Time Warner Is Said to Agree to Carry Murdoch's Fox News
Date: 23 July 1997
By Thomas J. Lueck
Thomas Lueck
Time Warner cable system agrees to carry Rupert Murdoch's 24-hour Fox news channel after nearly year of bitter legal and political battles; agreement will end battle between Murdoch and Ted Turner, whose Cable News Network was acquired by Time Warner year ago, and who is vice chairman of Time Warner; informed sources say deal is cornerstone of much larger pact that will give Murdoch access to some 65 percent of systems Time Warner operates across country; say under agreement, Giuliani administration, which had earlier tried to intervene on Murdoch's behalf, will turn over one of five cable channels it controls for educational programming to Time Warner, which would then provide it to Fox news channel (M)
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Crusading TV Station Is the City's Daytime Drama
Date: 22 July 1997
By Calvin Sims
Calvin Sims
Scores of journalists and thousands of supporters hold vigil at studios of Latina TV in Lima, Peru, to thwart possible raid by soldiers as part of Government crackdown on news organizations that broadcast reports critical of Pres Alberto K Fujimori; Government threatened to strip Israeli-born owner, Baruch Ivcher, of citizenship after investigative reports that exposed torture and corruption in military and illegal wiretapping by national intelligence agency; station was once guarded by Fujimori's soldiers after leftist guerrillas bombed it five years ago; photo (M)
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MAIDENFORM AND NCC INDUSTRIES FILE FOR BANKRUPTCY
Date: 23 July 1997
By Bloomberg News
Bloomberg News
Maidenform Worldwide Inc and NCC Industries are filing for Chapter 11 bankruptcy protection as companies restructure their operations (S)
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DREW INDUSTRIES PLANS TO BUY LIPPERT FOR $55 MILLION
Date: 23 July 1997
By Bloomberg News
Bloomberg News
Drew Industries plans to buy closely held Lippert Components Inc for $55 million in cash and stock (S)
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OMNIQUIP TO BUY FIGGIE INTERNATIONAL'S SNORKEL UNIT
Date: 22 July 1997
By Bloomberg News
Bloomberg News
Omniquip International Inc will acquire Figgie International Inc's Snorkel unit for $150 million and assumed debt (S)
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COMPUTERVISION SELLS ITS HARDWARE UNIT TO CVSI
Date: 22 July 1997
By Bloomberg News
Bloomberg News
Computervision Corp sells its product hardware unit to CVSI Inc for $42.6 million in cash and debt and will take a $45 milllion charge to shift its focus to selling only software; part of charge will pay for unspecified job cuts (S)
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PLY-GEM TO END HICKS, MUSE PACT AND GO WITH NEW BIDDER
Date: 22 July 1997
By Bloomberg News
Bloomberg News
Ply-Gem Industries plans to end agreement to be purchased by Hicks, Muse, Tate & Furst Inc and will instead accept higher offer of $271 million from unidentified bidder (S)
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Indonesian Currency Surges on Support Vow
Date: 23 July 1997
By Bloomberg News
Bloomberg News
Indonesian rupiah surges as much as 2.4 percent against US dollar as Finance Minister Marie Muhammad pledges to maintain trading system for the currency (S)
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Norsk Hydro Says Pretax Profit Fell 5%
Date: 22 July 1997
By Bloomberg News
Bloomberg News
Norsk Hydro AS says second-quarter pretax profit fell 5 percent, to 2.664 billion kroner ($342.5 million), from 2.814 billion kroner in year-earlier quarter; sales rose 16 percent, to 25.042 billion kroner, and operating profit rose 7.5 percent, to 2.830 kroner (S)
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Volvo Profits Rise 48%, Aided by Asset Sales
Date: 23 July 1997
By Bloomberg News
Bloomberg News
Volvo AB says second-quarter profit rose 48 percent; profit rose to 1.96 billion kronor ($252 million), from 1.325 billion a year earlier (S)
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