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Date: 09 October 2002
By Bloomberg News
Bloomberg News
News Corp chief executive Rupert Murdoch says company, which last year had biggest loss in Australian history, can achieve operating profit growth of at least 10 percent this fiscal year (S)
Date: 08 October 2002
By Felicity Barringer
Felicity Barringer
Spokesman says Repr Dick Armey, House majority leader, was acting in best interest of his constituents when he tried to promote bill that would force Belo Corp, parent company of Dallas Morning News, to divest one of its three media properties in Dallas-Forth Worth area; rider was not attached after objections by Rep Chet Edwards; Armey was quoted earlier in year as claiming Morning News had 'vendetta' against him that it was taking out on his son, Scott Armey, during son's unsuccessful primary campaign to win Republican nomination for his father's seat, which he lost (M)
Date: 09 October 2002
By Seth Schiesel
Seth Schiesel
Gemstar-TV Guide International chief executive Henry C Yuen and chief financial officer Elsie M Leung will resign; decision represents victory for Rupert Murdoch's News Corp, which is Gemstar's biggest shareholder, with stake of about 43 percent; News Corp has been trying to oust Yuen and Leung; Gemstar will pay Yuen about $22 million and Leung about $7 million to essentially terminate their employment contracts; two executives will exchange total of roughly 20 million stock options for about 8 million restricted shares and about 9 million new options; Yuen will remain company's nonexecutive chairman; Leung will remain director through at least next year; Yuen is to be succeeded as chief executive by by Jeff Shell, former News Corp executive; Leung will be succeeded on interim basis as chief financial officer by Paul Haggerty, currently News Corp's executive vice president; Yuen has agreed to give company all of many interactive television patents he holds personally, and to give Gemstar right to acquire all television-related inventions he may develop over next seven years (M)
Date: 09 October 2002
By Jim Rutenberg
Jim Rutenberg
Combined audience of nearly 17 million people watched Pres Bush's televised speech on Iraq, even though it was not carried by ABC, CBS or NBC (S)
Date: 09 October 2002
By Adam Liptak and Robert Hanley
Adam Liptak
Federal appeals court in Philadelphia upholds Bush administration policy of holding hundreds of deportation hearings in secret based on Justice Department assertion that opening hearings would compromise national security by releasing information that could aid terrorists; decision conflicts with one from Cincinnati appeals court, making Supreme Court ruling likely; two-to-one ruling reverses lower court order in Newark to open all hearings unless government shows on case-by-case basis that secrecy is needed (M)
Date: 09 October 2002
By Murray Chass
Murray Chass
Murray Chass On Baseball column discusses St Louis Cardinals manager Tony La Russa, who describes his strategy for facing San Francisco Giants and Barry Bonds in National League Championship Series for media; photo (M)
Date: 09 October 2002
By Lawrence Van Gelder
Lawrence Gelder
Footlights column: Nearly 100 watercolors by Civil War map maker and artist Robert Knox Sneden are on view at New York State Museum in Albany; readings and song will help celebrate 105th anniversary of Yiddish-language daily The Forward at Eldridge Street Synagogue on Lower East Side; Symphony Space will celebrate 10th anniversary of Poetry in Motion program that has presented poems on subways and buses since 1992 with readings by Sandra Cisneros and other poets; Smithsonian Folkways Recordings and Center for Traditional Music and Dance, celebrating relese of second CD devoted to New York City's music, will present traditional and contemporary songs from Mande culture of Mali, Guinea and Gambia at Joe's Pub; photo (M)
Date: 09 October 2002
By Bloomberg News
Bloomberg News
Putnam Investments hires Charles E Haldeman Jr, chief executive of Lincoln National Corp's money management business, to become its co-head of investments; will share his new role with Steve Oristaglio (S)
Date: 09 October 2002
By Bloomberg News
Bloomberg News
Raytheon Co plans to lay off about 500 workers in Massachusetts and California to adjust for loss of satellite contract and to improve organization (S)
Date: 09 October 2002
By Bloomberg News
Bloomberg News
SBC Communications, local-telephone service provider for Midwest and West, says its profit per share wil be at low end of range it previously forecast for this year as it loses customers to rivals (S)