The Quiet Allure of Coupon Clippers
Date: 11 June 2000
By Alex Berenson
Alex Berenson
Alex Berenson, Portfolios Etc column, comments on staid competition of Valaddis Communications and New Corporation, which hold roughly equal shares of market for printing and distributing coupon inserts that fatten Sunday newspapers nationwide; finds Valassis shares 'absurbly cheap,' noting company enjoyed 40 percent gross profit margin in 1999 and had net income of $121 million on sales of $794 million; finds it is difficult for new entrants to crack market because of high fixed costs that cannot be recouped without a critical mass of advertisers; graph (M)
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In Bathroom Graffiti, More Than a Good Time
Date: 11 June 2000
By Patrick J. Lyons
Patrick Lyons
Ikea receives 60 applications after posting handwritten ads for copywriters and project managers in restrooms in restaurants in fashionable Lilla Torget section of Malmo, Sweden; notes response is four or five times what it would expect from usual newspaper ad (M)
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County Board at Odds Over Its Press Office
Date: 11 June 2000
By Corey Kilgannon
Corey Kilgannon
Westchester County (NY) legislative chairman George S Latimer, responding to complaints from Republicans of partisan politics in press office, instructs staff to work for both parties (M)
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SECURITY CAPITAL AGREES TO ACQUIRE HEALTH POWER
Date: 10 June 2000
By Bloomberg News
Bloomberg News
Holding company Security Capital Corp agrees to acquire Health Power Inc for about $33.6 million (S)
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QUALITY DINING AGAIN REJECTS A HOSTILE TAKEOVER BID
Date: 10 June 2000
By Bloomberg News
Bloomberg News
Quality Dining Inc again rejects $54 million hostile takeover bid by investor group NBO LLC (S)
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Of Analysts' Picks And Possible Conflicts
Date: 11 June 2000
By Bloomberg News
Bloomberg News
Securities and Exchange Commission is exploring ways for brokerage firm strategists and analysts to disclose potential conflicts of interest, as when they have personal investments in stocks they recommend or when their employers have investment banking relationships with companies they follow (M)
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JAPANESE BANK DEAL
Date: 10 June 2000
By Bloomberg News
Bloomberg News
Japan's Sakura Bank offers to buy controlling stake in minor rival Minato Bank (S)
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E.D.S. Shares Skid 26 Percent On Company's Sales Warning
Date: 10 June 2000
By Bloomberg News
Bloomberg News
Shares of Electronic Data Systems tumble 26 percent after it announces that second quarter sales will be less than anticipated (M)
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For an Indexing Legend, A Wager Pays Off
Date: 11 June 2000
By Bloomberg News
Bloomberg News
Vanguard Group founder John C Bogle Sr wins $25 on 1995 bet with Markham Capital Management pres Robert Markham that Vanguard's Index 500 fund would beat actively managed Markham Moderate Allocation fund over five years; Index 500 fund had 226 percent cumulative pretax return for period, while Markham fund had 156 percent return; Markham urges Bogle to invest winnings wisely (M)
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NEWS SUMMARY
Date: 11 June 2000
INTERNATIONAL 3-17 Syrian Leader Assad Dies; Son Expected to Take Over President Hafez el-Assad of Syria, a standard-bearer of Arab nationalism and anti-Zionist fervor who ruled his country with an iron-hand for three decades, died at 69. 1
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