Fighting the Rankings of a College Guide
Date: 05 January 1997
By Peter Applebome
Peter Applebome
US News & World Report's annual 'America's Best Colleges' guide gives numerical ranking to 1,422 accredited four-year schools; annual ranking is widely reviled by many educators and students, who say ranking colleges and universities like toasters or football teams does more harm than good; student governments of several university systems and colleges have passed resolutions asking US News to halt the ranking; drawing (special section, Education Life, part 2 of 2-part section) (L)
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Time Warner Official Breaks With the Mayor
Date: 05 January 1997
By Elisabeth Bumiller
Elisabeth Bumiller
Time Warner pres Richard D Parsons is former adviser to New York City Mayor Rudolph W Giuliani and his most prominent black supporter; as Giuliani's 1997 re-election campaign begins, two old friends are not speaking; Parsons says he is 'disappointed' in Giuliani and fed up with his staff; source of fight is Oct war between Giuliani and Time Warner, whose chieftains became enraged when Giuliani tried to force company to add new 24-hour Fox News Channel to its New York City cable lineup; Parsons quit in protest as chairman of city's Economic Development Corp when Giuliani refused to back down; photos (M)
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MORTON'S TO SELL 19 ATLANTA-BASED RESTAURANTS
Date: 04 January 1997
By Bloomberg News
Bloomberg News
Morton's Restaurant Group Inc agrees to sell its Atlanta-based Mick's and Peasant restaurants, resulting in fourth-quarter pretax charge of $9 million to $12 million; restaurant group signs agreement to sell its 19 restaurants to MRI Acquisition Corp and PRI Acquisition Corp for $6.8 million (S)
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CUMMINS ENGINE BUYS BACK 1.3 MILLION SHARES FROM FORD
Date: 04 January 1997
By Bloomberg News
Bloomberg News
Cummins Engine Co buys back 1.3 million of its common shares from Ford Motor Co and will repurchase 1.7 million more shares on the open market (S)è
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American Radio in Deal
Date: 04 January 1997
By Bloomberg News
Bloomberg News
American Radio Systems Corp agrees to buy Cincinnati radio station WGRR-FM from Dalton Group for about $30 million (S)
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Chancellor to Sell Stock
Date: 04 January 1997
By Bloomberg News
Bloomberg News
Chancellor Broadcasting Co and one of its units, Chancellor Radio Broadcasting Co, plan to raise $200 million by selling two kinds of preferred stock to investors in separate, private offerings (S)
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Settlement in Bond Case
Date: 04 January 1997
By Bloomberg News
Bloomberg News
Nicholas A Rudi Jr, who advised Jim Florio when he was Governor of New Jersey, agrees to pay $86,000 to settle civil charges by Securities and Exchange Commission that he accepted kickbacks to help bank, Camden County Municipal Utilities Authority, win $237 million municipal bond contract; Rudi settles case without admitting or denying wrongdoing (S)
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Fidelity Investments Fund Manager Resigns
Date: 04 January 1997
By Bloomberg News
Bloomberg News
Larry Greenberg is leaving Fidelity Investments after 10 years at number one US fund group; Greenberg is taking job at Summit Partners, venture capital firm based in Boston; Fidelity also says fund manager Andrew Offit resigned to take position at Chestnut Hill Management Corp (S)
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Next Wave Licenses Approved
Date: 04 January 1997
By Bloomberg News
Bloomberg News
Next Wave Telecom Inc is conditionally awarded nearly $5 billion in contested airwaves licenses it won at Federal Communications Commission auction last year; as a condition of receiving its licenses, Next Wave, a wireless communications company, must within six months reduce its foreign ownership to bring it into compliance with Federal laws that limit foreign companies from owning no more than 25 percent of a wireless license (M)
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4 Partners in Airbus Industrie Reach Accord on Revamping It
Date: 04 January 1997
By Bloomberg News
Bloomberg News
Four partners in Airbus Industrie reach accord about how to restructure airplane manufacturer to make it more competitive, but Airbus says it will not release details of agreement for several days; Airbus is marketing vehicle for commercial aircraft made by partners--Daimler-Benz Aerospace AG, unit of Daimler-Benz AG of Germany, Aerospatiale of France, British Aerospace PLC and Construcciones Aeronauticas SA of Spain--each of which has its own assets (M)
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