ABC Tightens Its Rules On Declaring Winners
Date: 23 November 2000
By Peter Marks
Peter Marks
Officials of ABC News say they will no longer call election contest in any state until all its polls have closed and will try to 'insulate' their analysts from competitive pressures to project winner prematurely; ABC wants to prevent repeats of erroneous projections that made election night 2000 such an embarrassment for it and other networks; ABC News was last of major networks to call winner in presidential race in Florida, and now is first to announce some preliminary results of probe into what went wrong; ABC's rival networks are in various stages of their own examinations (M)
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BOARD PRESSES SWISSAIR TO IMPROVE EARNINGS
Date: 23 November 2000
By Bloomberg News
Bloomberg News
Board of SAirGroup rules out sale of its Swissair unit and tells airline's chief executive Philippe Bruggisser to develop plan to improve earnings (S)
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WCM MAKES AN OFFER FOR REST OF KLOCKNER-WERKE
Date: 23 November 2000
By Bloomberg News
Bloomberg News
WCM Beteiligungs-und Grundbesitz AG offers to acquire part of Klockner-Werke AG, foil and packaging maker, that it does not own; offer values Klockner at about 1.15 million euros ($970 million (S)
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QUINTUS FIRES CHAIRMAN AND PLANS TO RESTATE REVENUE
Date: 23 November 2000
By Bloomberg News
Bloomberg News
Quintus Corp dismisses its chairman and chief executive Alan Anderson and restates its revenue downward by $13.5 million over last three quarters after audit shows company relied on falsified documents (S)
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ANGLO AMERICAN WANTS TO RENEGOTIATE MINE PURCHASE
Date: 23 November 2000
By Bloomberg News
Bloomberg News
Anglo American PLC is trying to recover as much as $210 million from its $900 million purchase of Australian coal assets of Royal Dutch/Shell Group because of problems with mine in Queensland state; Anglo has complained that Shell did not fully disclose mine's design problems during sale earlier in years; Shell says problems were widely known and it did not hide pertinent information (S)
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WATSON EXPECTS DELAY IN APPROVAL OF ANTIANXIETY DRUG
Date: 23 November 2000
By Bloomberg News
Bloomberg News
Watson Pharmaceuticals Inc says patent awarded to Bristol-Myers Squibb Co may delay regulatory approval of Watson's generic version of buspirone, antianxiety medication marketed by Bristol-Myers as Buspar; says Food and Drug Administration is required to wait 45 days after patent's approval before giving Watson go-ahead to market its drug; if Bristol-Myers files infringement complaint, wait could be 30 months (S)
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AMRO PAYING $2.7 BILLION FOR MICHIGAN NATIONAL
Date: 23 November 2000
By Bloomberg News
Bloomberg News
ABN Amro Holding, largest bank in Netherlands, acquires Michigan National Corp from National Australia Bank Ltd for $2.75 billion (S)
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JUDGE CLEARS CARGILL IN GRAIN OPTIONS CASE
Date: 23 November 2000
By Bloomberg News
Bloomberg News
Bruce C Levine, administrative law judge, dismisses government charges that Cargill Inc illegally sold options for future delivery of grain; in August 1999, Commodity Futures Trading Commission accused Cargill of offering premium offer contracts that were neither traded on regulated commodity exchange nor sold by options merchant registered with commission, making them illegal; Levine finds contracts were more akin to forward contracts, which are permitted and outside agency's jurisdiction (S)
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TOP EXECUTIVES QUIT NETGRAPHE AFTER STOCK FALLS
Date: 23 November 2000
By Bloomberg News
Bloomberg News
Netgraphe Inc chairman Pierre Simon and chief executive Normand Drolet resign after stock falls about 86 percent from February high; chief executive will not be replaced; Monique Leroux is named chief operating officer (S)
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OUT OF WIRELESS AUCTION
Date: 23 November 2000
By Bloomberg News
Bloomberg News
Deutsche Telekom will not bid for one of France's four next-generation wireless voice and data licenses (S)
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