Newspaper Magazine Shares Profits With a Subject
Date: 26 October 1999
By Felicity Barringer
Felicity Barringer
Los Angeles Times Magazine and owners of Staples Center sports arena share $2 billion in advertising revenue from newspaper's Oct 10 issue of its magazine, which was devoted to the arena; it is unusual for newspaper to share profits with institution that is focus of continuing news coverage; officials of Los Angeles Times and arena decline comment; center is owned by Philip Anschutz, Denver billionaire and large shareholder of Qwest Communications; Ed Roski Jr, wealthy real estate executive, and News Corp, which holds 40 percent stake; arena, which cost about $400 million to build, is home to Lakers and Clippers professional basketball teams and professional hockey team the Kings (M)
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STAMPS.COM AGREES TO ACQUIRE ISHIP.COM
Date: 26 October 1999
By Bloomberg News
Bloomberg News
Stamps.com acquires Iship.com for about $305 million in stock (S)
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TOPPS GETS SALES LIFT FROM NINTENDO TIE-IN
Date: 26 October 1999
By Bloomberg News
Bloomberg News
Topps Co says sales of candy and trading cards featuring Nintendo Co's Pokemon video-game characters might exceed $80 million in its fiscal year 2000, sending shares as much as 23 percent higher (S)
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ESTEE LAUDER BUYS BEAUTY-PRODUCT MAKER, JO MALONE
Date: 26 October 1999
By Bloomberg News
Bloomberg News
Estee Lauder Companies acquires beauty-product maker Jo Malone Ltd (S)
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JAPANESE SURPLUS JUMPS
Date: 26 October 1999
By Bloomberg News
Bloomberg News
Japan's merchandise trade surplus rose more than 20 percent in September, as rising yen cut import costs and export sales rose; surplus grew 21.8 percent, to 1.16 trillion yen, or $9.6 billion, seasonally adjusted, in August; from year ago, surplus fell 9.7 percent, to 1.39 billion yen, unadjusted; exports, by value, rose four-tenths of 1 percent and imports fell 6.1 percent; graph (S)
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BANK MERGER VETOED
Date: 26 October 1999
By Bloomberg News
Bloomberg News
Norway's Finance Ministry has rejected $3.1 billion bid for Christiania Bank from foreign rival, Meritanordbanken of Finland, to insure that nation's second-largest bank remains under domestic control; State Bank Investment Fund, which manages state's 34.7 percent Chritiania stake, cites parliamentary decision to hold at least one-third of Christiania and its larger rival, Den Norske Bank ASA (S)
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EUROPEAN BANK DEAL
Date: 26 October 1999
By Bloomberg News
Bloomberg News
Scandinavia's fifth-largest bank, SEB AB, will buy BfG Bank AG of Germany from Credit Lyonnaise SA for 1.6 billion euros, or $1.7 billion; European Commission told Credit Lyonnaise, which owns 50 percent plus one share in BfG, to sell its stake in return for about $25 billion in aid from France; Credit Lyonnaise says it will lose money on sale (S)
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Coca-Cola Tests Find No Problem
Date: 26 October 1999
By Bloomberg News
Bloomberg News
Coca-Cola Co says its initial tests on drinks that Belgian schoolchildren said last week made them sick indicate no problems with beverages; four Belgian teen-agers said they felt ill after drinking Coca-Cola and Fanta; drinks were produced at two separate bottling plants in Belgium and Britain (S)
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Airbus May Build 28 Planes for China
Date: 25 October 1999
By Bloomberg News
Bloomberg News
Pres Jacques Chirac of France meets with Pres Jiang Zemin of China and then announces that China will order 28 planes from Airbus Industrie worth $1.8 billion; purchase comes year after China put freeze on new aircraft orders amid overcapacity in slowing economy; sale to Airbus loosens Boeing's strangehold on Chinese market (S)
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Chairman of Dun & Bradstreet Steps Down
Date: 26 October 1999
By Bloomberg News
Bloomberg News
Dun & Bradstreet Corp says Volney Taylor has resigned as chairman and chief executive; Clifford Alexander, board member, will act as interim chairman and chief executive (S)
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