News Corp. Unit Will Fuse HarperCollins to TV Guide
Date: 24 September 1997
By Doreen Carvajal
Doreen Carvajal
News Corp takes steps to revamp its publishing house HarperCollins along with its weekly magazine TV Guide, combining those properties into new hybrid called News America Publishing Group; new unit will be headed by Anthea Disney, president of HarperCollins; announcement comes on a day that corporate executives issue emphatic new denials that HarperCollins is up for sale; new unit will include News Corp's on-line publishing division, TV Guide Entertainment Network, and its political magazine, The Weekly Standard (M)
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DANA WILL DISMISS 1,100 EMPLOYEES
Date: 24 September 1997
By Bloomberg News
Bloomberg News
Dana Corp will dismiss 1,100 workers or about 41 percent of work force, at its vehicle frame factories in Reading, Pa, by June 1998 to cut costs; cutbacks reflect pressure on automotive suppliers to cut costs (S)
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INTERNATIONAL MULTIFOODS TO CLOSE POULTRY EXPORT UNIT
Date: 24 September 1997
By Bloomberg News
Bloomberg News
International Multifoods Corp will close its poultry-exporting business because unit's costs far exceed its contribution to earnings (S)
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WARNACO'S PACT TO BUY DESIGNER HOLDINGS IS EXTENDED
Date: 25 September 1997
By Bloomberg News
Bloomberg News
Warnaco Group Inc says its agreement to acquire Designer Holdings Ltd has been extended to midnight on Sept 26, until proper documents are filed (S)
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STARWOOD LODGING BUYS CROWNE PLAZA IN NEW ORLEANS
Date: 25 September 1997
By Bloomberg News
Bloomberg News
Starwood Lodging Trust acquires Crowne Plaza Hotel in New Orleans, La, for $58.5 million from joint venture run by affiliates of Holiday Inns Inc, unit of Bass PLC, and Joseph C Canizaro Interests; Starwood sells three Best Western hotels--in El Paso, Las Cruces, NM, and Savannah, Ga--to Columbus Hotel Properties LLC, a Canizaro affiliate, for $12 million (S)
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BELLSOUTH TO BUY BACK UP TO $1 BILLION IN STOCK
Date: 24 September 1997
By Bloomberg News
Bloomberg News
BellSouth Corp will buy back as much as $1 billion in stock by end of 1998 (S)
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VALUJET SHARES RISE AFTER NAME IS CHANGED TO AIRTRAN
Date: 25 September 1997
By Bloomberg News
Bloomberg News
Shares of Valujet Inc jump after carrier changes its name to Airtran Airlines in effort to shake its image as disaster-struck airline and return to profitability; stock rises $1.59375, to $6.46875 (S)
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REGIONS FINANCIAL TO BUY 2 SOUTH CAROLINA BANKS
Date: 24 September 1997
By Bloomberg News
Bloomberg News
Regions Financial Corp agrees to pay $223.5 million in stock to buy two South Carolina banks: Palfed Inc and First United Bancorp; Regions Financial will pay $144.5 million for Palfed and $79 million for First United Bancorp (S)
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NORTHWEST ORDERS 50 JETS AND OPTIONS 100 FROM AIRBUS
Date: 25 September 1997
By Bloomberg News
Bloomberg News
Northwest Airlines Corp formally orders 50 jetliners from Airbus Industrie and takes options for 100 more (S)
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Stocks Drop on Continued Earnings Concerns
Date: 25 September 1997
By Bloomberg News
Bloomberg News
Dow Jones industrial average closes down 63.35 points, or eight-tenths of 1 percent, to 7,906.71; Standard & Poor's index falls 7.45 points, or eight-tenths of 1 percent, to 944.48, and Nasdaq composite index drops 9.95 points, or six-tenths of 1 percent, to 1,687.41; chart (L)
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