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...first task will probably be the hardest. In many ways, the pre-deal Time Warner was less an operating company than it was a stock price, the financial expression of a series of disconnected assets. Unlike other media megaliths like Disney or News Corp., where a nearly totemic central figure--Michael Eisner and Rupert Murdoch, respectively--conceives the strategy and orders it into place, Time Warner under Levin has been an extremely successful dysfunctional family. Six powerful executives, ranging from Roger Ames of the music group to Terry McGuirk of the Turner networks, run six huge businesses, and their rivalry...
...researchers at the Digene Corp. of Beltsville, Md., have developed a test that detects an active HPV infection by looking for its genetic by-products in the vagina. The HPV test was better than the standard Pap test at finding cervical cancer at any stage, according to two studies published in last week's Journal of the American Medical Association. So far, so good. Unfortunately, the test's false-positive rate--how often it indicated that there was a problem when none existed--was almost twice as high as that for the Pap smear. In these cases, a biopsy...
...Kelsos are pleading not guilty to charges of abandonment, a misdemeanor. But affluence turned their predicament into loud headlines. Richard, 62, is president and ceo of the PQ Corp., a major specialty-chemical company, and serves on a prestigious Philadelphia business council; Dawn, 45, is an activist for disabled-children?s causes and for three years has been a member of the Pennsylvania Developmental Disabilities Council, an advisory group to the state welfare department. News stories noted that the couple drove away from the police station, where they were charged, in separate BMWs...
From interviews with 3,082 adults taken by Market Probe International of N.Y. and Opinion Research Corp. of Princeton, N.J. Source: Lions Club International...
Justice Dept. rules Bill Gates' Microsoft Corp is a monopoly...