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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Pressed by Media, China Accuses Mine Officials of Cover-Up
Date: 01 September 2001
By Erik Eckholm
Erik Eckholm
Eleven mine officials and four Nandan County, China, political leaders are arrested in probe of July flooding at tin mine in which 81 workers drowned and of attempted cover-up; mine officials are charged with mismanagement, illegal extraction, chaotic digging and illegal blasting; disaster attracted wide attention because of role of unusually dogged Chinese newspaper reporters in drawing lurid picture of local kingpin Li Dongming, reporting he got rich running mines with backing of armed gang and government officials he bribed; more arrests are expected (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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SOUTHTRUST TO BUY BANK OF TIDEWATER IN VIRGINIA
Date: 01 September 2001
By Bloomberg News
Bloomberg News
SouthTrust Corp will buy Bank of Tidewater for $67.8 million in stock (S)
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PRIMESOURCE IN DEAL TO BE BOUGHT BY FUJI PHOTO FILM
Date: 01 September 2001
By Bloomberg News
Bloomberg News
PrimeSource Corp is in talks to buy Fuji Photo Film Co for $63.6 million (S)
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CORINTHIAN COLLEGES STOCK FALLS ON LOWER FORECAST
Date: 01 September 2001
By Bloomberg News
Bloomberg News
Corinthan Colleges Inc shares fall $13.50, to $39.35, after company forecasts fiscal first-quarter earnings will be at low end of analyst estimates (S)
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INVESTOR WANTS CHANGES AT AMERICAN MEDICAL SECURITY
Date: 01 September 2001
By Bloomberg News
Bloomberg News
Caxton Associates, leading investor in American Medical Security Group, calls for company to be sold or undergo change in management; Bruce Kovner, whoc controlls Caxton, says American Medical shares are undervalued (S)
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POLYONE, RUBBER COMPOUNDS MAKER, TO CLOSE PLANTS
Date: 01 September 2001
By Bloomberg News
Bloomberg News
PolyOne Corp, maker of rubber compounds, is closing three plants in US and Canada and eliminating at least 77 jobs (S)
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WESTVACO TO TAKE $26 MILLION PRETAX CHARGE
Date: 01 September 2001
By Bloomberg News
Bloomberg News
Westvaco Corp, which has agreed to merge with Mead Corp, will take $26 million pretax charge in its fiscal fourth quarter to close paper mill in Tyrone, Pa, which employs 265 workers (S)
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MAYTAG TO SELL COMMERCIAL COOKING UNIT TO MIDDLEBY
Date: 01 September 2001
By Bloomberg News
Bloomberg News
Maytag Corp sells its commercial-cooking business, G S Blodgett, to Middleby Corp for $95 million in cash and notes, less than Maytag paid for it four years ago (S)
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