PRESS DIGEST - Wall Street Journal - Aug 29 .
NEW YORK 1996-08-29
The National Basketball Association has sued America Online Inc , alleging that the United States ' No 1 on-line service is delivering real-time information about league games without its permission , The Wall Street Journal reported on Thursday .
The suit was filed on Wednesday in federal court in Manhattan and is another legal skirmish over what constitutes a " broadcast " in the computer age .
The suit contends America Online was misappropriating NBA property by providing a site containing continually updated scores and statistics of NBA games in progress .
The newspaper also reported :
* Baxter International Inc has reached an agreement to acquire Austria 's Immuno International AG in a complex deal valued at $ 715 miilion .
* Boeing Co secures $ 5.5 billion in orders for new , larger 747s .
* President Bill Clinton is expected to propose a tax break on home sales .
* Philip Morris Cos Inc raises dividend 20 percent .
* Salomon Brothers Inc analyst is bullish on International Business Machines Corp .
* Sierra Semiconductor Corp puts modem chipset line up for sale and sets layoffs .
* Red Lion Hotels Inc says it 's holding merger talks with Doubletree Corp .
* GTE Corp , Baby Bells and their allies ready to launch challenge to telecommunications reform law .
* Economists see second-quarter gross domestic product revised down 0.1 percentage point .
* President Clinton proposes five-point plan to clean up toxic waste sites .
* Securities and Exchange Commission acts to improve stock-trade prices for investors .
* H&R Block Inc delays spinoff of its stake in CompuServe Corp .
* Stock funds see cash pour in again in July .
* The Federal Trade Commission and Justice Department issue new guidelines for formation of doctors ' networks .
-- New York newsroom , ( 212 ) 859-1610