Wave of interest in Internet buoys K-Tel

Article Abstract:

K-Tel International's share increased 6 3/8 to $13 1/4 on Nov. 3, 1998, following the company's announcement that it will offer over 250,000 famous titles over the Internet site of Playboy. The stock of K-Tel, which is famous for selling collections of 1970s and 1960s rock and disco hits, increased 1,240% earlier in 1998 following the company's introduction of its own Internet site. Company President Larry Kieves, who replaced former president David Weiner, stressed that the company's alliance with Playboy will be one of K-Tel's planned strategic partnerships with other firms.

Comment:

Its share rises 6 3/8 to $13 1/4 on 11/3/98 after announcing that it will offer over 250,000 titles over Playboy's Internet site

Marketing procedures, Securities issued, listed, Prerecorded Tape, Compact Disc, and Record Stores, Record Stores, Music stores, Article, K-Tel International Inc.

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WWF debut scores, but investors may get pinned

Article Abstract:

The World Wrestling Federation (WWF), a Stamford, CT-based company that profits from live wrestling matches, TV contracts, merchandise and online sales, received positive response for its IPO, but there is skepticism over its success in the long run. For one, the company, currently valued at $1.7 billion, accords no voting power to investors as CEO and Chairman Vince McMahon holds 17% of the firm. In addition, the WWF also faces several lawsuits and emerging competition that may affect the group's overall performance.

Television Broadcasting, Financial analysis, World Wrestling Entertainment Inc.

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Cendant to settle lawsuit for $2.8B

Article Abstract:

Marketing and franchising conglomerate Cendant has agreed to pay $2.8 billion to settle a class-action lawsuit brought by shareholders resulting from an accounting scandal. The settlement, which is subject to approval by a federal judge, is expected to revive the firm by allowing it to concencrate on its core businesses. Cendant announced that it would take a $1.8 billion charge in the fourth quarter to provide funds for the settlement.

Legal issues & crime, Lessors of Nonfinancial Intangible Assets (except Copyrighted Works), Franchising, Avis Budget Group Inc.

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