News Corp. Plans Hundreds of Layoffs at Web Sites
Date: 05 January 2001
By Jayson Blair
Jayson Blair
News Corporation announces plan to lay off several hundred workers from Web sites; jobs will be cut or lost through attrition at New York and Los Angeles offices of FoxNews.com, FoxSports.com and Fox.com site; object of restructuring is to shift production and news-gathering operations back to operating organzations in hope that new arrangement will improve Internet sites through better coordination with television divisions, streamlining effort and providing substantial savings; photo (M)
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He Told Us the News, but He Tells No Tales
Date: 05 January 2001
By Joyce Wadler
Joyce Wadler
Profile of WABC-TV's Eyewitness News anchor Bill Beutel, who is retiring; photo (M)
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Chairman Is Selected For Fox TV
Date: 04 January 2001
By Bill Carter
Bill Carter
News Corp names Brian C Mulligan chairman of Fox Television division, succeeding Chase Carey, who has become presdient of News Corp's Sky Global Networks (S)
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The Battle for Czech TV
Date: 05 January 2001
Editorial says Prague's state television station is site of political struggle that underscores not only media's importance in former Communist nations but also dangers of coziness between politicians and press; notes that Czech Parliament is rushing to pass law that would create new television council free of links to political parties; says this would be valuable reform, one that Czech Republic should carry over into other aspects of society
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PARK PLACE SHARES FALL 16% ON NEWS OF WEAKER PROFIT
Date: 05 January 2001
By Bloomberg News
Bloomberg News
Park Place Entertainment, world's largest casino operator, says that, on operating basis, it will break even in fourth quarter because of lower casino winnings in Las Vegas and poor weather in other markets (S)
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NORTHPOINT COMMUNICATIONS IN TROUBLE, LAWYER SAYS
Date: 04 January 2001
By Bloomberg News
Bloomberg News
NorthPoint Communications Group lawyer says it NorthPoint is on 'brink of disaster' because Verizon Communications abruptly called off November agreement to acquire it; asks California state court to let NorthPoint proceed with lawsuit that seeks more than $1 billion in damages from Verizon or court order that merger be completed (S)
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DIAL AND HENKEL END THEIR JOINT VENTURE IN MEXICO
Date: 04 January 2001
By Bloomberg News
Bloomberg News
Dial Corp, maker of Dial soap and other products, ends joint venture in Mexico with Henkel of Germany; sells its interest in Mexico partnership to Henkel for $18.9 million (S)
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SCHERING SUES IMPAX TO STOP GENERIC CLARITIN
Date: 04 January 2001
By Bloomberg News
Bloomberg News
Schering unit of Schering-Plough Corp sues Impax Laboratories over Impax's application to market generic allergy drug similar to one version of Schering's best-selling Claritin; Impax applied to Food and Drug Administration in November for permission to market tablets combining loratadine and pseudoephedrine sulfate in formulation that Schering says closely matches that of its Claritin-D 24-Hour Extended Relief tablets (S)
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OFFICE DEPOT TO CLOSE STORES AND CUT JOBS
Date: 04 January 2001
By Bloomberg News
Bloomberg News
Office Depot Inc, top American retailer of office supplies, plans to close 70 stores in 18 states and Canada, eliminate 1,590 jobs and take fourth-quarter pretax charge of $300 million related to cutbacks; chief executive Bruce Nelson says company expanded too aggressively to compete with rivals like OfficeMax and Staples and that some markets have become saturated; will invest $110 million to spruce up some of its 818 surviving stores in North America and install new inventory-tracking systems at warehouses (S)
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OGDEN RAISES EARNINGS ESTIMATES AND SELLS A UNIT
Date: 04 January 2001
By Bloomberg News
Bloomberg News
Ogden Corp completes sale of its aviation services units to Latsus Group for $27.5 million; expects earnings in 2001 and 2002 to exceed previous forecasts because of high prices for pwoer in California; says it earned more than $100 million in 2000, $5 million more than forecast and $20 million more than in quarter a year earlier (S)
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