Telecom Italia Rejects Bid By Olivetti
Date: 28 April 1999
By John Tagliabue
John Tagliabue
Telecom Italia formally rejects $65 billion hostile bid from Olivetti SpA; seeks to thwart takeover by selling 65 percent of its pay-per-view television operation, Stream, to group of companies including News Corp; Olivetti protests move; deal would give News Corp, Cecchi Gori media group and four Italian soccer teams broadcast rights to team's games for six years; Telecom reportedly pushes ahead with plans to merge with Deutsche Telekom in stock swap; Italian and German economic officials discuss Italy's concerns about German Government's continued stake in Deutsche Telekom (M)
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NATO Bombs Reported to Kill 20 Civilians in Southern Serbia
Date: 28 April 1999
By Steven Erlanger
Steven Erlanger
Serbian state television and Western news agencies report that Belgrade experienced heavy NATO bombing on April 28; say NATO bombs killed at least 20 civilians in southern Serbian city of Surdulica (M)
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TV Notes; The 'Meeting' Format
Date: 28 April 1999
By Lawrie Mifflin
Lawrie Mifflin
Littleton, Colo, high school killings gets far more atention from major television networks than previous school killings and more than twice as many minutes on the 6:30 evening newscasts than coverage of crisis in Yugoslavia (S)
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Ejido Pino Gordo Journal; All Across Mexico, a Chainsaw Massacre of Trees
Date: 28 April 1999
By Sam Dillon
Sam Dillon
Remote village of Ejido Pino Gordo, Mexico, is surrounded by magnificent forests; Indian residents of village recently demonstrated in Chihuahua state capital after outsiders bulldozed logging road and cut down hundreds of 200-year-old trees; Government officials were stunned by protest and news coverage it prompted; they have announced halt to illegal logging around village in Sierra Madre Mountains; all across Mexico timberlands are being cleared at devastating rate; map; photo (M)
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Milosevic Abruptly Fires A High-Profile Maverick
Date: 29 April 1999
By Steven Erlanger
Steven Erlanger
Yugoslav Pres Slobodan Milosevic fires Deputy Prime Min Vuk Draskovic, who had threatened street demonstrations against Government over press freedom; photo (M)
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IRI INTERNATIONAL IS IN PRELIMINARY TAKEOVER TALKS
Date: 28 April 1999
By Bloomberg News
Bloomberg News
IRI International Corp weighs bid from undisclosed suitor (S)
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I.B.M. INCREASES DIVIDEND AND AUTHORIZES A BUYBACK
Date: 28 April 1999
By Bloomberg News
Bloomberg News
International Business Machines Corp raises dividend to 24 cents a share from 22 cents; sets $3.5 billion stock buyback (S)
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HUGHES COMPLETES $1.36 BILLION PRIMESTAR PURCHASE
Date: 29 April 1999
By Bloomberg News
Bloomberg News
Hughes Electronics Corp, overcoming bondholders' objections, completes $1.36 billion purchase of most of Primestar Inc; Primestar agrees to raise its payout to creditors to about 97.5 cents on dollar, from 67 cents (S)
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BORON, LEPORE FORECASTS A LOSS AND PONDERS OPTIONS
Date: 28 April 1999
By Bloomberg News
Bloomberg News
Boron, LePore & Associates hires Bear, Stearns & Co to explore alternatives, including sale of company; predicts first-quarter loss of up to 10 cents a share (S)
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PAMIDA HOLDINGS SAYS IT IS CONSIDERING A BUYOUT OFFER
Date: 28 April 1999
By Bloomberg News
Bloomberg News
Pamida Holdings Corp says it is in talks with potential buyer and has gotten inquiry from another party about business combination; Pamida stock rises sharply (S)
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