SALE OF STAKES IN TWO CABLE NETWORKS IS PLANNED
Date: 22 July 2000
By Bloomberg News
Bloomberg News
AT&T considers sale of its stakes in two cable TV networks; no reason is given (S)
Replaying Friday, July 21, 2000
The July 21, 2000 was a Friday under the star sign of ♋. It was the 202 day of the year. President of the United States was William J. (Bill) Clinton.
If you were born on this day, you are 25 years old. Your last birthday was on the Monday, July 21, 2025, 337 days ago. Your next birthday is on Tuesday, July 21, 2026, in 27 days. You have lived for 9,468 days, or about 227,242 hours, or about 13,634,545 minutes, or about 818,072,700 seconds.
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21st of July 2000 News
News as it appeared on the front page of the New York Times on July 21, 2000
ABITIBI-CONSOLIDATED PLANS CUTS AT NEWSPRINT PLANTS
Date: 22 July 2000
By Bloomberg News
Bloomberg News
Newsprint maker Abitibi-Consolidated will close US mill and slow down Canadian plant; goal is improvement of profits (S)
MCMORAN SAYS IT IS CONSIDERING SALE OF SULFUR ASSETS
Date: 21 July 2000
By Bloomberg News
Bloomberg News
The McMoRan Exploration Company, an offshore oil and natural gas exploration company, said yesterday that it was discussing a sale of its sulfur transportation and marketing assets, which it values at $66 million. The assets include two tankers, two barges, more than 500 rail cars and five terminals in Louisiana, Florida and Texas. McMoRan Exploration, based in New Orleans, did not disclose the potential buyers or indicate if talks were under way. The company said it planned to use proceeds from the sale to reduce debt and to cover the costs of stopping sulfur production operations at its Main Pass site, about 30 miles off the coast of Louisiana. Shares of McMoRan Exploration fell $1.125, to $13.3125, on the New York Stock Exchange.
ROCK-TENN TO SHUT DOWN CARTON FACTORY IN WISCONSIN
Date: 22 July 2000
By Bloomberg News
Bloomberg News
Rock-Tenn, manufacturer of paper boxes, will close plant in Madison, Wis, and dismiss up to 200 employees (S)
FPL GROUP, A UTILITY OWNER, CANCELS POWER CONTRACTS
Date: 22 July 2000
By Bloomberg News
Bloomberg News
FPL Group will pay more than $222 million to cancel contracts to purchase power from two generating plants (S)
ARCHSTONE IS BUYING BACK SHARES FROM SECURITY CAPITAL
Date: 21 July 2000
By Bloomberg News
Bloomberg News
Security Capital Group agrees to sell 17.5 million shares of Archstone Communities Trust to Archstone for $400 million in cash and notes, reducing its stake; Archstone is third-largest apartment real estate investment trust (S)
CLEAR CHANNEL AGREES TO BUY 13 STATIONS FROM SUNBURST
Date: 21 July 2000
By Bloomberg News
Bloomberg News
Clear Channel Communications, whose purchase of AMFM Inc. will make it the No. 1 United States radio company, agreed yesterday to buy 13 radio stations in Texas and Missouri from Sunburst Media for $57 million in cash. Clear Channel, based in San Antonio, bought five stations in Springfield, Mo.; two stations in Bryan-College Station, Tex.; and six in Abilene, Tex. The closely held Sunburst is based in Dallas. Clear Channel shares, which have fallen 21 percent this year, rose $5, or 7 percent, yesterday, to $75.875.
INDIA RAISES KEY RATE
Date: 22 July 2000
By Bloomberg News
Bloomberg News
India's central bank raises key bank rate by one percent and hikes banks' cash reserve requirements in effort to stem fall of nation's currency on world markets (S)
LUXURY WATCH DEAL
Date: 22 July 2000
By Bloomberg News
Bloomberg News
Compagnie Financiere Richemont will buy timepiece unit from Mannesmann for $1.69 billion (S)
Surveillance Firm Bought
Date: 22 July 2000
By Bloomberg News
Bloomberg News
Transportation services supplier TransCore buys American Traffic Systems; terms are not disclosed (S)