Spiller av mandag 8. mai 1995

International Briefs; Murdoch Said to Seek 3 Italian TV Channels

Date: 09 May 1995

By Bloomberg News

Bloomberg News

The News Corporation Ltd., Rupert Murdoch's media conglomerate, is negotiating to buy majority control of Italy's three leading television channels from Fininvest S.p.a., headed by the former Prime Minister, Silvio Berlusconi, according to an Italian business newspaper, Il Sole/24 Ore. Last month, Mr. Berlusconi told the monthly magazine Liberal that the News Corporation had expressed interest in acquiring Fininvest's television stations. On Saturday, Il Sole/24 Ore said, without identifying a source for the information, that negotiations were at an advanced stage.

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The Executive Computer

Date: 08 May 1995

By Laurie Flynn

Laurie Flynn

FOR the last few years, one of the most eagerly awaited technologies has been the "intelligent agent" -- a software servant that would scurry through cyberspace on your behalf, answering E-mail, ordering groceries, scanning news services and collecting choice morsels of information for consumption at your leisure. Unfortunately, the full-service intelligent agent is still on the horizon, while the growth of electronic information is already exceeding anyone's ability to keep up with it.

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The Times Is Joining New On-Line Service

Date: 08 May 1995

The New York Times Company said yesterday that it was joining with eight other large newspaper companies to create a national on-line information service on the Internet's World Wide Web. The service, called New Century Network, will enable personal computer users to call up news articles and other information, including job advertisements, from participating newspapers. It is expected to be in operation later this year.

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SONAT OFFSHORE IN NEW TALKS WITH READING & BATES

Date: 09 May 1995

By Bloomberg News

Bloomberg News

Sonat Offshore Drilling Inc. said yesterday that it had had more talks with the Reading & Bates Corporation about the possibility of combining operations after two failed bids to buy the oil service company. Reading & Bates last month rejected a revised $520 million tender offer for its shares. Sonat Offshore's second bid was for $8.40 a share, and the original offer, made in February, was $7.50 a share. Reading & Bates has aimed to become a leader in putting together floating production systems that allow oil companies to extract oil from prospects more than 1,000 feet deep.

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SCHWAB TO OFFER SERVICES OVER INTERNET BY SUMMER

Date: 09 May 1995

By Bloomberg News

Bloomberg News

The Charles Schwab Corporation will offer financial services over the Internet within the next few months, Charles Schwab, its chairman, said yesterday at its annual meeting. Each attending shareholder was given a copy of Fundmap, software that helps customers shop for mutual funds. The company previously established Telebroker, an interactive telephone service that now accounts for 55 percent of Schwab's brokerage customer contacts. The technological edge, combined with discount services, helped Schwab increase its customer equity 28 percent last year to $123 billion. In the first quarter, the company said, earnings rose a half-percent to $38.4 million, or 44 cents a share, from $38.2 million, or 43 cents, in the corresponding period in 1994. Mr. Schwab credited the growth largely to his company's mutual fund operations. He said he hoped to expand the discount brokerage service into Germany.

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International Briefs; Stora Profit Up 72%

Date: 09 May 1995

By Bloomberg News

Bloomberg News

Stora Kopparbergs Bergslags A.B., a Swedish company that is Europe's second-largest forestry concern, said yesterday that its first-quarter pretax profit jumped 72 percent, to 1.84 billion kronor ($257 million), as global recovery enabled the paper and pulp powerhouse to raise prices and still increase sales.

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International Briefs; Singapore Phone Deal

Date: 09 May 1995

By Bloomberg News

Bloomberg News

A joint venture involving the Keppel Corporation of Singapore, Singapore Press Holdings Ltd., Cable and Wireless P.L.C. of Britain and Hong Kong Telecommunications Ltd. will be the first competitor to Singapore Telecommunications Ltd. in Singapore's mobile phone market. The Telecommunications Authority of Singapore said it chose the venture, called Mobile One (Asia) Pte. Ltd., from among five contenders for the 20-year license. Singapore Telecom's monopoly rights to mobile phone and paging services expire April 1, 1997. The new licensee will have to introduce its services on that date.

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Leslie Fay to Close Its Last U.S. Factory

Date: 08 May 1995

By Bloomberg News

Bloomberg News

The Leslie Fay Companies said last week that it would close its last United States factory, eliminating 600 jobs at a Wilkes-Barre, Pa., plant. The decision follows a mediator's ruling that the New York-based apparel company be relieved of an obligation in a labor contract to guarantee the jobs at the plant.

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Chief Strategist Quits at Lehman

Date: 09 May 1995

By Bloomberg News

Bloomberg News

The chief market strategist at Lehman Brothers Holdings Inc., Katherine Hensel, resigned last week after a year and a half on the job, and Lehman officials said they were looking for a replacement. The resignation of Ms. Hensel comes less than a year after the firm ousted the stock strategist Elaine Garzarelli as part of a cost-cutting campaign. Ms. Garzarelli was estimated to receive as much as $2 million in salary and bonus.

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MAY DEPARTMENT STORES CO. (MA,N)

Date: 09 May 1995

By Bloomberg News

Bloomberg News

The May Department Stores Company reported yesterday that its first-quarter earnings rose 1.8 percent, as heavy sales promotions ate into profits. The retailer, whose stores include Lord & Taylor, Hecht's and Payless Shoe Source, said net income increased to $114 million, or 44 cents a share, from $112 million, or 43 cents a share, in the corresponding period a year earlier.

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