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Union to Resume Talks With News's Suitor

Date: 14 October 1992

By Ralph Blumenthal

Ralph Blumenthal

Under pressure from other unions eager to cement labor agreements for a pending sale of The Daily News , the Newspaper Guild will resume talks today with the bankrupt paper's likely buyer, Mortimer B. Zuckerman , union leaders said last night. The guild, which represents newsroom, advertising and clerical employees, remains the only union at the paper that has not reached a tentative contract settlement with Mr. Zuckerman. Yesterday the guild sought to stall ratification votes by other unions until it could reach its own agreement.

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INSIDE

Date: 13 October 1992

Nobel for a Cell Discovery Two Americans won the Nobel Prize in medicine for finding a regulatory mechanism that affects almost all cells. Science Times, page C3. Dinkins Retreats on Cab Plan Mayor Dinkins will offer a more modest plan to put more taxis outside the Manhattan business core. Page B1. Abrams Calls Foe a 'Fascist' Robert Abrams called Senator Alfonse M. D'Amato a "fascist," then refused to apologize. Page B1. Waiting for Abortion Two months after Mississippi started enforcing a waiting period, the number of abortions has fallen. Page A14. A's Still Alive in Playoffs Oakland beat Toronto, 6-2, and trails 3 games to 2 as the American League playoffs shift to Toronto. Page B9.

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INSIDE

Date: 14 October 1992

Why Hispanic Students Quit While school dropout rates among whites and blacks have declined, the rate for Hispanic youths has stayed at 35 percent. Education, page B9. Wearily, Cairo Digs Itself Out Cairo began to dig out after the earthquake that left an estimated 450 people dead and 4,000 injured. Page A14. Bonn Considers Refugee Law Germany's coalition partners agreed on a plan to curb immigration to try to halt attacks on foreigners, but its prospects are uncertain. Page A9. Pirates Even the Playoffs Pittsburgh beat Atlanta, 13-4, to tie the National League playoffs at three games apiece. Page B11. Maiden 'Voyage' Philip Glass's work on Columbus and the theme of exploration had its premiere at the Metropolitan Opera. Edward Rothstein's review, page C17.

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Conagra Share Offer

Date: 13 October 1992

By Bloomberg News

Bloomberg News

Charles M. Harper, the chairman of Conagra Inc., will sell about 40 percent of his common shares in the company, Conagra said today. Mr. Harper owned 2.5 million shares as of July 31, according to Conagra's August proxy statement. The food company has about 245 million common shares outstanding. The timing of the sale has not been determined. At today's closing price of $30.125 a share, the sale of 40 percent of Mr. Harper's holdings, or more than a million shares, would bring in more than $30 million. The Conagra chairman is selling the stock to pursue "personal business investments and commitments," the company said.

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A BID FOR CONTINENTAL AIRLINES IS WITHDRAWN

Date: 13 October 1992

By Bloomberg News

Bloomberg News

Benefit Concepts New York Inc. said yesterday that it had withdrawn its $425 million offer for Continental Airlines because of the carrier's refusal to provide it with financial information needed to develop a formal bid. Continental's board earlier refused to recognize the group's bid because it included $400 million worth of debt.

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Net at Pfizer Increases 7.5%

Date: 14 October 1992

By Bloomberg News

Bloomberg News

Pfizer Inc. said yesterday that third-quarter net income was about in line with expectations, rising 7.5 percent, to $297 million, or 88 cents a share, from $274.7 million, or 81 cents a share, a year earlier. Sales at the pharmaceutical and health products company increased to $1.83 billion from $1.77 billion, up 3 percent over the period a year earlier.

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Barnett Bank Earnings Up

Date: 14 October 1992

By Bloomberg News

Bloomberg News

Barnett Banks Inc. said today that third-quarter earnings rose 58 percent because of lower additions to loan-loss reserves, continued expense control and higher noninterest income. Net income for the nation's 19th-largest financial institution increased to $58.5 million, or 73 cents a share, from $37 million, or 51 cents a share, in the period a year earlier.

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BECHTEL FORMS PARTNERSHIP WITH SINGAPORE BUILDER

Date: 14 October 1992

By Bloomberg News

Bloomberg News

Bechtel International Inc., a unit of one of the world's largest engineering and construction groups, has formed a partnership with Singapore's Sembawang Group to bid for six infrastructural projects, worth between $500 million and $800 million, in the Southeast Asian region. The Bechtel Group, a privately held American company based in San Francisco, said the six projects the partnership planned to bid on include oil and gas projects in Malaysia, rail transportation and gas plants in Thailand, a transportation system in Singapore and a variety of projects in Brunei.

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COURT ALLOWS LIONEL TO INCREASE BORROWING

Date: 14 October 1992

By Bloomberg News

Bloomberg News

The Lionel Corporation, which filed for Chapter 11 bankruptcy protection in June, said yesterday that the bankruptcy court in Manhattan had allowed the company to increase its borrowing under its credit agreement until Dec. 31. Lionel, owner of three toy store chains, said it needed the additional credit to purchase goods for the crucial Christmas selling season. The company has a $55 million debtor-in-possession credit facility with the CIT Group/Business Credit, Inc.

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Loral Unit Gets Army Contract

Date: 13 October 1992

By Bloomberg News

Bloomberg News

Loral's Vought Systems Unit said today that it had won a $202 million contract from the Army to develop and demonstrate a new antitank weapon system that will replace the TOW missiles currently in use. Loral won an $80 million Army contract last year to design the missile.

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