Helped by Fox, News Corp.'s Earnings Soar
Date: 14 May 2003
By David D. Kirkpatrick
David
News Corp returned to profit in its fiscal third quarter, propelled by popularity of reality television hits as well as strong sales of DVD's from its Fox Entertainment Group subsidiary; earnings rose 26 percent, to $298 million from $236 million; operating income increased 25 percent, to $685 million; revenue rose 14 percent, to $4.4 billion from $3.8 billion; operating income from Fox television division rose 81 percent, to $207 million; News Corp chairman Rupert Murdoch comments (M)
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In Shift, Appeals Court Opens Hearing on a 9/11 Suspect
Date: 14 May 2003
By Philip Shenon
Philip Shenon
Federal appeals court agrees to hold public hearing on secret legal struggle threatening to derail civilian prosecution of Zacarias Moussaoui on terrorism charges; photo; court responds to news organizations and reverses earlier decision to agree to Justice Department request for secret hearing on whether Moussaoui can question Al Qaeda captive Ramzi bin al-Shibh (M)
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Bush's Support Strong Despite Tax Cut Doubts
Date: 14 May 2003
By Adam Nagourney and Janet Elder
Adam Nagourney
The New York Times/CBS News Poll finds Americans have persistent reservations about Pres Bush's proposed tax cuts, but 67 percent still approve of his job performance and 70 percent say he has strong leadership qualities, trait that White House has always believed would trump concerns about his policies; 47 percent express confidence in Bush's management of economy, down seven points in month since he began pushing tax plan, and many Americans believe nation should use money to cut deficit or finance health care system; 57 percent say Republicans have vision for leading country, 40 percent credit Democrats; graph; findings suggest daunting task for Democratic presidential challengers, with some encouragement in other opinions; respondents believe Democrats would better handle changing health care, creating jobs and improving education (M)
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College President's Résumé Fails Student Exam
Date: 14 May 2003
By David M. Halbfinger
David
Donald O Young resigns as president of Toccoa Falls College, tiny evangelical institution in northeast Georgia, after college newspaper reports that he did not obtain master's degree from Fuller School of World Missions, as stated on his resume; Young insists that claim of master's was mistake of former secretary who typed up resume and that his lack of degree is well known among faculty; faculty members and administrators are unhappy with publication of story, and some students have questioned integrity, manliness and even faith of newspaper's editor Joel Elliott; photo (M)
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J.P. MORGAN FORMS PARTNERSHIP WITH INTRAWEST
Date: 14 May 2003
By Bloomberg News
Bloomberg News
J P Morgan Chase & Co and Intrawest Corp forms partnership Leisura Developments US to finance and develop residences at resorts in US (S)
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STARBUCKS IN JOINT VENTURE TO EXPAND INTO CHILE
Date: 15 May 2003
By Bloomberg News
Bloomberg News
Starbucks Corp agrees to joint venture with Grain Red to open coffee shops in Chile; financial terms undisclosed (S)
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SCHERING-PLOUGH RESCINDS EARNINGS ESTIMATE
Date: 14 May 2003
By Bloomberg News
Bloomberg News
Schering-Plough Corp retracts its estimate for annual profit and says its first-quarter earnings dropped 71 percent; says net income fell to $173 million from $600 million year earlier; sales decreased 19 percent, to $2.07 billion from $2.56 billion (S)
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AMERICA WEST IS ENDING MEALS FOR PASSENGERS IN COACH
Date: 14 May 2003
By Bloomberg News
Bloomberg News
America West Airlines will end free meals in coach sections of its planes after this week (S)
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MEADWESTVACO TO TAKE CHARGES AND CLOSE 3 PLANTS
Date: 15 May 2003
By Bloomberg News
Bloomberg News
MeadWestvaco Corp, maker of coated paper, will take $13 million charge this quarter for management changes; will also record expense of $2 million to close plants in Virginia, Tennessee and Delaware (S)
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TOM BROWN TO BUY MATADOR PETROLEUM FOR $373 MILLION
Date: 15 May 2003
By Bloomberg News
Bloomberg News
Tom Brown Inc, natural gas producer, acquires Matador Petroleum Corp for $373 million (S)
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