General Dynamics Makes $2.1 Billion Deal for Shipbuilder
Date: 26 April 2001
By Kenneth N. Gilpin With James Dao
Kenneth Gilpin
General Dynamics Corp will buy Newport News Shipbuilding Inc for $2.1 billion in cash, deal that would make it Navy's sole maker of aircraft carriers and submarines and solidify its position in construction of other Navy and commercial ships; analysts predict deal, certain to raise antitrust concerns, will win needed approvals; photo (M)
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Actress Joins CNN Network As an Anchor
Date: 25 April 2001
By Jim Rutenberg
Jim Rutenberg
Andrea Thompson, former star of ABC television series NYPD Blue, will become anchor of CNN Headline News (M)
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Big Media Is Both Big And Vulnerable; Interlocking Relationships Mean Everyone Can Be at Risk
Date: 25 April 2001
By Geraldine Fabrikant With Jim Rutenberg
Geraldine With
Major film and television studios are presenting united front against Writers Guide of America and its demand for higher residuals, but a prolonged writers' strike poses dangers for big media companies that own studios, including AOL Time Warner, News Corp and Viacom; there are too many interlocking pieces and meshing gears within Big Media, and they serve as system of checks and balances that cannot help but influence way media companies conduct negotiations with writers; chart; photos (M)
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DIFRANCESCO QUITS BID FOR GOVERNOR, STUNG BY SCRUTINY
Date: 26 April 2001
By David M. Halbfinger
David
Acting Gov Donald T DiFrancesco abruptly quits New Jersey governor's race, citing weeks of what he calls devastating media coverage of his past business and legal dealings; former Rep Bob Franks will take his place on Republican ballots in June 26 primary; DiFrancesco, who only three days ago formally announced his candidacy, has been positioning himself for gubernatorial run since 1992; his withdrawal is latest and biggest surprise in political year full of twists and turns, intrigue and scandal in New Jersey; his decision to withdraw is reportedly triggered by cumulative toll of criticism he has received in recent weeks, and at urging of his family; photos (M)
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Essay; Les Cents Jours
Date: 26 April 2001
By William Safire
William Safire
William Safire Op-Ed column on media hoopla over Pres Bush's first 100 days in office; says even Bush accepts mistaken premise of 100-day measurement, which is how busy has he been and what laws has he gotten Congress to pass; says this is not fair way to assess conservative president, because 100-day yardstick measures activity, not stability; says Bush administration is low-key, lower-voiced, deliberate, right of center but not confrontational, and no hotbed of hostility; says 'tone' certainly has changed (M)
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SPRINGS INDUSTRIES, A MAKER OF SHEETS, TO GO PRIVATE
Date: 26 April 2001
By Bloomberg News
Bloomberg News
Springs Industries, sheet maker, will be bought and taken private by Heartland Industrial Partners LP and descendants of founding Close family for $905 million; Close family includes Springs chief executive Crandall Bowles (S)
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EUROPE CLEARS LIBERTY MEDIA-UNITEDGLOBALCOM DEAL
Date: 26 April 2001
By Bloomberg News
Bloomberg News
European Commission approves planned merger of Liberty Media Corp and UnitedGlobalCom Inc to form largest cable television operator outside United States (S)
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SWISS REINSURANCE TO BUY CONNING & CO. FROM METLIFE
Date: 26 April 2001
By Bloomberg News
Bloomberg News
Swiss Reinsurance Co will buy Conning & Co from MetLife Inc, expanding its asset-management business (S)
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BURGER KING MAKES CHOICE FOR CHIEF OPERATING OFFICER
Date: 26 April 2001
By Bloomberg News
Bloomberg News
Diageo PLC's Burger King unit names Kim Lopdrup vice president and chief operating officer (S)
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MORGAN STANLEY WILL ELIMINATE 1,500 JOBS TO PARE COSTS
Date: 25 April 2001
By Bloomberg News
Bloomberg News
Morgan Stanley Dean Witter & Co is eliminating about 1,500 jobs to trim costs as revenue slumps (S)
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