School Newspaper in Illinois Revives a Debate Over Censorship
Date: 28 September 1997
For second time ever, censorship of high school newspaper in Chicago suburb of Naperville has led to calls for legislation protecting rights of student journalists; in latest incident, principal of Naperville North High School refused to let article run about math teacher who was fired after being charged with sexually assaulting female student; principal said he sought to protect feelings of victim and her brother, even though article did not identify them; three years ago, Naperville Central school newspaper was forbidden from identifying school administrators who traveled at taxpayers' expense during budget crisis; at that time, Gov Jim Edgar vetoed bill that would have prevented administrators from censoring student publications unless articles were libelous or obscene, invaded privacy or incited criminal activity (M)
Full Article
IMMUNEX SHARES SOAR ON NEWS OF DEAL TO SELL NEW DRUG
Date: 27 September 1997
By Bloomberg News
Bloomberg News
Shares of Immunex Corp rise 10.7 percent after American Home Products Corp agrees to pay Immunex as much as $100 million for right to sell its rheumatoid arthritis drug, Enbrel (S)
Full Article
WARNACO TO BUY COMPANY THAT MAKES CALVIN KLEIN JEANS
Date: 27 September 1997
By Bloomberg News
Bloomberg News
Warnaco Group reaches agreement to buy Designer Holdings Ltd, maker of Calvin Klein jeans, for $353.7 million in stock (S)
Full Article
ITT SAYS VNU SOUGHT TO BUY DIRECTORIES UNIT
Date: 27 September 1997
By Bloomberg News
Bloomberg News
ITT Corp says that VNU NV, a Dutch publisher, offered in April to buy its telephone directory business for as much as $2.2 billion in cash but that two companies failed to agree on terms (S)
Full Article
Worms Shares Surge After Bid Is Cleared
Date: 27 September 1997
By Bloomberg News
Bloomberg News
Shares of Worms & Compagnie surge on their first day of trading after French stock regulators clear French businessman Francois Pinault's hostile $4.8 billion takeover bid for it; Pinault is making bid through his family holding company, Artemis (S)
Full Article
Australian Bank Buys Stake in E.D.S. Unit
Date: 27 September 1997
By Bloomberg News
Bloomberg News
Commonwealth Bank of Australia pays about $240 million (Australian), or $174 million (US), for 35 percent stake in EDS Australia; transaction is part of agreement under which Electronic Data Services Corp is taking over all of Commonwealth Bank's information technology functions (S)
Full Article
Hong Kong Developer Raises Jardine Stake
Date: 27 September 1997
By Bloomberg News
Bloomberg News
Billionaire property developer Li Ka-shing raises his stake in Jardine Matheson Holdings Ltd to 4 percent; Li makes investment through his main companies, Cheung Kong (Holdings) Ltd and Hutchison Whampoa Ltd (S)
Full Article
Apple Shifts Ways It Sells Computers
Date: 27 September 1997
By Bloomberg News
Bloomberg News
Apple Computer Inc plans to simplify how it sells computers to dealers to put its products in more stores; moves include adding 100 people to work closely with dealers and cutting amount of unsold inventory that can be returned to Apple (S)
Full Article
NEWS SUMMARY
Date: 28 September 1997
INTERNATIONAL 3-17 In Congo, Disappointment With Kabila Government The leader of Congo, Laurent Kabila, in office four months, has endured a jarring apprenticeship. And many Congolese feel let down. Wages have not been paid. The authorities have cracked down on protests, and have not made their aims clear. 1 Offer of Algerian Negotiations Pursuing its apparent attempt to end six years of fighting in Algeria, the opposition Islamic Salvation Front urged all opposition groups to adhere to a truce and called for a national peace conference. Earlier its military wing had called a truce. In effect, the front challenged the Government to begin negotiations. 10
Full Article
NEWS SUMMARY
Date: 27 September 1997
INTERNATIONAL A3-6 U.S. and Russia Adjust A Major Arms Treaty The United States signed a package of arms control agreements with Russia that pushed back by five years one of the major treaties of the cold war, Start 2, but it could clear the way for cuts in nuclear weapons. Accords signed with Belarus, Kazakstan and Ukraine and Russia also modified a 1972 arms treaty. A1
Full Article