AOL Selects Time Executive To Take Over As CNN Chief
Date: 10 July 2001
BY Jim Rutenberg
Jim Rutenberg
Walter Isaacson, editorial director of Time Inc. and one-time managing editor of Time magazine, is named chairman and chief executive of Cable News Network; appointment comes less than two weeks after sudden resignation of Tom Johnson; photo (M)
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A Top Editor Is Appointed At Time Inc.
Date: 11 July 2001
By Alex Kuczynski
Alex Kuczynski
John Huey is named editorial director of Time Inc; replaces Walter Isaacson, who was named chief executive of Cable News Network; photo (M)
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OPPENHEIMERFUNDS WILL BUY A HEDGE FUND CONSULTANT
Date: 11 July 2001
By Bloomberg News
Bloomberg News
OppenheimerFunds, unit of Massachusetts Mutual Life Insurance Co, acquires hedge fund consultant Tremont Advisers for about $133 million cash to add hedge funds to its product line (S)
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SILICON GRAPHICS POSTS A LOSS, AND AN EXECUTIVE RESIGNS
Date: 10 July 2001
By Bloomberg News
Bloomberg News
Silicon Graphics says it had fiscal fourth-quarter loss of as much as $80 million and its chief financial officer Hal Covert resigned; Covert will be succeeded by controller Jeffrey Zellmer (S)
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STORM LOSSES WILL PARE CHUBB'S QUARTERLY EARNINGS
Date: 11 July 2001
By Bloomberg News
Bloomberg News
Chubb Corp says $80 million in storm-related losses in second quarter will cut earnings per share by as much as 31 percent (S)
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LTV SAYS IT HAS REACHED AGREEMENT WITH STEELWORKERS
Date: 10 July 2001
By Bloomberg News
Bloomberg News
LTV reaches labor agreement with United Steelworkers of America that will help company avoid liquidation; under tentative agreement, which is to expire in 2006, LTV will lay off 1,300 workers, halt some raises, reduce costs for pension and health benefits and make employees part owners of company (S)
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GAMBLING COMPANIES MERGE IN $1.36 BILLION DEAL
Date: 10 July 2001
By Bloomberg News
Bloomberg News
International Game Technology, large manufacturer of slot machines, acquires Anchor Gaming in $1.1 billion stock swap (S)
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DELTA WILL END ITS WASHINGTON-BOSTON SHUTTLE FLIGHTS
Date: 10 July 2001
By Bloomberg News
Bloomberg News
Delta Air Lines plans to stop making Delta Shuttle flights between Washington and Boston and will scale back some international service as demand slows; will replace its nine daily shuttle flights between Boston and Washington with four Delta Connection flights on smaller planes through its commuter partner, Atlantic Coast Airlines Holdings; will start new service by Sept 1 (S)
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XEROX ELIMINATES DIVIDEND TO SAVE $140 MILLION A YEAR
Date: 10 July 2001
By Bloomberg News
Bloomberg News
Xerox Corp eliminates its common-stock dividend to save $140 million per year (S)
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SAKS SAYS IT WILL CLOSE ITS PALM SPRINGS STORE
Date: 11 July 2001
By Bloomberg News
Bloomberg News
Saks plans to close its store in Palm Springs, Calif; offers 60 store employees transfers to other branches (S)
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