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Date: 09 January 1997
By Bloomberg News
Bloomberg News
Crude oil jumps to six-year high on fears of short supplies and news that President Boris N Yeltsin of Russia has been taken to hospital with signs of pneumonia; February crude oil rises 39 cents, to $26.62 a barrel on Nymex; activity in other futures markets also noted (M)
Date: 08 January 1997
By Bloomberg News
Bloomberg News
Delta Air Lines Inc says it will increase its New York City service by one-third and cut back on its European service, resulting in a $60 million pretax charge in the current quarter; says it expects to save $62 million a year as result of revamped service; will cut between 600 and 800 jobs (S)
Date: 08 January 1997
By Bloomberg News
Bloomberg News
American Pad and Paper Co to buy Shade-Allied Inc for $51.5 million, broadening its business to include paper used in inkjet printers and copying machines (S)
Date: 09 January 1997
By Bloomberg News
Bloomberg News
Swissair AG says it and its European partners, Sabena SA and Austrian Airlines, have agreed to deepen their pact with Delta Air Lines Inc with the intention of increasing their share of the trans-Atlantic market (S)
Date: 09 January 1997
By Bloomberg News
Bloomberg News
AMP Inc to cut about 1,000 jobs, or 2.2 percent of its work force, as part of restructuring plan that includes closing and consolidating plants and streamlining product lines (S)
Date: 09 January 1997
By Bloomberg News
Bloomberg News
Patriot American Hospitality Inc to buy majority stakes in five Doubletree luxury hotels from the Metropolitan Life Insurance Co for $153 million in cash and assumed debt (S)
Date: 09 January 1997
By Bloomberg News
Bloomberg News
Shares of Netscape Communications Corp decline 19 percent after Wall Street analyst cuts his rating on the stock on the ground that the software maker's revenue growth may stall (S)
Date: 08 January 1997
By Bloomberg News
Bloomberg News
Viacom Inc to take fourth-quarter pretax charge of $100 million to close some Blockbuster Music stores and relocate its Blockbuster Entertainment unit's headquarters (S)
Date: 09 January 1997
By Bloomberg News
Bloomberg News
Bank of Montreal to open bank in Dublin to service North American companies that have set up offices in Ireland and across Europe (S)
Date: 09 January 1997
By Bloomberg News
Bloomberg News
Istat, state statistical institute, says Italian consumer prices rose 2.6 percent in December from the similar period last year, and were up one-tenth of 1 percent since November--third straight month in which the inflation rate remained at its lowest since 1969 (S)