South Africa Relents a Bit on Ousting Reporter
Date: 28 May 1998
By Donald G. McNeil Jr
Donald McNeil
South African Government, after months of refusing to let award-winning journalist Newton Kanhema return to fight deportation order, abruptly reverses itself; Kanhema is Zimbabwean citizen who has been living and working in South Africa but is visiting US on journalism fellowship; free press advocates say South Africa appears to be trying to chill freedom of press by deporting journalist who has angered Deputy Pres Thabo Mbeki; Jimmy Carter has raised Kanhema's case with Pres Nelson Mandela (M)
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ARBOR IN $762 MILLION STOCK DEAL FOR HYPERION
Date: 27 May 1998
By Bloomberg News
Bloomberg News
Arbor Software Corp will acquire Hyperion Software Corp for about $762 million, creating one of largest US makers of financial software for businesses (S)
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CINCINNATI BELL WARNS OF LOWER EARNINGS AND LAYOFFS
Date: 27 May 1998
By Bloomberg News
Bloomberg News
Cincinnati Bell Inc warns that its second-quarter earnings and sales will be less than expected and that it will dismiss workers to improve profit (S)
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SOUTHERN TO BUY 9 POWER PLANTS IN MASSACHUSETTS
Date: 28 May 1998
By Bloomberg News
Bloomberg News
Southern Co agrees to buy 9 power plants from Commonwealth Energy System and Eastern Utilities Associates for $537 million to bolster its electricity-trading operations in Northeast; plants are in Massachusetts (S)
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HICKS, TATE SEEKS LATIN AMERICA MEDIA HOLDINGS
Date: 28 May 1998
By Bloomberg News
Bloomberg News
Hicks, Muse, Tate & Furst Inc, buyout firm, agrees to pay $700 million for about 30 percent of Argentine media company CEI Citicorp Holdings SA; sellers are Citibank unit of Citicorp and Los W S.A. (S)
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CBS TO SELL UNIT TO EMERSON ELECTRIC FOR $265 MILLION
Date: 27 May 1998
By Bloomberg News
Bloomberg News
CBS Corp agrees to sell its Westinghouse process-control unit to Emerson Electric Co for $265 million (S)
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RYDER SYSTEM IN TALKS TO SELL BRITISH RENTAL BUSINESSES
Date: 27 May 1998
By Bloomberg News
Bloomberg News
Ryder System Inc is in talks to sell its commercial truck-leasing and rental business in Britain (S)
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INLAND STEEL TO HOLD DUTCH AUCTION AFTER SALE OF UNIT
Date: 28 May 1998
By Bloomberg News
Bloomberg News
Inland Steel Industries, which agreed in March to sell its steel-making unit to Ispat International NV, says it will distribute proceeds to shareholders through Dutch auction. in which Inland will specify range of prices at which it is willing to buy back its common shares (S)
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Sheffer Leads Team to Title
Date: 27 May 1998
By Bloomberg News
Bloomberg News
Maccabi Tel Aviv defeats Hapoel Eilat, 94-80, to win Israeli Basketball League championship (S)
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Flyers Invite Woman to Camp
Date: 27 May 1998
By Bloomberg News
Bloomberg News
Philadelphia Flyers invite Hayley Wickenheiser, member of Canadian women's Olympic team, to their prospects camp, giving her chance to test her skills against some of National Hockey League team's top hopefuls (S)
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