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.
- 1 Sabina Altynbekova, the girl branded 'too good looking' for volleyball, says social media obsession with her is a 'bit much'
- 2 Disney heiress Abigail disowns her share of family profits in West Bank company
- 3 The secret report that helps Israel hide facts
- 4 Israel's propaganda machine is finally starting to misfire
- 5 Zayn Malik on Israel-Gaza: One Direction singer bombarded with Twitter death threats after posting #FreePalestine
Sally Farmiloe dead: Howards' Way actress, and former mistress of Jeffrey Archer, dies aged 60
Sabina Altynbekova, the girl branded 'too good looking' for volleyball, says social media obsession with her is a 'bit much'
Disney heiress Abigail disowns her share of family profits in West Bank company
Australian model Robyn Lawley stages naked protest against huge coal mine seven times the size of Sydney Harbour
Drew Barrymore’s sister Jessica found dead in her car surrounded by 'dozens of white pills'
The secret report that helps Israel hide facts
Woman and two children killed by mob in riots over 'blasphemous' Facebook post in Pakistan
A day in the life of Vladimir Putin: The dictator in his labyrinth
Putin is 'thuggish, dishonest and reckless', says British ambassador to US
Richard Dawkins tweets: 'Date rape is bad, stranger rape is worse'
Boozy, ignorant, intolerant, but very polite – Britain as others see us
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