Το 26 Αυγούστου 1997 ήταν Τρίτη κάτω από το σύμβολο του αστεριού του ♍. Ήταν η 237 ημέρα του χρόνου. Πρόεδρος των Ηνωμένων Πολιτειών ήταν ο William J. (Bill) Clinton.
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Date: 27 August 1997
By Bloomberg News
Bloomberg News
Independent Newspapers Ltd, which is 49.5 percent-owned by News Corp, headed by Rupert Murdoch, says it will buy 48 percent stake in New Zealand's largest pay-television operator, Sky Network Television Ltd, for $199 million; Independent Newspapers will buy 51.13 percent stake held by HKP Partners; it will sell 3.13 percent to Sky's other shareholders (S)
Date: 26 August 1997
By David W. Chen
David Chen
Cable News Network plans to double number of television monitors broadcasting its CNN Airport Network inside New York area's three major airports by end of Aug (S)
Date: 27 August 1997
By Julia Preston
Julia Preston
Juan Francisco Ealy Ortiz, publisher of Mexico City daily El Universal, is convicted of tax fraud, but jail sentence is commuted to small fine; Pres Ernest Zedillo brought case to show he was serious about cutting off informal privileges and subsidies extended to press in exchange for press support for Government; Ealy Ortiz responded by transforming pro-Government paper into feisty critical broadsheet (M)
Date: 27 August 1997
By Gustavo Gorriti
Gustavo Gorriti
Op-Ed article by Gustavo Gorriti, Panamanian newspaper aide, who resists expulsion from Panama for in-depth reporting of business dealings of cousin of Pres Ernesto Perez Balladares; recalls his earlier expulsion from his native Peru for reporting that angered Pres Alberto Fujimori; holds independent press has key role to play in cosmetic democracies of Latin America, where privatization has spurred government corruption exponentially; drawing (M)
Date: 27 August 1997
By Bloomberg News
Bloomberg News
Savannah Foods and Industries receives buyout offer of $18.75 in cash and stock from Imperial Holly Corp, a 24 percent premium over Savannah's closing share price; buyout is valued at about $497 million (S)
Date: 27 August 1997
By Bloomberg News
Bloomberg News
Learning Co, troubled software concern based in Cambridge, Mass, will retire $150 million in debt by issuing preferred stock to Thomas H Lee Companies, Bain Capital Inc and Centre Partners Management LLC (S)
Date: 27 August 1997
By Bloomberg News
Bloomberg News
Medpartners Inc agrees to sell its European and Canadian home-care operations to Fresenius AG; terms undisclosed (S)
Date: 26 August 1997
By Bloomberg News
Bloomberg News
National City Corp of Cleveland plans to close or reorganize 200 of its 750 full-service branches in next three years as it weeds out its least profitable offices; bank expects to close or sell 30 offices (S)
Date: 27 August 1997
By Bloomberg News
Bloomberg News
Melamine Chemicals Inc is looking for offer that beats Ashland Inc's sweetened bid of $61.7 million for 77 percent of Melamine it does not already own (S)
Date: 27 August 1997
By Bloomberg News
Bloomberg News
Sara Lee Corp will shut down its Mark Cross leather-goods business and unit's seven stores by February after failing to find a buyer for the business (S)