CNN Orders Its News Staff To Avoid Ads
Date: 16 June 1997
By Stuart Elliott
Stuart Elliott
Cable News Network revamps way it reviews outside activities of news employees in response to appearance of correspondent Jonathan Karl in print advertisement for Visa USA; Visa, at Karl's request, agrees to discontinue ad as soon as possible; CNN chairman Tom Johnson holds Karl's manager erred in allowing ad (S)
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Novice Newscasters Get Voice Therapy
Date: 16 June 1997
By Andrew Jacobs
Andrew Jacobs
Business is booming for voice consultants who work with novice television newscasters as veteran print reporters are increasingly being tapped to fill air time; table; photo (M)
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CORE INDUSTRIES SAYS IT IS TALKING TO A POSSIBLE BUYER
Date: 17 June 1997
By Bloomberg News
Bloomberg News
Core Industries says it is in discussions with possible buyer (S)
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KRAFT TO SELL CHEESE DISTRIBUTOR TO SCHRATTER FOODS
Date: 17 June 1997
By Bloomberg News
Bloomberg News
Kraft Foods agrees to sell its Anco Foods cheese distribution business to Schratter Foods, unit of Bongrain Group; terms not disclosed (S)
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BT INDUSTRIES TO BUY RAYMOND FOR $353 MILLION
Date: 17 June 1997
By Bloomberg News
Bloomberg News
BT Industries AB will acquire Raymond Corp for $353 million, price approved by Raymond's board (S)
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Seagate Plans Irish Plant
Date: 16 June 1997
By Bloomberg News
Bloomberg News
Seagate Technology Inc to invest over 148 million Irish pounds ($223 million) to set up factory, Ringskiddy, Ireland, to make data storage magnetic disks (S)
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Award Is Upheld In Gabelli's Appeal
Date: 17 June 1997
By Bloomberg News
Bloomberg News
Gabelli & Co loses effort, State Supreme Court, Manhattan, to overturn $850,000 arbitration award won by former employee, Elizabeth R Bramwell, who was accused by company of owing it money and taking confidential lists when she left to form her own company (S)
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Another Rally In Hong Kong
Date: 17 June 1997
By Bloomberg News
Bloomberg News
Hong Kong stocks rise for second day in across-the-board rally as new index of China shares gives investors fresh reason to buy market's hottest companies; new index rose 7 percent, to 2,865.17 (S)
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In Order to Focus on U.S., Kmart Sells Canadian Unit
Date: 17 June 1997
By Bloomberg News
Bloomberg News
Kmart Corp says it sold its 123-store Kmart Canada unit for $134 million (US) to group of Canadian and American investors as part of strategy to focus on its core business in United States; buyers are York Management Services Inc, Cherokee Ventures Canada Inc and Capital d'Amerique CDPQ Inc, unit of Caisse de Depot et Placement du Quebec; Kmart will keep 12.5 percent equity interest in Kmart Canada (M)
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Airbus to Make Bigger Versions Of Large Jet
Date: 16 June 1997
By Bloomberg News
Bloomberg News
Airbus Industrie to build two larger versions of its biggest jet, A340; says A340-600 will carry 378 passengers in three seating classes; says A340-500 will be its longest-range plane, able to fly 8,300 nautical miles; Airbus managing director Jean Pierson charges Boeing Co's proposed purchase of McDonnell Douglas Corp is effort to force Airbus out of business, news conference (M)
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