2 Genteel Giants Meet in New Hampshire
Date: 12 June 1995
By Alison Mitchell
Alison Mitchell
Side by side in the nation's first Presidential primary state, President Clinton and Speaker Newt Gingrich faced off in the backyard of a senior citizens center today in an encounter so muted, so polite and so carefully conciliatory that it was often hard to distinguish the sharp philosophical differences between the two men. In the very first minutes of their unusual hourlong conversation, the President and the Republicans' most celebrated noncandidate agreed that they would support formation of a commission on lobbying and political reform. "In a heartbeat," said Mr. Clinton, "I accept."
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INFORMATION RESOURCES TO SELL SOFTWARE TO ORACLE
Date: 13 June 1995
By Bloomberg News
Bloomberg News
Information Resources Inc. said yesterday that it would sell some of its transaction-processing software business to the Oracle Corporation for about $100 million in cash. Information Resources, based in Chicago, tracks consumer buying through the scanners at grocery and drugstore checkout stands. It said it would sell its Express line of software products to Oracle. Information Resources's Express programs can analyze huge streams of data, like airline reservations or grocery store purchases, for particular patterns.
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SEARS NEGOTIATING TO SELL ITS SHOPPING MALL PROPERTIES
Date: 13 June 1995
By Bloomberg News
Bloomberg News
Sears, Roebuck & Company said yesterday that it was negotiating the sale of its shopping-center properties to General Growth Properties Inc., moving the retailer closer to an exit from the real estate business. Sears said it would negotiate only with the General Growth Properties, a real estate investment trust based in Des Moines, for the Homart Development Company's mall portfolio, which has been valued at about $1.6 billion. The companies did not reveal their tentative price tag.
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International Briefs; Swiss Cross-Selling
Date: 13 June 1995
By Bloomberg News
Bloomberg News
Zurich Insurance, Switzerland's largest direct insurer, and the Swiss Bank Corporation, the nation's third-biggest bank, said yesterday that they had extended their cross-selling agreement to a broader range of products. From 1996, Swiss Bank branches will sell Zurich's property, liability and accident insurance policies in addition to the life insurance policies already available. At the same time, Zurich Insurance agents will begin marketing Swiss Bank's investments and products to their clients.
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International Briefs; Unigate Reports A Drop in Profits
Date: 13 June 1995
By Bloomberg News
Bloomberg News
Unigate P.L.C., a British dairy and food-processing company, yesterday reported a 43.1 percent drop in its pretax profit in the year that ended on March 31 as rising milk costs and declining home deliveries prompted an expensive reorganization plan, including job cuts. Unigate reported pretax profit of $:58.3 million ($93 million) for the year ended March 31 after taking the same amount, $:58.3 million, in one-time charges to reorganize its dairy and fresh food businesses. In the previous fiscal year, Unigate had pretax profit of $:102.4 million.
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Dollar Declines Over Concerns About the Tokyo Stock Market
Date: 13 June 1995
By Bloomberg News
Bloomberg News
The dollar slipped against the yen and most other leading currencies yesterday as concerns mounted that a slide in the Tokyo stock market would prompt Japanese investors to sell overseas assets to cover losses at home. The Nikkei index of 225 issues fell yesterday to its lowest close in nearly three years, fueling speculation that Japanese investors would bring capital home from abroad. That could hurt the dollar if Japanese investors sell American assets and convert the dollar proceeds into yen.
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Chip Index Is Highest in Almost 10 Years
Date: 13 June 1995
By Bloomberg News
Bloomberg News
The Semiconductor Industry Association's book-to-bill ratio for May rose to its highest level in nearly a decade, indicating demand for computer chips remained strong going into the traditionally slow summer season. The higher-than-expected ratio of 1.22 in May, up from a revised 1.17 in April, was buoyed by a record $4.3 billion in new orders from the North American market, the association said.
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F.D.A. Move Lifts Immune Response Stock
Date: 13 June 1995
By Bloomberg News
Bloomberg News
Shares of the Immune Response Corporation soared today after the biopharmaceutical company said it had won the approval of the Food and Drug Administration to use an HIV treatment made at the company's plant in Philadelphia. The Immune Response therapy is intended to strengthen the immune systems of people with the Human Immunodeficiency Virus, though it does not attack the virus directly. The product is an intramuscular injection, similar to a vaccine, given once every three months that tries to slow the onset of AIDS.
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Airbus Gets $1.2 Billion in Aircraft Orders
Date: 13 June 1995
By Bloomberg News
Bloomberg News
Airbus Industrie, operating in what its managing director called "a fiercer, cutthroat competitive environment" with the Boeing Company, announced aircraft orders at the Paris Air Show today, one day after the American company had made its own announcement. Airbus, the European consortium, announced an order confirmation and the exercise of an option that together call for the delivery of 30 A-319's valued at $1.17 billion. Boeing announced orders of $550 million on Sunday.
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News Summary
Date: 12 June 1995
International A2-9 NUCLEAR AGREEMENT STYMIED Three years after Russia agreed to provide the United States with uranium from scrapped weapons, the deal is unraveling. A1 JAPAN'S WAY WITH APOLOGIES The issue of remorse for World War II aside, in most respects, Japan is the most apologetic country in the world. A1 MOMENTUM IN THE MIDEAST The goal of Secretary of State Warren Christopher's Mideast swing was not momentous agreements, but to get things moving again. A2 FATAL BOMBING IN COLOMBIA At least 30 people were killed and more than 200 injured when a powerful bomb exploded in the city of Medellin. A8 A drug cartel leader's arrest raises hopes in Colombia. A8 RESCUED PILOT'S RETURN As Capt. Scott O'Grady, fresh from his rescue in Bosnia, returned to his family in the United States, the White House and the military were examining why he was shot down in the first place. A3 HAITIAN ELECTIONS AHEAD With Haitians scheduled to vote this month in their first election since democracy was restored last fall, organizers are struggling to keep the balloting on track. A8 SHIFTING POLICY ON CUBA The Clinton Administration is considering expanded contacts between Americans and Cubans, such as academic exchanges, as a way of undermining Fidel Castro. A9 Germany's floundering Free Democrats chose a new leader. A3 Unicef study gives the United States low marks on foreign aid. A5 National A10-13, B6-8 LOTUS YIELDS TO I.B.M. OFFER The Lotus Development Corporation accepted a takeover offer of $64 a share from I.B.M., a total of more than $3.5 billion, in what is the largest acquisition ever of a software company. A1 CLINTON AND GINGRICH FACE OFF Sharing a stage in New Hampshire, President Clinton and Speaker Newt Gingrich politely debated Medicare, foreign policy and the Federal budget. A1 A MEETING OF SELF-INTERESTS News Analysis: The meeting in New Hampshire was a testament to the wary mutual self-interest that made Newt Gingrich leap at the chance, and led the President to take the risk of letting him. B6 When Newt Gingrich went looking for moose, he got an earful. B6 RECOGNITION FOR BISEXUALS A generation of young people is increasingly accepting what older Americans have generally denied: that between the two poles of heterosexuality and homosexuality, there is middle ground. A12 SUSPECT'S BROTHER BACK HOME James Nichols, whose brother is being held in the Oklahoma City bombing, is back at his farm in Michigan and following a grueling routine. A10 MILITIAS SEARCH FOR DISTANCE At a fair in Orlando, Fla., leaders and members of self-styled citizen militias did their best to distance themselves from the Oklahoma City bombing. A10 A VOICE FOR POLICE OFFICERS Using a small computer and an array of printers, Cynthia Brown has become the darling of a hefty segment of the nation's law-enforcement community. A13 BIG CUTS FOR MEDICAID While lobbyists and lawmakers fight over Medicare, House and Senate negotiators are at work on the final plans for even bigger changes and deeper cuts in projected spending for Medicaid. B7 MARCH PLANNED FOR BLACK MEN A coalition of black organizations, meeting in Houston, planned a march on Washington by a million black men. B7 SIMPSON CASE'S LONG REACH A year after Nicole Brown Simpson and Ronald Goldman were killed, the case has permeated the nation's legal and social landscape as no other trial in recent times. B8 TRIAL SOUGHT FOR INMATE A former journalist convicted in the death of a police officer should have a new trial because evidence was suppressed, his lawyers say. B8 Metro Digest B1 CRACKDOWN AIDS GARMENT TRADE Three years after prosecutors claimed they had broken the mob's control over trucking routes in New York's garment industry, many manufacturers say that shipping costs have dropped sharply. A1 WHERE TEACHERS EARN THE MOST It may not be a center for research or boast a long list of famous alumni. But there is one arena in which Nassau Community College is an unqualified standout: The amount it pays its professors. A1 BEAUTY REIGNS ON THE MAGIC BUS Welcome to the Magic Bus, circa 1995, where the magic is makeup and the destination is the summer swirl of high-society weddings and see-and-be-seen restaurants of the Hamptons. A1 Obituaries B10 Lindsey Nelson, sports broadcaster. Zoilo Versalles, shortstop who led the Minnesota Twins to the pennant. Arts/Entertainment C11-16 A union challenges two visiting ensembles. C11 Music: Asian music and jazz. C13 Softened rock from Wilco. C14 A computer's story line. C13 Dance: Vinogradov and the Kirov. C11 Paloma Herrera role debut. C16 Robbins's "Watermill" by City Ballet. C16 Theater: "Music of Andrew Lloyd Webber." C14 Books: "The Garlic Ballads." C13 TV: "Absolutely Fabulous." C11 Critic's Notebook. C14 Business Digest D1 Sports C1-9 Baseball: The Mantle clan. C1 Yanks rediscover bats. C7 Mets inventive at losing. C7 Basketball: Rockets go up 3-0. C1 Columns: Anderson on Devils. C4 Vecsey on N.B.A. C5 Golf: Open is for the tough. C2 Hockey: Late Devils goal wins. C1 Olympics: Salt Lake City bid. C5 Racing: Lukas in control. C3 Tennis: Muster's first Slam. C3 Editorials/Op-Ed A14-15 Editorials Ms. Reno ducks. Nuclear commitments. Living, dying and the law. More flag-waving in Congress. Letters William Safire: Love-feast debate. Anthony Lewis: A Chinese puzzle. Maggie Gallagher: The law on their side. Brent Scowcroft: Foreign aid has its uses. Bridge C16 Chronicle B9 Crossword C16
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