Starr Finds Nothing Wrong With Revealing Details of Talks
Date: 07 January 1999
By Neil A. Lewis
Neil Lewis
Independent counsel Kenneth W Starr tells Federal Judge Norma Holloway Johnson, who is investigating his office over possible illegal grand jury leaks, that it would have been appropriate for him to disclose to reporters information about negotiations with Monica S Lewinsky; does not directly address whether he or anyone in his office were sources for news accounts last year about his office's discussions with Lewinsky over whether she would testify against Pres Clinton; says that to have done so would not have been illegal because negotiations with Lewinsky did not involve grand jury (M)
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Footlights
Date: 07 January 1999
By Lawrence Van Gelder
Lawrence Gelder
Smithsonian Institution's 1997 exhibition, The Jazz Age in Paris, 1914-1940, will open in reduced versions at Martin Luther King Jr Memorial Library in Washington, Newport News Public Library in Virginia, and at Delta State University Archives in Cleveland, Miss; photo; Brazil renames Rio de Janeiro's international airport in honor of Antonio Carlos Jobim, musician who popularized bossa nova; Noche Flamenca, troupe of musicians, singers and dancers, will perform flamenco at Kaye Playhouse at Hunter College; photo; novelist Salman Rushdie will be made commander in Order of Arts and Letters, France's most prestigious literary award; Jack Nicholson, who has received five Golden Globe awards from Hollywood Foreign Press Assn, will be honored with organization's Cecil B DeMille award for 'outstanding contribution to the entertainment world' (M)
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CENDANT SETTLES LAWSUIT BY INVESTORS FOR $350 MILLION
Date: 08 January 1999
By Bloomberg News
Bloomberg News
The Cendant Corporation, a franchiser and direct marketer, agreed yesterday to settle a class-action lawsuit by investors for $350 million. Cendant, based in Parsippany, N.J., agreed to raise by $350 million the market value of securities it issued last year to help finance a bid to buy American Bankers Insurance Group Inc. Plaintiffs contended that the company's executives had misled investors by failing to disclose accounting fraud in April that resulted in a drop in Cendant's share price. The accounting troubles also caused the $3.1 billion purchase of American Bankers Insurance to fall through. Cendant stock rose 50 cents yesterday, to $19.9375.
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CHIEF EXECUTIVE SAYS TELLABS IS NOT IN TAKEOVER TALKS
Date: 07 January 1999
By Bloomberg News
Bloomberg News
Tellabs Inc chief executive Michael J Birck says he is not in discussions to sell company (S)
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FINOVA GROUP TO BUY SIRROM CAPITAL WITH STOCK
Date: 08 January 1999
By Bloomberg News
Bloomberg News
Finova Group will acquire Sirrom Capital Corp for about $379 million in stock (S)
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LEAR AGREES TO BUY SEAT BUSINESS OF HYUNDAI MOTOR
Date: 08 January 1999
By Bloomberg News
Bloomberg News
Lear Corp, world's largest maker of car seats and automotive interiors, agrees to buy seat business of Hyundai Motor Co of South Korea for about $87 million (US) (S)
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FCB FINANCIAL SHARES RISE ON ANCHOR BANCORP TAKEOVER
Date: 07 January 1999
By Bloomberg News
Bloomberg News
Anchor Bancorp Wisconsin Inc acquires FCB Financial Corp for $172 million in stock; shares of FCB Financial rise 38 percent (S)
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INTIMATE BRANDS REPORTS STRONG FOURTH-QUARTER SALES
Date: 07 January 1999
By Bloomberg News
Bloomberg News
Intimate Brands Inc says fourth-quarter earnings will top expectations; says sales in December rose 9 percent, to $905.4 million, from $831.5 million a year earlier (S)
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BAAN TO SELL UP TO $225 MILLION IN SHARES TO FLETCHER
Date: 07 January 1999
By Bloomberg News
Bloomberg News
Baan NV will sell as much as $225 million in new common shares to Fletcher International Ltd to finance future growth; Fletcher, New York-based private investment company, has already paid $75 million for at least five million shares to be purchased between Aug 1, 1999 and Dec 31, 2001 (S)
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ASSOCIATES FIRST CAPITAL TO DISMISS 5% OF AVCO WORKERS
Date: 08 January 1999
By Bloomberg News
Bloomberg News
Associates First Capital Corp will dismiss about 425, or about 5 percent, of employees of Avco Financial Services as it begins to combine two companies; Associates completes its $3.9 billion purchase of Avco from Textron Inc (S)
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