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Date: 28 June 2000
By Jim Rutenberg
Jim Rutenberg
Twenty-four hour cable news competition continues to close in on CNN, once only national all-news network; ratings figures show CNBC was watched in more homes per day than CNN, Apr-June, for first quarter ever; CNN also faces increased competition from Fox News Channel, whose household audience grew by 20 percent in year, while CNN's fell by 35 percent (M)
Date: 29 June 2000
Tameeka Mitchem is editor in chief Harlem Live, a nonprofit Web site produced by teenagers that publishes news and features concerning Harlem, mostly on its community-based organizations; photo (S)
Date: 28 June 2000
By Sabrina Tavernise
Sabrina Tavernise
Media-Most, Russia's biggest independent media conglomerate, says major international investor might buy stake in company, which could help alleviate pressure on it just weeks after its offices were searched and its owner, Vladimir A Gusinsky, was temporarily detained by prosecutors on embezzlement charges; investor, who is not identified, has expressed interest in buying $211.6 million debt Media-Most owes to Gazprom, country's natural gas company; photo (S)
Date: 28 June 2000
By Bloomberg News
Bloomberg News
Pinnacle Global Group agrees to buy Blackford Securities Corp for undisclosed amount of cash and stock (S)
Date: 29 June 2000
By Bloomberg News
Bloomberg News
The Veritas Capital Fund, an investment fund with holdings that include Integrated Defense Technologies Inc., agreed to buy the Tech-Sym Corporation for $182 million. The closely held Veritas Capital said it would acquire Tech-Sym, a Houston electronics company, through Integrated Defense for $30 a share in cash. The purchase was announced after the close of trading Tuesday. Tech-Sym shares rose $4.1875, to $28.3125 each, in New York Stock Exchange trading yesterday. Tech-Sym's holdings include the Metric Systems Corporation, a maker of airborne training systems and shipboard electronics; Trak Communications Inc., a maker of components for wireless telecommunications; and the Continental Electronics Corporation, a maker of radio transmitters.
Date: 29 June 2000
By Bloomberg News
Bloomberg News
Bank of America Corp buys half of Marsico Capital Management it does not already own; pays $1.1 billion for all of Marsico, money manager based in Denver; purchase price includes $150 million that Bank of America and its predecessor, NationsBank Corp, paid for options in 1997 and 1998 to buy half of Marsico (S)
Date: 29 June 2000
By Bloomberg News
Bloomberg News
California Public Employee's Retirement System says it leads group of investors that agreed to pay $223 million for unit of British American Tobacco that develops residential communities in US; Calpers put up 90 percent of purchase price for Genstar Land Co and its partners, Newland Communities and Institutional Housing Partners, put up the rest (S)
Date: 29 June 2000
By Bloomberg News
Bloomberg News
Sealed Air Corp, protective packaging maker and inventor of bubble-wrap plastic, agrees to buy Dolpin Packaging for 79 million pounds ($119 million) in cash to bolster its product line and better serve its European customers (S)
Date: 29 June 2000
By Bloomberg News
Bloomberg News
Mattson Technology Inc, semiconductor-equipment maker, agrees to buy CFM Technologies Inc and unit of Steag Electronic Systems for about $630 million in stock (S)
Date: 29 June 2000
By Bloomberg News
Bloomberg News
Conexant Systems Inc, one of biggest makers of chips for communications equipment, agrees to buy HotRail Inc for about $394 million in stock to add products for sending data on computer networks (S)