NEWS AT A GLANCE Paramount makes a deal Paramount Pictures Corp. announced it is buying DreamWorks SKG, the movie studio founded by Steven Spielberg, David Geffen, and Jeffrey Katzenberg. Paramount plans to offset the $1.6-billion cost by selling a 59-film DreamWorks library that includes Oscar winners American Beauty and Gladiator. Paramount swooped in at the last-minute after a DreamWorks deal with NBC Universal stalled. "I can't stress how transforming an event this is," said Paramount Chairman Brad Gray. (Los Angeles Times, free registration required) Conoco goes shopping ConocoPhillips is negotiating to buy oil and gas producer Burlington Resources for more...
