News Corp. Official Who Led Satellite Talks Quits
Date: 02 May 1997
By Geraldine Fabrikant
Geraldine Fabrikant
Preston Padden, executive who spearheaded News Corp's troubled efforts to start satellite service that could deliver both local and national television programming, resigns; departure of Padden comes four days after $1 billion deal between News Corp, which is controlled by Rupert Murdoch, and Echostar Communications Corp, unraveled; deal would have created service called Sky, which could offer 500 channels, including local broadcast stations; such a service had been considered major threat to cable television industry; photo (L)
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CHRONICLE
Date: 02 May 1997
By Nadine Brozan
Nadine Brozan
Charlayne Hunter-Gault, national correspondent for The News Hour With Jim Lehrer on PBS, is leaving program after 19 years to move to Johannesburg (Chronicle column) (S)
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CHRONICLE
Date: 01 May 1997
By Elaine Louie
Elaine Louie
CBS Evening News anchor Dan Rather will give keynote address in observance of World Press Freedom Day at United Nations General Assembly on May 2; Rather, who is founding member of Committee to Protect Journalists, says committee reported 185 journalists were imprisoned in 24 countries in 1996, and 27 were killed because of their work (Chronicle column) (S)
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South Korean Company Cuts Costs and Workers
Date: 01 May 1997
By Bloomberg News
Bloomberg News
Ssangyong Group is merging three units and selling one, aiming to cut costs; concern will cut work force at its South Korean headquarters by 20 percent and reduce number of Ssangyong's companies to 21 from 25 (S)
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INFORMATION TECHNOLOGY COMPANY ACQUIRES A RIVAL
Date: 02 May 1997
By Bloomberg News
Bloomberg News
BDM International Inc acquires Largotim Holdings Ltd, information technology company, for $39 million (S)
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PLATINUM TECHNOLOGY SAYS IT WILL ELIMINATE 400 JOBS
Date: 02 May 1997
By Bloomberg News
Bloomberg News
Platinum Technology Inc will cut 400 jobs and take charge of $40 million to $45 million in second quarter to pay for the reduction (S)
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MERFIN ACCEPTS REVISED TAKEOVER BID OF $140 MILLION
Date: 01 May 1997
By Bloomberg News
Bloomberg News
Merfin International Inc accepts sweetened takeover offer of $140 million (US), including assumed debt, from Buckeye Cellulose Corp (S)
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AVTEL SAYS IT WILL BUY MATRIX FOR $114.6 MILLION IN STOCK
Date: 02 May 1997
By Bloomberg News
Bloomberg News
Avtel Communications Inc agrees to buy Matrix Telecommunications Inc for about $114.6 million in stock (S)
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INGRAM MICRO BUYING UNIT OF INTELLIGENT ELECTRONICS
Date: 01 May 1997
By Bloomberg News
Bloomberg News
Ingram Micro Inc is buying Intelligent Electronics Inc's computer distribution business for $78 million in cash and assumed debt (S)
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WARNER-LAMBERT BUYS IRISH PLANT FROM HICKSON
Date: 02 May 1997
By Bloomberg News
Bloomberg News
Warner-Lambert Co buys Irish plant of Hickson International PLC for $46 million; plant makes active ingredient in Accupril, Warner-Lambert's treatment for high blood pressure (S)
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