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DIED. LAURENCE A. TISCH, 80, co-founder of Loews Corp. and former head of CBS; of cancer; in New York City. The Brooklyn-born Tisch began building his empire at 23 by buying a resort in New Jersey. Later, as head of Loews, he oversaw $70 billion in assets, including hotels, tobacco, insurance and watches. He gained control of CBS in 1986 with the support of founder William Paley and oversaw an era of major cost cutting and declining ratings at the so-called Tiffany network before selling the company...
...says. There were neighbors over at the house, as there always were during those hard days, and they asked if they could help. Next thing the Lynches knew, a team of friends had set to work on the house as the family headed to Germany on a Heinz Corp. jet ("It was my first experience of flying," Dee says, "and it was like a Cadillac...
...York State attorney general Eliot Spitzer has more up his sleeve in his ongoing campaign against improprieties in the mutual-fund industry. He trotted out his latest target last week: Richard Strong, chairman of Strong Financial Corp., one of the nation's largest fund firms. Strong is accused of violating securities laws by engaging in short-term trading in his firm's funds, a practice the company prohibits. (Strong said he would resign if appropriate and would personally reimburse any investors who lost money because of his trading.) In a separate move, Putnam Investments became the first firm...
...auditor independence." He's voting to remove four BSkyB board members that he deems too close to News Corp. The National Association of Pension Funds wants to vote out the director who led the CEO search, Lord St. John of Fawsley, and opposes a payout to ex-CEO Tony Ball. A BSkyB spokesman says James is committed to dividends "in the future." If the Murdochs were to sell tickets to Friday's clash, they could pay dividends now. - By Mark Halper Will The Elves Unionize? L ong before Santa loads up this Christmas, the real work will have been done...
...seem to be of a similar mind: Royal Mail statistics show the number of postcards mailed in Britain is falling by about a million each year-at a current 25 million, down from 30 million five years ago. The downward trend can be seen elsewhere. The Finland Post Corp. blames text messaging for the decline in the volume of postcards sent, while in Japan, there are plans to axe 80% of the country's postcard-vending machines. At this rate, postcards seem destined to go the way of the telex...