
                         Roanoke Times
                 Copyright (c) 1995, Landmark Communications, Inc.

DATE: TUESDAY, March 19, 1991                   TAG: 9103190101
SECTION: BUSINESS                    PAGE: A-3   EDITION: METRO 
SOURCE: 
DATELINE:                                 LENGTH: Short

BRIEFLY . . .

The Federal Trade Commission is investigating the proposed purchase of Financial News Network by its biggest competitor, the Consumer News and Business Channel, for possible antitrust violations and has asked a federal bankruptcy court to withhold final approval of the sale until it can complete its review, the FTC said Monday.

The Justice Department is investigating whether General Electric Co. employees illegally bribed the chief arms buyer for the Israeli air force, Brig. Gen. Rami Dotan, who was convicted in Israel Sunday of taking $10 million in kickbacks. Government sources said Monday that federal prosecutors in Ohio and San Francisco are conducting a probe into possible violations of the Foreign Corrupt Practices Act, which prohibits bribery of foreign officials.

The Securities and Exchange Commission took a long-expected step Monday and banned former Drexel Burnham Lambert junk bond chief Michael Milken from the securities industry for life. Milken, 44, earlier this month began serving a 10-year term in federal prison after pleading guilty to six felony charges of securities fraud.

by CNB