WPP Is Rebuffed in Effort to Break a Deal
WPP Group has setback in its attempt to abandon deal to acquire Tempus Group when British regulators rule that it must proceed; deal is worth more than $620 million at current exchange rates (S)
On this day
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WPP Group has setback in its attempt to abandon deal to acquire Tempus Group when British regulators rule that it must proceed; deal is worth more than $620 million at current exchange rates (S)
Producers of hit show The Producers will set aside at least 50 seats every performance and charge unprecedented amount of $480 a ticket; move marks first time in Broadway history that producers will withhold, and aggressively mark up, some of best seats for those willing to pay for assured access; Rocco Landesman, one of play's producers, says they want to cut into lucrative market dominated by ticket scalpers; demand for Producer tickers is still white hot, and scalpers are regularly getting hundreds of dollars above face value; most expensive seats at box office for The Producers are $100, itself a Broadway high; photo (M)
European Central Bank, brushing aside signs of plunging business confidence and stagnating growth across Europe, once again rebuffs widespread pleas to reduce interest rates and stimulate economy; decision is disappointment to investors and corporations, who have become more pessimistic than at any time in last five years; it also puts central bank of collision course with European government leaders, who have already been pressing central bank for easier money and are almost certain to become much more blunt in weeks ahead (M)
Political leaders in Southeast Asia, in hopes of linking their economies together more strongly, are pushing for network of pipelines to move natural gas from its scattered sources in region to growing urban and industrial centers; series of disputes, fed in part by fears of globalization, stand in way; villagers in Ban Taling Chan, Thailand, are trying to block construction of pipeline on Kra isthumus linking Thailand with Malaysia by putting up makeshift stockade where they convene for lectures on energy, pollution and globalization; teach-ins have worked so far because $500 million Trans Thai-Malaysia Pipeline has been delayed so long that Malaysian officials are considering new route that would bypass Thailand; map; photos (M)
France's Renault reports its second profit warning in five months; shares fall; graph (S)
Music on My Birthday
The Top 50 albums for the chart week of October 24, 2001, covering October 26, 2001.
Ja Rule
Enya
Bubba Sparxxx
Jay-Z
Nickelback
2001Hüseyin Hilmi Işık, Turkish scholar and academic (born 1911)[†]
Huseyin Hilmi Işık was a Turkish, Sunni Islamic scholar.
2001The United States passes the USA PATRIOT Act into law.[†]
The USA PATRIOT Act was a landmark Act of the United States Congress, signed into law by President George W. Bush. The formal name of the statute is the Uniting and Strengthening America by Providing Appropriate Tools Required to Intercept and Obstruct Terrorism Act of 2001, and the commonly used short name is a contrived acronym that is embedded in the name set forth in the statute.
In 2001, the world population was approximately 6,254,936,459 people[†]