties, died with little notice and her death was not publicly noted for one month; photo (M)
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The Nation; Is the Business of America Business?
Date: 13 May 2001
By Bruce J. Schulman
Bruce Schulman
America's traditional separation of its political elite from its economic elite is seen breaking down; recent Washington Post/ABC News poll reveals that overwhelming majority of Americans, almost two-thirds, believe that Pres Bush 'cares more about protecting interests of large business corporations' than 'protecting the interests of ordinary people'; phto (M)
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Sports of The Times; What I Learned in a Session at the Jets' Day Camp
Date: 13 May 2001
By George Vecsey
George Vecsey
George Vecsey Sports of The Times column describes media day at New York Jets training camp; day includes explanation of salary cap, list of offensive plays, game films and drills; Vecsey says he is impressed with new head coach Herman Edwards; photos (M)
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CLOROX TO GET 50% STAKE IN BRAZILIAN CONCERN
Date: 12 May 2001
By Bloomberg News
Bloomberg News
The Clorox Company agreed to pay $175 million for a 50 percent stake in a unit of Bombril S.A. of Brazil, resurrecting a transaction that it says will help build its presence in Latin America. Clorox will acquire half of Detergentes Bombril, a unit of Bombril, the Brazilian company said. The two companies agreed to talk again after Clorox pulled out of the transaction on April 6, Bombril said. In January, Clorox, based in Oakland, Calif., said it agreed to pay $200 million to acquire 50 percent of Detergentes, a new company. Bombril, which makes steel wool, detergents and other household products, was supposed to transfer assets including trademarks, three production plants and about 1,900 employees to the venture.
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INSTINET GROUP ADVANCES ITS PROTRADER GROUP BID
Date: 12 May 2001
By Bloomberg News
Bloomberg News
The Instinet Group, seeking to enhance its services for individual investors, reached a preliminary agreement to acquire the ProTrader Group for about $150 million. ProTrader, based in Austin, Tex., provides electronic brokerage services that give customers direct access to stock trading. The company's chief customers are private individuals, according to Jim Herbold, ProTrader's chief information officer. Similarly, Instinet, based in New York, operates an electronic marketplace that permits clients to enter their own orders to buy and sell stocks traded on the Nasdaq and the New York Stock Exchange. The company, a unit of the Reuters Group, has filed with the Securities and Exchange Commission to raise almost $400 million through an initial public offering.
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STARMEDIA, AN INTERNET COMPANY, SET TO CUT 200 JOBS
Date: 12 May 2001
By Bloomberg News
Bloomberg News
StarMedia Network Inc will eliminate about 200 jobs, or 25 percent of its work force; announces first-quarter loss narrows to $31.2 million, or 46 cents a share (S)
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KRAFT FOODS NARROWS PRICE RANGE OF ITS STOCK SALES
Date: 12 May 2001
By Bloomberg News
Bloomberg News
Kraft Foods Inc division of Philip Morris Companies narrows range for its initial stock sale from $26 to $31 a share to $27 to $30 (S)
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Two Executives Will Be Leaving Nortel Networks
Date: 12 May 2001
By Bloomberg News
Bloomberg News
Nortel Networks said today that its chief executive, John Roth, would retire next April and that his top lieutenant, Clarence J. Chandran, had resigned because of health reasons. Nortel, a phone equipment maker, is beginning a search for a successor to Mr. Roth, 58. In the meantime, Mr. Roth will take over Mr. Chandran's chief operating officer duties, the company said. Mr. Chandran was two months into a 6- to 12-month medical leave to recuperate from surgery related to a stabbing in Singapore in 1997.
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Shares Slip on Fears That Fed's Rate Cuts Will Soon End
Date: 12 May 2001
By Bloomberg News
Bloomberg News
Stocks fell yesterday after reports of unexpected strength in retail sales and consumer confidence convinced some investors that the Federal Reserve would not reduce interest rates as aggressively as expected. General Electric and Intel led the decline, while the New York Stock Exchange had its slowest day this year. All three major gauges had a losing week for the first time since April 6.
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