Word: ince
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BUSINESS Betting on the 21st Century In a merger with potentially historic implications for the communications and entertainment industries, Bell Atlantic Corp. announced it would acquire Tele- Communications Inc., the nation's largest cable-TV operator, and its cable- programming affiliate, Liberty Media. The resulting company could dominate the ''information superhighway'' of the future. The complicated stock transaction is valued at $21.4 billion...
Deadly Devices C.R. Bard Inc., one of the world's largest medical devicemakers, pleaded guilty last week to federal charges of selling untested heart catheters. The firm will pay $61 million in criminal fines and federal civil damages. The devices killed at least one person and caused 22 others to have emergency surgery...
...bookshop, the managers were far from convinced. Renting to someone with no retail or catering experience seemed unduly risky. But after a year of persistence and persuasion, Paul's vision finally won them over, and the result is Baci Lounge (a name derived from "books, art, coffee inc."), www.baci.co.nz. The fashionably designed space is now a hub for Auckland's literati - a place to shop for unusual reading and to enjoy good wine, food and coffee (the latter given free with every book purchase...
...mortgage fraud, according to the Mortgage Asset Research Institute; in a recent Palm Beach County case, a grocery cashier's salary was listed as $344,000 a year. And Paul Singerman, bankruptcy counsel for Puig's companies, is even busier. His firm represents the Florida home builders Tousa Inc. and Levitt and Sons, which happen to be the nation's two largest bankrupt home builders, along with droves of failing contractors, landscapers and architects. "I got two calls from window distributors this week," Singerman told me. "A tile guy called this morning...
...Entertainment, part of the sprawling conglomerate run by Bombay-based billionaire Anil Ambani. The deal, first reported by the Wall Street Journal last week, would see Reliance providing between $500 million and $600 million to Spielberg's Dreamworks SKG, financing that would allow Dreamworks to split from Viacom Inc's Paramount Pictures...