TV News Helicopter Takes Viewers Along for the Chase
Date: 17 April 1998
By David W. Chen
David Chen
WCBS uses helicopter to televise live on its 5 PM news program high-speed police chase on Grand Central Parkway; police, pursuing man on stolen motorcycle, abandon chase at Triborough Bridge (M)
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Student Journalists Without a Newspaper; School Halts Publication, Raising Question of First Amendment Rights
Date: 17 April 1998
By Jacques Steinberg
Jacques Steinberg
Stuyvesant High School Principal Jinx Cozzi Perullo halts publication of school newspaper indefinitely after months of infighting that pitted student editors against one another and against their faculty adviser, Daniel Coleman; disputes were inflamed by recent articles criticizing conduct of individual teachers and policies of city teachers' union; Cozzi Perullo's action has drawn academically selective school into murky debate over Constitutional rights of student journalists; photo (M)
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EARNINGS AIDED BY LATIN AMERICA AND EUROPE
Date: 18 April 1998
By Bloomberg News
Bloomberg News
McDonald's Corp reports first-quarter net income rose to $362.2 million, up 5 percent from $344.5 million in 1997 period (S)
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WESTERN BANCORP IS ACQUIRING BANK OF LOS ANGELES
Date: 18 April 1998
By Bloomberg News
Bloomberg News
Western Bancorp to buy Bank of Los Angeles for $71.8 million in stock (S)
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SHAW COMMUNICATIONS BUYS WIC WESTERN INTERNATIONAL
Date: 18 April 1998
By Bloomberg News
Bloomberg News
Shaw Communications Inc to buy WIC Western International Communications Ltd for $975 million (Canadian) (US$682.5 million), topping hostile offer by CanWest Global Communications Ltd (S)
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CREDITORS OF BARNEY'S FREE TO FILE RIVAL PLAN
Date: 17 April 1998
By Bloomberg News
Bloomberg News
Creditors of Barney's Inc will be allowed to file rival reorganization plan for retailer under agreement worked out in Federal Bankruptcy Court; Barney's has until June 15 to file its own plan to exit Chapter 11 bankruptcy protection; creditors for first time are free to file rival plan in effort to recoup their $350 million in claims; impetus for agreement comes from Barney's biggest unsecured creditors, Bay Harbour Management and Whippoorwill Associates Inc, which together are owed $150 million (S)
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WOOLWORTH TO SHUT 82 KINNEY STORES IN CANADA
Date: 17 April 1998
By Bloomberg News
Bloomberg News
Woolworth Corp plans to close 82 money-losing Kinney Shoe stores in Canada and dismiss 600 employees as it focuses on its profitable Foot Locker, Champs and other sporting-goods chains (S)
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BRITISH AIRWAYS ALTERS ORDERS FOR BOEING JETS
Date: 17 April 1998
By Bloomberg News
Bloomberg News
British Airways PLC will replace some of its orders for Boeing 747 jetliners with order for 11 smaller aircraft worth $1.1 billion (S)
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VISUAL NETWORKS IN $75 MILLION STOCK DEAL FOR NET2NET
Date: 17 April 1998
By Bloomberg News
Bloomberg News
Visual Networks Inc will exchange 2.25 million of its shares for Net2Net Corp; shares of Visual rise $2.25, to $33.50, giving deal value of about $75 million (S)
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SPRINT SAYS FIRST-QUARTER EARNINGS FELL 27%
Date: 17 April 1998
By Bloomberg News
Bloomberg News
Sprint Corp says first-quarter profit fell 27 percent; net income fell to $211.8 million from $289.7 million a year earlier; revenue rose 9.3 percent, to $3.91 billion from $3.58 billion (S)
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