Newspaper Economics; Cuts Raise Concern About the Quality Of Journalism
Date: 04 April 2001
By Felicity Barringer
Felicity Barringer
Advertising revenue declines and increasing cost of newsprint are squeezing newspaper profits and increasing debate over how answerable to shareholders newspapers should be; Jay T Harris, publisher of San Jose Mercury News, resigned in March rather than endorse newsroom layoffs that he believed were inevitable, given profit margins that his bosses at Knight Ridder had promised Wall Street; layoffs have not materialized but startling move personalized lingering civil war between those who believe industry's goal of high profit margins is killing good journalism and those who believe that strong financial performance will save good journalism; across industry, in large and small markets, newspapers are cutting space, comtemplating buyouts and reducing travel expenses whether or not they have public stockholders; photos (M)
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FPL CANCELS ITS ACQUISITION OF ENTERGY
Date: 03 April 2001
By Bloomberg News
Bloomberg News
FPL Group cancels $15.8 billion acquisition of Entergy Corp because of conflict over who would lead combined company, and FPL says Entergy gave conflicting earnings forecasts; Entergy's chief executive Wayne Leonard says FPL's chairman and chief executive, James Broadhead, planned to renege on agreement to make him chief executive of new company (S)
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UNITED TECHNOLOGIES BUYS AN AIR-CONDITIONING BUSINESS
Date: 04 April 2001
By Bloomberg News
Bloomberg News
United Technologies Corp says its Carrier air-conditioning unit has bought heating and air-conditioning business of Climatic Corp (S)
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POLYONE TO CLOSE SOME PLASTIC AND PIGMENT PLANTS
Date: 03 April 2001
By Bloomberg News
Bloomberg News
PolyOne Corp, chemical maker, will eliminate at least one-third of its 34 plants that make pigments and plastics within two years (S)
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ENTERGY QUARTERLY PROFIT GLIDES ABOVE EXPECTATIONS
Date: 04 April 2001
By Bloomberg News
Bloomberg News
Entergy Corp says first-quarter earnings beat expectations (S)
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SOLECTRON WILL CUT ANOTHER 1,075 JOBS AND CLOSE PLANT
Date: 04 April 2001
By Bloomberg News
Bloomberg News
Solectron Corp, contract electronics manufacturer, plans to cut 1,075 jobs, or 1.5 percent reduction, and close Georgia plant because of slowing demand (S)
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AS STOCK TRADING EBBS, AMERITRADE ANNOUNCES NEW FEES
Date: 04 April 2001
By Bloomberg News
Bloomberg News
Ameritrade Holding Corp says it will add new fees on customers' accounts to generate revenue as rout in stocks deters individual investors from trading online; will lay off 170 employees after laying off 330 in January (S)
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CLOROX DECIDES TO KEEP BLEACH AND HOME-CLEANING LINES
Date: 04 April 2001
By Bloomberg News
Bloomberg News
Clorox Co says it will retain its bleach and home-cleaning lines and decide within two months which of its other businesses to sell (S)
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HICKS, MUSE OFFERS $370 MILLION TO BUY OUT VLASIC FOODS
Date: 04 April 2001
By Bloomberg News
Bloomberg News
Vlasic Foods International Inc accepts $370 million cash bid from leveraged buyout firm Hick, Muse, Tate & Furst for most of its assets, subject to bankruptcy court auction process (S)
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Test Results Reported on New Antibiotic
Date: 04 April 2001
By Bloomberg News
Bloomberg News
CAMBRIDGE, Mass., April 3 (Bloomberg News) — Cubist Pharmaceuticals Inc. said today that its lead drug, an antibiotic intended to fight resistant bacteria, appears to work as well as older drugs in treating infections from skin wounds.
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