World Business Briefing | Australia: Australia: Media Bid Likely
Date: 31 August 2001
By Brian Lavery (NYT)
Brian NYT
Ireland's Independent News and Media is expected to revive its attempt to buy Fairfax, Australia's main newspaper group, once changes in Australia's regulations on foreign ownership of media companies are completed; any new attempt would go through Independent's 41 percent stake in APN News and Media or its Wilson & Horton subsidiary (S)
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F.B.I. Head Said to Have Allowed Subpoena of Reporter Calls
Date: 30 August 2001
By Felicity Barringer
Felicity Barringer
Associated Press reports that Justice Department official who approved an unusual subpoena of reporter John Solomon's telephone records last May was newly confirmed director of Federal Bureau of Investigation Robert S Mueller III; Solomon wrote about Federal probe of US Sen Robert G Torricelli (M)
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CITIGROUP DROPS 3,622 INDEPENDENT BROKERS
Date: 31 August 2001
By Bloomberg News
Bloomberg News
Citigroup severs ties with 3,622 independent brokers who arranged loans for Associates First Capital, consumer finance company acquired by Citigroup that has been accused of predatory lending practices (S)
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REGENT COMMUNICATIONS MAKES A DEAL WITH COMCORP
Date: 30 August 2001
By Bloomberg News
Bloomberg News
Regent Communications Inc agrees to buy seven radio stations in Louisiana from ComCorp of Lafayette Inc for $39.6 million in cash (S)
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PRINCIPAL FINANCIAL TO BECOME PUBLIC COMPANY
Date: 30 August 2001
By Bloomberg News
Bloomberg News
Principal Financial Group, mutual life insurer, files updated terms for its initial public offering, which is expected to raise as much as $2.1 billion (S)
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AES, POWER PRODUCER, MAKES OFFER IN VENEZUELA
Date: 30 August 2001
By Bloomberg News
Bloomberg News
AES Corp offers to buy controlling stake in Compania Anonima Nacional Telefonos de Venezuela for about $1.4 billion in cash (S)
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AFFILIATED MANAGERS TO GET 51% OF FRIESS ASSOCIATES
Date: 30 August 2001
By Bloomberg News
Bloomberg News
Affiliated Managers Group, asset management holding company, agrees to acquire 51 percent of Friess Associates, adviser to Brandywine Funds, for $247 million in cash (S)
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IMMUNE RESPONSE TO DROP STUDY OF H.I.V. TREATMENT
Date: 31 August 2001
By Bloomberg News
Bloomberg News
Immune Response Corp is dropping study of Remune HIV treatment after Agouron Pharmaceuticals unit of Pfizer Inc pulled out of development partnership last month; drug was not meeting study's main goal of reducing levels of HIV in bloodstream (S)
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DIAL TO TAKE $9.8 MILLION CHARGE TO CONSOLIDATE PLANTS
Date: 31 August 2001
By Bloomberg News
Bloomberg News
Dial Corp will take $9.8 million third-quarter pretax charge to consolidate two liquid-soap plants in US and merge some operations in Argentina (S)
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G.E. AND QWEST FORM JOINT VENTURE FOR HOSPITAL IMAGING
Date: 31 August 2001
By Bloomberg News
Bloomberg News
General Electric and Qwest Communications International form joint venture that will let hospitals store and retrieve digital images using high-speed fiber optic network; three-year agreement is expected to generate $250 million in revenue (S)
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