Journal; Is Mike Wallace Ready for His Close-Up?
Date: 17 July 1999
By Frank Rich
Frank Rich
Frank Rich Op-Ed column on upcoming film The Insider, starring Al Pacino as Lowell Bergman, Mike Wallace's longtime 60 Minutes producer who takes on Big Tobacco only to find his scoop squelched by CBS bosses; explains actual incident, film version, and objections of real-life Mike Wallace (M)
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Newspaper Columnist Suspended for Buying Stock Through Friend
Date: 17 July 1999
By Felicity Barringer
Felicity Barringer
San Jose Mercury News suspends business news columnist Chris Nolan for accepting friend's offer to buy shares of fledgling Autoweb.com at initial offering price, price not available to general public; Nolan, whose column focuses on gossip of Silicon Valley's high-tech businesses, holds she told editors about offer in advance; says she sold stock at profit within days after offering; paper's ethics policy bars business writers from investing in local businesses (M)
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Reuters Shares Rise After Inquiry Ends
Date: 17 July 1999
Shares of Reuters Group PLC rise day after federal prosecutors decline to charge company with improperly obtaining information from competitor, Bloomberg LP (S)
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INTEGRATED BUYS SOFTWARE DEVELOPMENT SYSTEMS
Date: 17 July 1999
By Bloomberg News
Bloomberg News
Integrated Systems Inc., a developer of security software, said late on Thursday that it had bought the closely held Software Development Systems for $40 million in stock and cash. Integrated Systems said it would merge Software Development Systems, a Chicago-based maker of software-debugging products, with its Diab Data subsidiary. The combined company will operate independently as Diab-Software Development Systems and have more than $20 million in annual revenue.
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AIR PRODUCTS EXPECTS A DISAPPOINTING QUARTER
Date: 17 July 1999
By Bloomberg News
Bloomberg News
Air Products and Chemicals Inc, citing weak demand for chemicals and equipment, warns that third-quarter earnings will not meet analysts' estimates (S)
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TURNER'S SHARES RISE FOLLOWING ACQUISITION OFFER
Date: 17 July 1999
By Bloomberg News
Bloomberg News
Shares Turner Corp rise after it announces it is considering offer by unidentified investment group to buy company (S)
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Cooper Industries Job Cuts
Date: 17 July 1999
By Bloomberg News
Bloomberg News
Cooper Industries of Houston, Tex, announces plan to layoff undisclosed number of workers as it consolidates power tools and hand tools divisions and moves unit to Lexington, SC (S)
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NEW ZEALAND PACT FOR E.D.S.
Date: 17 July 1999
By Bloomberg News
Bloomberg News
Electronic Data Systems Corp of US wins 10-year contract worth $1.5 billion (New Zealand) to manage Telecom Corp of New Zealand's information systems (S)
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CHINA GROWTH LESS THAN EXPECTED
Date: 17 July 1999
By Bloomberg News
Bloomberg News
Chinese National Statistics Bureau reports slower-than-expected 7.6 percent growth in gross domestic product in first six months of year, to 3.62 trillion yuan ($436 billion) (S)
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Dot-Com Products at Instinet
Date: 18 July 1999
By Bloomberg News
Bloomberg News
Instinet Corp, part of Reuters Group, plans to offer stock trading, mutual funds and retirement accounts through new brokerage Instinet.com Corp (S)
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