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 Strictly Come Dancing 2014: Gregg Wallace joins line-up as final celebrities revealed
- 2 Keira Knightley topless: Usually conservative actress does own take on #Freethenipple campaign for Interview Magazine
- 3 Oil tanker with $100 million cargo goes missing off Texas coast
- 4 Saudi Arabia executes 19 in one half of August in 'disturbing surge of beheadings'
- 5 Brother and sister, Christopher Buckner and Timothy Savoy, arrested for 'committing incest after watching 'The Notebook''
YouTube video posted by Isis militants shows 'execution of 250 Syrian soldiers'
Keira Knightley topless: Usually conservative actress does own take on #Freethenipple campaign for Interview Magazine
Oil tanker with $100 million cargo goes missing off Texas coast
George Galloway left with severe bruising after attack in Notting Hill by man 'shouting about the Holocaust'
Brother and sister, Christopher Buckner and Timothy Savoy, arrested for 'committing incest after watching 'The Notebook''
Robin Williams Emmys tribute led by Billy Crystal criticised for including 'racist' joke about Muslim woman
The Rotherham child abuse scandal is a tale of apologists, misogyny and double standards
Scottish independence TV debate: Pumped-up Alex Salmond bounces back in bruising second round against Alistair Darling
What do immigrants really think of Britain? Polish immigrant's Reddit post goes viral
Do you realise just how foolish the UK looks?
With Douglas Carswell joining Ukip, my party has taken another giant step forward
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