Wild Rumor, Real News and Credibility
Date: 02 April 1998
By Felicity Barringer
Felicity Barringer
Janny Scott article on television news coverage of Judge Susan Webber Wright's decision to dismiss Paula Corbin Jones's sexual harassment suit against Pres Clinton (M)
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TV Notes; Telling the Children
Date: 01 April 1998
By Lawrie Mifflin
Lawrie Mifflin
Nick News, weekly magazine program for children on Nickleodeon cable channel, will carry report on fatal shootings of four classmates and teacher by two students at Middle School in Jonesboro, Ark (S)
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Giuliani Concedes He Could Have Been More Gracious
Date: 02 April 1998
By Dan Barry
Dan Barry
Mayor Rudolph Giuliani tells Stanley Crouch of Daily News that he could have been more gracious when his own task force on police-community relations presented him with final report that he found wanting; says he agrees with 60 to 75 percent of the report's recommendations (M)
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Japan Deregulation Starts Amid Bad News
Date: 02 April 1998
By Bloomberg News
Bloomberg News
Japan enters new era of financial-market deregulation as its fiscal year begins, but opening is overshadowed by chronic economic symptoms; Nissan Motor Co says it will suffer annual loss on its stockholdings in other companies; forecasters say quarterly business-sentiment survey of Japanese central bank will confirm that most companies believe nation's economic problems are worsening; Dai-Ichi Corp files bankruptcy with 37 billion yen in liabilities, or about $277 million, because of falling property values; Nikkei index of 225 issues falls 285.51 points, or 1.73 percent, to 16.241.66 on April 1; stocks tumble 394.51 points more, or 2.43 percent, to 15,847.15 in early trading on April 2; Marubeni Corp, trader of metals, machinery and food, says it will report first annual loss since 1952; Japan's financial-system changes, to be completed by 2001, are aimed at dismantling barriers between banks and other financial companies and reducing regulations that restrict how Japanese can invest their pools of savings; photo (L)
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RUBBERMAID TO SELL BRANDS TO DECORA FOR $62.5 MILLION
Date: 01 April 1998
By Bloomberg News
Bloomberg News
Rubbermaid Inc agrees to sell its ConTact adhesive paper and other shelf-liner brands to Decora Industries for $62.5 million (S)
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CALPINE IN $110 MILLION DEAL FOR TEXAS POWER COMPANY
Date: 02 April 1998
By Bloomberg News
Bloomberg News
Calpine Corp, power company based in San Jose, Calif, buys remaining half-interest in Texas Cogeneration Co for $110 million from unit of Dominion Resources Inc; says it paid $52.75 million at closing on March 31 and also agreed to make royalty payments to Dominion valued at $56.75 million beginning in 2000 (S)
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INTEGRATED HEALTH SELLS 5 NURSING HOMES TO OMEGA
Date: 02 April 1998
By Bloomberg News
Bloomberg News
Integrated Health Services Inc sells five nursing homes to real estate investment trust Omega Healthcare Investors Inc for $50 million to pay down debt; nursing homes are being leased for 13 years to closely held joint venture Lyric Healthcare LLC, which hired Integrated Health to operate them (S)
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UNITED AIRLINES EXPECTS REVENUE LOSSES LINKED TO ASIA
Date: 02 April 1998
By Bloomberg News
Bloomberg News
United Airlines says its revenue for first quarter and all of 1998 might fall below expectations as result of reduced business in Asia (S)
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TRESCOM REJECTS HIGHER BID FROM IDT FOR PRIMUS'S OFFER
Date: 01 April 1998
By Bloomberg News
Bloomberg News
IDT Corp has bid $10.50 a share in cash for Trescom International Inc, but Trescom says it will proceed with lower offer from Primus Telecommunications Group; Trescom is not specific about why it turned down IDT's $125 million offer; it agreed on Feb 4 to Primus's offer of $118.9 million (S)
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Southland to Buy Stores
Date: 02 April 1998
By Bloomberg News
Bloomberg News
Southland Corp agrees to buy 132 Christy's Market Inc stores, enhancing its presence in New England; terms undisclosed (S)
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