Media Talk; Arnett Plans to Write The History of CNN
Date: 23 August 1999
By Felicity Barringer
Felicity Barringer
Peter Arnett and Ed Turner are shopping around book proposal for authorized history of CNN and assessment of network's effect on television news, possibly pegged to CNN's 20th anniversary; photo (S)
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SOUTH AFRICAN G.D.P.
Date: 24 August 1999
By Bloomberg News
Bloomberg News
South Africa's gross domestic product grew by annualized rate of 1.7 percent in second quarter, more than expected, as country begins to shake off effects of last year's sharp rise in interest rates (S)
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KOREAN STOCKS RALLY
Date: 24 August 1999
By Bloomberg News
Bloomberg News
Korea's benchmark Kospi stock index stages biggest rally this month, surging 39.19 points, or 4.5 percent, to 917.58, after Moody's Investors Service says it might raise nation's credit rating, surprising investors who were focused on breakup of debt-laden conglomerate Daewoo (S)
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MAXTOR TO BUY NETWORK STORAGE COMPANY
Date: 24 August 1999
By Bloomberg News
Bloomberg News
Maxtor Corp agrees to buy Creative Design Solutions for $57 million in stock to enter computer network storage market (S)
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ESKIMO PIE WEIGHS REDUCED OFFER
Date: 24 August 1999
By Bloomberg News
Bloomberg News
Eskimo Pie Inc is considering bid of $35 million from unidentified private investment group that is lower than $45 million bid from Yogen Fruz World-Wide Inc, which was rejected by Eskimo Pie in December (S)
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SK TELECOM STAKE IS SOLD
Date: 24 August 1999
By Bloomberg News
Bloomberg News
Tiger Management LLC, huge hedge fund headed by Julian Robertson, reduces its stake in SK Telecom Corp, selling shares to Korean company's parent a month after increasing its investment and vowing to fight management; two SK Group units buy shares from Tiger and other investors for $820 million, increasing company's stake to 36.5 percent from 27 percent; photo of Robertson (S)
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ALCOA TO BUY ACX TECHNOLOGIES ROLLING UNIT
Date: 24 August 1999
By Bloomberg News
Bloomberg News
Alcoa Inc acquires aluminum-rolling unit of ACX Technologies Inc for $41 million in cash (S)
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PSINET AGREES TO BUY DATA SERVICE PROVIDER
Date: 24 August 1999
By Bloomberg News
Bloomberg News
Psinet Inc acquires Transaction Network Services Inc for $720 million in cash and stock (S)
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Record for Big Board Seat
Date: 24 August 1999
By Bloomberg News
Bloomberg News
Seat on New York Stock Exchange sells for record $2.65 million, up $150,000 from previous sale (S)
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Rail Contractor in Deal
Date: 24 August 1999
By Bloomberg News
Bloomberg News
Railworks Corp plans to buy W T Byler Co for undisclosed price (S)
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