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Date: 14 June 2001
By Felicity Barringer
Felicity Barringer
In attempt to win back advertisers, New York Daily News publishes four-page advertorial with flattering coverage of supermarket industry; this follows damning investigative series in which it contended city supermarkets were too dirty to meet state standards; supermarkets responded to series by pulling advertising (M)
Date: 15 June 2001
By Philip Shenon
Philip Shenon
Senate Judiciary Committee asks Justice Department to investigate source of leaks to news organizations about department's criminal investigation of Senator Robert G Torricelli of New Jersey (M)
Date: 14 June 2001
By Bloomberg News
Bloomberg News
Danaher Corp agrees to buy Microtest Inc for $74 million, expanding its line of equipment that monitors computer networks (S)
Date: 15 June 2001
By Bloomberg News
Bloomberg News
Schlumberger, which acquired British computer services company Sema in April, says revenue from new business has been lower than expected because of slowdown in telecommunications industry (S)
Date: 14 June 2001
By Bloomberg News
Bloomberg News
US Bankruptcy Judge Peter J Walsh rules that Finova Corp can proceed with $7.35 billion recovery plan proposed by Warren E Buffett's Berkshire Hathaway Inc and Leucadia National Corp; overrules objection by GE Capital Corp and Goldman Sachs Group, which offered their own plan (S)
Date: 15 June 2001
By Bloomberg News
Bloomberg News
FNB Corp, Florida bank with branches in Pennsylvania and Ohio, agrees to buy Promistar Financial Corp for $418 million in stock to expand in Western Pennsylvania (S)
Date: 15 June 2001
By Bloomberg News
Bloomberg News
Xerox Corp plans to stop making personal copiers and desktop inkjet printers and to eliminate 1,500 jobs as part of its plan to cut $1 billion in costs by the end of the year; president Anne M Mulcahy says company will discontinue products within six months (S)
Date: 14 June 2001
By Bloomberg News
Bloomberg News
Mail-Well Inc, nation's largest maker of envelopes, says its second-quarter revenue will miss forecasts, lay off 1,200 workers, or 7.5 percent of work force and close nine plants; will sell its label and printed-office-products units (S)
Date: 15 June 2001
By Bloomberg News
Bloomberg News
British department store operator Harvey Nichols Group says sales at stores open at least 12 months rose 2.5 percent in first 10 weeks of financial year, down from 3.1 percent year earlier (S)
Date: 15 June 2001
By Bloomberg News
Bloomberg News
European Central Bank lowers its forecast for economic growth in European Union, and raises its estimate for inflation; says 12 countries may grow as little as 2.2 percent in 2001, while consumer prices rise at least 2.3 percent (S)