Newspapers Cut Spanish-Language Publications
Date: 16 October 1995
By Allen R. Myerson
Allen Myerson
In the last few years, the surge in the country's Hispanic population and the success of Spanish-language radio and television have caused newspaper publishers across the nation to try to cash in. Start new Spanish supplements and Spanish editions, they ordered. Then they sat back to wait for the advertisements and dollars to roll in. Que horror! The expected Hispanic readers never turned off their radios and televisions, advertisers never arrived and shareholders of the newspaper companies wanted to know why cash was pouring out, not in. Now the publishers are shutting their new sections or at least cutting them back.
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Big Board Seat: $950,000
Date: 16 October 1995
By Bloomberg News
Bloomberg News
A seat on the New York Stock Exchange was sold for $950,000, unchanged from the previous sale on Sept. 15, the exchange said last week. The current bid for a seat on the Big Board is $825,000 and the offer is $1 million. The record price for a Big Board seat is $1.15 million, set on Sept. 21, 1987, one month before the stock market crashed. A seat confers membership on a securities or commodities exchange. The number of seats on the stock exchange has held constant at 1,366 since 1953.
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Evergreen to Buy Station
Date: 16 October 1995
By Bloomberg News
Bloomberg News
The Evergreen Media Corporation is planning to buy the country-music radio station WKLB-FM (105.7) of Boston from Fairbanks Communications Inc. for $34 million in cash. This year, Evergreen Media, the radio station owner based in Irving, has purchased or announced plans to purchase 25 radio stations, bringing its total to 36 stations. Evergreen said it expected to close the WKLB purchase in the first quarter of 1996.
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Packard Bell Countersues Compaq
Date: 16 October 1995
By Bloomberg News
Bloomberg News
Packard Bell Electronics Inc. has countersued the Compaq Computer Corporation, contending unfair competition and defamation. Packard Bell said it was seeking unspecified punitive damages and reimbursement for loss of income because of a campaign against the company by Compaq.
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Westinghouse Pact With Philippines
Date: 16 October 1995
By Bloomberg News
Bloomberg News
The Westinghouse Electric Corporation said it had reached a settlement with the Government of the Philippines that ends litigation over an idled nuclear-power plant and lifts that nation's ban on Westinghouse products. While terms were not disclosed, Westinghouse said late Friday that it would take a $45 million charge for the settlement in its third quarter.
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NEWS SUMMARY
Date: 15 October 1995
International 3-12 U.S. STEPS UP ECONOMIC SPYING Spying on allies for economic advantage is a crucial new assignment for the C.I.A. 1
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NEWS AND TOPICS: SCHOOLS;A Teacher Emerges From Darkness to Test the Limits
Date: 15 October 1995
By Abby Goodnough
Abby Goodnough
The darkness came in increments, changing his landscape to blurred images, then shadows, until finally Richard Ruffalo saw nothing at all. By the time he was 30, a degenerative disease had all but destroyed Mr. Ruffalo's vision. The year was 1981, and he was teaching biology at Belleville High School when he learned he would be fully blind in a matter of months. Overwhelmed by what he called "an encroaching sense of doom," he decided to abandon his career.
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NEWS AND TOPICS: SCHOOLS;Flunking the State's Efficiency Test: 3 Districts Explain Why
Date: 15 October 1995
By Abby Goodnough
Abby Goodnough
Nine months after Governor Whitman presented a plan to withhold state aid from school districts that overspend on administration, the State Department of Education has announced a new round of penalties. Unless they cut administrative costs by July, 73 districts will lose a combined $10.3 million in the 1996-97 school year.
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Turkish Prime Minister May Face New Election
Date: 16 October 1995
The Government of Prime Minister Tansu Ciller lost a vote of confidence today in the Parliament, prompting her own party to call for snap national elections to be held on Dec. 24. With Mrs. Ciller deserted by members of her own True Path Party as well as by new allies in her newly formed minority Government, her defeat by a vote of 230 to 191 ushers in a period of uncertainty at a time when Turkey is moving toward closer ties with the European Union.
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