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7th of September 1995 News
Novice, kot so bile prikazane na prvi strani New York Timesa na 7. september 1995
Man in the News: Cal Ripkin Jr.; 2,131: A Child of Baseball, an Iron Man
Date: 07 September 1995
By Claire Smith
Claire Smith
For those who have watched Cal Ripken Jr. adeptly ply his trade, his incubation in the major league environment was obvious. Ripken was, in a sense, a child of baseball. Ripken's father, Cal Sr., managed and coached in the Baltimore Orioles organization for 29 years. For five and a half years of Ripken's 13-plus seasons, he played shortstop alongside his younger brother, Billy, a second baseman. In 1987, Cal Sr. managed both Cal Jr. and Billy, the only time in the majors a father has managed two sons simultaneously.
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THE PACKWOOD CASE: Man in the News; Kentucky Blend of Understatement and Ambition -- Addison Mitchell McConnell
Date: 07 September 1995
By Michael Wines
Michael Wines
Senator Addison Mitchell McConnell of Kentucky, a sober-sided legislator with a subterranean profile from a not-very-influential state, landed with a thump on the national political scene today. If it was not precisely the debut he might have preferred, he has only himself to blame: Mr. McConnell is that rarest of senators who actually wanted to serve on the Senate Select Committee on Ethics.
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On My Mind; Bomb, Kill, Bomb
Date: 08 September 1995
By A. M. Rosenthal
A.
American bombs fall every day on a group of human beings who never raised a finger or a gun against Americans and offer not the faintest threat to American security or national interests. Most Americans do not care. Compared with the murder trial in Los Angeles or the breaking of a baseball endurance record, the bombing barely exists in the American mind.
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UNR INDUSTRIES SAYS IT IS CONSIDERING A SALE
Date: 08 September 1995
By Bloomberg News
Bloomberg News
UNR Industries said yesterday that it was considering a sale of all or most of the company and that it had received expressions of interest from potential buyers. UNR, based in Chicago, is a steel fabricating company whose chief division makes towers for wireless broadcasting. Mark Matheson, an analyst at Weedon Crowell, said he expected that UNR could be sold for $11 to $12 a share, or a total of $572 million to $624 million. UNR's majority shareholder is the UNR Asbestos-Disease Claims Trust, which gained 56 percent of the company in 1989, when UNR emerged from bankruptcy. The trust was set up to handle asbestos-related claims against the company, which stopped making asbestos in 1962. The shares of UNR rose 65.625 cents, to $9.03125, yesterday on Nasdaq.
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SUNDSTRAND SELLS 51% OF SUBSIDIARY TO ITS MANAGEMENT
Date: 08 September 1995
By Bloomberg News
Bloomberg News
The Sundstrand Corporation said yesterday that it had sold a 51 percent stake in its Advanced Power Technology Inc. semiconductor subsidiary to the unit's management for undisclosed terms. Sundstrand said the sale would not affect earnings in the third quarter, because of asset write-downs in the first two quarters. Sundstrand also said it had signed a long-term agreement for Advanced Power Technology, which is based in Bend, Ore., to continue supplying Sundstrand with semiconductors used in power conversion. Sundstrand, based in Rockford, Ill., makes electronic equipment for aerospace and industrial uses.
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INFORMATION RESOURCES CO-CHIEF EXECUTIVE RESIGNS
Date: 07 September 1995
By Bloomberg News
Bloomberg News
Information Resources Inc., which is struggling to keep up with A. C. Nielsen, its main rival, said yesterday that James G. Andress had resigned as co-chief executive and president. The resignation follows a management shift in April, when the other co-chief executive, Gian Fulgoni, relinquished the chairman's post. Thomas Wilson, a director, took over as chairman with a mandate to plot the company's future course. Information Resources, based in Chicago, tracks the buying habits of consumers. The company is trying to cut costs as it expands its overseas business to compete with Nielsen, a unit of the Dun & Bradstreet Corporation of Wilton, Conn. Mr. Andress said he would return to management in the health care or consumer packaged goods businesses.
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STOCK DROPS ON WORD OF STRUCTURAL CHANGES AT ANTEC
Date: 08 September 1995
By Bloomberg News
Bloomberg News
The shares of the Antec Corporation fell 11 percent yesterday after the company said it would merge two divisions and eliminate some products to try to cut costs, resulting in a loss in the third quarter. The company, a supplier of cable television products that is based in Rolling Meadows, Ill., has been hurt by a slowdown in spending for video equipment by telephone and cable companies. Antec's stock fell $1.875, to $15.25, on Nasdaq. Antec did not say whether it would take a charge for its structural changes or how much of a loss it would report.
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ROYAL BANK OF CANADA TO SELL SOME ASSETS
Date: 07 September 1995
By Bloomberg News
Bloomberg News
The Royal Bank of Canada said yesterday that it had agreed to sell underperforming loans and real estate originally valued at $374 million to Whitehall Street, a New York-based fund managed by Goldman, Sachs & Company. Paul Wilson, a Royal Bank spokesman, said the bank expected to report some gain in the fourth quarter from the sale. He said most of the real estate was in metropolitan Toronto. The bank, Canada's largest financial institution, acquired the properties after failures earlier in the decade of the real estate companies that owned them.
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DIVERSEY TO CUT 450 JOBS, MOST IN UNITED STATES
Date: 07 September 1995
By Bloomberg News
Bloomberg News
The Diversey Corporation, the cleaning and sanitizing unit of The Molson Companies, said yesterday that it would cut 450 jobs, most in the United States. Diversey said the cuts were expected to increase its annual profit by about $18 million but did not say how much it will cost to carry out the cuts. Of the 450 jobs Diversey will cut from its worldwide work force of 8,900, 400 will be cut from its United States work force of 2,500. The reductions will affect manufacturing, equipment production, general overhead, sales administration and distribution services, the company said.
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A Thai Reader's Digest
Date: 08 September 1995
By Bloomberg News
Bloomberg News
Reader's Digest Association Inc. said today that it would publish a new edition of its Reader's Digest magazine for readers in Thailand, expanding the Asia readership of the world's most widely read magazine. The Thai edition will be the company's 19th foreign-language edition. The edition, to be called Reader's Digest San Sara, will be published in Bangkok starting in April. The initial print run will be 130,000 copies.
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