African Editor Jailed for Wedding News
Date: 18 October 1999
By Henri E. Cauvin
Henri Cauvin
Bekhi Makhubu, editor of The Times of Swaziland, is fired and jailed for writing article on selection by King Mswati 3d of 18-year-old high school dropout to be eighth wife; has been charged with criminal defamation and faces up to six years in prison; photo; map (M)
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Critic's Notebook; Now a Word From Our Spon . . . uh, um . . . Our Friend
Date: 19 October 1999
By Walter Goodman
Walter Goodman
Walter Goodman comments on new faces on PBS Newshour, Ray Suarez and Gwen Ifill, describing them as 'fresh high-quality talent'; laments vacuous and dismaying commercials that 'high-class' PBS audience must endure; photos (M)
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Media Talk; Will Journal's Managing Editor Go to CNN?
Date: 18 October 1999
By Felicity Barringer
Felicity Barringer
Wall Street Journal managing editor Paul E Steiger reportedly weighs CNN offer to head network's financial news outlets, including troubled CNNfn financial network (M)
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CMS ENERGY SHARES RISE 9% ON NEWS OF ASSET SALE
Date: 19 October 1999
By Bloomberg News
Bloomberg News
Shares of CMS Energy Corp rise 9 percent on news it is considering selling about $1 billion in assets and that it is in talks with some business customers to resolve electricity rate dispute pending before Michigan Public Service Commission (S)
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VULCAN TO INVEST $20 MILLION IN FATBRAIN.COM
Date: 19 October 1999
By Bloomberg News
Bloomberg News
Vulcan Ventures Inc, investment vehicle of billionaire Paul Allen, co-founder of Microsoft Corp, will spend $20 million to increase its stake in Fatbrain.com Inc to about 12 percent from 4.9 percent (S)
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EXECUTONE TO SELL PHONE BUSINESS FOR $44.3 MILLION
Date: 19 October 1999
By Bloomberg News
Bloomberg News
Executone Information Systems Inc agrees to sell its Internet telephone unit to Inter-Tel Inc for about $44.3 million in cash; Claircom Inc, unit of Staples Communications, waives its right to buy division (S)
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DANA TO CLOSE 14 PLANTS AND 29 WAREHOUSES
Date: 19 October 1999
By Bloomberg News
Bloomberg News
Dana Corp will close 14 plants and 29 distribution centers to cut costs in its replacement-parts business, and its chairman Southwood Morcott will retire in April; Dana says third-quarter profit rose to $172 million from $136 million a year earlier (S)
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Avon Steps Up Buyback
Date: 19 October 1999
By Bloomberg News
Bloomberg News
Avon Products Inc is speeding up its $1.1 billion stock-buyback program to finish in fourth quarter because its shares are cheap; Avon will repurchase $500 million of common stock in quarter (S)
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THOMSON STOCK OFFERING
Date: 19 October 1999
By Bloomberg News
Bloomberg News
French Government will sell part of its stake in Thomson Multimedia, world's fourth-largest consumer electronics maker, in initial share sale that values company at as much as $2.7 billion euros, or $2.9 billion; French Government is shedding 23.6 percent stake in company by selling part of its stake, held through Thomson SA, and by offering new shares to public, existing shareholders and public (S)
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JAPANESE INSURANCE MERGER
Date: 19 October 1999
By Bloomberg News
Bloomberg News
Japan's third-largest casualty insurer, Mitsui Marine and Fire Insurance Co, will form holding company with Nippon Fire and Marine Insurance Co and Koa Fire and Marine Insurance Co, creating Japan's biggest casualty insurer; graph (S)
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