Suspect Is Arrested in Fake News Case
Date: 01 September 2000
By Alex Berenson
Alex Berenson
FBI arrests Mark S Jakob on charges that he issued fake e-mail press release warning that Emulex Corp's chief executive had resigned and that it earnings had been overstated; Securities and Exchange Commission files civil complaint against Jakob, seeking to freeze his assets and recoup what it calls $240,000 in illegal profits; photo (M)
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CNN Is Seeking A New Strategy; U.S. Operations Chief Quits As Management Is Revamped
Date: 31 August 2000
By Jim Rutenberg
Jim Rutenberg
Departure of Richard N Kaplan as president of CNN's US operations and revamping of its entire executive structure reflect network's failure to maintain ratings in face of increasing competition in cable news and the absence of the kinds of stories that have made CNN the network to turn to in times of crisis; CNN is expected to shift from the sophisticated, expensive and highly produced programming that Kaplan had hoped would lift ratings and toward a rougher, newsier feel and stories with a broader audience appeal; photos; graphs of ratings of CNN, CNBC, MSNBC and Fox News (M)
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The Post to Halve Its Newsstand Price
Date: 01 September 2000
By Jayson Blair
Jayson Blair
New York Post to reduce its daily newsstand price to 25 cents from 50 cents starting Sept 4; move is taken two weeks after its main competitor, The Daily News, said it would begin distributing free afternoon edition; this is not first time Post and Daily News have experimented with lower newsstand prices (M)
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Running Mates Sharply Defined: One Low-Key, One High-Profile
Date: 31 August 2000
By David Barstow
David Barstow
Sen Joseph I Lieberman and Dick Cheney are running starkly different campaigns for vice president as they strike out on their own; Cheney largely keeps low profile, staging small events, sticking to familiar speech script and avoiding reporters from national news groups; Lieberman is more active, drawing larger crowds and courting media coverage; photo (M)
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DUKE IS ACQUIRING GAS STORAGE COMPANY
Date: 31 August 2000
By Bloomberg News
Bloomberg News
Duke Energy Corp will buy natural gas-storage unit of NiSource for $250 million and assume $150 million in debt for NiSource's Market Hub Partners (S)
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ELECTRONICS FOR IMAGING IS BUYING SPLASH TECHNOLOGY
Date: 01 September 2000
By Bloomberg News
Bloomberg News
Electronics for Imaging Inc agrees to buy Splash Technology Holdings for $146 million (S)
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PHILIP MORRIS IS INCREASING DIVIDEND BY 10%
Date: 31 August 2000
By Bloomberg News
Bloomberg News
Philip Morris Companies raises quarterly dividend by 10 percent (S)
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EARTHGRAINS STRIKE IN SOUTHERN STATES EXPANDS
Date: 31 August 2000
By Bloomberg News
Bloomberg News
Strike at Earthgrains Co plant in Fort Payne, Ala, spreads to five other bakeries where worker contracts have expired; workers are represented by Bakery, Confectionery, Tobacco Workers and Grain Millers union (S)
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GLIATECH BEGINS INQUIRY INTO ALTERED RESULTS FOR STUDY
Date: 31 August 2000
By Bloomberg News
Bloomberg News
Gliatech Inc is investigating altered results from a study of its surgical anti-scarring gel after the changes are noted by government inspectors; stock falls another $1.31 a share, to $8.88 (S)
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COKE IS BUYING REMAINING STAKE IN LITHUANIAN FACTORY
Date: 01 September 2000
By Bloomberg News
Bloomberg News
Cola-Cola Co's Lithuanian subsidiary says it bought government's remining 22.96 percent stake in Lithuanian factory that makes its soft drinks, turning it into wholly owned subsidiary (S)
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