Sports News Shows Come and Go, but 'SportsCenter' Keeps on Rolling
Date: 13 May 2002
By Richard Sandomir
Richard Sandomir
CNN/SI, 24-hour sports network begun in 1996 by Time Warner's Cable News Network and Sports Illustrated magazine, will shut down on May 15, leaving ESPN's SportsCenter only cable program with daily national sports scores, news and highlights; demise of CNN/SI comes nearly four months after Fox Sports Net cable network dropped its national news program for two-hour talk program called The Best Damn Sports Show Period; loss of national competition for SportsCenter underscores potential of monolithic ESPN brand; SportsCenter remains essential to viewers despite 23 percent decline in viewers for its 6 pm program and 1 percent drop for its flagship 11 pm presentation since 1999 (M)
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Newsweek Scores Gains on Rival In War of the News Magazines
Date: 13 May 2002
By David Carr
David Carr
Newsweek magazine has substantial editorial momentum, with recent National Magazine Award for general excellence against Time after number of news exclusives, but at same time, magazine has lost significant market share and seen profits decline; Time magazine has growing share of advertising pages sold by weekly news magazines, but all three, including US News & World Report, have lost ad pages in last two years; chart; photos of Newsweek editor Mark Whitaker and Time managing editor Jim Kelly (M)
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James Cramer Says He Was Often Bad, but Not That Bad
Date: 13 May 2002
By David D. Kirkpatrick
David
Books about James J Cramer's approach to stock markets by Cramer and by former employee Nicholas W Maier take divergent views over ethics of Cramer's insider status; Cramer, who has already forced Maier's book publisher HarperCollins to retract some of most serious allegations in book, Trading With the Enemy, vows to sue; Cramer accuses HarperCollins executives of deliberately attacking him as part of larger corporate vendetta, because he appears on rival to Fox News Channel, which, like HarperCollins, is part of News Corp; Cramer is co-founder of TheStreet.com and talk-show host on CNBC; photos (M)
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Open Hearings Sought for Terror Detainees
Date: 14 May 2002
Federal government lawyers argue that immigration hearings for post-Sept 11 detainees should be kept secret in order to avoid jeopardizing terrorism investigation; American Civil Liberties Union sued in March on behalf of several New Jersey newspapers seeking to overturn blanket order that hearings be held in secret (M)
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A Man Who Stole the Roses
Date: 13 May 2002
By Joe Drape
Joe Drape
Often-outspoken horse trainer Bob Baffert used silence to lure news media away from War Emblem as part of pre-race strategy for Kentucky Derby, but must use new strategy to win Preakness; is back to old camera-ready self; photos (M)
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AVAYA TO EXPAND ITS NETWORK SERVICES BUSINESS
Date: 14 May 2002
By Bloomberg News
Bloomberg News
Avaya Inc says it will expand its telecommunications network services business as customers cut spending on telecommunications equipment; will form sales team to focus on network maintenance and other services (S)
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NORTEL TO SELL ABOUT $2.5 BILLION IN SECURITIES
Date: 14 May 2002
By Bloomberg News
Bloomberg News
Nortel Networks, maker of telephone equipment, will file to sell as much as $2.5 billion of securities (S)
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PROCTER & GAMBLE SEEKS BUYER FOR SOME CLAIROL BRANDS
Date: 14 May 2002
By Bloomberg News
Bloomberg News
Procter & Gamble Co, which paid $4.95 billion for Clairol hair care business six months ago, is looking for buyers for unit's Sea Breeze facial cleanser and three other brands as it focuses on its main hair color business (S)
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World Business Briefing | Australia: Confidence Rises
Date: 14 May 2002
By Bloomberg News
Bloomberg News
Australian business confidence rose to its highest level in eight years in April, signaling economy is picking up and that Reserve Bank of Australia may raise interest rates faster than expected; National Australia Bank's index of business confidence rose 5.8 percent, to 20.6 points, highest level since 1994 (S)
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Technology Briefing | Hardware: Lucent Allots Shares For Agere
Date: 14 May 2002
By Bloomberg News
Bloomberg News
Lucent Technologies decides how to distribute shares in spinoff of its remaining 58 percent stake in chip maker Agere Systems; plan noted; shares will be distributed on June 1 to stockholders of record as of May 3 (S)
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