News Headlines
November 22, 2000
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Saturday, November 25, 2000 12:30 PM
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1. FINANCIAL HEADLINES ~ READ IT
2. TECHNOLOGY HEADLINES ~ READ IT
6. EXEC BRANCH - ADMINISTRATIVE HEADLINES ~ READ IT
7. JUDICIAL BRANCH - COURTS' HEADLINES ~ READ IT
8. LEGISLATIVE BRANCH - LEGISLATIVE HEADLINES ~ READ IT
Florida Supreme Court Nov 2000 Elections
1. SELECTED FINANCIAL HEADLINES
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SELECTED FINANCIAL HEADLINES |
 Coke
pulls out of Quaker bidCoca-Cola's planned bid for Quaker Oats has collapsed at the eleventh hour. The proposed offer, which would have valued the maker of Gatorade sports drinks and breakfast cereals at about $14bn, was suddenly called off late on Tuesday evening after a lengthy meeting of Coca-Cola's board.....more NTT DoCoMo to take 15% stake in AT&T Wireless NTT DoCoMo will next week announce it is taking a stake of about 15 per cent in AT&T Wireless for about ¥1,000bn ($9.1bn) in a move that will bring Japan's largest mobile phone operator into the world's largest mobile phone market.....more US trade gap hits record $34bn The US trade deficit widened to a record $34.26bn in September as the country continued to absorb high levels of imports despite slowing economic growth.....more Fears over accounts problem hit Lucent Lucent, one of the fallen stars of the US technology sector, suffered another setback on Tuesday as it disclosed a suspected accounting irregularity in its most recent quarterly earnings.....more Laundering battle hampered Britain's battle against money launderers is being hindered by the failure of financial organisations to report suspicious transactions, and a shortage of resources.....more Intel and Broadcom settle suit Intel and Broadcom, the competing makers of high-speed communications chips, said they had ended their legal battle over trade secrets.....more Oracle shares plunge after executive quits Oracle shares fell sharply as investors digested the news that the software group had lost its second senior executive this year.....more Winterthur takes Tai Kang stake Winterthur Life, part of Credit Suisse's insurance operations, has bought a strategic stake in Tai Kang Life, one of China's fastest growing life insurers.....more Fifth Third to buy Old Kent Fifth Third Bancorp, the Cincinnati-based US bank, said it would buy Old Kent Financial for about $4.9bn in stock to further expand its operations in Chicago and the state of Michigan.....more Goodyear investigation begins US highway safety regulators on Tuesday launched an investigation into whether failures of Goodyear tyres might have been responsible for as many as 15 deaths. The probe expands on the huge investigation under way into Firestone tyres, thought to have been responsible for 119 deaths and more than 500 injuries in the US.....more |
2. TECHNOLOGY HEADLINES
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SELECTED TECHNOLOGY HEADLINES |
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3. TEXT IS BEING ADDED
4. WORLD HEADLINES
Alert status raised after Hadera
attack
By David Rudge
Security measures have been beefed up
throughout the country amid warnings that terrorists might try to carry out
further attacks.
More News
Palestinian
factions call for 'day of rage'
By Lamia Lahoud and News Agencies
A PA security officer said he expects major
clashes and shootouts all over the West Bank and Gaza Strip today as a result of
the call.
More News
MOSCOW (AP) -- Russia turned over to China a powerful destroyer ordered by
the Chinese navy in a shipyard ceremony Saturday that featured fireworks and
parades by sailors from both countries.
It was the second of two destroyers ordered by China in 1997 in a $1 billion
deal, one of Russia's largest arms deals in recent years. The first was turned
over last December and deployed in the East China Sea fleet.
The second destroyer, a model of the Sovremenny class, was built and unveiled
at a St. Petersburg shipyard, the ITAR-Tass news agency reported. The 7,000-ton
ship can carry supersonic anti-ship missiles and anti-aircraft missiles,
ITAR-Tass said.
Speaking at Saturday's ceremony, St. Petersburg Mayor Vladimir Yakovlev and
China's ambassador to Russia expressed hope that such cooperation would
continue.
By Margot Dudekvitch
Itamar Yefet, 18, of Netzer Hazani died last
night from a gunshot wound to the head hours after a Palestinian sniper shot him
as he was hitching a ride.
More News
(7:30)
US pushing departure of fact-finding team
By Janine Zacharia
The US last night said it would go ahead with
plans to send an international fact-finding commission to the region despite
Israel's request that it postpone dispatching the committee until the violence
subsides.
More News
US
blasts Israel for 'excessive force'
By Janine Zacharia
In its strongest criticism of Israel since
the current violence began, the US yesterday accused Israel of using
"excessive force" against the Palestinians.
More News
Doctors
try to save bombed child's leg
By Judy Siegel and News Agencies
Tehila Cohen, eight, was in serious condition
after undergoing a second operation yesterday to try to rescue at least one of
her legs.
More News
5. MISC HEADLINES
| BIONICS HAD A SUCCESS - Doctors have managed to create a self-powered hand for young children |
6. EXEC BRANCH - ADMINISTRATIVE HEADLINES ~ READ IT
| IRS Issues Regs on Capital
Gains : Guidance Provided on §121 Exclusion A Chapter 7 trustee who sells a debtor's home can use the exclusion of up to $500,000 from capital gains tax in the 1997 tax law, says the IRS in proposed regulations. IRS Regulation 1.1398-3(c) replacing Regulation 1.121-5 |
| Real Estate Lawyers Can Do
More Tax-Free Exchanges Tax-free exchanges of real estate and other property are now much easier in many cases as a result of an IRS revenue procedure approving "reverse" exchanges. IRS Rev. Proc. 2000-37 |
7. JUDICIAL BRANCH - COURTS' HEADLINES ~ READ IT
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SUPREME COURT ~ CERT. GRANTED |
| FDIC. Can private investors sue the FDIC over an agreement allegedly made by an insolvent bank that was not recorded in the bank's records? Murphy v. Beck, No. 00-46. Certiorari granted September 26, 2000. |
| SEVENTH AMENDMENT. How much discretion do district courts have in granting new trials under the Seventh Amendment? District of Columbia v. Tri County Industries, No. 99-1953. Certiorari granted September 26, 2000. |
| CIVIL PROCEDURE. Where a federal court dismisses a claim with prejudice on statute of limitations grounds, must state courts give that decision res judicata effect? Semtek International, Inc. v. Lockheed Martin Corp., No. 99-1551. Certiorari granted June 26, 2000. Ruling below: 736 A.2d 1104 (Md. Spec. App. 1999). |
| VOTING RIGHTS. Is a proposed voting district subject to strict scrutiny where the district is irregular in shape and the state considered race as a factor when designing it? Hunt v. Cromartie, Nos. 99-1864, 99-1865. Certiorari granted June 26, 2000. Ruling below: (E.D.N.C.) (unpublished). |
| DIVORCE – PENSIONS. Is an ex-wife entitled to the proceeds of her husband's life insurance and pension plans where he never replaced her as the beneficiary? Egelhoff v. Egelhoff, No. 99-1529. Certiorari granted No. 99-1529. Ruling below: 989 P.2d 80 (Wash. 1999). |
| ARBITRATION. Does the Federal Arbitration Act apply to employment contracts? U.S. Supreme Court. Circuit City Stores, Inc. v. Adams, No. 99-137. Certiorari granted May 22, 2000. Ruling below: 194 F.3d 1070 (9th Cir. 1999). |
| TAXATION. Can shareholders of an insolvent S corporation claim its discharged debts as income to increase their basis in the corporation's stock? Gitlitz v. IRS, No. 99-1295. Certiorari granted May 1, 2000. Ruling below: 182 F.3d 1143 (10th Cir. 1999). |
| ARBITRATION. Is an arbitration agreement in a consumer loan document enforceable if it doesn't specify who is to pay the arbitrator's fee and other costs? Green Tree Financial Corp. v. Randolph, No. 99-1235. Certiorari granted April 3, 2000. Ruling below: 178 F.3d 1149 (11th Cir. 1999). |
| SCHOOLS - RELIGION. Does a program under the Elementary and Secondary Education Act of 1965, 20 U.S.C. Sect.7301 et seq., which gives federal funds to both religious and secular schools to purchase computers and other materials, violate the Establishment Clause of the First Amendment? Mitchell v. Helms, No. 98-1648. Certiorari granted June 14, 1999. Ruling below: 151 F.3d 347 (5th Cir. 1998). |
| TAX LIENS. Even though an heir disclaimed his inheritance, is his interest in the estate subject to a tax lien under 28 U.S.C. Sect. 6321? Drye v. U.S., No. 98-1101. Certiorari granted April 19, 1999. Ruling below: 152 F.3d 892 (8th Cir. 1998). |
8. LEGISLATIVE BRANCH - LEGISLATIVE HEADLINES ~ READ IT
news_headlines_11-25-00.htm
