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Date: 01 March 2001
By Bloomberg News
Bloomberg News
New York Post, owned by News Corp, will soon make almost 200 years' worth of newspapers available on Internet; Cold North Wind Corp will create digital images of paper and make them part of global online newspaper archive (S)
Date: 01 March 2001
By Felicity Barringer
Felicity Barringer
Daily News appoints Richard J Schwartz, former aide to Mayor Rudolph W Giuliani, as editorial-page editor (S)
Date: 01 March 2001
By
HARDWARE COST CONTROL AT MICROCHIP TECHNOLOGY Microchip Technology , a maker of microchips for cars, appliances, computer equipment and security systems, said it would cut its work force by 12 percent, or about 400 employees, and trim production by 24 percent. "We're seeing a slowdown across all segments of our business," Gordon Parnell, the chief financial officer, said. The company, based in Chandler, Ariz., has also deferred, from June 2002 to December 2002, the start of operations at a manufacturing plant it acquired last summer in Puyallup, Wash. Mr. Parnell said Microchip Technology expected to report sales of $161 million for the first quarter of 2001, off 15 percent from $190 million in the prior quarter. Catherine Greenman (NYT)
Date: 28 February 2001
By Kate Zernike
Kate Zernike
Supreme Court is set to hear case centered on whether Milford, NY, public school discriminated against Good News Club, church-run youth group, by refusing to let it hold after-school meetings; school holds that club, which evangelizes children ages 5 to 12, is aimed at establishing religion, and therefore violates not only school policy but also United States Constitution; club holds that school violated its First Amendment right to free speech; Good News Club, run by group of born-again believers called Child Evangelical Fellowship, whose sole stated purpose is to evangelize children and establish them as members of Christian churches, operates 4,622 clubs in this country and others in 142 nations; fellowship says it meets in more than 5000 schools nationwide, and it routinely offers legal help to clubs refused access (M)
Date: 01 March 2001
By Linda Greenhouse
Linda Greenhouse
Supreme Court appears generally sympathetic to evangelical group's argument that it has constitutional right to offer Bible study and prayer as after-school activity for young children on same basis as any other activity held on premises of upstate New York public school; federal appeals court in Manhattan had upheld Milford Central School's decision to exclude group, Good News Club, ruling that exclusion was based not on its religious viewpoint but on permissible decision not to have 'religious instruction and prayer' as after-school activity; photo (M)
Date: 28 February 2001
By Michael Wines
Michael Wines
Russia's Federal Security Service, domestic successor to KGB, unexpectedly says that American graduate student John Edward Tobbin, arrested nearly month ago on seemingly minor drug charges, was probably working for United States military intelligence; allegations stir tempest in Russian press and apparently surprise US officials, who say they were close to settling drug charges and securing Tobbin's exit from Russia; photo (M)
Date: 28 February 2001
By Stephen Labaton
Stephen Labaton
Government suffers second difficult day of questioning in its Microsoft antitrust case as Federal appeals court casts doubt on whether Judge Thomas Penfield Jackson's order last year to break the company in two will survive appeals process; appellate panel poses tough questions about justification for breakup, noting in particular that only companies ever broken up in 111-year history of Sherman Antitrust Act had been formed through mergers and acquistions; judges also score Jackson for granting interviews with news media before case was completed; photo (M)
Date: 01 March 2001
By Bloomberg News
Bloomberg News
Tyson Foods halts cash tender portion of its $4.7 billion offer to buy meatpacker IBP because of government inquiry into IBP's financial statements; will give IBP shareholders combination of cash and stock after transaction is completed instead of cash up front (S)
Date: 28 February 2001
By Bloomberg News
Bloomberg News
Thomson Corp, publisher of The Bond Buyer and American Banker, says it is selling those newspapers and other publications to focus on delivery financial information electronically (S)
Date: 28 February 2001
By Bloomberg News
Bloomberg News
Japan's Kao Corp will form joint venture with Archer Daniels Midland Co to make and sell ingredients for Kao's popular cooking oil in Decatur, Ill (S)