All-News TV Loses Viewers After Trial
Date: 26 February 1999
By Lawrie Mifflin
Lawrie Mifflin
Ebbing of Clinton-Lewinsky mania following President's acquittal on impeachment charges has hurt 24-hour cable news networks, whose ratings have been pumped up by scandal; Nielsen ratings have dropped by 25 percent to 30 percent for CNN, MSNBC and Fox News Channel; latest coups in scandal have been scored by major broadcast networks, with NBC News's interview with Juanita Broaddrick, who claims Clinton raped her 21 years ago, and Barbara Walters's upcoming interview on ABC News with Monica S Lewinsky (M)
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Judge Condemns Policy of Parading Suspects Past Cameras
Date: 26 February 1999
By Benjamin Weiser
Benjamin Weiser
Federal Judge Allen G Schwartz rules that hallowed police rite known as the 'perp walk' violates constitutional rights of a burglary suspect who was paraded by New York City Police Dept before television station's camera; for now, at least, ruling halts a tradition dating from even before Teddy Roosevelt was New York City's Police Commissioner; a 'perpetrator' who has just been arrested is 'walked' in front of reporters and photographers, showcasing police department's crime-fighting skills and satisfying media's demand for glimpse of the suspect; Schwartz declares that tradition is a violation of privacy rights; ruling comes in case of John Lauro Jr, Manhattan doorman; Schwartz rules that Lauro can proceed with lawsuit against city seeking compensatory and punitive damages for embarrassment and damage to his reputation that he suffered during 'perp walk' after his arrest on larceny charges, which were later dismissed (M)
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Gov. Bush to Set Up Panel to Explore Presidential Bid
Date: 26 February 1999
By Richard L. Berke
Richard Berke
Gov George W Bush of Texas has reportedly decided to seek Republican Presidential nomination in 2000, and will take first step of establishing exploratory committee in next two weeks; Bush makes clear that his announcement is imminent; Bush's decision-making process has drawn enormous attention and speculation because he is widely viewed by Republicans as candidate to beat, even before he formally enters competition; his rivals, as well as news organizations, will be less hesitant to scrutinize his record and qualifications once he makes formal entry into race (M)
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CHARTER COMMUNICATIONS TO ADD RENAISSANCE MEDIA
Date: 25 February 1999
By Bloomberg News
Bloomberg News
Charter Communications Corp, cable-TV company owned by billionaire Paul G Allen, agrees to buy Renaissance Media Group LLC for undisclosed price as it adds to its cable systems in Southern United States; Charter will buy systems serving 130,000 customers in Louisiana, Mississippi and Tennessee (S)
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WILLIAMS TO EXPAND SOUTHERN PIPELINE WITH PURCHASE
Date: 25 February 1999
By Bloomberg News
Bloomberg News
Williams Companies, nation's largest transporter of natural gas, says it will buy Union Texas Petrochemicals Corp from Atlantic Richfield Co to expand its Southern pipeline network for moving butane and propane; terms not disclosed; Union Texas owns 300 miles of pipelines (S)
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UNITED ASSET MANAGEMENT SEEKS BUYER FOR UNIT
Date: 25 February 1999
By Bloomberg News
Bloomberg News
United Asset Management Corp says investment banks Goldman, Sachs & Co and Allen & Co will seek buyer for UAM's Pilgrim Baxter & Associates Ltd fund management unit; Pilgrim Baxter's assets under management declined to $12 billion from $18 billion over last year (S)
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ELECTRONIC DATA SYSTEMS NAMES FINANCIAL OFFICER
Date: 25 February 1999
By Bloomberg News
Bloomberg News
Electronic Data Systems Corp names James E Daley as its chief financial officer; he will fill position left vacant since Jody Grant resigned almost year ago (S)
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SMITHFIELD IN $500 MILLION DEAL FOR CARROLL'S FOODS
Date: 26 February 1999
By Bloomberg News
Bloomberg News
Smithfield Foods Inc acquires Carroll's Foods Inc for about $500 million in cash and stock (S)
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NORTH CAROLINA BANK MAKING 3D ACQUISITION IN A MONTH
Date: 26 February 1999
By Bloomberg News
Bloomberg News
BB&T Corp acquires West Virginia's Matewan Bancshares Inc for $159 million in stock, its third acquisition in a month (S)
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OLD KENT FINANCIAL PLANS TO BUY CFSB BANCORP
Date: 25 February 1999
By Bloomberg News
Bloomberg News
Old Kent Financial Corp says it will buy CFSB Bancorp Inc for $235 million in stock (S)
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