Metro Business; Newspaper Price War
Date: 26 September 1997
By Iver Peterson
Iver Peterson
Daily News in New York announces it is cutting price of its Sunday paper from $1.50 to $1; New York Post, its competitor, responds by saying it will cut its Sunday price from 50 cents to 25 cents (S)
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IMMUNEX SHARES SOAR ON NEWS OF DEAL TO SELL NEW DRUG
Date: 27 September 1997
By Bloomberg News
Bloomberg News
Shares of Immunex Corp rise 10.7 percent after American Home Products Corp agrees to pay Immunex as much as $100 million for right to sell its rheumatoid arthritis drug, Enbrel (S)
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CONTAINER SHIP FLEET CONSOLIDATION IS SET
Date: 26 September 1997
By Bloomberg News
Bloomberg News
General Electric Co and Sea Containers Ltd will combine their container ship operations to cut costs and increase profits; joint venture, to be called GE Seaco Services Ltd, will operate one of world's biggest fleets of marine-freight containers; GE Capital will receive 70 percent of any profit from existing operations and Sea Containers will get 30 percent (S)
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UNILEVER TO COMBINE THREE UNITED STATES UNITS
Date: 26 September 1997
By Bloomberg News
Bloomberg News
Unilever, British-Dutch consumer products maker, will merge US operations of Chesebrough-Pond's, Helene Curtis and Lever Brothers into single company worth about $3.7 billion; merged unit will operate under name Unilever Home and Personal Care USA (S)
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WARNACO TO BUY COMPANY THAT MAKES CALVIN KLEIN JEANS
Date: 27 September 1997
By Bloomberg News
Bloomberg News
Warnaco Group reaches agreement to buy Designer Holdings Ltd, maker of Calvin Klein jeans, for $353.7 million in stock (S)
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ITT SAYS VNU SOUGHT TO BUY DIRECTORIES UNIT
Date: 27 September 1997
By Bloomberg News
Bloomberg News
ITT Corp says that VNU NV, a Dutch publisher, offered in April to buy its telephone directory business for as much as $2.2 billion in cash but that two companies failed to agree on terms (S)
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NORTHROP GRUMMAN SETS SALE OF CARGO VEHICLE UNIT
Date: 26 September 1997
By Bloomberg News
Bloomberg News
Northrop Grumman Corp agrees to sell its Grumman Allied Industries unit to unit's management as company sheds some businesses before being acquired by Lockheed Martin Corp; terms undisclosed (S)
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SASSABY DEAL OPENS MASS MARKET TO ESTEE LAUDER
Date: 26 September 1997
By Bloomberg News
Bloomberg News
Estee Lauder Companies agrees to acquire closely held Sassaby Inc; terms undisclosed (S)
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Stocks Lower in Tokyo
Date: 26 September 1997
By Bloomberg News
Bloomberg News
Japan's Nikkei stock average is down 101.8 points, or six-tenths of 1 percent, at 18,240.16 at midday Sept 25 (S)
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Yawney Joins Hawks
Date: 26 September 1997
By Bloomberg News
Bloomberg News
Chicago Blackhawks sign free-agent defenseman Trent Yawney (S)
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