The late ticker
Sunday 03 August 1997
MICROSOFT has completed its acquisition of WebTV Networks Inc for $425m (pounds 260m) after approval by the US Justice Department. This allows Microsoft to expand into TV-based Internet devices and to continue its dominance of the software. WebTV produces systems to browse through the Internet on TV using a remote control and set-top box.
US company General Electric shuffled some top managers in a move that renewed speculation about who will succeed its chief executive John Welch when he retires in 2000. James McNerney, 47, steps up to become head of GE's aircraft engines unit.
David Calhoun, 40, the head of GE's transportation systems business, replaces Mr McNerney as head of GE Lighting.
THE upmarket New York fashion retailer Barney's, which has been operating under Chapter 11 bankruptcy proceedings since last year, received court approval to delay until tomorrow the deadline for selecting a buyer for the stores so that it can negotiate a higher bid. This is the second time Barney's has delayed choosing a buyer. Hong Kong-based Dickson Concepts, which owns Harvey Nichols, is said to have bid $240m for the company. Other bidders are Texas Pacific and Heico Acquisitions, controlled by Chicago financier Michael Heisley.
Liam Neeson's Downton dreams
Thriller is set in the secret world of British espionage
Bomber jacket worn by Mary Berry sells out within an hour
- 2 Scottish independence: What you shouldn't tweet about if you want to avoid jail today
- 3 Scottish independence: Five reasons Salmond is secretly hoping for a 'No' vote
- 4 Isis plan to 'behead random member of the public' in Sydney thwarted by Australian police
- 5 Archbishop of Canterbury admits doubts about existence of God
Daniele Watts: Django Unchained actress detained by Los Angeles police after being mistaken for a prostitute
Scottish independence referendum: A nation divided against itself
Scottish independence: David Cameron is becoming the 'George Bush of Britain'
Russia freezes Ukraine into submission: Kiev admits country doesn't have enough fuel for winter
Scottish independence: The Queen breaks silence on referendum debate – as think tank warns of £14bn black hole if Scotland votes Yes
Portuguese academic says British are 'filthy, violent and drunk'
iJobs Money & Business
£320 - £330 per day: Ashdown Group: The Ashdown Group have been engaged by a l...
To £75,000 + Pension + Benefits + Bonus: Saxton Leigh: My client is looking f...
To £85,000 + banking benefits: Saxton Leigh: You will be expected to carry out...
Up to £90,000 + benefits: Saxton Leigh: Credit Risk Audit Manager required to ...