NEWPORT NEWS SHIPBUILDING TO LAY OFF 600 WORKERS
Date: 16 April 1998
By Dow Jones
Dow Jones
Newport News Shipbuilding Inc will lay off 600 workes in its commercial and military shipbuilding units; about half the employees are being laid off in connection with discontinuance of commercial shipbuilding operations; rest of layoffs result from nearly simultaneous completion of work on aircraft carriers USS Theodore Roosevelt and USS Harry S Truman (S)
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TV News Helicopter Takes Viewers Along for the Chase
Date: 17 April 1998
By David W. Chen
David Chen
WCBS uses helicopter to televise live on its 5 PM news program high-speed police chase on Grand Central Parkway; police, pursuing man on stolen motorcycle, abandon chase at Triborough Bridge (M)
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Publisher Moving To Geocities
Date: 16 April 1998
By Claudia H. Deutsch
Claudia Deutsch
Thomas R Evans, who has held top publishing titles at three magazines owned by Mortimer B Zuckerman, says he will leave to join Internet company Geocities as chief executive; he will succeed David Bohnet, founder, who will continue as chairman; Evans has been president and publisher of US News and World Report and Fast Company magazines as well as president of Atlantic Monthly (S)
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Acclaim for Outspoken Voice of Riverdale
Date: 16 April 1998
By Jan Hoffman
Jan Hoffman
Article on Riverdale Press co-publisher and editor Bernard L Stein in view of him winning Pulitzer Prize for editorial writing; photo (M)
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Student Journalists Without a Newspaper; School Halts Publication, Raising Question of First Amendment Rights
Date: 17 April 1998
By Jacques Steinberg
Jacques Steinberg
Stuyvesant High School Principal Jinx Cozzi Perullo halts publication of school newspaper indefinitely after months of infighting that pitted student editors against one another and against their faculty adviser, Daniel Coleman; disputes were inflamed by recent articles criticizing conduct of individual teachers and policies of city teachers' union; Cozzi Perullo's action has drawn academically selective school into murky debate over Constitutional rights of student journalists; photo (M)
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CREDITORS OF BARNEY'S FREE TO FILE RIVAL PLAN
Date: 17 April 1998
By Bloomberg News
Bloomberg News
Creditors of Barney's Inc will be allowed to file rival reorganization plan for retailer under agreement worked out in Federal Bankruptcy Court; Barney's has until June 15 to file its own plan to exit Chapter 11 bankruptcy protection; creditors for first time are free to file rival plan in effort to recoup their $350 million in claims; impetus for agreement comes from Barney's biggest unsecured creditors, Bay Harbour Management and Whippoorwill Associates Inc, which together are owed $150 million (S)
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WOOLWORTH TO SHUT 82 KINNEY STORES IN CANADA
Date: 17 April 1998
By Bloomberg News
Bloomberg News
Woolworth Corp plans to close 82 money-losing Kinney Shoe stores in Canada and dismiss 600 employees as it focuses on its profitable Foot Locker, Champs and other sporting-goods chains (S)
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BRITISH AIRWAYS ALTERS ORDERS FOR BOEING JETS
Date: 17 April 1998
By Bloomberg News
Bloomberg News
British Airways PLC will replace some of its orders for Boeing 747 jetliners with order for 11 smaller aircraft worth $1.1 billion (S)
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CIBER, A COMPUTER CONSULTANT, IN $151 MILLION DEAL
Date: 16 April 1998
By Bloomberg News
Bloomberg News
Ciber Inc will acquire Summit Group Inc for stock valued at up to $151 million (S)
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$252 MILLION DEAL BY OIL REFINERS IN SOUTHWEST
Date: 16 April 1998
By Bloomberg News
Bloomberg News
Giant Industries agrees to buy Holly Corp for about $252 million in cash and stock; Giant, oil refiner and gasoline marketer based in Scottsdale, Ariz, say Holly refinery in New Mexico will enable it to supply its retail gasoline stations in the Southwest, while Holly's pipelines throughout region will allow it to transport its products more cheaply than by truck; Holly will also bring new company a refinery in Montana, where Giant has no operations (S)
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