Home Video; The Luxury Of Stopping
Date: 17 July 1998
By Peter M. Nichols
Peter
A Ross McElwee documentary is just about perfect for video. Since he usually chronicles his own life in films like ''Sherman's March'' (1986) and ''Time Indefinite'' (1993), the dramas couldn't be more intimate. Given Mr. McElwee's eye for odd happenings and juxtapositions, the scenarios are also provocative enough to make one want to pause and ruminate. ''It pleases me that on video people have the luxury of stopping,'' he said. His latest documentary ''6 O'Clock News'' (1997), recently released on videotape by First Run Features, fits neatly because it is about the medium of television. In fact, unlike his earlier films, it didn't get an extensive theater showing primarily because it was first broadcast on the ''Frontline'' television series.
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Chiquita Still Under Cloud After Newspaper's Retreat
Date: 17 July 1998
By Douglas Frantz
Douglas Frantz
Extraordinary allegations of business wrongdoing have been overlooked in furor that followed when Cincinnati Enquirer last month renounced its own stinging series accusing company of questionable business practices; top Chiquita execs, in their first lengthy interviews on subject, claim total victory and portray entire package of articles as unfair and inaccurate, untrustworthy work of reporter, Mike Gallagher, who stole hundreds of voice-mail messages; but interviews with Govt officials, people outside company and some of those quoted, along with review of articles, finds that some of allegations cannot be dismissed so easily, despite questions being raised about reporting method; SEC is investigation allegations that company covered up bribery scheme by employees in Colombia; Chiquita could face penalties under Foreign Corrupt Practices Act if it engaged in or failed to disclose bribery (M)
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DOCUMENTUM SAYS IT ACQUIRED RELEVANCE TECHNOLOGIES
Date: 18 July 1998
By Bloomberg News
Bloomberg News
Documentum Inc says it has bought Relevance Technologies Inc for $36.5 million in cash and stock to expand its line of information management products (S)
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FIRST COMMONWEALTH TO ACQUIRE SOUTHWEST NATIONAL
Date: 17 July 1998
By Bloomberg News
Bloomberg News
First Commonwealth Financial Corp acquires competing Pennsylvania bank, Southwest National Corp, for about $270 million in stock (S)
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ENRON BUYS CONTROLLING INTEREST IN BRAZILIAN UTILITY
Date: 17 July 1998
By Bloomberg News
Bloomberg News
Enron Corp agree to pay $1.27 billion for 47 percent stake in Elektro Eletricidade e Servicos SA, which serves 1.5 million clients in state of Sao Paulo, Brazil (S)
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FENWAY BUYING 71% OF SIMMONS FOR $500 MILLION
Date: 18 July 1998
By Bloomberg News
Bloomberg News
Fenway Partners says it will buy mattress-maker Simmons Co for about $500 million from Investcorp (S)
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REGIONS FINANCIAL BUYING BULLSBORO FOR $35.6 MILLION
Date: 18 July 1998
By Bloomberg News
Bloomberg News
Regions Financial Corp agrees to buy Bullsboro Bankshares for $35.6 million in stock (D)
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LOSS IN YUGOSLAVIA DEALINGS DEPRESSES SHARES OF ICN
Date: 17 July 1998
By Bloomberg News
Bloomberg News
Shares of ICN Pharmaceuticals Inc fall 13 percent after company says it will take charge of $172 million for money owed to it by Yugoslavia, resulting in second-quarter loss; ICN says Yugoslavia defaulted on $39 million of its $176 million debt and warned that it will be unable to meet all credit terms (S)
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CAPITAL ONE PLANS PURCHASE OF AUTO FINANCING COMPANY
Date: 17 July 1998
By Bloomberg News
Bloomberg News
Capital One Financial Corp will buy Summit Acceptance Corp for about $55 million in stock (S)
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JOHNSON & JOHNSON CUTTING JOBS FROM DIAGNOSTIC UNIT
Date: 18 July 1998
By Bloomberg News
Bloomberg News
Johnson & Johnson says it will eliminate 400 jobs to cut costs in itsOrtho-Clinical diagnostics unit (S)
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