Financial Crisis Is Taking a Heavy Toll on Turkey's Media
Date: 02 April 2001
By Douglas Frantz
Douglas Frantz
News media are industry hardest hit in Turkey by economic crisis, with some 3,000 of 12,000 media workers laid off in recent weeks; journalists and their advocates cite overexpansion by businesses that bought media outlets to curry favor with government and moves by media barons into other businesses; hold payrolls, especially big salaries of columnists, many of them former government officials, were pumped up by money from owners' other businesses; photo (M)
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FPL CANCELS ITS ACQUISITION OF ENTERGY
Date: 03 April 2001
By Bloomberg News
Bloomberg News
FPL Group cancels $15.8 billion acquisition of Entergy Corp because of conflict over who would lead combined company, and FPL says Entergy gave conflicting earnings forecasts; Entergy's chief executive Wayne Leonard says FPL's chairman and chief executive, James Broadhead, planned to renege on agreement to make him chief executive of new company (S)
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POLYONE TO CLOSE SOME PLASTIC AND PIGMENT PLANTS
Date: 03 April 2001
By Bloomberg News
Bloomberg News
PolyOne Corp, chemical maker, will eliminate at least one-third of its 34 plants that make pigments and plastics within two years (S)
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Ameritrade to Cut 170 Jobs
Date: 02 April 2001
By Bloomberg News
Bloomberg News
Ameritrade Holding Corp will cut 170 jobs, about 7.4 percent of work force, most at call centers in Omaha and Fort Worth (S)
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Allianz Says It Will Acquire Dresdner Bank for $20 Billion
Date: 02 April 2001
By Bloomberg News
Bloomberg News
Allianz will buy 80 percent of Dresdner Bank it does not own for about $20 billion in cash and stock; will sell its 13.5 percent stake in HypoVereinsbank to Munich Re and buy Munich Re's 40 percent stake in Allianz Leben in 2002 as part of plan; Munich Re says it will seek to raise its stake in Ergo Versicherungsgruppe to 95 percent from 63 percent and increase its HypoVereinsbank holding to just under 26 percent (M)
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McCarron Still Won't Make Masters
Date: 03 April 2001
By Bloomberg News
Bloomberg News
Scott McCarron's victory in BellSouth Classic ended his four-year stretch without victory on PGA Tour but was not good enough to qualify him to play in Masters (S)
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Bidding Goes Higher For Spanish Utility
Date: 02 April 2001
By Bloomberg News
Bloomberg News
Energie Baden-Wurttemberg raises its bid for Hidroelectrica del Cantabrico to 3.9 billion euros ($3.4 billion); Energie, backed by Ferroatlantica, tops bid by RWE (S)
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ABB Offers Details On Asbestos Claims
Date: 03 April 2001
By Bloomberg News
Bloomberg News
ABB Ltd says it faces 66,000 personal-injury claims related to asbestos in US and does not known what ultimate cost will be (S)
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F.T.C. Accuses Drug Makers Of Collusion to Delay Generics
Date: 03 April 2001
By Bloomberg News
Bloomberg News
Federal Trade Commission accuses Schering-Plough Corp of paying $90 million to American Home Products and Upsher-Smith Laboratories to delay sales of alternatives to Schering's K-Dur 20 potassium-chloride supplement; says Aventis and Andrx Corp settled charges that Aventis paid Andrx $90 million to delay release of generic version of Cardizem CD, Aventis's most popular heart medication (M)
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NEWS SUMMARY
Date: 03 April 2001
INTERNATIONAL A3-9 Bush Presses China To Return Plane and Crew President Bush demanded ''the prompt and safe return'' of a Navy crew and their spy plane, which made an emergency landing on Hainan island on Sunday after colliding with a Chinese jet. He warned that China's continued silence about when the fliers would be returned could harm the relationship between the two countries. Nothing has been heard from the crew since a radio transmission that American officials said indicated that Chinese troops were about to board the aircraft, which carried advanced surveillance equipment. A1
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