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Date: 11 January 2000
By Bloomberg News
Bloomberg News
TheStreet.com Inc, financial Web site based in New York, says its news services will be free while some of its other sites will require fee-based subscriptions (S)
Date: 11 January 2000
By Felicity Barringer
Felicity Barringer
Merger of Time Warner with America Online renews concern that news outlets are losing their independence; it fans newer concerns that Internet has become prey to corporate consolidations; worry is not that there are fewer media outlets--opposite is true--but that fewer people have ultimate control over them (M)
Date: 11 January 2000
By Alex Kuczynski and Bill Carter
Alex Kuczynski
America Online-Time Warner merger will have potentially enormous effect on Time Warner's individual units; most immedaite is seen for CNN, which would benefit from promotional strength offered by AOL's $22 million subscribers; huge effect, if not immediate, is also expected for Time Warner's music division, which will become first major record company to be so closely affiliated with Internet company through an ability to deliver music online (M)
Date: 11 January 2000
By Elisabeth Rosenthal
Elisabeth Rosenthal
China seems tolerant of wildly popular, and politically unthreatening, boom in research into unidentified flying objects spurred in part by recent rash of sightings; official news media lavishes attention on UFO news; many of China's UFO enthusiasts are scientists and engineers, not sci-fi buffs; map; photo (M)
Date: 11 January 2000
By Alex Berenson and Bill Carter
Alex Berenson
Combination of America Online and Time Warner would create colossus that could force competitors from Walt Disney Co to AT&T to Microsoft Corp to reconsider their strategies; deal leaves Disney, News Corp, Seagram, NBC, Viacom-CBS and smaller older-media companies with choice of carving future alone on Internet or merging with new-media companies like Yahoo, putting their future in hands of businesses that hardly existed five years ago (M)
Date: 11 January 2000
By Bloomberg News
Bloomberg News
Schlumberger Ltd will take fourth-quarter charges totaling $113 million, including $50 million for costs of spinoff and merger of its Sedco Forex unit; another $37 million will cover costs of revamping its land-drilling operations, and $26 million will pay for reducing its seismic fleet; Schlumberger needs to cut costs after merging Sedco Forex with Transocean Offshore Inc on Dec 31 (S)
Date: 11 January 2000
By Bloomberg News
Bloomberg News
Vignette Corp acquires DataSage Inc for about $553.6 million in stock (S)
Date: 11 January 2000
By Bloomberg News
Bloomberg News
Hayes Lemmerz International Inc receives $131.3 million offer from investors seeking 25 percent of common stock they do not already own; $21-a-share bid comes from shareholders who are represented by Joseph Littlejohn & Levy Inc (S)
Date: 11 January 2000
By Bloomberg News
Bloomberg News
TSI Inc says its board has approved increased takeover bid from JJF Acquisition Inc that values TSI at $180 million, move that will take TSI private (S)
Date: 11 January 2000
By Bloomberg News
Bloomberg News
24/7 Media Inc, Internet advertising company acquires online ad companies Imake Software and Services Inc and Sabela Media Inc for about $75 million each (S)