Knight Ridder/Tribune Business News back issues from Tuesday, February 23:
Aberdeen American News, S.D., Regional Briefs Column.
Feb 23, 1999; ... Knight Ridder/Tribune Business News Feb. 24 -- LAWLER, DENNERT DIFFER ON BOND ISSUE LEGISLATION: Aberdeen Sen. Jim Lawler, who had been undecided on a bill to require a 60 percent majority to pass all bond issues, voted against the bill Monday on the Senate floor. ...
South Carolina Security Salesmen Use Crime Records to Find Target Area.
Feb 23, 1999; ... Knight Ridder/Tribune Business News Feb. 22 -- It was a routine incident report. Richmond County Deputy Susie Gilmore drove to the Butler Creek community to investigate a burglary, her pen and paper in hand. She needed all the particulars from victim Janet Noble: ...
SEC Investigates Akron, Ohio-Based Communications Devices Maker Telxon.
Feb 23, 1999; ... Knight Ridder/Tribune Business News Feb. 23 -- Telxon Corp. stock dropped Monday in the face of a Securities and Exchange Commission investigation into the company's accounting practices and the trading of its stock. The news comes as the company struggles to release ...
Virginia-Based Dominion Resources to Buy Consolidated Natural Gas Co..
Feb 23, 1999; ... Knight Ridder/Tribune Business News Feb. 23 -- The parent company of East Ohio Gas Co. in Cleveland confirmed Wall Street rumors yesterday by saying it will be purchased by a Virginia-based electric utility. Pittsburgh-based Consolidated Natural Gas Co. -- whose stock ...
Akron, Ohio, Health System Names Chief Operating Officer.
Feb 23, 1999; ... Knight Ridder/Tribune Business News Feb. 23 -- Summa Health System, the Akron nonprofit corporation that owns Akron City Hospital and St. Thomas Hospital, has named a new executive vice president and chief operating officer. Thomas J. Strauss, 46, will be responsible ...
Akron, Ohio, PBS Service Offers Link to Internet Through the Air.
Feb 23, 1999; ... Knight Ridder/Tribune Business News Feb. 22 -- Now that so many folks are getting wired, we might be close to breaking free of our copper cords. The next freedom fighters will be wireless links to the Internet, and you can get a taste of that with WaveTop, a free ...
Ohio-Based Maker of Bar-Code Readers Telxon Overstates Earnings.
Feb 23, 1999; ... Knight Ridder/Tribune Business News Feb. 24 -- Telxon Corp. said yesterday that it had overstated its last three years of earnings by $16.7 million, further clouding the troubled company's future. The announcement comes a day after investors learned of a pending ...
The Arizona Republic AZ Inc. Column.
Feb 23, 1999; ... Knight Ridder/Tribune Business News Feb. 23 -- SALE OF BOEING PLANT COMPLETE: The Boeing Co. has completed the sale of its light commercial helicopter division to MD Heli copters Holding Inc., a subsidiary of a European company called RDM Holding Inc. The price of ...
America West Airlines Decides to Stay Independent, Ends Talk of Merger.
Feb 23, 1999; ... Knight Ridder/Tribune Business News Feb. 23 -- America West Airlines answered the billion-dollar question about its future Monday by saying no to a merger with another airline. Citing "antitrust, regulatory and employee issues," America West Chairman William A ....
Deal for Arizona-Based America West Airlines Faced Labor, Cost Concerns.
Feb 23, 1999; ... Knight Ridder/Tribune Business News Feb. 23 -- Why did America West Airlines decide to stay single? The marriage proposals for the Tempe airline came with too much baggage and the relationship would have been frowned upon by regulators and others in the industry, ...
Phoenix-Area Leaders Cheer America West Airlines' Rejection of Bid.
Feb 23, 1999; ... Knight Ridder/Tribune Business News Feb. 23 -- With the uncertainty removed from America West Airlines' future, Sky Harbor International Airport should get a boom in business. "Launch the fleet!" Tom Browning, executive director of the Greater Phoenix Economic ...
Austin, Texas-Based Firm Bids for Las Vegas Gas Utility.
Feb 23, 1999; ... Knight Ridder/Tribune Business News Feb. 23 -- A bidding war has erupted for Southwest Gas Corp. The Las Vegas utility, which supplies natural gas to 650,000 Arizona homes and businesses, received a $32 per share cash offer Monday from Southern Union Co. of Austin. ...
Savannah, Ga.-Based Ethnic Products Firm's CEO Dies.
Feb 23, 1999; ... Knight Ridder/Tribune Business News Feb. 23 -- Carson Inc., the Savannah, Ga.-based ethnic personal products company, faces its second leadership change in eight months following the death of Chief Executive Gregory J. Andrews during a business trip to South Africa. ...
New Turner Cable Channel to Focus on the South.
Feb 23, 1999; ... Knight Ridder/Tribune Business News Feb. 24 -- Turner Broadcasting today is expected to announce plans for a new cable TV channel called Turner South, its first new entertainment channel in five years. Turner South will be launched this fall and feature 24 hours of ...
Turner Broadcasting Building All-Digital Studio in Atlanta.
Feb 23, 1999; ... Knight Ridder/Tribune Business News Feb. 24 -- Turner Broadcasting is more than half done with the construction of a new production studio on its Techwood campus, company officials say. The facility, to be called Turner Studios, is expected to be the largest ...
Coca-Cola Buys into Peruvian Soft Drink Maker.
Feb 23, 1999; ... Knight Ridder/Tribune Business News Feb. 24 -- Coca-Cola Co. is buying a major stake in the popular Peruvian soft drink Inca Kola, which continues to rival Coke brands in market share in South America. The Atlanta-based company said Tuesday it is acquiring 50 percent ...
Austin American-Statesman, Texas, Business Briefs Column.
Feb 23, 1999; ... Knight Ridder/Tribune Business News Feb. 22 -- AMD, INTEL GEAR UP FOR PRICE WAR III: The next step in a price war between AMD Inc. and Intel Corp. will be fought over threes. Today, AMD is launching its K6-3 desktop processor, and on Friday, Intel will introduce the ...
Dell Computer Founder's New Book Outlines History of Company.
Feb 23, 1999; ... Knight Ridder/Tribune Business News Feb. 22 -- Investors' unforgiving reaction last week to news that Dell Computer Corp.'s fourth-quarter revenue growth slowed significantly may have been jarring to many of the company's 28,000 employees. That's understandable. The ...
Penske Closes Auto Service Centers at Buffalo, N.Y.-Area Kmart Stores.
Feb 23, 1999; ... Knight Ridder/Tribune Business News Feb. 23 -- Penske Auto Centers, which operates service centers in Kmart stores nationally, closed its eight Buffalo-area locations as part of a corporate effort to phase out underperforming outlets. The Troy, Mich.-based service ...
Ames Begins Converting Buffalo, N.Y.-Area Hills Stores.
Feb 23, 1999; ... Knight Ridder/Tribune Business News Feb. 23 -- Just one Western New York Hills Department Store will not make the transition to an Ames Department Store. Connecticut-based Ames, which acquired the Hills chain earlier this year, announced Monday that it will close the ...
Workers Receive Training to Run New Niagara Falls, N.Y., Chemical Plant.
Feb 23, 1999; ... Knight Ridder/Tribune Business News Feb. 23 -- NIAGARA FALLS, N.Y. -- Six employees of Occidental Chemical Corp. received certificates Monday from Niagara County Community College qualifying them to work in a new chemical plant opening in June that will be in the forefront of ...
British Owner of Buffalo, N.Y., Bank Reports Profit Decrease.
Feb 23, 1999; ... Knight Ridder/Tribune Business News Feb. 23 -- The British parent company of Marine Midland Bank announced Monday that its profits fell 27 percent during the second half of last year as the banking firm was forced to set aside more money to cover potential loan losses in Asia. ...
Lebec, Calif.-Based Ranch-Real Estate Firm Reports Revenue Increase.
Feb 23, 1999; ... Knight Ridder/Tribune Business News Feb. 24 -- Tejon Ranch Co. saw a 30 percent increase in revenue in 1998 but only a marginal boost in profit as a dip in cattle and farm commodity prices and a jump in spending on real estate development affected the bottom line. ...
Boulder, Colo.-Based Natural Products Firm Reports Loss.
Feb 23, 1999; ... Knight Ridder/Tribune Business News Feb. 24 -- Boulder-based natural products company Hauser Inc. reported a third-quarter net loss of $26 million Tuesday. Despite the loss, which was due to a one-time charge of $25.6 million and unfavorable market conditions, the ...
The Charlotte Observer, N.C., Doug Smith Column.
Feb 23, 1999; ... Knight Ridder/Tribune Business News Feb. 24 -- UPSET BID SYSTEM LINGERS OVER THIRD WARD OFFER: The Charlotte City Council has accepted Summit Properties' offer to buy a vacant Third Ward tract and develop it with apartments and shops. But the deal is far from being ...
Costs, Plant Fire Dampen Summerville, S.C.-Based Cement Firm's Profits.
Feb 23, 1999; ... Knight Ridder/Tribune Business News Feb. 24 -- Summerville-based Giant Cement Holdings Inc. reported soaring sales for 1998, but rising costs and a plant fire at the company's Pennsylvania operation dampened profits for the year. Giant's sales last year were $154 ...
Scam Tricks Gerber Products Consumers into Giving Away Personal Data.
Feb 23, 1999; ... Knight Ridder/Tribune Business News Feb. 22 -- A scam involving a supposed baby food litigation settlement against Gerber Products is circulating again, warns State Consumer Advocate Philip Porter. The consumer advocate's office recently received information from a woman saying ...
The State, Columbia, S.C., MoneyWise Column.
Feb 23, 1999; ... Knight Ridder/Tribune Business News Feb. 22 -- BOOK EXPLAINS TAX CODES IN PLAIN LANGUAGE: Tax day is still a couple of months away, but "The 60 Minute Tax Planner" (Prentice Hall, $15, paperback) is about tax planning, not tax preparation. It uses a Q-and-A format and plain ...
The State, Columbia, S.C., Better Business Column.
Feb 23, 1999; ... Knight Ridder/Tribune Business News Feb. 22 -- Despite the growing number of consumers using debit cards, many still don't know much about them. With a debit card, also known as a check card, the amount you spend is limited by what you have in your bank account. Debit ...
American Airlines Passengers Sue Pilots Union.
Feb 23, 1999; ... Knight Ridder/Tribune Business News Feb. 23 -- Angry American Airlines Inc. passengers have filed lawsuits against the Allied Pilots Association seeking huge damages for the sickout conducted by American pilots this month. Separately, American officials said Monday ...
General Motors Signs Longer Contracts for Steel.
Feb 23, 1999; ... Knight Ridder/Tribune Business News Feb. 24 -- General Motors Corp., the single biggest purchaser of U.S. Steel, announced it has signed contracts worth $11.7 billion with 40 steel suppliers worldwide. GM signed three- and four-year deals for 18 metric tons of steel. ...
Detroit Free Press Susan Tompor Column.
Feb 23, 1999; ... Knight Ridder/Tribune Business News Feb. 24 -- Imagine someone, anyone, getting truly excited over a Pepsi can. And if your imagination can take you there, you're ready to unravel the mystery of how a galaxy far, far away can ignite the bottom lines of corporations ...
In Response to Detroit Storm, Northwest Airlines Outlines Snow Plan.
Feb 23, 1999; ... Knight Ridder/Tribune Business News Feb. 24 -- The next time a snowstorm closes Detroit Metro Airport, Northwest Airlines plans to have mobile stairs ready to unload planes stranded on the airfield. Northwest's decision to have those stairs available is part of the ...
Financial Mail on Sunday, London, Auto Review Column.
Feb 23, 1999; ... Knight Ridder/Tribune Business News Feb. 21 -- NEW BMW A WINNER IN THE GENERATION GAME: Sceptical buyers used to say that BMWs were nice cars, but all the extras that made the difference bumped up the price. No longer true, says BMW. Since 1991 all 3-Series models ...
Foreign Owners May Sap London's Strength, Former Cabinet Minister Says.
Feb 23, 1999; ... Knight Ridder/Tribune Business News Feb. 24 -- Can Deutsche Bank boss Rolf Breuer be a good friend to both Frankfurt and London? This was the question asked by former cabinet minister John Redwood at a high-powered City meeting yesterday. He worries that ...
British Homebuilders Adopt New Strategies to Raise Profits.
Feb 23, 1999; ... Knight Ridder/Tribune Business News Feb. 24 -- Housebuilders moan about planning as farmers do about the weather, admits Dennis Webb, outgoing chief executive at Beazer Group. He blames planning delays partly for dragging down half-year pre-tax profits from UKpound 31.4 million ...
As Sales Slump, British Furniture Retailer Loses Chief Executive.
Feb 23, 1999; ... Knight Ridder/Tribune Business News Feb. 24 -- Shares of struggling furniture retailer MFI will be caught in a tug of war when the market reopens. Just after trading finished yesterday MFI announced the departure of chief executive John Randall along with a warning ...
British Electronics Firm's New Technology Sounds Profitable.
Feb 23, 1999; ... Knight Ridder/Tribune Business News Feb. 24 -- There is hope at last for homes plagued by traffic or other noise. Electronics company NXT is working with Pilkington to develop windows which generate sounds to cancel out noise pollution. The windows are an example of ...
Morrisville, N.C.-Based Gemstone Maker Announces Net Loss for Quarter.
Feb 23, 1999; ... Knight Ridder/Tribune Business News Feb. 24 -- Getting more out of the silicon carbide crystals it uses to create gemstones will be key to bringing Morrisville-based C3, Inc. into the black, according to the company's chief executive officer. C3 reported fourth ...
Telecom Giant Ericsson Brings New Unit to Durham, N.C.-Area Facility.
Feb 23, 1999; ... Knight Ridder/Tribune Business News Feb. 24 -- The reorganization of telecommunications giant Ericsson Inc. has brought a new operating unit and executive vice president to the company's Research Triangle Park campus. On Tuesday, David Arkles, most recently the ...
Two Eugene, Ore.-Based Banks Plan to Expand Reach into Portland Area.
Feb 23, 1999; ... Knight Ridder/Tribune Business News Feb. 23 -- Outlaw Willie Sutton, according to legend, said he robbed banks because "that's where the money is." Similar reasoning is spurring Lane County's two largest banks to step up their efforts in metropolitan Portland. ...
Italian Prime Minister Steps into Battle for Telecom Italia.
Feb 23, 1999; ... Knight Ridder/Tribune Business News Feb. 22 -- Italian Prime Minister Massimo D'Alema intervened in the UKpound 36 billion bid battle for Telecom Italia today, saying he would not like to see the telecoms giant dismantled or fall under foreign ownership. His views ...
Financial Giant HSBC Gets Controlling Stake in South Korea's Seoulbank.
Feb 23, 1999; ... Knight Ridder/Tribune Business News Feb. 22 -- London and Hong Kong-listed financial giant HSBC has won a controlling stake in South Korea's Seoulbank, paying US$700 million (UKpound 424 million) for 70 percent of the recently nationalised bank. Ahead of HSBC's 1998 ...
Britain's Midland Bank Reports 1 Percent Decrease in 1998 Profits.
Feb 23, 1999; ... Knight Ridder/Tribune Business News Feb. 22 -- Midland Bank today unveiled a fall of 1 percent in 1998 pre-tax profits to UKpound 1.52 billion. The decline was attributed to the absence of a large exceptional gain from the 1997 accounts and a big rise in provisions. ...
Evening Standard, London, Anthony Hilton Column.
Feb 23, 1999; ... Knight Ridder/Tribune Business News Feb. 22 -- WRONG NUMBER: Last time I wrote at length about Olivetti in this column was to express the belief it was heading for bankruptcy. That was only three years ago and it is a reflection on how well the company has done since, and indeed ...
Asian Debts Toll Knocks 19 Percent Off Profits at HSBC.
Feb 23, 1999; ... Knight Ridder/Tribune Business News Feb. 22 -- HSBC today delivered a decline of almost 20 percent in 1998 pre-tax profits, hit by a surge in provisions against Asian bad debts. The shares responded with an 81 pence fall to 1595 pence. The group described Midland Bank ...
Memphis, Tenn.-Based Banking Firm Increased Florida Presence.
Feb 23, 1999; ... Knight Ridder/Tribune Business News Feb. 24 -- MIAMI -- Union Planters Bank will add two branches to its 17 existing Broward County branches with the purchase of Republic Bank, a Miami institution that caters to the Cuban exile community. "Depositors are going to be ...
Boca Raton, Fla.-Based Vitamin Maker Wins Rights to Italian Diet Aid.
Feb 23, 1999; ... Knight Ridder/Tribune Business News Feb. 24 -- Rexall Sundown hopes to fatten its bottom line after gaining U.S. distribution rights to an Italian dietary supplement that claims to trim cellulite off thighs. Cellasene, a mixture of herbs and other natural products, is ...
IBM Engineers in Ft. Lauderdale, Fla., Invent CD Download System.
Feb 23, 1999; ... Knight Ridder/Tribune Business News Feb. 23 -- FORT LAUDERDALE, Fla. -- Behind an unmarked door on the first floor of a Fort Lauderdale office building, IBM engineers have been working on new ways to let customers buy goods on the Internet. Dubbed the Advanced ...
Fort Worth, Texas, Firm Sues Microsoft over Alleged Restraint of Trade.
Feb 23, 1999; ... Knight Ridder/Tribune Business News Feb. 23 -- A Fort Worth maker of legal and database software has added its own lawsuit to the ever-growing body of legal actions accusing Microsoft Corp. of monopolistic restraint of trade. Gravity of Fort Worth says in the suit, ...
American Airlines Again Offers to Take Dispute with Pilots to Mediator.
Feb 23, 1999; ... Knight Ridder/Tribune Business News Feb. 22 -- FORT WORTH, Texas -- American Airlines has renewed its offer to the Allied Pilots Association to bring in a mediator to resolve a dispute involving American's recent acquisition of Reno Air. In a statement issued ...
Fort Worth, Texas-Based Candy Maker Talks with Suitors.
Feb 23, 1999; ... Knight Ridder/Tribune Business News Feb. 20 -- FORT WORTH, Texas -- Pangburn Candy Co. officials and creditors huddled yesterday as the 85-year-old company was negotiating with at least four potential buyers, sources said. Sources said companies interested in Pangburn ...
More Tarrant County, Texas, Employers Plan to Hire, Survey Finds.
Feb 23, 1999; ... Knight Ridder/Tribune Business News Feb. 23 -- A higher percentage of public and private employers in Tarrant County plan to add staff than during the second quarter of 1998, according to a survey released this week by staffing giant Manpower Inc. In Tarrant County, ...
Bell Helicopter Textron Says Blocked Sale Cost Jobs in United States.
Feb 23, 1999; ... Knight Ridder/Tribune Business News Feb. 20 -- DALLAS -- Bell Helicopter Textron Chairman Terry Stinson didn't mince words yesterday about the federal government blocking Bell's purchase of part of Boeing's helicopter line, saying the decision cost the country jobs and ...
Two Former Members of Texas Physicians Group Allowed to Retain Patients.
Feb 23, 1999; ... Knight Ridder/Tribune Business News Feb. 20 -- FORT WORTH, Texas -- Two physicians who left Health Partners Medical Group can continue to serve their patients while a court determines whether they are liable for losses to the group, a judge said he will rule. PhyCor ...
The News-Sentinel, Fort Wayne, Ind., Business People Column.
Feb 23, 1999; ... Knight Ridder/Tribune Business News Feb. 22 -- FORT WAYNE, Ind. -- AMERICAN ELECTRIC POWER CO. named John R. Sampson Indiana/Michigan president, based in Fort Wayne, effective March 1. Sampson, currently site vice president of AEP subsidiary Indiana Michigan Power Co. at the ...
The News-Sentinel, Fort Wayne, Ind., Business Solutions Column.
Feb 23, 1999; ... Knight Ridder/Tribune Business News Feb. 22 -- FORT WAYNE, Ind. -- QUESTION: I understand OSHA has issued a new ruling on forklift operator training. What does OSHA require employers to do to train forklift operators? REPLY: On March 1, OSHA's new final rule on ...
The Boston Globe Downtown Column.
Feb 23, 1999; ... Knight Ridder/Tribune Business News Feb. 24 -- Missing millions at the Massachusetts treasurer's office? Lax management controls? Questions at the state lottery? As the state's new treasurer, Shannon O'Brien, put it: "The bottom line is this: We've inherited a ...
The Boston Globe Fast Track Column.
Feb 23, 1999; ... Knight Ridder/Tribune Business News Feb. 24 -- Who knows? The suffering endured by thousands of stranded travelers during the recent American Airlines labor clash might have turned out differently if Jeremy Wertheimer's ITA Software Inc. had already introduced its new travel ...
The Gazette, Colorado Springs, Colo., Business Travel Column.
Feb 23, 1999; ... Knight Ridder/Tribune Business News Feb. 22 -- If you were watching "Good Morning America" on TV last Monday, you might have seen me on that show talking about the fate of air travelers on American Airlines. What I had to say didn't make your life as a flier easier, which is why ...
The Gazette, Colorado Springs, Colo., Wayne Heilman Column.
Feb 23, 1999; ... Knight Ridder/Tribune Business News Feb. 22 -- MOST OF US COULD PROBABLY use another telephone line or two -- especially those of us with teen-age kids. But a Dallas-based apartment developer is banking on some of us needing up to eight lines. Carbon Development Corp ....
OPINION: Colorado Springs Utilities in Colorado Will Be Ready for Y2K.
Feb 23, 1999; ... Knight Ridder/Tribune Business News Feb. 22 -- Almost daily now, we hear something about "the Y2K Problem." At Colorado Springs Utilities, we see it not as a problem, but as an opportunity. By now, most of us know the "problem" arose because, during the early years ...
The Gazette, Colorado Springs, Colo., Technology Column.
Feb 23, 1999; ... Knight Ridder/Tribune Business News Feb. 22 -- TEN YEARS AGO, the International Symposium on Integrated Ferroelectrics was launched in Colorado Springs. It was a quirky little scientific meeting attended by a couple dozen engineers who offered 12 white papers on ferroelectrics ....
Rite Aid CEO Defends Decision to Bypass Product Brokers.
Feb 23, 1999; ... Knight Ridder/Tribune Business News Feb. 23 -- Rite Aid Corp.'s chief executive Monday defended the drugstore company's recent decision to deal directly with manufacturers of items sold at its stores, while a product broker said the system isn't working. Martin L ....
The Record, Hackensack, N.J., Robert Gebeloff Column.
Feb 23, 1999; ... Knight Ridder/Tribune Business News Feb. 21 -- PROTECT PRIVACY, OR LET CHIPS FALL WHERE THEY MAY: It's one thing to bend the truth, to put a little spin on things. But it's another when marketers go off the deep end -- like the computer commercial where a guy buys a ...