After Detroit Strike, Unions Switch Tactics
Date: 11 March 1997
By Iver Peterson
Iver Peterson
2,500 employees of Detroit Free Press and Detroit News ended strike in Feb that began on July 13, 1995; their unions have begun national campaign against Gannett Company, which owns News, and Knight-Ridder Inc, which owns Free Press, to force 1,300 replacement workers out (M)
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Gore's Stumble Entices Rivals For 2000 Race
Date: 11 March 1997
By Richard L. Berke
Richard Berke
Furor over Clinton Administration's fund-raising practices has already complicated Vice Pres Al Gore's carefully planned trajectory to White House and given new hope to other Democrats who would like to be President; Democrats say recent disclosures about Gore's involvement in soliciting donors in 1996 campaign and his clumsy public efforts to defend his conduct have clouded aura of inevitability around his prospects for winning Presidential nomination in 2000; there is still wide agreement among leading Democrats that at this early stage Gore is by far best poised to win his party's Presidential nomination; political climate in which Gore must build his election campaign has appreciably changed now that questions have arisen about his activities; CBS News Poll conducted on March 9 shows that 29% of voters have favorable opinon of him, decline from 49 percent in last poll in Jan; graph (M)
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BAIN CAPITAL TO ACQUIRE STAKE IN WALCO INTERNATIONAL
Date: 11 March 1997
By Bloomberg News
Bloomberg News
Bain Capital agrees to acquire majority stake in Walco International Inc, largest US distributor of animal health care products, for $100 million in cash (S)
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MERCURY FINANCE IS GIVEN REPRIEVE ON A $50 MILLION LOAN
Date: 12 March 1997
By Bloomberg News
Bloomberg News
Mercury Finance Co says BankAmerica Corp agreed to extend due date of its $50 million loan by four days, until March 14 (S)
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TIMES MIRROR TO SELL HARRY N. ABRAMS UNIT
Date: 11 March 1997
By Bloomberg News
Bloomberg News
Times Mirror Co will sell its Harry N Abrams Inc unit to closely held Groupe Latingy of Paris for undisclosed price (S)
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LESLIE FAY AND BDO SEIDMAN TO SETTLE SHAREHOLDER SUIT
Date: 11 March 1997
By Bloomberg News
Bloomberg News
Officials of Leslie Fay Companies and BDO Seidman, company's former accountant, agree to settle class-action shareholder lawsuit for $34.7 million; Leslie Fay shareholders contended that officials had intentionally misstated company's financial results, and that BDO Seidman was 'reckless' in its audit of company's 1990 and 1991 financial reports; Leslie Fay filed for bankruptcy court protection from creditors in 1993 (S)
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360 COMMUNICATIONS WARNS OF BLOWS TO RESULTS
Date: 12 March 1997
By Bloomberg News
Bloomberg News
360 Communications Co says new pricing, losses from cellular fraud and higher costs to acquire customers will hurt first-quarter results; losses from theft of cell-phone numbers and other fraud are expected to average about $3 million a month more than in the past (S)
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Bayer Has Strong Year, Aided by Foreign Results
Date: 12 March 1997
By Bloomberg News
Bloomberg News
Bayer AG says 1996 net profit rose 13.5 percent as strong dollar bolsters foreign sales and profits; net profit rose 2.74 billion marks ($1.61 billion), from 2.42 billion marks in 1995; pretax profit rose 6.7 percent, to 4.464 billion marks from 4.18 billion marks; sales rose 9 percent, to 48.60 billion marks ($28.6 billion), from 44.58 billion marks in the previous year (S)
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British Chemical Maker's Pretax Profit Is Up 12%
Date: 11 March 1997
By Bloomberg News
Bloomberg News
Laporte PLC, British maker of specialty chemicals, reports pretax profit rose 12 percent, to record 127 million pounds ($203 million) (S)
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Construction Companies To Merge in Netherlands
Date: 12 March 1997
By Bloomberg News
Bloomberg News
Royal Volker Strevin NV is in talks to buy Kondor Wessels Groep NV for about 500 million guilders ($262 million), creating Netherlands' second-largest construction company (S)
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