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Date: 05 October 2000
By Bloomberg News
Bloomberg News
GigaMedia Ltd, one of Taiwan's largest Internet service providers, and Satellite Television Asia Region Ltd, unit of News Corp, will invest more than $100 million in new venture that will enable Taiwan's 4.8 million cable subscribers to order goods and services through their television sets; venture is blow to Pacific Century CyberWorks Ltd, Asia's No. 2 Internet company (S)
Date: 06 October 2000
By Geraldine Fabrikant
Geraldine Fabrikant
News Corp says Lachlan Murdoch, oldest son of company's chairman, Rupert Murdoch, has been named deputy chief operating officer, No. 3 position in company (S)
Date: 06 October 2000
By Andrew Ross Sorkin and Felicity Barringer
Andrew Sorkin
Some executives at The Salt Lake City Tribune, largest newspaper in Utah without a connection to Mormon Church, fear for newspaper's independence as Deseret News, rival paper owned by Church of Jesus Christ of Latter-day Saints, enters talks with AT&T, Tribune's owner, on buying AT&T's 50 percent stake in joint venture that manages advertising, printing and distribution operations for both papers; believe Deseret News may be looking for backdoor way to exercise control over material Mormon Church leaders may consider offensive; Sen Orrin Hatch becomes tangentially involved in dispute when Deseret News seeks his advice on antitrust implications of their plans (M)
Date: 05 October 2000
By Jayson Blair
Jayson Blair
New York Post, which is in midst of heated price competition with The Daily News, has disciplined one of its pressmen for 'his role in fomenting the deliberate slowdown of operations,' (S)
Date: 06 October 2000
By Steven Erlanger
Steven Erlanger
Vast throngs of Serbs, as federal Parliament burns and tear gas wafts through chaotic streets, wrest their capital and key levers of power away from Slobodan Milosevic, bringing his 13-year reign to edge of collapse; Vojislav Kostunica, opposition leader who claimed victory in presidential election on Sept 24, moves through an ecstatic crowd of several hundred thousand and proclaims victory; crowd shouts Kostunica's name; is delighted by apparent fall of Milosevic; whereabouts of Milosevic and his family are unknown, though he is believed to be in Serbia; two main pillars of his regime, state news media and police, are gone; but though the army stays out of fray, chiefs of security forces have yet to formally shift their allegiance to Kostunica, and Milosevic has not relinquished power; photos (L)
Date: 05 October 2000
By Bloomberg News
Bloomberg News
Tyco International Ltd acquires medical device maker InnerDyne Inc for about $180 million in stock (S)
Date: 05 October 2000
By Bloomberg News
Bloomberg News
Aspect Medical Systems Inc, maker of anesthesia-monitoring device, says it will report third-quarter revenue that will be significantly below analysts' estimates, resulting in loss for period (S)
Date: 06 October 2000
By Bloomberg News
Bloomberg News
Ugly Duckling Corp, used-car dealer that sells to people with troubled credit histories, says Ernest C Garcia, its chairman and principal shareholder, has offered about $63.8 million to buy all shares outstanding he does not already own (S)
Date: 06 October 2000
By Bloomberg News
Bloomberg News
Shares of Meridian Insurance Group rise 28 percent after it says it is considering ways to increase shareholder value; Meridian, which has been fending off hostile takeover from American Union Insurance Co and its chairman, Gregory M Shepard, says it has hired A G Edwards & Sons to advise it (S)
Date: 06 October 2000
By Bloomberg News
Bloomberg News
Baxter International wins Food and Drug Administration approval to expand production of its blood-clotting drug to treat hemophilia; demand for treatment, known as recombinant Factor VIII, has almost doubled in last five years (S)