Washington Post Co.'s On-Line Venture
Date: 22 May 1997
Washington Post Co will team with Citysearch Inc to develop new site on World Wide Web for Washington, DC, area news and information; new site will be owned and administered by the Post company's electronic media subsidiary, Digital Ink Co, while Citysearch will contribute technological expertise (S)
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Best-Selling Trash
Date: 22 May 1997
By Frank Rich
Frank Rich
Frank Rich Op-Ed column deplores heavy media reporting of unsubstantiated charges against Pres Clinton in Gary Aldrich's book Unlimited Access (M)
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Palestinians Detain Reporter Who Is Said to Have Irked Arafat
Date: 22 May 1997
By Serge Schmemann
Serge Schmemann
Palestinian police are holding without charges Palestinian journalist Daoud Kuttab, who irked Yasir Arafat with live television broadcasts of Palestinian Legislative Council meetings; council members have scored Palestinian Authority and Arafat over alleged corruption and misuse of official funds (M)
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MCCORMICK SAYS IT IS UNDER INVESTIGATION BY F.T.C.
Date: 23 May 1997
By Bloomberg News
Bloomberg News
McCormick & Co says it is under investigation by Federal Trade Commission over how it sells its spices to retailers; McCormick says commission is looking into whether its use of exclusivity clauses in certain contracts with retailers violates antitrust laws by stifling competition (S)
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PNC BANK ENDS MERGER NEGOTIATIONS WITH OPPENHEIMER
Date: 22 May 1997
By Bloomberg News
Bloomberg News
PNC Bank Corp ends talks to buy Oppenheimer & Co (S)
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POLO RALPH LAUREN PLANS TO OFFER 30% STAKE TO PUBLIC
Date: 22 May 1997
By Bloomberg News
Bloomberg News
Polo Ralph Lauren Corp, its founder and other shareholders plan to sell 29.5 million shares at $22 to $25 each in initial public offering that values company at as much as $2.46 billion (S)
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ANHEUSER-BUSCH TO INCREASE STAKE IN MEXICAN BREWER
Date: 23 May 1997
By Bloomberg News
Bloomberg News
Anheuser-Busch Companies agrees to pay $605 million to increase its stake in Grupo Modelo SA, brewer that makes Corona beer, ending disagreement about the price and paving the way for it to gain control of the company (S)
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ZIONS BANCORPORATION TO BUY SUN STATE CAPITAL
Date: 23 May 1997
By Bloomberg News
Bloomberg News
Zions Bancorporation agrees to buy Sun State Capital Corp for about $37 million, a move that strengthens its presence in Nevada (S)
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CHAPARRAL STEEL STOCK UP 15% AFTER UNSOLICITED OFFER
Date: 23 May 1997
By Bloomberg News
Bloomberg News
Shares of Chaparral Steel Co rise 15 percent after company receives unsolicited offer from Texas Industries to buy 15 percent of stock it does not already own; Texas Industries offers $60.7 million (S)
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DU PONT TO SELL GRAPHICS AND PRINTING-PLATE BUSINESSES
Date: 23 May 1997
By Bloomberg News
Bloomberg News
E I du Pont de Nemours & Co agrees to sell its graphics film and offset-printing plates businesses to Bayer AG's Agfa-Gevaert; financial terms not disclosed (S)
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