Reporters With Masks
Date: 27 December 1996
By A.m. Rosenthal
A M Rosenthal comments on jury ruling against ABC for using hidden cameras and reporters masquerading as meatpackers to get story suggests that supermarket chain sold spoiled meat; holds verdict may turn out to be helpful to news business; argues that jury decision does something that press should have done long ago: focus attention on undercover reporting, practice that puts private rights in conflict with press rights; holds printed press is not innocent, but on TV it is so widespread that public contemptuously thinks of it as built into news gathering (M)
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PSINET STOCK RISES 23.8% ON EARNINGS ANNOUNCEMENT
Date: 27 December 1996
By Bloomberg News
Bloomberg News
Stock of PsiNet Inc rises 23.8 percent after company says it expects its first-half 1997 earnings before interest, taxes, depreciation and amortization expenses to be positive for first time; company posted $53.2 million loss in 1995 (S)
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TWO COMPANIES TO SHARE $237 MILLION ORDER FROM ARMY
Date: 27 December 1996
By Bloomberg News
Bloomberg News
United States Army announces $237.5 million order for portable computers, software and related equipment, to be shared by Government Technology Services Inc and Sysorex Information Systems Inc (S)
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TENNESSEE GAS TO PAY $60 MILLION TO END CONTRACT
Date: 27 December 1996
By Bloomberg News
Bloomberg News
Tesoro Petroleum Corp says Tennessee Gas Pipeline Co agreed to pay it about $60 million to end contract that requires Tennessee Gas to buy gas at above-market prices; this ends long-running litigation between two companies; Tennessee Gas lost court decision over disputed contract (S)
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Northeast Brazil to Get Korean Auto Plant
Date: 26 December 1996
By Bloomberg News
Bloomberg News
Asia Motors Co of South Korea plans to build $500 million assembly plant in northeastern Brazil; Pres Fernando Henrique Cardoso says plan will lead to greater industrialization of region (S)
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Burcon to Buy Land From Concord Pacific
Date: 26 December 1996
By Bloomberg News
Bloomberg News
Burcon International Developments Ltd signs letter of intent to buy Vancouver, British Columbia, development site from Concord Pacific Holdings Corp for $250 million (Canadian) (US$183.6 million); Burcon says price includes assumption of debt and that it will issue shares and warrants to Concord shareholders (S)
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Japanese Stocks Fall Steeply On Concern About the Budget
Date: 26 December 1996
By Bloomberg News
Bloomberg News
Nikkei index of 225 Japanese stock issues is down 451.09 points, to 19,098.32, at midday, its lowest level in over year (S)
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Natural Gas and Heating Oil Drop as Mild Weather Is Seen
Date: 27 December 1996
By Bloomberg News
Bloomberg News
Natural gas and heating oil prices slump amid forecasts for more mild weather across much of United States; on other markets, wheat and copper rise (M)
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Taxes Raised In Japan's Latest Budget
Date: 26 December 1996
By Bloomberg News
Bloomberg News
Japanese Cabinet approves proposal for 77.39 trillion yen ($676 billion) budget for next fiscal year that would raise consumption tax and end income tax rebates; economists say budget does not go far enough to cut deficit; Cabinet approves 3.6 trillion yen in additional spending, mostly for public works, in current fiscal year, which ends Mar 31 (M)
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F.C.C. May Let Bells Decide When to Ease Access Fees
Date: 26 December 1996
By Bloomberg News
Bloomberg News
Federal Communications Commission weighs letting local phone operating companies continue to set access charges to connect long-distance calls until local competitors emerge to force fees down; such fees now total about $30 billion a year; FCC, seeking to spur Internet, says Internet service providers, which do not pay access charges to local phone networks, should not have to pay same fees as long-distance carriers (M)
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