CNN Dismisses Executive at Financial News Unit
Date: 17 August 1999
By Lawrie Mifflin
Lawrie Mifflin
Top executives at Cable News Network dismiss David Bohrman as executive vice president of financial news network CNNfn and have him escorted out the door of CNNfn's headquarters in Manhattan, after power struggle over who will control CNNfn; Bohrman's replacement is Teya Ryan, executive producer of weekly prime-time magazine producer CNN & Fortune (M)
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Pursuers of Diana's Auto in '97 May Escape Manslaughter Trial
Date: 17 August 1999
By Craig R. Whitney
Craig Whitney
French prosecutors may not press charges against nine photographers and courier, who have been under investigation for possibly contributing to automobile crash in Paris in 1997 that killed Princess Diana, companion Emad Mohammed al-Fayed and limousine driver Henri Paul (S)
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BURLINGTON RESOURCES TO BUY POCO PETROLEUMS
Date: 17 August 1999
By Bloomberg News
Bloomberg News
Burlington Resources Inc will acquire Poco Petroleums Ltd for about $1.75 billion in stock; will assume about $750 million of Poco's debt (S)
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CALLAWAY GOLF NAMES A SUCCESSOR TO COMPANY FOUNDER
Date: 18 August 1999
By Bloomberg News
Bloomberg News
Callaway Golf Co appoints Chuck Yash president, succeeding Ely Callaway, company's founder; Yash will also succeed Callaway as chief executive by Dec 31, 2000, or when Callaway quits active management of company; Yash, president and chief executive of Callaway Golf Ball Co, will continue to head subsidiary (S)
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HOCHTIEF AGREES TO ACQUIRE TURNER, U.S. BUILDER
Date: 17 August 1999
By Bloomberg News
Bloomberg News
Hochtief AG to buy Turner Corp, US builder, for $263 million; Hochtief is 66 percent owned by German utility giant RWE AG (S)
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PLANET HOLLYWOOD PLANS CHAPTER 11 FILING
Date: 18 August 1999
By Bloomberg News
Bloomberg News
Planet Hollywood International Inc plans to file for Chapter 11 bankruptcy protection; company says it is trying to get creditors to approve plan that would bring new capital of $30 million from group that includes two of its largest shareholders, Prince Walid bin Talal of Saudi Arabia and Ong Beng Seng, a Singapore hotelier; group would own 70 percent of reorganized company (S)
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MAJORITY OWNER OF SIMMONS TO ADD A BEDDING RETAILER
Date: 18 August 1999
By Bloomberg News
Bloomberg News
Fenway Partners Inc, investment firm with majority stake in Simmons Co, bedding maker, acquires retailer Mattress Giant Corp for undisclosed price (S)
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TYCO INTERNATIONAL SHEDS SOME NONVALVE BUSINESSES
Date: 18 August 1999
By Bloomberg News
Bloomberg News
Tyco International Ltd sells some nonvalve portions of its flow-control business for undisclosed price to company formed by DLJ Merchant Banking Partners II LP, merchant banking fund of Donaldson, Lufkin & Jenrette Inc; businesses sold include Mueller Co and Grinnell Supply Sales and Manufacturing units (S)
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EASTERN, GAS UTILITY, MAY OFFER ITSELF FOR SALE
Date: 17 August 1999
By Bloomberg News
Bloomberg News
Eastern Enterprises says it might put all or part of itself up for sale to stay competitive in region's deregulating energy markets; hires Salomon Smith Barney to assist in process (S)
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BANK OF NEW YORK TO BUY ESTABROOK, A MONEY MANAGER
Date: 18 August 1999
By Bloomberg News
Bloomberg News
Bank of New York agrees to buy Estabrook Capital Management; terms undisclosed (S)
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