FAMILY CHANNEL OWNER CONFIRMS MERGER TALKS
Date: 17 May 1997
By Bloomberg News
Bloomberg News
International Family Entertainment Inc of Virginia Beach, Va, confirms that it is in merger talks with News Corporation; says that family of its controlling holder, Pat Robertson, would be treated the same as other investors; International Family operates cable Family Channel (S)
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Murdoch Gets Some Bad News In Dispute With Time Warner
Date: 17 May 1997
By Mark Landler
Mark Landler
Rupert Murdoch loses round in his bitter feud with Time Warner when Federal Judge Jack B Weinstein dismisses two claims by Murdoch's News Corp that Time Warner had fraudulently backed out of deal to carry Fox News Channel on its New York City cable system; Weinstein rules that News Corp had no reason to presume that oral assurances from Time Warner's senior execs were same as an ironclad agreement to carry Fox channel (M)
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ENVIRODYNE HOLDERS REJECT ZAPATA NOMINEES TO BOARD
Date: 17 May 1997
By Bloomberg News
Bloomberg News
Shareholders of Envirodyne Industries elect company's slate of directors and reject three nominees from Zapata Corp, which is trying to gain control of Envirodyne (S)
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SIMON DEBARTOLO IN DEAL WITH CHELSEA REALTY
Date: 17 May 1997
By Bloomberg News
Bloomberg News
Simon DeBartolo Group and Chelsea GCA Realty Inc say they formed joint venture to buy and develop factory outlet centers (S)È
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PRESIDENT OF AETNA RESIGNS FOR PERSONAL REASONS
Date: 17 May 1997
By Bloomberg News
Bloomberg News
Aetna Inc says its president, Joseph Sebastianelli, rsigned, effective June 1, after serving a little more than two months in job; personal reasons cited for departure (S)
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ADT IN TALKS TO END BID BY WESTERN RESOURCES
Date: 17 May 1997
By Bloomberg News
Bloomberg News
ADT Ltd says it is holding preliminary discussions with Western Resources Inc on possibel end to Western's hostile bid for ADT, largest provider of electronic-security systems in United States and Britain (S)
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U.S. SURGICAL SHARES SLIDE AFTER PATENT CASE RULING
Date: 17 May 1997
By Bloomberg News
Bloomberg News
Shares of US Surgical Corp fall 7 percent afer jury rules against it in patent case; Applied Medical Resources Corp sued US Surgical over company's trocar products, hollow tubes used for minimally invasive surgery (S)
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Seat on Big Board Is Sold
Date: 17 May 1997
By Bloomberg News
Bloomberg News
Seat on New York Stock Exchange sells for $1.2 million, decrease of $85,000 from previous sale on Dec 30 (S)
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Germany's Growth Put at 0.5% in Quarter
Date: 17 May 1997
By Bloomberg News
Bloomberg News
German Economics Ministry says that Germany's economy probably expanded about 0.5 percent in first quarter of this year from final quarter of 1996 (S)
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Big Sale Expected Of Italian Bank Shares
Date: 17 May 1997
By Bloomberg News
Bloomberg News
Cariplo SpA will sell shares to a partner in what is expected to be Italy's biggest banking acquisition (S)
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