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QVC Network Inc. said it completed its acquisition of CVN Cos. for about $423 million. QVC agreed to pay $19 and one-eighth QVC share for each of CVN's 20 million fully diluted shares. | {
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The other customers fled, and the police said it did not appear that anyone else was injured. The men took no money from their victim or from the establishment, said Detective Joseph Pentangelo, a Police Department spokesman. | {
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The acquisition brings together the two largest competitors to Home Shopping Network Inc., which now reaches more viewers than any other company in the video shopping industry. Among them, Home Shopping, QVC and CVN already control most of that young and fast-growing market, which last year had sales of about $1.4 billion. | {
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One of President Bush's sons has informed White House Chief of Staff John Sununu that he has lost much of his support among Republicans, prompting an intense effort by Sununu to hold on to his job by demonstrating his GOP backing, White House and Republican sources said Monday. Sununu was told Wednesday by Bush's son, George, that he had alienated members of the Cabinet, the White House staff and the Republican political community, creating a situation that puts his effectiveness in significant doubt, the sources said. | {
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The company's ability to respond to energy needs world-wide will be enhanced through a recently announced venture with Mitsubishi Heavy Industries, Mr. Lego said. He said the independent power segment could grow to provide as much as 50% of near-term generation capacity, adding: "We expect to supply a significant share of this market." | {
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Turkey and Saudi Arabia in effect shut down Iraq's major oil outlets through those countries, but according to Jordanian officials, a smaller line into Jordan remained operating. Truckloads of goods rolled into Iraq from Jordan on Tuesday and Iraqi-bound cargo was unloaded from ships at the Red Sea port ofAqaba despite the U.N.-ordered sanctions. | {
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The academy bought a hundred acres in Loudon county, Virginia, and asked for permission to build a fifty million dollar campus. In the nearby suburban housing tracts, someone dropped off leaflets warning the school could bring thousands of Middle Eastern strangers and terrorists. | {
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People have predicted his demise so many times, and the US has tried to hasten it on several occasions. Time and again, he endures. | {
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The program also calls for coordination of economic reforms and joint improvement of social programs in the two countries, where many people have become impoverished during the chaotic post-Soviet transition to capitalism. Kuchma also planned to visit Russian gas giant Gazprom, most likely to discuss Ukraine's dlrs 1.2 billion debt to the company. | {
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Neither Equus nor Tony Lama gave a reason for the changed offer and Tony Lama couldn't be reached for comment. However, Tony Lama said it would promptly submit the offer to a special committee of the company's board. | {
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He sold the property to five buyers and said he'd double his money. In Hong Kong, is always belongs to the seller's market. | {
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The purchase price was disclosed in a preliminary prospectus issued in connection with MGM Grand's planned offering of six million common shares. The luxury airline and casino company, 98.6%-owned by investor Kirk Kerkorian and his Tracinda Corp., earlier this month announced its agreements to acquire the properties, but didn't disclose the purchase price. | {
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After a short, sharp drop when Asia's financial problems first became clear, the stock market has rebounded and corporate profits have remained healthy. Long-term interest rates, an important indicator of economic stability, have fallen in the last few months. | {
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Nevertheless, American officials over the weekend became more open in declaring that by destroying Saddam Hussein's military machine they hope to destroy his regime -- a goal likely to be supported by most Americans. In a pre-attack message, Lt. Gen. Walter Boomer, the top Marine in the Persian Gulf, told U.S. Marines that their goal is to " restore {Kuwait} to its citizens." | {
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The people here are famous throughout central Asia for their skill in fashioning pottery and tile, glass too. Some families have kept their glass working secrets for more than two thousand years. | {
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Proceeds from the offering are expected to be used for remodeling the company's Desert Inn resort in Las Vegas, refurbishing certain aircraft of the MGM Grand Air unit, and to acquire the property for the new resort. The company said it estimates the Desert Inn remodeling will cost about $32 million, and the refurbishment of the three DC-8-62 aircraft, made by McDonnell Douglas Corp., will cost around $24.5 million. | {
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Women do not become victims of armed attack, but they do not have the right to work. And today, the right to work is equal to r- the right to survival. | {
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But opponents said the school might be a target for terrorist attacks, complained about its tax exempt status, and wondered why the Saudis are not compelled to allow Christians to worship in their country. Virginia Welch delivered this message to the county board of supervisors. | {
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H. Marshall Schwarz was named chairman and chief executive officer of U.S. Trust Corp., a private-banking firm with assets under management of about $17 billion. Mr. Schwarz, 52 years old, will succeed Daniel P. Davison Feb. 1, soon after Mr. Davison reaches the company's mandatory retirement age of 65. | {
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Price Stern Sloan Inc. said it hired an investment banking firm to assist in evaluating restructuring or merger alternatives and reported a net loss of $8.1 million, or $2.14 a share, for the third quarter ended Sept. 30. These results compare with net income of $1.8 million, or 44 cents a share, for the corresponding period last year. | {
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London share prices closed sharply lower Friday in active trading after Chancellor of the Exchequer Nigel Lawson's resignation slapped the market and Wall Street's rapid initial sell-off knocked it down. London shares were depressed initially by overnight losses in New York and by the drop in sterling after Mr. Lawson's resignation. | {
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By comparison, for the first nine months, Xerox earned $492 million, or $4.55 a share, on revenue of $12.97 billion. Earnings at Xerox's financial-services operations actually rose slightly, but that was largely because capital gains at Crum amp Forster offset Hurricane Hugo payments and the reserves set up to cover future payments. | {
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The United States had moved additional troops and a naval armada into the Gulf and said it would strike Iraq unless it gave the U.N. arms inspectors unfettered access to all potential weapons sites, including Saddam's palaces. Iraq had argued the presidential sites should be off limits as symbols of sovereignty. | {
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Last week Control Data reported third-quarter earnings of $9.8 million, or 23 cents a share, on revenue of $763 million. Through the first nine months, the company had a loss of $484 million, largely reflecting the closing of its supercomputer unit. | {
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But the pharmaceutical company said it "anticipates the long-term savings resulting from the plan's implementation will more than offset short-term costs." The program, available to Upjohn employees 55 years old or older, could increase an individual's retirement benefits 10% to 20%. | {
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There are disagreements among experts about how much pressure will be needed to make Saddam Hussein decide he's up against the wall and whether simple economic pressure will ever be enough. The biggest worry is that if he decides he needs a way out of his predicament but doesn't see a face-saving method, he could lash out in dangerous and unpredictable ways. | {
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Mr. Bush and his aides were leaning toward a military conclusion of the crisis even before the latest reports of Iraqi atrocities in Kuwait came to light. The president and his top aides tentatively decided on Feb. 11 that a ground war would be necessary. | {
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The plan still calls for LIN to combine its cellular telephone properties with BellSouth's and to spin off its broadcasting operations. But under new terms of the agreement, announced Friday, LIN holders would receive a special cash dividend of $42 a share, representing a payout of about $2.23 billion, shortly before the proposed merger. | {
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Farkas, an air force captain, was sent into space on board the Soyuz 36 on May 26, 1980. He spent six days aboard the Salyut 6 spacecraft with three Soviet astronauts, Valery Kubasov, Leonid Popov and Valery Riumin. | {
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Results for that quarter included a $30 million, or 40 cents a share, write-down associated with the consolidation of a facility. | {
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Net interest income for the third quarter declined to $35.6 million from $70.1 million a year ago. However, non-interest income rose to $23.5 million from $22 million. | {
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This move comes barely a month after Qantas suspended a number of services between Australia, Indonesia, Thailand and Malaysia in the wake of the Asian economic crisis. The airline has also cut all flights to South Korea. | {
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The minister denied the kingdom had notified notified any of its customers of any cutbacks in oil supply. Reports attributed to the Japanese foreign ministry said Saudi Arabia told U.S., European and Japanese oil companies of a 15-20 percent cutback in its oil supply in September. | {
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Nor do analysts expect the Sansui deal to touch off a fresh wave of foreign purchases. If the strong yen and the high stock prices of Japanese companies weren't deterrents enough, webs of cross-shareholdings between friendly Japanese companies and fiercely independent Japanese corporate attitudes repel most would-be acquirers. | {
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Noting that the company is offering to buy back $154.2 million in senior notes paying 12 3/4%, he said the response will help determine future debt-reduction efforts. The offer was automatically triggered by the recent sale of Control Data's Imprimis disk-drive business to Seagate Technology Inc. | {
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Uh, in addition, white power racist music has become uh quite popular in certain sectors. Uh, there are over fifty thousand CDs a year sold with uh lyrics that are quite uh unbelievable. | {
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Separately, Cilcorp said it plans to purchase as many as 1.4 million shares, or 10% of its common stock outstanding from time to time on the open market and through privately negotiated transactions. The company, which currently has 13.5 million common shares outstanding, said it has no specific plans for the shares. | {
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Integra, which owns and operates hotels, said that Hallwood Group Inc. has agreed to exercise any rights that aren't exercised by other shareholders. Hallwood, a Cleveland merchant bank, owns about 11% of Integra. | {
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German law requires parties to publish the name and address of anyone who donates more than 20,000 marks (dlrs 11,000). The anti-foreigner party said it wanted to protect the donor from possible attacks. | {
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Stocks rose, pushing the Dow Jones industrial average up 72.24 points, to 8,189.49, leaving the index within 70 points of its record high set on Aug. 6. In the bond market, a sensitive barometer of inflation anxiety, prices edged up, pushing down the yield on the benchmark 30-year Treasury bond to 5.92 percent from 5.93 percent. | {
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The directors didn't indicate the source of financing for Mr. Drabinsky's new proposal, but said MCA and the Bronfman associates agreed in principle to buy for $57 million and then lease back to Cineplex its 18-screen theater complex in Universal City, Calif., if Mr. Drabinsky succeeds in an offer. "This is being done at the suggestion of {Mr. Drabinsky} and to accommodate him, to facilitate his financing arrangements," Ms. Kolber said. | {
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In a statement, the White House said it would do "whatever is necessary" to ensure compliance with the sanctions. Other Bush administration officials said that the international naval force in the area -- consisting of American, British, French, Canadian, Soviet, German and Australian ships -- may be used both to stop oil exports from leaving Iraq and Kuwait and to stop shipments of food and other goods from going in. | {
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Sansui, he said, is a perfect fit for Polly Peck's electronics operations, which make televisions, videocassette recorders, microwaves and other products on an "original equipment maker" basis for sale under other companies' brand names. He said Polly Peck will greatly expand Sansui's product line, using Sansui's engineers to design the new products, and will move Sansui's production of most products other than sophisticated audio gear offshore into Polly Peck's own factories. | {
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In their joint statement issued after the talks, Yeltsin and Kuchma called for the fastest possible ratification of the treaty, saying it would create a ``strong legal foundation'' for bilateral ties and help stability in Europe. Kuchma assured Yeltsin that Ukraine would not join NATO, Yeltsin's spokesman Sergei Yastrzhembsky said, according to the Interfax news agency. | {
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This quarter's loss includes pretax charges of $4.9 million on the proposed discontinuation of the company's troubled British subsidiary, and $3.7 million of other write-offs the company said were non-recurring and principally related to inventory, publishing advances and pre-publication costs. The publishing concern said it retained the investment banking firm of Donaldson, Lufkin amp Jenrette Securities Inc. to act as its financial adviser, assisting in the evaluation of various financial and strategic alternatives, including debt refinancing, raising capital, recapitalization, a merger or sale of the company. | {
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Westinghouse also expects its international sales to soon grow to 25% of total corporate sales from 20% last year. The company is negotiating with the Soviets to build a Thermo King truck-refrigeration plant that would produce about 10,000 units annually. | {
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More recently it has followed the growth of the militia movement and church groups that preach a message of white supremacy and anti-semitism. The new study written by Mark Potach, who edits the Southern Poverty Law Center's Intelligence Report, warns that such groups grew rapidly last year, mostly by recruiting younger members. | {
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On the Toronto Stock Exchange, Cineplex closed at C$12.875, off 37.5 Canadian cents, well below the C$16.40 level. "Where's the bid?" | {
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In another mediation effort, the Soviet Union said today it had sent an envoy to the Middle East on a series of stops to include Baghdad. Soviet officials also said Soviet women, children and invalids would be allowed to leave Iraq. | {
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For the first time in history, the U.S. has gone to war with an Arab and Muslim nation, and we know a peaceful solution was in reach." --- Geraldine Brooks in Amman, Jordan, and Craig Forman in Cairo, Egypt, contributed to this article. | {
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Poughkeepsie Savings Bank said a plan to sell its South Carolina branch offices to First Citizens Bank, of Columbia, S.C., fell through. Poughkeepsie also expects to post a one-time charge of $8.3 million, resulting in a net loss for the third quarter. | {
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Colonel Collins has been the co-pilot before, but this time she's the boss. Here's ABC's Ned Potter. | {
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Yeltsin and Kuchma also called for developing the stagnant relations between the members of the Commonwealth of Independent States, a loose coalition of former Soviet republics. In the past, Russia has often claimed that Ukraine was undermining efforts at closer cooperation within the CIS. | {
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U.S. Marines were said to have breached troublesome mine fields along the Iraqi lines but Pentagon officials said no amphibious assault on Kuwait's beaches had begun. Long columns of Iraqi prisoners of war could be seen trudging through the desert toward the allied rear. | {
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Southern's Gulf Power unit may plead guilty this week to charges it illegally steered company money to politicians through third parties. The tentative pact would resolve part of a broad investigation of the Atlanta-based company in the past year. | {
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A total of about 3,000 Americans, 3,000 Britons and more than 450 Japanese are in Iraq and Kuwait. Overall, more than 2 million foreigners are in both countries. | {
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One of the scenarios widely advanced before the visit is that through the Pope, Cuba, still led by Castro, can begin a more productive relationship with the world. That will, in turn, bring pressure on Washington to change. | {
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And the weakness of the Asian economies is also likely to lead to decreased demand for American exports. ``The economy has been running on the fumes of the strength from before the Asia shock,'' McCulley said. | {
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Ralston Purina Co. reported a 47% decline in fourth-quarter earnings, reflecting restructuring costs as well as a more difficult pet food market. The St. Louis company earned $45.2 million, or 65 cents a share, compared with $84.9 million, or $1.24 a share, a year earlier. | {
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Norwood is controlled by Daniel L. Barnett and Paul A. Reese, both officers of Boston-based Oasis Capital Management Inc., a small Boston money management firm. Also involved in the group is Robert F. Angelo, formerly Phoenix's senior vice president, field operations, who left Phoenix at the beginning of October. | {
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Among high school graduates, the rate was 3.9 percent, and college graduates, 1.9 percent. | {
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"Over the next couple of years we would not be surprised to see Europe and international {sales} represent 50% of the company's revenues," he said. During the third quarter, Compaq purchased a former Wang Laboratories manufacturing facility in Stirling, Scotland, which will be used for international service and repair operations. | {
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Gen. Nhek Bunchhay, a loyalist of ousted Cambodian Prime Minister Prince Norodom Ranariddh, said in an interview with The Associated Press at his hilltop headquarters that he hopes to recover the remains of Christopher Howes within the next two weeks. Howes had been working for the Britain-based Mines Advisory Group when he was abducted with his Cambodian interpreter Houn Hourth in March 1996. | {
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It remains to be seen how much damage the allied air campaign was able to inflict on the Guard, and whether President Hussein will commit his most valued troops to a fight-to-the-death finish. Certainly Saddam Hussein continues to implore his country to fight on. | {
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Whether this would prove positive or otherwise towards society in the future is yet to be seen. All in all, the Internet has a lot to offer. | {
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But it has offended some, especially in Arab countries, who now believe that Mr. Bush's real objectives are the demise of Saddam Hussein and the destruction of the Iraqi military, not just the liberation of Kuwait. "Why have a war?" | {
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Qantas' India manager Khursheed Lam said the airline was working closely with the Australian Tourist Commission to develop greater awareness of Australia in the Indian market. Qantas will also appoint a Bombay-based public relations consultant. | {
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It's followed by Stroh Brewery Co., which has agreed to sell its assets to Coors. Both Coors and Stroh have recently been ceding market share to Miller and Anheuser. | {
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The proposal also called for replacing American and other Western troops in Saudi Arabia with Arab forces. The Bush administration immediately said it "categorically " rejects the proposals. | {
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The men appeared in the store at 469 Vermont St. in Brownsville around 7:15 p.m., after the victim, Linda Sanders, 35, had finished her cleaning and was waiting for her clothes to dry, detectives said. ``It looks as though they panicked,'' a detective, speaking on condition of anonymity, said of the robbers. | {
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In a first step, Dresdner Bank will buy 32.99% of BIP for 1,015 French francs ($162) a share, or 528 million francs ($84.7 million). Dresdner Bank said it will also buy all shares tendered by shareholders on the Paris Stock Exchange at the same price from today through Nov. 17. | {
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``Small nationalist communities are not going to be left on their own this summer,'' said Gerard Rice, a former IRA prisoner who leads anti-Orange protests in a Catholic neighborhood of south Belfast. Riot police in armored cars, shields and helmets prevented a few hundred Protestants, many waving British and Ulster flags, from interfering with the Catholics as they marched within Portadown's few Catholic streets. | {
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The unit makes intravenous pumps used by hospitals and had more than $110 million in sales last year, according to Advanced Medical. | {
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The second possibility would be to start a fight with Israel, in hopes that all Arabs would have to move behind Iraq in a fight against their common Israeli enemy. In such an event, Saddam Hussein also might calculate, the Saudis would be under pressure to kick out U.S. troops because of America's close ties with Israel. | {
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In a joint statement with Tourism Minister Andrew Thomson, it said two new flights would leave Bombay on Monday and Tuesday nights from March 30, with the third departing each Thursday from August 6. This will add nearly 700 seats a week on the route. | {
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And while there was no profit this year from discontinued operations, last year they contributed #34 million, before tax. Pretax profit fell 3.7% to #128 million from #133 million and was below analysts' expectations of #130 million to #135 million, but shares rose 6 pence to 388 pence in early trading yesterday in London. | {
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As the death toll in Lebanon has mounted, the Israeli government has been faced with a growing grassroots movement calling for Israel's unilateral withdrawal from Lebanon. Since 1985 _ when the Israelis created a security buffer zone southern Lebanon _ nearly 200 Israeli soldiers have been killed fighting Hezbollah and other guerrillas. | {
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For the nine months, the company reported a net loss of $608,413, or 39 cents a share, compared with year-earlier net income of $967,809, or 62 cents a share. Sales rose to $9.8 million from $8.9 million. | {
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Dataproducts Inc. said it filed a lawsuit in Delaware Chancery Court to block a tender offer by DPC Acquisition Partners, alleging that the hostile offer violates a standstill agreement between the two concerns. DPC, an investor group led by New York-based Crescott Investment Associates, had itself filed a suit in state court in Los Angeles seeking to nullify the agreement. | {
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Jerry Steinman, publisher of Beer Marketers Insights, a trade newsletter, said Anheuser's announcement means "everybody else in the industry is going to have a difficult time reaching their profit objectives." Prudential-Bache Securities Inc. analyst George E. Thompson downplayed the importance of the announcement, and called any comparison between the coming beer-industry tiff and the seemingly unending "cola wars," unwarranted. | {
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"The non-food operations were largely Mr. Lortie's creation {and} his strategy didn't work," said Steven Holt, a financial analyst with Midland Doherty Ltd. Provigo's profit record over the past two years tarnished the company's and Mr. Lortie's reputations. | {
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A senior law enforcement source tells CNN, there is a lot of circumstantial evidence and it would be extraordinary to have all these bits and pieces and there not be a connection. And law enforcement sources say they can't ignore letters penned under the name army of god. | {
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One senior official Monday described the White House as "a collection of small groups of aides holding their breaths, "waiting to see whether Sununu survives. One GOP source, reporting on a call from the chief of staff to a Republican leader, said Sununu lamented that "the noose is tightening around my neck, and I need your help . | {
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During the third quarter, Compaq purchased a former Wang Laboratories manufacturing facility in Stirling, Scotland, which will be used for international service and repair operations. Mr. Swavely said the new space will allow Compaq to increase the manufacturing capacity of its plant in Erskine, Scotland. | {
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Meanwhile in the capital, Ankara, a few hundred ethnic Albanians laid a black wreath at the gate of Yugoslavian embassy. Ethnic Albanians comprise 90 percent of the population in Kosovo, but Serbs maintain control through a large military and police presence. | {
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Israel has publicly declared that it will respond to an Iraqi attack on Jordan because it won't allow Iraq's dangerous army to take control of Jordan's long border with Israel. Iraq's third attack option would be to start an undeclared war on the U.S. and other Western nations through terrorism. | {
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Thai military officials who monitor Cambodian affairs said privately Thursday that Britain, through its embassies in Thailand and Cambodia, has been pushing hard to resolve the Howes case as the second anniversary of his abduction nears. Nhek Bunchhay, who had been closely involved in the search for Howes before having to flee the Cambodian capital after a coup d'etat last year, appeared confident he would find Howes' remains. | {
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While competitors moved production offshore in response to the sagging competitiveness of Japanese factories, Sansui lacked the money to build new plants in Southeast Asia. "Our company has not been able to cope very effectively with" changes in the marketplace, said Ryosuke Ito, Sansui's president. | {
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Saddam appeared to accept a border demarcation treaty he had rejected in peace talks following the August 1988 cease-fire of the eight-year war with Iran. The move seemed aimed at heading off more trouble with Iran, which had condemned Iraq's invasion of Kuwait on Aug. 2 but also criticized the multinational force dispatched to Saudi Arabia. | {
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Control Data recently announced an agreement with MIPS Computer Systems Inc. to jointly develop machines with simplified operating software. James E. Ousley, computer products group president, said such arrangements could help slash Control Data's computer research and development costs in half by the end of 1990. | {
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There was a suspicion the body was Blassie because his uniform and ID card were found near the body in Vietnam. But subsequently, they were lost. | {
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Spokesman Yuri Gremitskikh said the first group of 230 evacuees was assembling in Baghdad today, but evacuation plans were hampered by desert heat and lack of transportation. Nearly 9,000 Soviets were among the hundreds of thousands of foreigners trapped in Iraq and Kuwait. | {
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Under terms of the new proposal, Equus, managed by Equus Capital Corp., Houston, would pay $12 cash and one new preferred share with a liquidation preference of $1.65 a share for each of Tony Lama's 2.1 million shares outstanding. Previously, it offered $13.65 a share in cash, or $29 million. | {
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LIN said it expects to borrow the money to pay the dividend, but commitments from banks still haven't been obtained. Under previous terms, holders would have received a dividend of only $20 a share. | {
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In national over-the-counter trading, LIN shares soared $4.625 to closed at $112.625, while McCaw fell $2.50 a share to $37.75. The proposed BellSouth-LIN cellular company, including the newly acquired Metromedia stake, would give the new entity 55 million potential customers, including about 35 million in the nation's top 10 markets. | {
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Passenger traffic jumped 14% in the quarter, while profit per passenger grew 2%. Delta has benefited more than other carriers from the weakness of Eastern Airlines, which shares the Atlanta hub. | {
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In January this year, British police officers who had been searching for Howes concluded he had probably been killed soon after being captured. The Foreign Office said it had informed the family of Howes, 37 years old when he was kidnapped, that he probably died within weeks or months of his capture on March 26, 1996. | {
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Last week, Hezbollah fighters killed three Israeli soldiers and seriously wounded six others. The Israelis suffered a record 39 deaths in southern Lebanon last year. | {
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CANBERRA, Australia (AP)_ Qantas will almost double its flights between Australia and India by August in the search for new markets untouched by the crippling Asian financial crisis. This move comes barely a month after Qantas suspended a number of services between Australia, Indonesia, Thailand and Malaysia in the wake of the Asian economic crisis. | {
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Usually when a Japanese company is ready to sell, it has few alternatives remaining, and the grim demeanors of Sansui's directors at a joint news conference here left little doubt that this was not the company's finest hour. Sansui was once one of Japan's premier makers of expensive, high-quality stereo gear for audiophiles. | {
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