27. februar 1998 var en fredag under stjernetegnet til ♓. Det var 57 dagen i året. President i USA var William J. (Bill) Clinton.
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Date: 28 February 1998
By Dow Jones
Dow Jones
United News and Media PLC sells its United Provincial Newspapers, based in northern England, for 360 million pounds ($592.4 million) to group led by venture capital firm Candover Investments; also agrees to sell its Spanish advertising periodicals business, UPN Espana, for 42.75 million pounds ($70.3 million) to Cedant Corp; sales complete United's disposal of regional newspapers (S)
Date: 27 February 1998
By Amy Harmon
Amy Harmon
Matt Drudge, who publishes Internet gossip column, The Drudge Report, notes that Sidney Blumenthal, who protests Kenneth Starr's move to subpoena him to answer questions before grand jury about his conversations with reporters, had himself inquired about Drudge's sources when Drudge published report that Blumenthal had 'spousal abuse past'; Drudge retracted report and published apology; photo of Drudge (S)
Date: 27 February 1998
Five news organizations file motion in Federal District Court in Washington, seeking to make public arguments between White House and Office of Independent Counsel over use of executive privilege; issue of whether high-ranking White House staff members can be compelled to answer all questions posed by prosecutors arose last week when Pres Clinton's closest adviser, Bruce R Lindsey, appeared before Federal grand jury (S)
Date: 27 February 1998
By Peter Truell
Peter Truell
Michael R Milken, financier who used huge junk bond empire in 1980's to make or break a swath of big American companies, agrees to pay $47 million to settle SEC complaint that he had violated 1991 order barring him from securities industry for life; at same time, in apparently related deal, Federal prosecutors say they will not recommend new criminal charges against Milken for violating terms of his probation stemming from criminal securities fraud conviction in 1990; $47 million represents fees that Milken received for advising Bert C Roberts Jr, chmn of MCI Communications Corp, and Rupert Murdoch, chmn of News Corp, on 1995 accord in which MCI agreed to invest $1 billion to $2 billion in News Corp; in another transaction, Milken was paid fee for advising Ronald O Perelman, who controls Revlon Inc, on his acquisition of New World Communications; photo of Milken, Perelman and tennis player Jimmy Connors at Florida tournament (L)
Date: 27 February 1998
By John M. Broder
John
Sidney Blumenthal, after long career as scribbler in the shadows, has his moment in sun, as he emerges from Federal courthouse in Washington to tell about his two-hour questioning before grand jury investigating relationship between Monica S Lewinsky and Pres Clinton; independent counsel Kenneth Starr summoned Blumenthal to grand jury to interrogate him about whether he is spreading rumors about Starr's lieutenants to reporters; Blumenthal says he is outraged at being called before grand jury; photos of Blumenthal, Nancy Hernreich, director of Oval Office operations who also testifies before grand jury, and Starr (L)
Date: 28 February 1998
By Bloomberg News
Bloomberg News
Occidental Petroleum Corp to sell some natural gas properties in Oklahoma and Kansas to Oneok Inc for $135 million (S)
Date: 28 February 1998
By Bloomberg News
Bloomberg News
Apple Computer Inc says it will stop making Newton software and products to focus instead on its Macintosh operating system (S)
Date: 28 February 1998
By Bloomberg News
Bloomberg News
Oshkosh Truck Corp buys McNeilus Companies, Dodge Center, Minn, for $250 million as it expands into garbage- and construction-truck business (S)
Date: 27 February 1998
By Bloomberg News
Bloomberg News
Pfizer Inc says it might sell or spin off its medical technology group as it focuses on its more profitable drug business (S)
Date: 28 February 1998
By Bloomberg News
Bloomberg News
International Business Machines Corp to make microprocessors for Advanced Micro Devices Inc as IBM seeks to catch up with Intel Corp's market-leading Pentium line; Intel, however, will enter market for processors used in popular $1,000 computers before Advanced Micro ships its first product from IBM's plant (S)