Biz

A federal defense

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Vice President Al Gore on Friday dismissed claims that the FCC's rollback in cable TV rates prompted the collapse of the Bell Atlantic/Tele-Communications Inc. merger. To the contrary, he predicted…

Marketplace

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Seagram adds TW shares

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Seagram Co. said Friday it bought an additional 1.4% of Time Warner Inc., bringing its total stake to 13.1% or $ 1.9 billion. Sources had reported Seagram's return to the market three weeks ago…

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Escalante to retire

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Roel Escalante, MCA's director of corporate material, will retire March 1 but continue as adviser to the purchasing and stores departments and as a consultant through the end of the year.

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Un-merger hits Street

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The bombshell breakup of Tele-Communications Inc. and Bell Atlantic stirred up trouble on Wall Street Thursday as investors embarking on the info highway suddenly found themselves on a road to…

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Fed up, court bound

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Tele-Communications Inc. president and CEO John Malone continued to rattle his saber at the Federal Communications Commission Thursday, calling the new cable rate rollbacks "probably illegal and…

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Handleman income falls

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Handleman Co. said its third quarter net income dropped almost 30% to $ 10.1 million or 30 cents per share as sales fell 11% to $ 300 million, in line with expectations. Handleman shares dropped 38…

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