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10th of March 1994 News
Novice, kot so bile prikazane na prvi strani New York Timesa na 10. marec 1994
U.S. Judge Frees Daily News From Maxwell Case Claim
Date: 10 March 1994
By Michael Janofsky
Michael Janofsky
A Federal bankruptcy judge yesterday ruled invalid a claim of more than $92 million against the American corporation that owned The Daily News of New York when it was controlled by Robert Maxwell. The claim had been filed by the Mirror Group Newspapers P.L.C. of London, one remnant of Maxwell's overseas corporate empire. By a previous arrangement with other foreign creditors, the ruling also eliminated another $200 million in claims.
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Journal; The Silent Partner
Date: 10 March 1994
By Frank Rich
Frank Rich
Amazingly, Tuesday was the second anniversary of the New York Times article that broke the Whitewater mess -- as Whitewatergate is known to those of us who have not yet convicted the President. But it was just last weekend that the 16-year-old collision of a failed land deal and a failed S.&L., a story comprehensible only with Rube Goldbergesque flow charts, became a national craze. What changed? In substance Whitewater may have little in common with Watergate -- an abuse of power by a President in office -- but in form Whitewater has now started to mimic Watergate as cheesily as "Pretty Woman" replays "Pygmalion."
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At Home Abroad; Ripples Of Freedom
Date: 11 March 1994
By Anthony Lewis
Anthony Lewis
Thirty years ago this week the Supreme Court of the United States found that libel suits could threaten the freedom of speech and press guaranteed by the First Amendment. In the case of New York Times v. Sullivan, it put limits on libel to make sure that Americans could criticize public officials without fear. The High Court of Australia, the equivalent of the U.S. Supreme Court, is now considering the same issue. It is deciding whether to apply something like the reasoning of the Sullivan case to prevent libel suits from dampening criticism of politicians.
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Youth Guilty In the Slaying Of an Editor
Date: 10 March 1994
By Joseph P. Fried
Joseph Fried
A teen-ager from Colombia was convicted yesterday of killing Manuel de Dios Unanue, a journalist who crusaded against drugs, in a plot that prosecutors said was tied to a powerful Colombian drug cartel that was angered by Mr. de Dios's writings. A Federal District Court jury in Brooklyn found that the teen-ager, Wilson Alejandro Mejia Velez, 19, was the gunman who fired two bullets into Mr. Dios's head as he chatted at the bar in an Elmhurst, Queens, restaurant two years ago.
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WIDER GROUP KNEW ABOUT S.& L. TALKS IN THE WHITE HOUSE
Date: 11 March 1994
By Douglas Jehl
Douglas Jehl
A 1,000-page stack of documents surrendered to a special prosecutor today showed that more White House officials than the six already subpoenaed knew of internal discussions about a Federal investigation into an Arkansas savings and loan tied to the Clintons. The documents, which came from the offices of as many as 40 White House officials, were turned over by the White House in response to a sweeping subpoena by the special prosecutor, Robert B. Fiske Jr.
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Trump Nears Public Offer
Date: 10 March 1994
By Bloomberg News
Bloomberg News
Trump Taj Mahal Associates said yesterday that it had reached an agreement with investors that brings Donald J. Trump a step closer to being able to sell a stake in his three Atlantic City casinos to the public. "Our public intention is that we'll do" an initial public offering this year, John Burke, Trump's financial vice president, said.
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Vie de France Sale
Date: 10 March 1994
By Bloomberg News
Bloomberg News
The Vie de France Corporation has agreed to sell its chain of 31 bakery-restaurants to the Yamazaki Baking Company of Japan for $20 million in cash. Vie de France, which receives about three-quarters of its revenue from the restaurant division, announced a preliminary accord on Feb. 7.
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CONRAIL TO TAKE A CHARGE FOR RETIREMENT PROGRAM
Date: 11 March 1994
By Bloomberg News
Bloomberg News
Conrail Inc. said yesterday that 330 of its nonunion employees, or 80 percent of those eligible, had accepted an early retirement program, which is expected to result in a first-quarter charge of $75 million to $85 million. The freight rail company also said it expected its first-quarter results to be hurt by the severe winter weather in parts of the United States. Conrail, based in Philadelphia, said it planned to pay for 85 percent of the early retirement costs with money from its overfunded pension plans.
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PACIFIC MUTUAL TO ACQUIRE THOMSON ADVISORY
Date: 10 March 1994
By Bloomberg News
Bloomberg News
The Pacific Mutual Life Insurance Company agreed yesterday to acquire control of Thomson Advisory Group L.P. in a transaction valued at more than $900 million. Pacific Mutual said it would merge five investment businesses, including the Pacific Investment Management Company, or Pimco, with Thomson and name the combined businesses Pimco Advisers L.P. The combined business would have $70 billion in assets. In the deal, Pacific Mutual, based in Newport Beach, Calif., would acquire 12.35 million class A shares and 12.35 million class B shares of Thomson, a privately held concern in Stamford, Conn., that runs a family of mutual funds and manages money for institutions. Thomson's 4.3 million publicly held shares would be reclassified as class A shares. Thomson's stock was up $3.50, to $38.25, on the New York Stock Exchange, where its 10 percent gain was among the best of the day.
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MERGER OF UNITED WATER AND GWC IS APPROVED
Date: 11 March 1994
By Bloomberg News
Bloomberg News
United Water Resources and the GWC Corporation said yesterday that their shareholders had approved the $200 million merger of the companies that was announced in September. The deal will create the second-largest public water utility in the United States. Under the agreement, GWC, based in Wilmington, Del., will become part of United Water, based in Harrington Park, N.J. The merger will be completed through an exchange of stock and cash.
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