Ponovno predvajanje četrtek, 3. november 1994

Thomas Case Shows Divide At the Journal

Date: 03 November 1994

By William Glaberson

William Glaberson

Across the front page of its second news section yesterday, The Wall Street Journal published an article based on a much-promoted new book by two of the newspaper's journalists. The article, "A Closer Look at Clarence Thomas," was filled with information that the writers, Jane Mayer and Jill Abramson, said corroborated Anita F. Hill's version of events in the hearings that transfixed the country three years ago.

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VOTERS DISGUSTED WITH POLITICIANS AS ELECTION NEARS

Date: 03 November 1994

By Katharine Q. Seelye

Katharine Seelye

Heading into Tuesday's election, voters are profoundly alienated from their elected representatives and from the political process and confess to a deepening powerlessness and pessimism over the future of the nation, according to the latest New York Times/CBS News Poll. Disgust with Congress is near the recorded high, and more than 60 percent of those polled were unable to name an elected official they admired.

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At the Bar; New television stars in the O. J. Simpson case galaxy: the lawyer-commentators.

Date: 04 November 1994

By David Margolick

David Margolick

One day not long ago, a local lawyer, Jay Jaffe, approached Roger Cossack, another member of the bar, in Nate and Al's, the venerable Beverly Hills delicatessen and agora. "Rog, my ratings are higher than yours," Mr. Jaffe declared. "Nationally, but not internationally," Mr. Cossack replied.

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Editors' Note

Date: 03 November 1994

An article on Oct. 24 about The National Enquirer's coverage of the O. J. Simpson case compared that tabloid's performance with those of several mainstream television stations, newspapers and magazines. It cited false reports or missteps by some of those organizations. As one example, the article reported that The New Yorker magazine, in the July 25 issue, speculated that a Los Angeles police detective, Mark Fuhrman, planted a bloody glove at Mr. Simpson's estate.

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Fuss Over Photos of Mitterrand's Other Child

Date: 04 November 1994

By Alan Riding

Alan Riding

Breaking a French taboo on press revelations about the private lives of public figures, Paris-Match magazine published photographs today of a young woman whom it described as President Francois Mitterrand's daughter, who was born out of wedlock. The magazine's decision promptly set off a stormy debate, but not about Mr. Mitterrand's morals. Rather, Paris-Match was roundly criticized by French politicians and journalists for dragging the French press toward the muck-raking practices of British and American tabloids.

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Strike Prevents Delivery of San Francisco Daily Newspapers

Date: 03 November 1994

By David Margolick

David Margolick

Employees of this city's two major daily newspapers, longtime rivals that have limped along under a joint operating agreement since 1965, went on strike Tuesday night as 2,600 reporters, editors, drivers, press operators and paper handlers walked off the job. They had been working without a contract for the past year. The work stoppage at The Chronicle and The Examiner, the first at the newspapers since a 52-day walkout in 1968, began a day after the original Halloween strike deadline set by eight unions had been extended for a flurry of last-minute negotiations. But the talks failed, and while hundreds of thousands of papers for Wednesday were printed, few if any reached readers' hands.

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Rowland Is Ousted At Lonrho

Date: 04 November 1994

By Bloomberg News

Bloomberg News

LONDON, Nov. 3 Roland W. (Tiny) Rowland, the public face of Lonrho P.L.C. for more than three decades, has been ousted as joint chief executive, signaling the end of a struggle for control of the company with Dieter Bock, its joint chief executive. The company said today that it had asked Mr. Rowland to retire. "It was the collective opinion of the board of Lonrho and seen as necessary for the company," a spokesman, Anthony Cardew, said. - Mr. Rowland, 77, built a sleepy Rhodesian mining and ranching company into a London-based conglomerate with broad international interests in mining, property, agriculture and hotels. He gained renewed prominence in 1985 with a failed attempt to buy Harrods in London. The announcement today follows a well-publicized power struggle between Mr. Rowland and Mr. Bock, a German developer who was hand-picked by Mr. Rowland to join the board. "I'm quite surprised at the news," said Charles Pick, a financial analyst at Panmure Gordon & Company. He said that financial analysts in London thought "that the company will become a more normal company solely under Bock." Lonrho said Mr. Rowland would resign as joint chief executive and managing director at the end of the year and would continue as a nonexecutive director until the company's annual meeting in March, when shareholders will be asked to approve his appointment to the honorary role of president. He will continue to receive his current salary and benefits until Dec. 31, 1995. Analysts said the recent changes at the diversified conglomerate, which was known for its penchant for secrecy under Mr. Rowland, were inevitable. In January, at the company's first board room meeting in 25 years, Mr. Bock said he planned to sell some of the company's 700 businesses while buying other operations to strengthen the company's already extensive interests in Africa. Lonrho has since been streamlined and has disposed of a number of businesses, including its 50 percent stake in the trading group Krupp Lonrho G.m.b.H. and The Observer newspaper. In the six months that ended on March 31, Lonrho earned $:41 million, or about $63 million. Although his nickname is Tiny, Mr. Rowland is more than 6 feet tall. He has been one of the most flamboyant figures in the business world. Over the years he built an empire -- mostly in Africa -- of gold, platinum and coal mines, and sugar, cotton and tea plantations. In 1973, he defeated an effort to oust him, a battle that prompted Prime Minister Edward Heath to call Mr. Rowland "the unpleasant and unacceptable face of capitalism." COMPANY NEWS

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Kidder Talks Severance Pay

Date: 03 November 1994

By Bloomberg News

Bloomberg News

Kidder, Peabody & Company, in a memorandum to employees, has told them what compensation they should get if they lose their jobs when the securities firm is sold to Paine Webber Group Inc. Employees who are not hired by Paine Webber will get paid two weeks of severance for each year of employment at Kidder, with a minimum payment of four weeks and a maximum of 52 weeks, the 13-page memo said.

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RELIANCE BOARD LEAVES BID TO SHAREHOLDERS

Date: 04 November 1994

By Bloomberg News

Bloomberg News

The board of the Reliance Electric Company refused yesterday to either recommend or reject a $1.5 billion tender offer from the Rockwell International Corporation, leaving the decision to shareholders. Reliance's board determined "that it is unable to take a position with respect to the offer and is making no recommendation," the company said in a filing with the Securities and Exchange Commission. On Oct. 20, Rockwell made a hostile offer to acquire Reliance Electric, which is based in Cleveland, for $30 a share in cash. Reliance had already agreed to merge with the General Signal Corporation for $27 a share in stock. Despite its refusal to take sides officially, Reliance said in the filing, "the board believes its continued support of the proposed Reliance-General Signal merger remains in the best interests of the company and its stockholders."

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NATIONSBANK AND DEAN WITTER TO SPLIT VENTURE

Date: 04 November 1994

By Bloomberg News

Bloomberg News

The Nationsbank Corporation and Dean Witter Reynolds Inc. said yesterday that they planned to split up their joint venture, the brokerage unit Nations Securities. Nationsbank, the banking company based in Charlotte, N.C., said it would keep the part of the brokerage firm that sells mutual funds and other investment products through its retail branch network. Dean Witter will keep the part that markets brokerage services to other banks. Dean Witter Reynolds, a unit of Dean Witter, Discover & Company, has a sales force of 7,800 in 340 offices.

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