Weak Results Are Reported By News Corp.
Date: 21 August 1997
By Bloomberg News
Bloomberg News
News Corp says full-year results indicated that company lost $238 million in its fourth-quarter, compared with profit of $190 million in quarter a year earlier; profit from operations fell to $142 million from $250 million a year earlier; company says it will buy back as much as $1 billion of its preferred limited-voting ordinary shares (M)
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HALTER AND BOLLINGER TO PURSUE CONTRACTS TOGETHER
Date: 21 August 1997
By Bloomberg News
Bloomberg News
Halter Marine Group Inc and privately owned Bollinger Shipyards Inc say they will form joint venture to pursue contracts potentially worth $10 billion to upgrade Coast Guard ships and aircraft; Avondale Industries Inc, Litton Industries Inc and Newport News Shipbuilding Inc are also looking to pursue Coast Guard contracts (S)
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High-Level Name-Calling Across the Racial Fence
Date: 20 August 1997
By Larry Rohter
Larry Rohter
Dispute between Prime Min Baseo Panday of Trinidad and communications magnate Kenneth Gordon has riveted and further divided ethnically and religiously diverse nation, raising issues of press freedom and race and class relations; Gordon sued Panday for calling him 'pseudo-racist'; Panday has long felt that predominantly black-owned press uses race as weapon to insult Indians; map; graphs; photo (M)
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ACCUMED SHARES RISE 41% ON NEWS OF F.D.A. APPROVAL
Date: 20 August 1997
By Bloomberg News
Bloomberg News
Accumed International Inc shares rise 41 percent after company wins Food and Drug Administration approval for its slide-mapping system for Pap smear tests (S)
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TESORO TO BUY UNOCAL'S ALASKA OIL PRODUCTION
Date: 21 August 1997
By Bloomberg News
Bloomberg News
Tesoro Petroleum Corp will buy all of Unocal Corp's crude oil production from Alaska's Cook Inlet field, allowing Tesoro to increase profitability of its refining unit by $2.5 million to $4 million a year; terms undisclosed (S)
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GOODYEAR UNIT AGREES TO BUY INDOMAX ASSETS
Date: 21 August 1997
By Bloomberg News
Bloomberg News
Goodyear Tire and Rubber Co's Engineered Products unit agrees to buy assets of Indomax CA, automotive hose maker in Venezuela, and three affiliates, as it continues its expansion in South America; terms undisclosed (S)
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G.E. TAKES A 20% EQUITY STAKE IN ADVANCED NMR SYSTEMS
Date: 20 August 1997
By Bloomberg News
Bloomberg News
General Electric Co pays $5.1 million to Advanced NMR Systems Inc for two magnetic-resonance imaging businesses and 20 percent stake in the company (S)
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IMPERIAL OIL TO SELL 3 CANADIAN FIELDS
Date: 21 August 1997
By Bloomberg News
Bloomberg News
Imperial Oil Ltd says it will sell three of largest and prolific oilfields in Canada to Pengrowth Gas Corp for $595 million ($426.9 million American) (S)
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NATIONWIDE HEALTH TO BUY 5 RETIREMENT PROPERTIES
Date: 21 August 1997
By Bloomberg News
Bloomberg News
Nationwide Health Properties Inc agrees to buy five retirement-home properties for closely held unidentified Wisconsin company for about $20 million in cash, $30 million in equity and $40 million in assumed debt (S)
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INVESTMENT FIRM SAID TO BE IN TALKS WITH LONDON GLOBAL
Date: 20 August 1997
By Bloomberg News
Bloomberg News
Donaldson, Lufkin & Jenrette Inc is in talks to acquire London Global Securities, international securities lending firm, for about 100 million pounds ($160 million) (S)
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