Post and News Considered Shared Tasks, But Declined
Date: 05 February 2000
By Robert D. McFadden
Robert
New York Post and The Daily News, whose rivalry has generated flashes of rapier tabloid journalism and multimillion-dollar losses, have held exploratory talks on combining their printing and distribution operations to cut costs, but officials of both papers say discussions have gone nowhere (M)
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Phone Stocks Rise in Europe After Big Deal
Date: 05 February 2000
By Andrew Ross Sorkin
Andrew Sorkin
Vodafone Air Touch's agreement to acquire Mannesman of Germany for record $183 billion causes surge in telecommunications stock prices across Europe; some share prices noted; VodaFone chief executive Christopher Gent says company is interested in other acquisitions and links, including broader alliance with News Corp; combined VodaFone-Mannesman will be largest phone company in world, with more than 42 million subscribers; places pressure on rival mobile phone companies to either merge or risk being gobbled up by company (M)
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Detained Reporter in Swap
Date: 04 February 2000
By Michael R. Gordon
Michael Gordon
Russia, in an episode that underscores limits imposed on reporting from Chechnya, hands over Radio Liberty correspondent to Chechen rebels in exchange for two Russian soldiers (S)
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Muzzle Chafes Chechen War Media
Date: 04 February 2000
By Michael R. Gordon
Michael Gordon
Two struggles are under way in Chechnya: fierce fight between Russian military and thousands of rebels, and more subtle tug of war between Russian high command and nation's media; every day Russia's journalists do battle with military press service, which regulates access to battlefield and is determined to put out message that Kremlin's war is going according to plan (M)
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SHARES OF METROCALL TRIPLE ON NEWS OF BIG INVESTMENT
Date: 04 February 2000
By Bloomberg News
Bloomberg News
Shares of Metrocall Inc more than triple after investment firm Hicks, Muse, Tate & Furst and two other companies agree to invest about $51 million in company; Metrocall says separately that AT&T Corp will swap its preferred shares in Metrocall for 13.3 million common shares, making AT&T largest holder of Metrocall's common stock, with 16.9 percent stake (S)
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DOUBLECLICK SET TO SELL SHARES TO FINANCE ACQUISITIONS
Date: 05 February 2000
By Bloomberg News
Bloomberg News
DoubleClick Inc will sell as many as 8.63 million shares to help raise about $805 million for expansion and acquisitions (S)
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GLEASON, MAKER OF GEAR MACHINERY, CHANGES BUYOUT
Date: 05 February 2000
By Bloomberg News
Bloomberg News
Gleason Corp reduces number of shares needed to back management-led buyout to as few as 4.86 million after objections from biggest shareholder (S)
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IN SEPARATE DEALS, INTEL IS BUYING AMBIENT AND THINKIT
Date: 04 February 2000
By Bloomberg News
Bloomberg News
Intel Corp acquires Ambient Technologies Inc for about $150 million in cash; agrees to buy Thinkit Technologies Inc; terms undisclosed (S)
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SWISS REINSURANCE SAYS IT TRIED TO ACQUIRE PARTNERRE
Date: 04 February 2000
By Bloomberg News
Bloomberg News
Swiss Reinsurance Co discloses that it offered in November 1999 to acquire Bermuda insurer PartnerRe Ltd a month before it agreed to pay $725 million to buy Underwriters Re Group Inc; Swiss Re would have had to spend about $1.2 billion for PartnerRe; Swiss Re, which already has 26 percent stake in PartnerRe, says two sides could not agree on price; Swiss Re tells PartnerRe it disclosed talks to Securities and Exchange Commission because it might raise its PartnerRe holdings to 30 percent (S)
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INGERSOLL-RAND CLOSE TO SALE OF PUMP BUSINESS
Date: 05 February 2000
By Bloomberg News
Bloomberg News
Ingersoll-Rand Co chief executive Herbert Henkel says company expects to reach agreement soon to sell its pump business (S)
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