Daily News Error: $100,000 Dreams Turn to Nightmare
Date: 06 November 1999
By Robert D. McFadden
Robert
Production error results in incorrect numbers on New York Daily News 'Scratch 'N' Match' lottery game and leads thousands to believe they were winners of $100,000 or other prizes offered in promotional contest; newspaper says it will not honor tickets but will hold special drawing to choose winners; photos (M)
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COMMERCE ONE BUYS COMMERCEBID FOR STOCK AND CASH
Date: 06 November 1999
By Bloomberg News
Bloomberg News
Commerce One acquires CommerceBid.com for $4.5 million and 785,000 new shares of Commerce One (S)
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TENNECO AUTO AND PACKAGING UNITS BECOME INDEPENDENT
Date: 06 November 1999
By Bloomberg News
Bloomberg News
Tenneco Inc separates its final two businesses as Tenneco Automotive and Pactiv Corp become independent companies (S)
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COSTAR GROUP TO BUY COMPS.COM FOR $102 MILLION
Date: 05 November 1999
By Bloomberg News
Bloomberg News
CoStar Group agrees to buy Comps.com Inc for about $51 million in cash and another $51 million in stock; will also assume about $5 million in debt (S)
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STARWOOD TO SELL KANSAS CITY HOTEL FOR $61 MILLION
Date: 06 November 1999
By Bloomberg News
Bloomberg News
Starwood Hotels and Resorts Worldwide sells Ritz Carlton Kansas City Hotel to private investment group Maritz, Wolff & Co for $61 million (S)
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FRUIT OF THE LOOM PLANS TO PARE ITS PRODUCT LINE
Date: 05 November 1999
By Bloomberg News
Bloomberg News
Fruit of the Loom Ltd will discontinue some products and might close some plants in effort to return to profitability; plans to eliminate about 1,000 products, representing total of less than 2 percent of sales; reports third-quarter loss of $166.4 million, compared with net income of $50.4 million a year earlier (S)
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MOTOROLA STOCK RISES 7%, REACHING A RECORD HIGH
Date: 06 November 1999
By Bloomberg News
Bloomberg News
Shares of Motorola Inc rise 7 percent to a record after company tells analysts that it is controlling production costs and expects to exceed industry growth forecasts (S)
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GIANT CEMENT ACCEPTS $276 MILLION OFFER FROM RIVAL
Date: 05 November 1999
By Bloomberg News
Bloomberg News
Giant Cement Holding to be acquired by Spanish rival, Cementos Portland, for about $276 million; Cementos Portland will assume $67.4 million in debt (S)
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MCN ENERGY TO SELL 95% STAKE IN 4 PLANTS TO DTE ENERGY
Date: 05 November 1999
By Bloomberg News
Bloomberg News
MCN Energy Group, owner of Michigan's second-largest natural-gas utility, agrees to sell its 95 percent stake in four coal-briquettes plants to DTE Energy for as much as $152 million; plants compress waste from coal mining into briquettes used for fuel (S)
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SBC In Wireless Purchase
Date: 06 November 1999
By Bloomberg News
Bloomberg News
SBC Communications acquires Radiofone Inc, adding 200,000 wireless-telephone companies in Louisiana and Michigan (S)
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