CBS News wants to pay newspaper reporters for tips on stories.
Date: 27 October 1997
By Iver Peterson
Iver Peterson
CBS News has taken informal connection between television news and print journalism to new level; it has sent E-mail to newspaper police and court reporters offering money for news tips that get on the air, with proviso that news reports cannot have already been broadcast elsewhere on TV, and with strong preference for news that has not even run in reporter's newspaper; newspaper editors take umbrage, claiming they have first rights to their reporters' tips (M)
Full Article
In Their Own Words
Date: 27 October 1997
Text of statement by New York City Mayor Rudolph Giuliani on being endorsed by editorial boards of New York Times, Newsday and The Daily News (S)
Full Article
PRI AUTOMATION TO PAY $172 MILLION FOR EQUIPE
Date: 28 October 1997
By Bloomberg News
Bloomberg News
PRI Automation Inc says it will acquire Equipe Technologies Inc for $172 million plus additional $10.3 billion to cover options held by Equipe employees (S)
Full Article
PEOPLES HERITAGE TO ACQUIRE CFX IN STOCK DEAL
Date: 28 October 1997
By Bloomberg News
Bloomberg News
Peoples Heritage Financial Group Inc to buy CFX Corp for $703 million in stock, creating New England's fourth-largest bank (S)
Full Article
JACOR BUYING 17 RADIO STATIONS FOR $620 MILLION
Date: 28 October 1997
By Bloomberg News
Bloomberg News
Jacor Communications Inc, nation's third-largest radio broadcaster, says it will buy 17 radio stations owned by Nationwide Mutual Insurance Co for $620 million, expanding into new markets including Dallas, Houston and Minneapolis (S)
Full Article
PANTRY BUYS LIL' CHAMP FOOD STORES FOR $133 MILLION
Date: 28 October 1997
By Bloomberg News
Bloomberg News
Pantry Inc says it bought Lil' Champ Food Stores Inc for $133 million in cash and assumption of $10 million of debt, making it the third-largest convenience-store chain not owned by a gasoline company (S)
Full Article
State Street Acquires Stake
Date: 28 October 1997
By Bloomberg News
Bloomberg News
State Street Corp says it acquired majority interest in Advanced Investments Technology; terms not disclosed (S)
Full Article
Official Outlook Pessimistic in Japan
Date: 28 October 1997
By Bloomberg News
Bloomberg News
Bank of Japan says country's economic recovery is on shaky ground, with spending continuing to falter as consumers earn smaller paychecks and pay more in taxes; pessimistic outlook means bank will probably not be raising interest rates from their record lows until late 1998 (S)
Full Article
Metro Business; Morgan Buying O'Connor
Date: 28 October 1997
By Bloomberg News
Bloomberg News
J P Morgan & Company says that it has agreed to buy O'Connor Realty Advisors Inc from O'Connor Group of New York (S)
Full Article
2 More Companies Linked to Japan Scandal
Date: 28 October 1997
By Bloomberg News
Bloomberg News
Gangster-payoff scandal involving best-known names in corporate Japan expands, as Hitachi industrial conglomerate and Asahi Bank say 10 employees paid money into account held by Honma International, company linked to racketeer, Teiji Nakamoto (S)
Full Article