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Date: 13 August 1998
By Bloomberg News
Bloomberg News
News Corp says its fourth-quarter earnings more than doubled; net income in quarter ended June 30 rose to $429 million (Australian), or $253 million (US), before one-time items, compared with $188 million in quarter a year earlier; profit rose to record $1.8 billion, compared with $1.3 billion in 1997; sales in year rose 32 percent, to $18.9 billion (S)
Date: 12 August 1998
By Felicity Barringer
Felicity Barringer
Boston Globe editor Matthew V Storin says he will no longer demand resignation of popular columnist Mike Barnicle for using jokes in Aug 2 column that paralleled writings of comedian George Carlin; says he has imposed two-month suspension instead (M)
Date: 13 August 1998
By Felicity Barringer
Felicity Barringer
At least 50 people on Boston Globe news staff sign petition scoring reprieve given columnist Mike Barnicle, who nearly lost job over column that paralleled work of comedian George Carlin; present petition to editor Matthew V Storin and publisher Benjamin B Taylor; staff members laud Storin's decision to have Walter V Robinson edit Barnicle's future columns (M)
Date: 13 August 1998
By Howell Raines
Howell Raines
Howell Raines Editorial Observer column holds Boston Globe's decision not to dismiss star columnist Mike Barnicle, while understandable as matter of loyalty, public relations and readership, undermines trust; contrasts Globe's pardoning of Barnicle with its earlier dismissal of Patricia Smith, black columnist who admitted making up people and quotes; holds Barnicle presented unattributed jokes similar to those in book by George Carlin as original writing (M)
Date: 13 August 1998
By Bloomberg News
Bloomberg News
Calenergy Co will buy MidAmerican Energy Holdings Co for $2.6 billion in cash, first time independent power producer has purchased utility in this country; Calenergy will also assume $1.4 billion of MidAmerica's debt and preferred stock (S)
Date: 13 August 1998
By Bloomberg News
Bloomberg News
Lamar Advertising Co will acquire Outdoor Communications Inc for $280 million in cash and will assume $105 million of Outdoor's debt (S)
Date: 12 August 1998
By Bloomberg News
Bloomberg News
Aviation Sales Co to acquire Triad International Maintenance Co from Primark Corp for about $70 million in cash (S)
Date: 12 August 1998
By Bloomberg News
Bloomberg News
Nabisco Holdings Corp will close its Pittsburgh cracker factory, dismissing 350 workers (S)
Date: 12 August 1998
By Bloomberg News
Bloomberg News
Sports Authority Inc rejects bid of $445.2 million by Gart Sports Co to buy majority stake and says it might shelve its agreement with Venator Group Inc as well (S)
Date: 13 August 1998
By Bloomberg News
Bloomberg News
Pepsico Inc will buy remaining 80 percent of one of its largest US bottlers; terms for Pepsi-Cola Allied Bottlers Inc, based in Albany, NY, are not disclosed; company is considering converting sizable stake in its bottling operations to public ownership (S)