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19th of November 1992 News
Novice, kot so bile prikazane na prvi strani New York Timesa na 19. november 1992
Man in the News; An Inspector With No Shortage of Enemies: Sherman Maxwell Funk
Date: 20 November 1992
By Steven A. Holmes
Steven Holmes
Sherman Maxwell Funk is no stranger to trouble. The man who was asked to investigate efforts by State Department officials to dig up dirt on Bill Clinton during the Presidential campaign is, after all, that same bureaucrat who incurred the wrath of the powerful pro-Israeli lobby this spring by producing a report asserting that Israel had violated export restrictions on American military technology.
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Pittsburgh Paper in Accord
Date: 19 November 1992
The Pittsburgh Post-Gazette and the teamsters' union reached a tentative labor agreement today, putting within reach a settlement of an extremely bitter labor dispute that has halted publication of Pittsburgh's two daily newspapers for 187 days. Management and union leaders would not release details of the contract until after the newspaper reached agreement with nine other unions whose contracts expired last year. But both sides were optimistic that those negotiations would go relatively smoothly.
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On My Mind; The Bigotry Trade
Date: 20 November 1992
By A. M. Rosenthal
A.
When everybody shouts nobody listens. In New York City these days, there's an awful lot of mouth about black and Jew but hardly any ear. Racial deafness is wonderfully profitable -- for all the political, neighborhood and journalistic bigotry-peddlers, all the eager matchmakers of hatred.
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Heating Oil Prices Tumble On News of Ample Supplies
Date: 19 November 1992
By Bloomberg News
Bloomberg News
Heating oil for delivery in December tumbled yesterday to its lowest level since early March, in reaction to further evidence that winter supplies are ample. After the close of trading on Tuesday, the American Petroleum Institute said United States distillate stocks, which include heating oil, jet kerosene and diesel fuel, rose by 2.7 million barrels in the week ended Nov. 13 to 138.4 million barrels.
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Audi Planning Job Cuts
Date: 20 November 1992
By Bloomberg News
Bloomberg News
The German car maker Audi A.G., a subsidiary of the Volkswagen group, said today that it would cut 3,000 to 4,000 jobs at its Ingolstadt and Neckarsulm plants next year. This is more than 10 percent of its work force of 37,500 at those two plants.
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JUDGE REJECTS STOLICHNAYA TRADEMARK SUIT
Date: 20 November 1992
By Bloomberg News
Bloomberg News
A Federal judge today rejected a law suit seeking to overturn Pepsico's exclusive right to sell Russian vodka in the United States under the Stolichnaya trademark. Pepsico has imported vodka under the Stolichnaya name since 1973 under a barter agreement with a Soviet state agency.
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MCDONNELL CUTS PRODUCTION ON TWO MODELS
Date: 19 November 1992
By Bloomberg News
Bloomberg News
Faced with continued weakness in the market for new passenger jets, the McDonnell Douglas Corporation said yesterday that it would cut output of two models, the MD-80 and MD-11, next year and delay developing a third, the MD-95. McDonnell has borne the brunt of a price war that has caused huge losses at major airlines. The airlines responded by cutting spending on planes. In 1992, McDonnell expects to deliver 90 of its smaller MD-80 jets and 43 of its MD-11 wide bodies. But the St. Louis aerospace manufacturer reported that negotiations with bank lenders had progressed: the company received permission to sell assets and moved forward in efforts to obtain a new $400 million credit line.
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OPPENHEIMER DROPS BUY RECOMMENDATION ON BORLAND
Date: 19 November 1992
By Bloomberg News
Bloomberg News
Elliot Prince, an Oppenheimer & Company analyst, dropped a "buy" recommendation on Borland International Inc. on concerns about a price war in data bases with the Microsoft Corporation. Mr. Prince, who now rates Borland "market performer," cut his earnings estimates for Borland, to $1.10 a share from $1.50 a share for the year ending March 1993, and to $1.90 from $2.50 for the 1994 fiscal year. On Monday, Microsoft released Access for Windows, its first data base program, and said it would charge about $200 less a copy for Access than what competitors have charged. Borland, which has dominated the data base market with Paradox and dBase, signaled it was willing to meet Microsoft's prices. "Even if Borland wins" the data base battle, it is "winning at lower price points," the analyst said.
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DOW JONES TO TAKE $25 MILLION CHARGE
Date: 20 November 1992
By Bloomberg News
Bloomberg News
Dow Jones & Company said yesterday that it would take a $25 million charge in 1992 to cover accounting changes and write-downs at two publishing investments and will restate its financial statements for the first three quarters of 1992. The company said a charge of $8 million would be taken for reducing the book value of The Chapel Hill (N.C.) News and Groupe Expansion S.A., a French publishing group. "The idea is to call them what they're worth, as opposed to an inflated value," said Jan Abernathy, a spokeswoman.
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SMITHKLINE BEECHAM BUYS ICI's DENTAL BUSINESS
Date: 20 November 1992
By Bloomberg News
Bloomberg News
The consumer brands division of SmithKline Beecham P.L.C. said it had bought Imperial Chemical Industry P.L.C.'s dental business for an undisclosed amount. SmithKline Beecham said it had bought ICI's international Corsodyl business, a treatment for gingivitis, and the rights to a new polymer technology with oral hygiene applications.
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