CBS buys top syndicator King World for 2.5 billion
CBS Corp will acquire King World Productions for 2.5 billion in stock to diversify beyond network TV. The deal places King World’s Oprah Winfrey Show Wheel of Fortune and Jeopardy under CBS while preserving King World’s autonomy and relationships with producers and outlets.
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CBS Corp
King World Productions
CBS
Parate
Mel Karmazin
Infinity Broadcasting Radio
Karmazin
NBC
ABC
King World
Ing
Tom Vanderslice
Cibc Oppenheimer Corp
Roger
Michael King
King Brothers
Winfrey
Roger King
Switzerland
New York Stock Exchange
Steelworkers reach Pittsburgh after 70 mile march
Steelworkers marching from Niles Ohio to Pittsburgh to pressure USX over the RMI Titanium Co strike arrive as USX divests its 5.5 million share stake. Union members cite pensions and wage disputes while USX claims the move should influence RMI negotiations. Suzanne Jones a Local 2155 member voices fatigue and determination.
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Pittsburgh
Niles
Ohio
USX
RMI Titanium Co
2155
Suzanne Jones
RMI
William Keslar
Randy Velka
Robert Hernandez
Rm?s
Velka
Jones
Seventh Street
USX Corp
BP Amoco to Acquire Arco to Reshape U S Oil Leaders
BP Amoco confirms a 26.6 billion stock deal to buy Los Angeles based Arco, vaulting into the top U S oil producer role and giving the combined firm about 16 percent of U S output and one fifth of reserves. Alaska would see BP Amoco Arco control 70 percent of state production.
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Atlantic Rachfield Co
BP Amoco Ple 15
BP Amoco
Los Angeles
Alaska
Arco
John Browne
Browne
Laurance Fuller
Amoco Corp
Exxon Corp.Mobil Corp
Nanny Tax Rules Expand Beyond Nannies
Tax tips explain the household employment tax, or nanny tax, covers housekeepers, maids, babysitters, gardeners and other domestic workers. It applies if you paid cash wages of 1100 or more to any employee in 1998, withheld federal income tax on request, or paid total cash wages of 1000+ in a calendar quarter of 1997 or 1998.
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IRS
American Red Cross
Opening Stocks Snapshot Amid Turbulent NYSE Session
The day features a volatile list of active stocks with varied gains and losses. Notable names like Ames, Baku, and AT show mixed movement as traders scan prices, volumes, and percent changes across the market.
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Aya
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