CNN Dismisses Executive at Financial News Unit
Date: 17 August 1999
By Lawrie Mifflin
Lawrie Mifflin
Top executives at Cable News Network dismiss David Bohrman as executive vice president of financial news network CNNfn and have him escorted out the door of CNNfn's headquarters in Manhattan, after power struggle over who will control CNNfn; Bohrman's replacement is Teya Ryan, executive producer of weekly prime-time magazine producer CNN & Fortune (M)
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NATO Peacekeepers Plan a System of Controls for the News Media in Kosovo
Date: 16 August 1999
By Steven Erlanger
Steven Erlanger
US and NATO allies charged with peacekeeping in Kosovo, Serbia, weigh system to control news media in province that would establish code of conduct for journalists, monitor their compliance and set up enforcement mechanism to punish those who violate rules; Western official says rules are not intended to intimidate or censor local news media but to support and tutor them in ways of Western free press until they can operate on their own; draft plan of operation for Kosovo's Department of Media Affairs discussed (M)
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Pursuers of Diana's Auto in '97 May Escape Manslaughter Trial
Date: 17 August 1999
By Craig R. Whitney
Craig Whitney
French prosecutors may not press charges against nine photographers and courier, who have been under investigation for possibly contributing to automobile crash in Paris in 1997 that killed Princess Diana, companion Emad Mohammed al-Fayed and limousine driver Henri Paul (S)
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BURLINGTON RESOURCES TO BUY POCO PETROLEUMS
Date: 17 August 1999
By Bloomberg News
Bloomberg News
Burlington Resources Inc will acquire Poco Petroleums Ltd for about $1.75 billion in stock; will assume about $750 million of Poco's debt (S)
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HOCHTIEF AGREES TO ACQUIRE TURNER, U.S. BUILDER
Date: 17 August 1999
By Bloomberg News
Bloomberg News
Hochtief AG to buy Turner Corp, US builder, for $263 million; Hochtief is 66 percent owned by German utility giant RWE AG (S)
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EASTERN, GAS UTILITY, MAY OFFER ITSELF FOR SALE
Date: 17 August 1999
By Bloomberg News
Bloomberg News
Eastern Enterprises says it might put all or part of itself up for sale to stay competitive in region's deregulating energy markets; hires Salomon Smith Barney to assist in process (S)
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Primedia to Sell Publishing Group
Date: 17 August 1999
By Bloomberg News
Bloomberg News
Primedia Inc, publisher controlled by buyout firm Kohlberg Kravis Roberts & Co, which owns 83 percent of shares, agrees to sell its supplemental educational publishing group to Ripplewood Holdings PLC for $415 million to reduce its debt (S)
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LINDE TO BUY AGA
Date: 17 August 1999
By Bloomberg News
Bloomberg News
Linde AG plans to buy Aga AB for 3.5 billion euros ($3.7 billion); graph (S)
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Shares Close Higher in Sluggish Trading
Date: 17 August 1999
By Bloomberg News
Bloomberg News
Dow Jones industrial average rises 73.14 points, or seven-tenths of 1 percent, to 11,046.79; Standard & Poor's 500-stock index climbs 3.09, or two-tenths of 1 percent, to 1,330.77; Nasdaq composite index gains 7.47, or three-tenths of 1 percent, to 2,645.28; graph; chart (M)
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CHINA AIRLINE ORDER
Date: 17 August 1999
By Bloomberg News
Bloomberg News
Taiwan's largest airline, China Airlines, signs contracts to buy $800 million worth of engines from General Electric Co and CFM International to power planes it ordered from Boeing Co and Airbus Industrie (S)
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