Diversified companies
In a significant week for corporate news, major companies in various sectors announced substantial deals and acquisitions. Among the notable announcements, Rohm and Haas has agreed to acquire Morton International Inc. in a $4.9 billion deal, while Hollinger International Inc. has completed the sale of 45 of its U.
Diversified companies
Major corporations in the oil and energy sector reported steep losses in the fourth quarter, while Alaska Air Group Inc. and Walt Disney Co. saw profits soar as they benefited from increased passenger traffic and cost-cutting measures. DuPont, the chemical giant, posted strong earnings despite weak markets, but Disney'
Diversified companies
A tragic weekend unfolded in New York, with three shooting deaths in separate incidents across the city. Meanwhile, the Wu-Tang Clan is reportedly being probed in a federal gun-running investigation. Law enforcement officials have confirmed the incidents but have not released any information on the identity of the suspects. Key
Diversified companies
Sam Cooke, Addie "Micki" Harris of the Shirelles, Alabama's Teddy Gentry, Journey's Steve Perry, and INXS's Michael Hutchence were among the musicians born on this day in 1935, 1940, 1952, 1953, and 1960, respectively. Notable musical events include Sam Cooke signing with
Diversified companies
As Austin, Texas, prepares to witness the second-term inauguration of Governor George W. Bush, speculation continues about his potential run for the presidency. Meanwhile, in Boulder, Colorado, the investigation into the JonBenet Ramsey case advances with testimony from family friends of the Ramsey family. In other news, a Michigan man
Diversified companies
As healthcare customers voice their discontent with managed care systems, doctors are now taking a stand against the squeeze put on them by Health Maintenance Organizations (HMOs) to cut costs. In New York, a growing number of physicians are quitting managed care systems, citing unfair demands and lack of autonomy.
Diversified companies
A moderate national box office performance for Hollywood films in January 1999, with a few films managing to achieve notable success. The Disney release "A Civil Action," starring John Travolta, led the pack with an estimated $14.5 million at 1,802 theaters during the Friday-Sunday period. The
Diversified companies
Peter Schneider, a seasoned executive in the film and animation industry, has been promoted to president of The Walt Disney Studios, overseeing the creative development, production, marketing, and distribution of all Disney-branded entertainment products. This move sees Schneider taking on a broad range of responsibilities, including feature animation, live-action, TV
Diversified companies
Kim Mac Leod will take on a new role at The Walt Disney Co., leading the development of magazine prototypes and pursuing international publishing opportunities on behalf of the Magazine Group. As vice president of Magazine Group Development, Mac Leod will oversee the management of corporate alliances and special promotions
Diversified companies
The MAP1000, a collaborative effort between Equator Technologies, Inc. and Hitachi, Ltd., represents a significant breakthrough in the development of digital media and imaging products. This programmable media processor platform has the potential to displace traditional hard-wired solutions with a high-performance, software-based alternative that offers increased flexibility and reduced development
Diversified companies
As the world grappled with the aftermath of the Asian financial crisis, the Asia-Pacific region witnessed significant economic shifts and developments in late 1998. South Korea, once a net borrower, expected to emerge as a creditor country by the end of 1999, with a projected current account surplus of $20
Diversified companies
The Asia-Pacific region is experiencing significant developments in the telecommunications industry, driven by the growth of mobile phone subscribers, expansion of international services, and advancements in technology. This update highlights key events and trends shaping the industry in the late 1990s. Key Takeaways: * Mobicom Corp. will begin providing stationary local
