ITALY BLOCKS TAKEOVER OF TELEVISION NETWORK
Date: 18 January 2001
By Bloomberg News
Bloomberg News
Italian authorities block takeover of Telemontecarlo television network by Seat Pagine Gialle, country's largest Internet company; say deal would violate laws blocking telecommunications companies from directly or indirectly controlling commercial broadcasters (S)
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KEYCORP PRESIDENT IS TO BECOME CHAIRMAN AND CHIEF
Date: 19 January 2001
By Bloomberg News
Bloomberg News
KeyCorp's chairman-chief executive Robert W Gillespie will retire Feb 1, three months before his contract expires; will be succeeded by Henry L Meyer 3d, who is president and chief operating officer; Thomas C Stevens is named vice chairman and chief administrative officer (S)
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AMR DEAL INCLUDES NONACQUISITION AGREEMENT
Date: 19 January 2001
By Bloomberg News
Bloomberg News
AMR Corp, parent of American Airlines, effectively agrees not to acquire another major domestic carrier as part of deal to secure share of lucrative Boston-New York-Washington air shuttle route now operated by US Airways (S)
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VIGNETTE ANNOUNCES LAYOFFS AND ISSUES PROFIT WARNING
Date: 19 January 2001
By Bloomberg News
Bloomberg News
Vignette Corp, maker of software for Internet commerce, will lay off 15 percent of its workers because of economic slowdown is hurting demand; says it expects to lose money in first quarter and revives downward its forecast for full-year profits in 2001 (S)
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ALBERTA ENERGY SAYS IT IS BUYING BALLARD PETROLEUM
Date: 19 January 2001
By Bloomberg News
Bloomberg News
Alberta Energy, leading Canadian natural gas producer, acquires Ballard Petroleum for about 340 million Canadian dollars ($224.2 million); Alberta Energy says it hopes to step up production to 60 million cubic feet per day by 2003 (S)
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CHIEF OF TRADER.COM WILL DECLINE PAY FOR 2 YEARS
Date: 18 January 2001
By Bloomberg News
Bloomberg News
Trader.com, classified advertising publisher, says president and chief executive, John MacBain, will forgo all compensation, including stock options, in 2001 and 2002 as part of company's plan to reduce costs and preserve cash (S)
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NORTHWEST TO BUY NEW PLANES FROM AIRBUS AND BOEING
Date: 18 January 2001
By Bloomberg News
Bloomberg News
Northwest Airlines Corp decides to divide $5 billion order for new aircraft between Airbus Industrie and Boeing Co; to replace 44 aging DC-10's, Northwest will buy 24 wide-bodied A330-300 jets and 6 smaller A319's from Airbus, while Boeing will supply 20 single-aisle 757-300s and 2 of its 747-400 jumbo jet (S)
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UNION ASKS BOEING TO HALT TALKS WITH JAPANESE COMPANY
Date: 19 January 2001
By Bloomberg News
Bloomberg News
Union leaders urge Boeing Co to stop talks with Mitsubishi Heavy Industries over possibility of hiring Mitsubishi to build wings for jumbo jets in Japan (S)
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SUNBEAM IN TALKS WITH LENDERS ABOUT $1.7 BILLION DEBT
Date: 19 January 2001
By Bloomberg News
Bloomberg News
Sunbeam Corp says it is in talks with its lenders but refuses to comment on speculation by analysts that company will soon file for Chapter 11 bankruptcy protection (S)
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G.M. SAYS IT WILL CLOSE THREE MORE FACTORIES FOR A WEEK
Date: 19 January 2001
By Bloomberg News
Bloomberg News
General Motors will idle three of its 29 North American factories and furlough 2,450 workers next week to reduce production because of slack demand (S)
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