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Date: 21 March 2001
By Felicity Barringer
Felicity Barringer
San Jose Mercury News executive editor, David M Yarnold, and general manager, Mindi Keirnan, say newspaper can make necessary cutbacks without laying off employees; announcement comes one day after Jay T Harris resigned as publisher rather than meet profit targets of its owners, Knight Ridder (M)
Date: 20 March 2001
By Felicity Barringer
Felicity Barringer
Jay T Harris, chairman and publisher of The San Jose Mercury News, says he is quitting his posts and warns his corporate bosses at Knight Ridder that their profit targets for financially squeezed newspaper risks 'significant and lasting harm to Mercury News as journalist enterprise'; news of his strongly worded explanation for his resignation ricochetes around newspaper industry, business that has been grappling with sharp decline in advertising revenue, particularly in larger markets; Harris's action is hailed by many journalists who believe that newspaper companies too often choose to serve their shareholders at expense of their readers; photo (M)
Date: 20 March 2001
Committee to Protect Journalists reports two dozen journalists were killed during 2000 while at work in in 16 nations, and that 18 are being held in prisons worldwide (S)
Date: 20 March 2001
By Edmund L. Andrews
Edmund Andrews
Four German labor unions representing service workers agree to merge to create world's largest union, with 3 million members; new union, Ver.di, unites unions representing government and transportation workers, bank and insurance industry employees, media and publishing and postal service (S)
Date: 20 March 2001
By Bloomberg News
Bloomberg News
Solectron Corp, electronics manufacturer, is cutting 8,200 jobs, or more than 10 percent reduction, because demand is falling; company says net income for second quarter ended March 2 rose 26 percent, to $121.9 million; sales rose 85 percent, to $5.42 billion (S)
Date: 20 March 2001
By Bloomberg News
Bloomberg News
Drypers Corp, diaper maker that filed for bankruptcy protection in 2000, says DSG International's US subsidiary, Associated Hygenic Products, has bought its North American assets for $38.5 million (S)
Date: 21 March 2001
By Bloomberg News
Bloomberg News
Nike Inc says profit fell 33 percent in fiscal third quarter, to $97.4 million; sales were little changed at $2.17 billion (S)
Date: 21 March 2001
By Bloomberg News
Bloomberg News
Libbey Inc, leading maker of glassware, will reduce production at its plants in US and joint venture in Mexico; says its first-quarter earnings will be below analysts' estimates (S)
Date: 21 March 2001
By Bloomberg News
Bloomberg News
Champion Enterprises, maker of manufactured homes, closes 2 plants and 30 sales centers to reduce its inventory of homes (S)
Date: 21 March 2001
By Bloomberg News
Bloomberg News
Bank of America and Farmers Insurance Group are forming partnership to sell insurance and banking products; Bank of America will sell Farmers insurance for homes and cars at its branches, while Farmers will market Bank of America's checking and savings accounts and consumer loans through its 17,000 agents (S)