Venture in Japan In Satellite TV
Date: 18 December 1996
By Bloomberg News
Bloomberg News
News Corp of Australia and Softbank Inc of Japan will spend 20 billion yen ($176 million) to start satellite television service in Japan, last big market not part of Rupert Murdoch's global network; venture, Japan Sky Broadcasting Co, will have 150 channels (S)
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ZURN INDUSTRIES TO BUY ELJER FOR $171.7 MILLION
Date: 17 December 1996
By Bloomberg News
Bloomberg News
Zurn Industries. Erie, Pa, says it will buy Eljer Industries, Dallas, for $24 a share, or $171.7 million (S)
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METROPOLITAN LIFE BUYS LOAN PORTFOLIO
Date: 18 December 1996
By Bloomberg News
Bloomberg News
Metropolitan Life Insurance Company acquires agricultural loan portfolio of closely held MBL Life Assurance Corp for more than $350 million (S)
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BEN & JERRY'S TO REPORT FOURTH-QUARTER LOSS
Date: 18 December 1996
By Bloomberg News
Bloomberg News
Ben & Jerry's Homemade Inc says it will report loss for fourth quarter, after spending more on marketing; says it expects to lose 13 cents to 17 cents a share for period (S)
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CHASE MANHATTAN GIVES STOCK OPTIONS TO ALL EMPLOYEES
Date: 18 December 1996
By Bloomberg News
Bloomberg News
Chase Manhattan Corp awards stock options to all 67,000 employees, promising potential windfall of hundreds of millions of dollars to workers if bank's shares surge in coming years (S)
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OWENS-ILLINOIS IN DEAL FOR ITALIAN GLASS MAKER
Date: 17 December 1996
By Bloomberg News
Bloomberg News
Owens-Illinois Inc to buy Italy's largest maker of glass containers, Avir SpA, for about $580 million in cash, to expand its overseas business (S)
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CAMDEN PROPERTY TRUST TO ACQUIRE PARAGON GROUP
Date: 17 December 1996
By Bloomberg News
Bloomberg News
Camden Property Trust, real estate investment trust, to buy Paragon Group, which owns apartments in the South and the Midwest, for $338 million in stock (S)
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KELSO TO SELL AMERICAN STANDARD STAKE
Date: 18 December 1996
By Bloomberg News
Bloomberg News
American Standard Companies says that its largest stockholder, Kelso & Co, will sell its remaining 27 percent stake, or 20.8 million shares, valued at about $780 million (S)
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S.E.C. to Ease Trading Rules
Date: 18 December 1996
By Bloomberg News
Bloomberg News
SEC is expected to adopt new rule on Wednesday to relax trading restrictions on stocks and bonds in days before companies sell new issues of securities to public (S)
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Goldman, Sachs Profit Up, Boding Well for Wall Street
Date: 18 December 1996
By Bloomberg News
Bloomberg News
Goldman, Sachs, nation's biggest investment banking partnership, says its pretax earnings rose 69 per cent in fiscal fourth quarter, as profit from investment banking, trading and sales led firm to its second-best year; Goldman Sachs Group LP reports that earnings before taxes increased to $743 milllion in three months ending in November, from $440 million in similar period year earlier; pretax profits for full year totaled $2.6 billion (S)
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