Word: circe
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Dates: during 1980-1989
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...Heard on the Street" column of the Wall Street Journal (circ. 2 million) is always tucked onto the bottom of the paper's penultimate page. But its out-of-the-way position belies its importance as a mover of markets. A gossipy grab bag of investment tips, spot analysis and rumors about companies, the daily feature can drive stocks sharply up or down. Last week, though, the column itself was hot news on Wall Street. In an extraordinary front-page story and related articles, the Wall Street Journal disclosed details of what is shaping up as probably the most...
...covering business news, the Wall Street Journal (circ. 2 million) frequently publishes stories about the misuse of inside information in stock purchases. Last week America's largest daily paper revealed that it had found such a case in its own newsroom. It disclosed that one of its reporters had acknowledged leaking upcoming items from the influential "Heard on the Street" column, which features stock tips, to investors...
...through the ranks of the Chicago Sun-Times from police reporter to editor and then publisher, James Hoge regarded the city's Tribune as the enemy camp in a chivalrous newspaper war. Hoge, 48, sought to increase his stake in the rivalry last year when the Sun-Times (circ. 639,000) was offered for sale, and he led an investor group that bid $63 million. The price was topped, however, by Australian Press Lord Rupert Murdoch, and a disheartened Hoge quit the paper in January. Last week he crossed his former battle lines: in April he will become publisher...
...Lewis, who is also a lecturer at Harvard Law School, argued, "The vindication of one's good name does not require colossal verdicts. Damages awarded without effective limit in libel may violate the First Amendment." The concern is more than theoretical: a libel suit against the Alton Telegraph (circ. 137,000) in Illinois forced ? the 148-year-old newspaper into bankruptcy court in 1981 and nearly resulted in its closing. Some two dozen states prohibit publications from buying insurance against punitive damages. Explains Conference Chairman Richard Winfield, a New York City attorney: "These states take the position that...
...eighth round of talks due to begin this week in Peking, Chinese officials mysteriously became quite forthcoming. In San Francisco last week, Premier Zhao Ziyang declared that "Hong Kong will remain unchanged for at least 50 years after 1997." In an interview in the authoritative Peking weekly magazine Outlook (circ. 300,000), a Chinese spokesman on Hong Kong, Ji Pengfei, outlined a remarkably specific blueprint for absorbing that tiny outpost of capital ism into the vast citadel of Communism...