Democracy Arrives in Corporate News Releases
Date: 09 October 2000
By Alex Berenson
Alex Berenson
PR Newswire and Businesswire, premier corporate news distributors, are now making information simultaneously available to public and news media, which have had a 15-minute lead over the public until now; gap gave professional traders who spend more than $1,000 each month for access to Bloomberg and other financial wire services a valuable edge over individual investors, because wires carried headlines on the releases before the full releases actually appeared; shift further erodes the informational advantage professional investors once enjoyed over individuals (M)
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Just Which Murdoch Will Become the Next Rupert?
Date: 08 October 2000
By Geraldine Fabrikant and Mark Landler
Geraldine Fabrikant
Rupert Murdoch promotion of his son Lachlan to deputy chief operating officer at News Corp stirs talk of succession again; in recent months, Murdoch's younger son, James, has had an increasingly visible role at News Corp, raising specter of competition between two brothers over who will ultimately prove better qualified to run company; there are no overt signs of friction between brothers, but James is working hard for an executive whose path to the top is thought to be blocked by his Lachlan; charts; photos (M)
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Keeping the Faith in Boom Times
Date: 08 October 2000
By Peter Duffy
Peter Duffy
Article on Street News, sold by homeless in New York City since 1996, and its founder John Levi Washington Jr; Washington says boom times make it difficult to persuade public to focus on plight of homeless; photos (M)
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Paper Reinstates Writer Who Likened Politician to Hitler
Date: 08 October 2000
By Jim O'Grady
Jim O'Grady
Queens Ledger publisher Walter Sanchez reinstates columnist Frank Borzellieri, who likened Board of Education member Terry Thompson to Hitler, but says he will keep close check on his columns (M)
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The Autumn Of the Oligarchs
Date: 08 October 2000
By John Lloyd
John Lloyd
John Lloyd article on Russian Pres Vladimir Putin's attempt to rid country of its corrupt capitalist oligarchy and whether, in the process, he will destroy press freedoms; photos (M)
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G.M. Said to Declare Intent To Buy Korean Carmaker
Date: 09 October 2000
By Bloomberg News
Bloomberg News
General Motors submits letter of intent to purchase South Korean automaker Daewoo Motors; debt-laden Daewoo's creditors are eager for its sale, in parts or as a whole (M)
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Bol.com Reorganizes as C.E.O. Leaves
Date: 09 October 2000
By Bloomberg News
Bloomberg News
Bertelsmann Ag, Europe's largest media company, announces reorganization of its Bol.com online bookseller unit to increase competitiveness and prepare for future expansion (S)
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NEWS SUMMARY
Date: 09 October 2000
INTERNATIONAL A3-9 Clinton Seeks Meeting To Cap Mideast Violence President Clinton asked the Egyptian president, Hosni Mubarak, to convene an urgent summit meeting where Mr. Clinton could meet the leaders of Israel, the Palestinians and Jordan, a senior administration official said. Mr. Mubarak did not immediately agree to a mid-week regional summit meeting in Egypt, but said he would discuss it with Yasir Arafat when the Palestinian leader arrived today in Cairo. A1
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NEWS SUMMARY
Date: 08 October 2000
INTERNATIONAL 3-17 New Yugoslav Leader Inaugurates A New Era Vojislav Kostunica, whose shoeleather campaign and reputation for honesty made him the beneficiary of a nation fed up with Slobodan Milosevic, stood before Yugoslavs as their new leader. Mr. Kostunica won presidential elections Sept. 24 but has been put in office by a popular revolution. 1 President Clinton and European leaders seem likely to remove most sanctions on trade and investment with Yugoslavia in coming days. 17
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