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Date: 09 October 1999
By Jayson Blair
Jayson Blair
Deputy Police Comr Edward T Norris contends that negative news coverage has so intimidated police officers that they are reluctant to patrol aggressively and that their reluctance is why murders are increasing; is specifically critical of coverage in New York Times (M)
Date: 08 October 1999
By Robert D. McFadden
Robert
Donald J Trump, encouraged by 'amazing' polls, 'unbelievable' news media interest and 'huge' groundswell of public support, deepens his flirtation with Presidential politics by appointing exploratory committee to help him decide whether he should run for President; photo with Minnesota Gov Jesse Ventura, who first raised possibility of Trump candidacy as Reform Party candidate (M)
Date: 09 October 1999
By Bloomberg News
Bloomberg News
Reckson Service Industries , an investor in companies that provide services to building tenants, will pay as much as $216.2 million in cash and stock to increase its stakes in Vantas Inc. and Onsite Access Inc. Reckson, which holds 35 percent of Vantas, an owner of executive office suites, will increase its investment to a range of 77 to 95 percent. It will pay $82 million to $121 million in cash and two million to three million shares, depending on how many shareholders exercise rights to sell their shares. Reckson will pay about $34.4 million in stock to raise its stake in Onsite, of Melville, N.Y., to 42 percent. The company provides telecommunications and Internet services.
Date: 08 October 1999
By Bloomberg News
Bloomberg News
Molson Inc, Canada's biggest beer maker, will close its brewery in Barrie, Ontario, next September and dismiss 414 workers, resulting in fiscal third-quarter charge of $128 million; will focus on its Toronto brewery (S)
Date: 08 October 1999
By Bloomberg News
Bloomberg News
Great-West Lifeco Inc, Canada, agrees to buy Allmerica Financial Corp's group life and health insurance business for undisclosed terms (S)
Date: 08 October 1999
By Bloomberg News
Bloomberg News
Ceres Group Inc acquires Pyramid Life Insurance Co from Unitrin Inc for $67.5 million; companies also agree that Ceres will sell its medical insurance through agents of Unitrin (S)
Date: 09 October 1999
By Bloomberg News
Bloomberg News
The American Home Products Corporation, maker of the most prescribed United States drug, Premarin, has adopted a plan to ward off hostile takeovers after reaching a $3.75 billion settlement on diet pills once used in the ''fen-phen'' combination. The plan, a so-called poison pill, would ''provide protection against coercive or unfair takeover tactics,'' the company said after the close of trading on Thursday. The plan is intended to protect shareholders' interests if an effort is made to acquire American Home at a price that does not reflect its true value, the company said. Analysts said they believed that American Home wanted to merge with a competitor but not at its current share price. The shares rose $1.8125 each yesterday, to $50.50.
Date: 08 October 1999
By Bloomberg News
Bloomberg News
Wachovia Corp acquires B C Bankshares Inc for about $134 million in stock (S)
Date: 09 October 1999
By Bloomberg News
Bloomberg News
Shares of 24/7 Media Inc. rose 17 percent amid speculation that the Internet advertising company was in talks to be acquired by a larger rival, Doubleclick Inc. The New York-based company's shares rose $6.875, to $47.375. Doubleclick rose $4.75 a share, to $136.625. In July, Doubleclick's chairman, Kevin J. O'Connor, said the company was seeking to buy more Internet advertising companies to expand ad sales that were now on more than 1,300 Web sites. 24/7 would be a good fit because it would add 150 Web sites to broaden Doubleclick's customer base and fend off rivals. Doubleclick is in talks to buy 24/7 Media for about $1.5 billion, the Silicon Alley Reporter Web site said.
Date: 08 October 1999
By Bloomberg News
Bloomberg News
Intuit Inc acquires Rock Financial Corp for about $370 million in stock (S)