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Litton Industries is on the verge of acquiring Avondale Industries after Newport News Shipbuilding (NNS) announced it cannot compete with Litton's bid, citing lack of capital. Industry sources indicated that NNS has ruled out making a counteroffer, despite a deadline of Thursday to do so. Avondale's
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As the television landscape continues to evolve, US television networks have taken drastic measures to counter the threat of audience erosion to the internet. By acquiring a cluster of internet assets, these networks aim to establish a beachhead in cyberspace and recapture the attention of viewers drifting away to the
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VaultReports.com's Career Guide to Media and Entertainment has been released, offering a comprehensive look into the inner workings of leading media powerhouses. The guide, featuring quotes from thousands of employees, provides an unprecedented glimpse into the corporate cultures of companies like Disney, The New York Times, and
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Acclaimed singer and actress Gloria Estefan will host the Eighth Annual "Disney's Young Musicians Symphony Orchestra" at Avery Fisher Hall at Lincoln Center for the Performing Arts on June 30. The performance will premiere on Disney Channel on August 7. Estefan, known for her hit song
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Disney's quarterly profits suffered a dismal 30% drop, according to the company's recent announcement. The entertainment conglomerate's second-quarter net profits came in at $269 million, excluding last year's purchase of a stake in Infoseek. Meanwhile, sales increased by 5% to $5.5
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Applied Microsystems Corporation (AMC), a leading provider of development tools for engineers designing, debugging, and testing embedded systems, has announced a significant sale to TRW, Inc.'s Avionics Systems Division. The $700,000 purchase of AMC's CodeTEST software test and analysis tools and consulting services will enable
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Victor Rice, the departing chief executive of LucasVarity, is set to leave with a $27 million payout after refusing a reduced role with the company's new owner, TRW. The American engineering group is acquiring LucasVarity for $4 billion, with the deal expected to be finalized next month. Rice
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TRW, a leading global defense company, has reaffirmed its commitment to its $4.7 billion defense operations, stating that it will continue to grow the business without considering major defense-related transactions until it has debt from its recent $7 billion acquisition of LucasVarity is addressed. In an interview with Defense
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iSearch, a leading supplier of Internet-based search tools for candidate sourcing and applicant tracking, has named former TRW senior marketing veteran Hal Muchnick as vice president of marketing. Muchnick brings over 15 years of marketing and sales experience in the technology industry to his new position, where he will be
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Major infrastructure projects, energy initiatives, and crime statistics are among the top stories from around the state of Georgia. Key developments include a proposed highway expansion, a peak power generating plant, and a rowing regatta complex, while crime scenes and law enforcement investigations also grab headlines. Key Takeaways: * The Georgia
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Celebrating the night after the Oscars, a group of generous individuals from the non-profit agency Angel Harvest collected leftover food from the prestigious award ceremony and delivered it to local social service agencies, providing a culinary reprieve for those in need. Meanwhile, in Valencia, recording stars have assembled for the
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Analyze This, starring Robert De Niro and Billy Crystal, continued to lead the nation's box office with an estimated $15.7 million at 2,537 theaters during the Friday-Sunday period, according to studio sources. This performance marked a 17% drop from its opening weekend, bringing its total to
