Business Week Magazine

In a push into the consumer market and to draw more subscribers to its lucrative computer terminals, financial news and data giant Bloomberg has agreed to acquire BusinessWeek, the 80-year-old business news magazine that has suffered steep losses. The purchase price was only about $5 million plus the assumption of liabilities, according to people familiar with the deal. It's a sign of the dismal state of the print media business and problems at BusinessWeek, which is projected to lose more than $40 million this year on revenue of about $130 million.

The American Stock Exchange has been the site of improprieties, including price fixing and illegal trading, that the exchange has failed to adequately police, a report in the April 26 issue of Business Week magazine alleges. The magazine said its research unearthed allegations that the exchange keeps investigations of potential wrongdoing "in the family," adding that this occurs with the tacit consent of the Securities and Exchange Commission.

BusinessWeek magazine is undergoing a face lift and adding stories on new products and personal finance in an attempt to attract readers after advertising pages fell 20% last quarter. The magazine, published by McGraw-Hill Cos., began Thursday to update its logo, typefaces and graphics, Editor Stephen Adler said. Now each issue will have three long articles instead of one, in addition to new sections. Lifestyle coverage will be cut and most columns will be moved to the back of each issue.

Fourth Man Admits Guilt in Insider Trading Case: A fourth defendant pleaded guilty to insider trading charges involving the use of pre-released information from a Business Week magazine column. Pacific Palisades resident Lawrence Small, who pleaded guilty to two securities violations in federal court, grossed at least $57,000 on stocks he purchased based on the inside information in 1987. Small faces a maximum of 10 years in prison and a $500,000 fine, prosecutors said.

A 32-year-old Laguna Hills salesman has agreed to plead guilty to counts of conspiracy and perjury and pay $62,066 to settle charges that he illegally profited from stock information gleaned from advance copies of Business Week magazine. Shayne A. Walters, a former salesman at the Irvine office of R. R. Donnelley & Sons, a major printing firm, has signed an agreement with the Securities and Exchange Commission to settle civil charges against him, SEC officials said Thursday. The U.S.

The FBI has arrested a former stockbroker and accused him of insider trading using stolen advance copies of Business Week magazine, according to a court complaint released Wednesday. David Pajcin, the ex-broker, was named in August in a separate civil case.

Harold W. McGraw III has been named publisher of Aviation Week & Space Technology magazine, succeeding John W. Patten, who shifted to Business Week magazine as publisher. Both magazines are published by McGraw-Hill Publications Co., New York.

A former worker at a Wisconsin printing plant pleaded guilty Monday to charges that he leaked the names of stocks mentioned in Business Week before the magazine was mailed. Nickolaus Shuster, who worked at Quad Graphics Inc. in Sussex, Wis., told a judge in Manhattan federal court that he tipped two people, whom he didn't name, to the names of the stocks that were to be favorably mentioned in the Inside Wall Street column.

The FBI has arrested a former stockbroker and accused him of insider trading using stolen advance copies of Business Week magazine, according to a court complaint released Wednesday. David Pajcin, the ex-broker, was named in August in a separate civil case.

BusinessWeek and Forbes, among the world's most popular financial magazines, on Tuesday confirmed that they had cut jobs as a result of slumping advertising. BusinessWeek said it laid off 21 workers. Forbes said it had cut jobs but did not elaborate.

When Richard Rodner, associate dean of the UCLA Anderson School, sat down at his desk early Friday morning, it was hard not to cringe at the report before him. It was BusinessWeek magazine's new rankings of America's business schools, and UCLA--for many years in or very close to the top 10--had fallen to a lowly No. 16. "We're frankly stunned," Rodner would say later in the day. Across town, Randolph Westerfield, dean of rival USC's Marshall School of Business, was all smiles.

Business Week cut 39 jobs, suspended its small-business supplement and scaled back its conference and online businesses as it contends with a downturn in advertising spending, a spokesman said. News of layoffs in the media industry has become an almost weekly certainty as media companies try to deal with the sharp downturn in advertising. Several publications have folded in recent months including George, Brill's Content, Mademoiselle and the Industry Standard. McGraw-Hill Inc.'

UC Irvine's School of Graduate Management remains on Business Week magazine's list of the Top 50 business schools in the country. UCI first made the list in 1998 and repeated in 1999. Business Week's latest list was released Wednesday. Only the top 30 schools are ranked individually, and UCI was not among them. It appeared on a list of 20 second-tier schools. Pennsylvania, Northwestern and Harvard topped the rankings. Other California business schools on the list included Stanford (No.

Stephen Rasinski, the Orange County investor under investigation for stock trading allegedly linked to pre-release leaks of Business Week magazine, said Friday through his attorney that he "has violated no state or federal laws." Don Buchwald, the attorney, added that Rasinski "would have no public comment while the matter is under investigation." The investor is on a previously scheduled vacation with his family, Buchwald said.

UC Irvine's School of Graduate Management remains on Business Week magazine's list of the Top 50 business schools in the country. UCI first made the list in 1998 and repeated in 1999. Business Week's latest list was released Wednesday. Only the top 30 schools are ranked individually, and UCI was not among them. It appeared on a list of 20 second-tier schools. Pennsylvania, Northwestern and Harvard topped the rankings. Other California business schools on the list included Stanford (No.

The American Stock Exchange has been the site of improprieties, including price fixing and illegal trading, that the exchange has failed to adequately police, a report in the April 26 issue of Business Week magazine alleges. The magazine said its research unearthed allegations that the exchange keeps investigations of potential wrongdoing "in the family," adding that this occurs with the tacit consent of the Securities and Exchange Commission.

For the first time, the UC Irvine Graduate School of Management has cracked the list of the top 50 business schools in the nation, according to a Business Week survey. The rankings are based on surveys of corporate recruiters and 1998 graduates from 61 top U.S. schools. Students had to rank their schools' teaching quality, program content and career placement. Recruiters assessed the students' skills and then ranked schools on overall quality and reputation.