7th of August 1991 News
Nyheder, som de udkom på forsiden af New York Times på 7. august 1991
Bell Atlantic Deal
Date: 07 August 1991
By Bloomberg Business News
Bloomberg News
The Bell Atlantic Corporation, a regional Bell company based in Philadelphia, won approval from the Federal Trade Commission to acquire an interest in the American Financial Service Group, a subsidiary of MNC Financial Inc. of Baltmore. The F.T.C. granted an early termination on Friday for the required waiting period under antitrust laws. Officials at MNC were unable to comment on any specific terms of the transaction.
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Tisch Group Cuts Bay Banks Stake
Date: 07 August 1991
By Bloomberg Business News
Bloomberg News
A group led by Laurence A. Tisch, the chairman of CBS, cut its stake in Bay Banks Inc. to 7.8 percent. Last August, the group, which includes members of the Tisch family, reported taking a 9.5 percent stake in the Boston company. In a filing with the Securities and Exchange Commission, the group said it sold 114,100 shares between July 3 and July 30 at $13.44 to $17.18 a share. The group now holds 1,256,400 Bay Banks shares. Bay Banks stock fell $1 today, to $15.50, in over-the-counter trading.
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NEWS SUMMARY
Date: 08 August 1991
International A3-13 The sanctions against Iraq will continue, the U.N. Security Council decided, though it will allow Baghdad a one-time exception to sell about $1.6 billion worth of petroleum to pay for food and medical supplies. Page A1
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NEWS SUMMARY
Date: 07 August 1991
INTERNATIONAL A2-7 U.S. military trainers will go to Peru to help the Peruvian military deal more effectively with drug traffickers and guerrillas involved in the production and smuggling of cocaine, the Administration said. Page A1 President Menem of Argentina is enmeshed in a scandal in which some of his advisers are charged with laundering drug money. But the scandal may be a chance for the nation to begin exorcising its long history of corruption. A6 The right of Ontario Indians to be self-governing, a goal long sought by them, was formally recognized by the province's government. A5 The U.S. must ask Yasir Arafat to choose the Palestinian delegation for a Middle East peace conference and guarantee that Israel will trade land for peace, or else the Palestinians will not be represented at the talks, Mr. Arafat said. A6 Kidnappers holding two U.S. hostages said in a communique in Beirut that they would send an envoy with "an extremely important message" to the U.N. Secretary General within the next 48 hours. A6 A cease-fire in Yugoslavia was agreed to by the leaders of its warring factions. The savage fighting had brought the nation to a standstill, and raised alarm throughout the rest of Europe. A3 Europeans press for Yugoslav settlement A3 The owner of the Oceanos, the cruise liner that went down off the coast of South Africa, has a history of mishaps, with three ships having sunk in the last three years. A2 Impact on cruise industry of liner's sinking is small D1 U.N. Journal: Running to run the world's agenda A4 NATIONAL A8-18 Interests rates were pushed down a notch by the Federal Reserve, a move that analysts said was needed to stimulate the economy, which is recovering from the recession at a sluggish rate. A1 The nation's senior bank regulator, William Seidman, announced his resignation, more than a year after the White House tried very publicly to remove him from office. D1 The Medicaid program in Arizona has become a model for the quality of care it offers and its ability to maintain costs. It is run like a giant health maintenance organization. A1 At least five intelligence officials who worked in the Reagan Administration, including some who occupy espionage jobs in the Bush Administration, have been notified that they are under scrutiny in the Iran-contra investigation, Government officials said. A1 Bush welcomes '80 campaign inquiry A18 Helms defends disclosure of ethics panel report A18 The shrinking of the military will have a significant effect on blacks. It is generally agreed that blacks have been given greater opportunity for advancement in the military than in civilian life. A1 Needle-exchange programs were endorsed by the National Commission on AIDS as a way of reducing the spread of AIDS among drug users, who are a rising proportion of people infected with the disease. A1 New York dentist faces fine for refusing to treat AIDS patient A14 Doctors reassess the risk of asbestos A15 The Justice Department has sided with an anti-abortion group in Wichita, Kan., that is fighting a Federal judge's effort to keep three abortion clinics open there. A10 Senator John D. Rockefeller 4th will announce today that he has decided not to seek the 1992 Democratic presidential nomination, said a Democrat close to the West Virginian. A8 Ruling clears special election in Pennsylvania A9 Wide attack on hiring of illegal aliens A10 Child's love of cruelty may hint at the future killer A8 Six in Amish family killed as truck slams a buggy A17 REGIONAL B1-4 Gov. Cuomo's panel on black affairs disassociated itself from a City College professor's angry attack on Jews at a black cultural festival it co-sponsored last month. B1 A budget without an income tax will be signed or vetoed today by Governor Weicker, he said, and then proceeded to gather support for the veto his opponents in the legislature are expecting. B1 Dinkins finds millions more for the schools B2 News analysis: Mayor Dinkins tries a new tack B3 To counter tax cynics, Florio's party tries ads B2 A woman was killed and dismembered in her Washington Heights apartment, the police said. A suspect, a man who rented a room from her, was arrested in the home. B1 Julio Gonzalez had undergone "a brief psychotic episode" and therefore was not responsible for starting the fire at the Happy Land Social Club that killed 87 people, a psychologist testified. B3 In Brooklyn and the Bronx, two games turn deadly B3 Police say officer abducted and raped woman B4 Adopted son says father didn't have sex with children B4 Banks are following the immigrants to Flushing. There are at least 35 banks -- American, Chinese, Korean, British, Indian, Pakistani and Colombian -- tailoring their strategies to serve the savings-minded residents. B1 About New York: Learning to love things that slither B3 BUSINESS DIGEST D1 The Living Section Restaurant inspections have new rules and are run by many new inspectors. The emphasis is no longer on rat holes but on conditions that more directly affect food, like the temperatures of refrigerators and steam tables. A1 The queen of food promotion C1 Monster trucks and their drivers C1 De Gustibus C6 Wine Talk C8 Arts/Entertainment A $23,000 film attracts a following C13 Weaving a life of the Jameses C13 Jewish exhibit in Berlin is in jeopardy C13 Theater: "Waste," at the Living Theater C13 Education Page Black churches are helping schools in inner-city neighborhoods fight the social ills that seem to doom many children to educational failure. Because of their success, the churches have been attracting funds from private and governmental sources. A1 Educators draw outline for nationwide testing A19 Health Page Finding the secrets of caffeine, the drug C1 Personal Health C11 Sports B5-10 Baseball: Pirates add to Mets' woes B5 White Sox rout Yanks, 14-5 B5 Tomlin continues mastery of Mets B9 Columns: Berkow on Paul Brown B7 Claire Smith on Baseball B5 Football: Handley can't understand boos for Simms B5 Dickerson hoping for a season without controversy B7 Golf: Stockton taking a close look B8 Pan American Games: Steinbrenner upset B8 Sports Business: F.T.C. denied on college games B9 Obituaries D21 Harry Reasoner died at 68. His wry wit and low-key, unflappable delivery were mainstays in network newscasting for four decades. Editorials/Letters/Op-Ed Editorials A20 Press Iraq to disarm D'Amato celebrates too soon The right way to rerun 1980 Hang in there, Mr. Weicker Letters A20 Anna Quindlen: Enough bookshelves A21 Leslie H. Gelb: Ox-goring time in New York A21 James Reston: A jerky start toward '92 A21 Elaine Tyler May: Women in the wild blue yonder A21
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Hewlett-Packard
Date: 08 August 1991
The Hewlett-Packard Company said it would acquire Avantek Inc., a microwave electronics company, for $4.60 a share, or a total of $82.8 million. Avantek, which is based in Santa Clara, Calif., makes microwave components for use in radio communications, satellite receivers and electronic warfare. Hewlett-Packard, based in Palo Alto, Calif., said the acquisition would strengthen its own microwave components business.
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COMPANY BRIEFS
Date: 08 August 1991
* Advance Display Technologies Inc., Golden, Colo., a fiber-optics subsidiary of American Consolidated Growth Corp., said it had signed a letter of intent to acquire another fiber-optic concern, Strahl Technologies Inc., Vancouver, British Columbia. * Alberto-Culver Co., Melrose Park, Ill., said it had reached an agreement to acquire about 25 percent of the capital stock and 75 percent of voting control in Cederroth Nordic A.B., a Swedish consumer products concern, from Salve Holding B.V. The transaction is valued at about $18 million.
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COMPANY BRIEFS
Date: 07 August 1991
* Almac's Inc, East Providence, R.I., an operator of 46 New England supermarkets, was purchased for more than $100 million by Wetterau Inc., Hazelwood, Mo., a food wholesaler; Leonard Green & Partners, a Los Angeles buyout firm, and the Yucaipa Companies, Claremont, Calif,, a supermarket investment and operating company. * First of America Bank Corp., Kalamazoo, Mich., agreed to buy Champion Federal Savings and Loan Association, Bloomington, Ill., pending Government approval. * Oakwood Homes Corp., Greensboro, N.C., signed a letter of intent to acquire 14 North Carolina manufactured-home stores operated by Foster's Housing Center Inc. * Riverwood International Corp., Atlanta, a packaging company, agreed to acquire another packager, Minnesota Automation, Crosby, Minn. Terms were not disclosed. * Titan Corp., San Diego, a high-technology company, acquired a computer consultant, Stonehouse Group, Denver, in exchange for common stock. * Toshiba Corp,, Tokyo, opened a computer-disk-drive factory in San Jose, Calif. * Valcom Inc., Omaha, Neb., a computer retailer, completed an agreement to merge with Inacomp Computer Centers Inc., Troy, Mich., to form Inacom Corp. * Willis Corroon P.L.C., London, an insurance company, agreed to acquire two Cleveland insurance firms, J. J. Balaguer & Co. and J. E. Moenkhaus & Associates. The firms will merge as Willis Corroon, Cleveland.
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Review/Television; What Will Be Left Over From the News at 7 Menu
Date: 07 August 1991
By Walter Goodman
Walter Goodman
When "NBC Nightly News" moves from 7 P.M. to 6:30 P.M. on Sept. 9, joining the other network news programs, the slot that was once dominated by network news will be left to the tabloidy "Hard Copy" on Channel 2, "Jeopardy," the popular game show on Channel 7, and a new game show, "Rough Connections," on Channel 4. New Yorkers who have trouble getting to their sets before 7 but want the day's headlines will then have a choice between "The MacNeil-Lehrer Newshour" on Channel 13 and "Fox News at 7" on Channel 5. Whatever one's tastes, it is not a close call. While "Macneil-Lehrer" is exploring the possibilities of peace in the Middle East or the likelihood of Clarence Thomas's elevation to the Supreme Court or the consequences of bank failures, the Channel 5 program, anchored by Jack Cafferty and Cora-Ann Mihalik, will be doing what local news does, only worse.
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Norwest Selling Preferred Stock
Date: 08 August 1991
By Bloomberg Business News
Bloomberg News
The Norwest Corporation, a commercial banking company based in Minneapolis, said yesterday that it was selling $175 million of convertible preferred stock to institutional investors privately with the help of a group of underwiters. "We decided it is a good time to augment capital," said John Crumrine, the company's treasurer.
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U.S.-Communist Trade
Date: 08 August 1991
By Bloomberg Business News
Bloomberg News
The United States posted a $1.4 billion trade deficit with Communist countries in the first quarter of 1991, the International Trade Commission said. That compares with a $922.9 million deficit a year earlier and is "well below the record quarterly deficit of $3.3 billion for July-September 1990," the commission said. "The deficit in trade with China increased from $1.9 billion to $2.2 billion and the surplus in trade with the Soviet Union declined from $932.4 million to $802 million," the commission said.
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