News Corp. Official Who Led Satellite Talks Quits
Date: 02 May 1997
By Geraldine Fabrikant
Geraldine Fabrikant
Preston Padden, executive who spearheaded News Corp's troubled efforts to start satellite service that could deliver both local and national television programming, resigns; departure of Padden comes four days after $1 billion deal between News Corp, which is controlled by Rupert Murdoch, and Echostar Communications Corp, unraveled; deal would have created service called Sky, which could offer 500 channels, including local broadcast stations; such a service had been considered major threat to cable television industry; photo (L)
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CHRONICLE
Date: 02 May 1997
By Nadine Brozan
Nadine Brozan
Charlayne Hunter-Gault, national correspondent for The News Hour With Jim Lehrer on PBS, is leaving program after 19 years to move to Johannesburg (Chronicle column) (S)
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The Most Valuable? It May Be Malone
Date: 03 May 1997
By Bloomberg News
Bloomberg News
Deseret News of Salt Lake City reports that Utah Jazz forward Karl Malone will be named NBA's most valuable player (S)
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BOMBARDIER OF MONTREAL SELLS 4 PLANES TO BRAZIL
Date: 03 May 1997
By Bloomberg News
Bloomberg News
Bombardier Inc of Montreal says it sold four de Havilland Dash 8Q aircraft to Brazil's Transportes Aereos Regulares SA for $48 million in United States currency (S)
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POLYGRAM OF THE NETHERLANDS IN U.S. EXPANSION
Date: 03 May 1997
By Bloomberg News
Bloomberg News
Polygram NV of Netherlands says tht it had set up new United States distribution company, Polygram Films, in Hollywood to market 10 to 12 major movies each year (S)
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SHARES OF PETSMART POST A DECREASE OF 24%
Date: 03 May 1997
By Bloomberg News
Bloomberg News
Petsmart Inc shares fall 24 percent on concerns about lower sales and higher-than-expected acquisition costs; pet owners are buying more medications for fleas and ticks from veterinarians, while cold spring reduced use and hurt Petsmart's sales of nonprescription powders, soaps and other products (S)
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OIL DISCOVERY OFF COAST OF ALASKA CONFIRMED
Date: 03 May 1997
By Bloomberg News
Bloomberg News
British Petroleum Co says it confirmed new oil discovery off north coast of Alaska, where company is state's largest producer; BP says United States discovery, called Liberty, has estimated 120 million barrels of recoverable reserves and is near company's Endicott oilfield (S)
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INFORMATION TECHNOLOGY COMPANY ACQUIRES A RIVAL
Date: 02 May 1997
By Bloomberg News
Bloomberg News
BDM International Inc acquires Largotim Holdings Ltd, information technology company, for $39 million (S)
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PLATINUM TECHNOLOGY SAYS IT WILL ELIMINATE 400 JOBS
Date: 02 May 1997
By Bloomberg News
Bloomberg News
Platinum Technology Inc will cut 400 jobs and take charge of $40 million to $45 million in second quarter to pay for the reduction (S)
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AVTEL SAYS IT WILL BUY MATRIX FOR $114.6 MILLION IN STOCK
Date: 02 May 1997
By Bloomberg News
Bloomberg News
Avtel Communications Inc agrees to buy Matrix Telecommunications Inc for about $114.6 million in stock (S)
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