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Date: 03 January 2002
By Bill Carter
Bill Carter
Fox News Channcel strikes back at CNN, hiring away one of CNN's longtime anchors and correspondents, Greta Van Susteren, and handing her same 10 pm Fox talk show, The Point, that Paula Zahn had until she was hired by CNN in September; photo (M)
Date: 04 January 2002
By Bill Carter
Bill Carter
Moves by Fox News and CNN in hiring of on-air personalities seem to indicate that their battle is entering new phase, which may result in both networks pushing to broaden their audiences by bringing in different personalities with different points of view; Fox News boasts that its ratings are now virtually equal to CNN's; CNN counters that it attracts many more individual viewers, though they spend less time watching; CNN executives have become more aggressive in noting differences between two networks, not only in political bent, but especially in business terms; CNN vice president Mark Harrad cites data from Competitive Media Reports showing that from January through September, CNN, with advertising revenue of $206 million, enjoyed sizable edge over Fox News of more than $100 million; Fox News chairman Roger Ailes dismisses CNN's claims of business superiority; photo (M)
Date: 04 January 2002
By Bloomberg News
Bloomberg News
Anacomp Inc completes Chapter 11 bankruptcy restructuring that gives bondholders nearly all stock in company (S)
Date: 03 January 2002
By Bloomberg News
Bloomberg News
Interactive Data Corp acquires securities pricing service from Merrill Lynch & Co for $48 million (S)
Date: 04 January 2002
By Bloomberg News
Bloomberg News
GreenPoint Financial will close its mobile-home lending business, second largest in nation, because loan defaults have surge; bank plans to lay off 400 people and post loss for 2001 as it shuts unit; chief executive Thomas S Johnson comments (S)
Date: 03 January 2002
By Bloomberg News
Bloomberg News
National Equipment Services acquires North American operating unit of Brambles Industries of Australia for $122 million (S)
Date: 03 January 2002
By Bloomberg News
Bloomberg News
Weyerhaeuser Co will not raise its $7.76 billion bid for Willamette Industries (S)
Date: 03 January 2002
By Bloomberg News
Bloomberg News
PacifiCare Health Systems, one of biggest operators of Medicare health plans, will cut 1,300 jobs, or 15 percent of its work force, to reduce costs; severance pay and other restructuring costs will add $50 million to expenses in fourth quarter; moves will save $80 million to $90 million a year (S)
Date: 04 January 2002
By Bloomberg News
Bloomberg News
Carmike Cinemas wins judge's approval of Chapter 11 recovery plan that restructures about $650 million in debt and allows company to come out of bankruptcy independently (S)
Date: 04 January 2002
By Bloomberg News
Bloomberg News
Dow Chemical says it has failed to meet its fourth-quarter earnings estimate of 10 to 20 cents per share; will report full results on Jan 31 (S)
Date: 03 January 2002
By Bloomberg News
Bloomberg News
Ace, one of Bermuda's largest insurers, names Philip Bancroft chief financial officer, replacing Christopher Marshall, who will become executive assistant to Ace's chairman, Brian Duperreault (S)
Date: 03 January 2002
By Bloomberg News
Bloomberg News
Marriott International agrees to sell eight hotels in California, New Jersey, Pennsylvania and Virginia for $181 million to CNL Hospitality Corp (S)