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19th of August 1995 News
Novice, kot so bile prikazane na prvi strani New York Timesa na 19. avgust 1995
ENDPAPER;
The News From Camp
Date: 20 August 1995
By Michael Rubiner
Michael Rubiner
The Washington Post recently reported a surge in summer camps catering to specialized interests, including journalism and politics.
Dear Mom and Dad,
How are you? Camp is O.K. so far. Here are the other boys in my cabin: Tony Langdon is neo-con, but everybody just calls him Stink Bomb because he doesn't like to take showers. Tommy Perez, a New Democrat, can throw a jackknife and make it stick in the wall. I share a bunk bed with Kenny Abrams. He's really nice. He brought up a pile of back issues of The Nation, and he lets me read them whenever I want. Our counselor, Brad, is pretty cool. Last night he gave us candy bars and let us stay up late and watch Alan Greenspan on "Nightline." I miss you. Write back soon!
Full Article
Sports of The Times; He Who Has Pulpit Preaches
Date: 20 August 1995
By William C. Rhoden
William Rhoden
BEFORE Mike Tyson ever laid a glove on Peter McNeeley last night, the former heavyweight champion from the Brownsville section of Brooklyn unleashed a two-fisted attack on the news media last week. Tyson, who served three years in prison for a rape conviction, called one writer an assassin and referred to members of the media, in so many words, as vultures feeding on the misfortunes of others.
Full Article
Ideas & Trends; Why the Media Leave No Movie Deal Uncovered
Date: 20 August 1995
By Terry Pristin
Terry Pristin
EVEN those who haven't seen the film "Waterworld" probably know that it is the costliest movie ever made and has been widely pronounced a flop despite opening-weekend box-office receipts of $21 million. Few Americans could say who runs General Motors, but no one needs a regular Monday night table at Morton's to be in on the feud between Michael Eisner, the chairman of the Walt Disney Company, and his once-trusted lieutenant, Jeffrey Katzenberg. And who isn't aware that Michael Ovitz reportedly earned $30 million last year as the principal owner of the Creative Artists Agency and is now likely to make hundreds of millions more as the president of Disney, the job to which he was named last week? The airwaves are flooded with shows revealing the machinations behind various movie deals. Newspapers across the country, as well as CNN, routinely report the 10 highest-grossing movies of the weekend.
Full Article
COMPANY NEWS;
Date: 19 August 1995
By Bloomberg News
Bloomberg News
The Occidental Petroleum Corporation said yesterday that the United States Energy Department had formally accepted a $275 million settlement of an overcharging case against one of its subsidiaries. A tentative settlement was reached June 27. The settlement ends a case involving Energy Department allegations that between 1979 and 1981, Occidental's OXY USA Inc. unit violated Federal price controls on crude oil by overcharging some $254 million.
Full Article
JOINT VENTURE WITH MAHINDRA OF INDIA IS PLANNED
Date: 19 August 1995
By Bloomberg News
Bloomberg News
The Ford Motor Company and India's Mahindra & Mahindra plan to manufacture Ford Escort and Ford Fiesta passenger cars in a joint venture in India, Keshub Mahindra, Mahindra chairman, said yesterday. M.& M. has approved the issuance of about 6 percent of the company's equity to Ford, Mr. Mahindra told a shareholders meeting yesterday. "The estimated range of the project cost is in the neighborhood of a little over 20 billion rupees, or about $634.92 million," Mr. Mahindra said.
Full Article
DEAL REACHED ON COMMUNICATIONS SATELLITE FOR CHINA
Date: 19 August 1995
By Bloomberg News
Bloomberg News
The Lockheed Martin Corporation said yesterday that it had signed an agreement to build an advanced communications satellite in China. Lockheed said its Martin Marietta Overseas Corporation unit would build the satellite for China Orient Telecomm Satellite Company Ltd., of Beijing. The contract includes ground equipment, training and associated services. Financial terms were not disclosed. The satellite will be called China Star-1, and will provide voice, data and television distribution services throughout China. The launching is planned for the fall of 1997.
Full Article
MOORE ADVANCES BID FOR WALLACE COMPUTER SERVICES
Date: 19 August 1995
By Bloomberg News
Bloomberg News
The Moore Corporation said yesterday that it had passed another hurdle in its attempt to acquire Wallace Computer Services Inc. after the proposed $1.29 billion hostile takeover was cleared by the United States Justice Department. The Toronto-based maker of business forms made a $56-a-share bid for Wallace on Aug. 2 and has secured $1.1 billion in financing for the transaction. The Justice Department determines whether proposed mergers violate Federal antitrust laws. Moore said the waiting period under the Hart-Scott-Rodino Act for its application to acquire Wallace expired without comment from antitrust regulators. Its bid expires Aug. 29.
Full Article
ARCHER DANIELS IS NAMED IN CORN-SYRUP LAWSUITS
Date: 19 August 1995
By Bloomberg News
Bloomberg News
The Archer Daniels Midland Company, the subject of a Federal investigation into whether it conspired with competitors to fix prices of high-fructose corn syrup, lysine and citric acid, said yesterday that it was the target of lawsuits filed by buyers of some of those products. In a Federal regulatory filing, Archer Daniels said it was a defendant in state suits in Los Angeles County and Orange County, Calif., brought by indirect buyers of corn syrup, Federal suits in Alabama brought by direct corn syrup buyers and a Federal suit in Illinois brought by buyers of lysine. All charge antitrust law violations and seek class-action status and triple damages. Archer Daniels also said it faced 15 shareholder lawsuits, some of which had been disclosed previously, that contend the company inflated its stock price by failing to disclose price-fixing.
Full Article
NATIONAL STEEL TO BUILD $70 MILLION STEEL-COATING LINE
Date: 19 August 1995
By Bloomberg News
Bloomberg News
The National Steel Corporation said yesterday that it would build a $70 million steel-coating line at its mill in Portage, Ind., to increase sales to the metal building market. The line will coat up to 270,000 tons of steel a year with a mixture of zinc and aluminum to prevent corrosion. The finished steel will be used primarily in low-rise, pre-engineered metal buildings, the company said. National Steel, based in Mishawaka, Ind., considered more than a dozen sites before choosing Portage. The selection followed an agreement with the United Steelworkers Local 6103 that will allow job combinations and relaxed work rules to increase productivity.
Full Article
Wal-Mart to Indonesia
Date: 19 August 1995
By Bloomberg News
Bloomberg News
Wal-Mart Stores Inc. said today that it had signed an agreement with Lippo Group of Indonesia to open a store in Jakarta early next year. The 180,000-square-foot Wal-Mart Supercenter, planned for Lippo Village, a Jakarta mall owned by the Lippo Group, will be the first in Indonesia. Wal-Mart, which is based here, said it would provide expertise and management services for the store, which Lippo will own. By the time the store opens, Wal-Mart will have stores in Indonesia, Hong Kong and China, company officials said.
Full Article