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'World News Tonight' Replaces Top Producer

Date: 06 January 1994

In a sign of internal trouble at the nation's top-rated evening newscast, "World News Tonight," ABC announced yesterday that the program's executive producer, Emily Rooney, was being replaced after just eight months on the job. Ms. Rooney will be replaced by Rick Kaplan, the executive producer of ABC's "Prime Time Live." Mr. Kaplan will be replaced by Phyllis McGrady, executive producer of "Turning Point," an ABC newsmagazine scheduled to have its premiere this spring.

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Stan Carter; Journalist, 69

Date: 07 January 1994

Stan Carter, a former foreign correspondent for The Associated Press and a retired Washington correspondent for The Daily Newsin New York, died on Wednesday at St. Vincent's Hospital. He was 69. The cause was complications from hepatitis, said his wife, Patricia Peters Carter.

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Journal; David Brock's Women

Date: 06 January 1994

By Frank Rich

Frank Rich

To his fans, David Brock, the writer who ruined the Clintons' Christmas, is a hard-hitting investigative reporter. To everyone else, he is a smear artist with a right-wing agenda. But a reading of Mr. Brock's oeuvre in the conservative journal The American Spectator suggests that his motives are at least as twisted as his facts. It's women, not liberals, who really get him going. The slightest sighting of female sexuality whips him into a frenzy of misogynist zeal. All women are the same to Mr. Brock: terrifying, gutter-tongued sexual omnivores. Such caricatures are a staple of his latest expose and its predecessors, including the article that spawned his book "The Real Anita Hill."

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SAGE TECHNOLOGIES AGREES TO ACQUIRE FORSYTHE

Date: 07 January 1994

By Bloomberg News

Bloomberg News

Sage Technologies Inc. said yesterday that it had agreed to acquire Forsythe Inc., which is privately owned, for a combination of cash and stock. Shares of Sage rose $2.125, to $23.125, in Nasdaq trading. Sage said Forsythe, which has about 250 employees and 15 offices in the central and southeastern United States, would add to its own business as a value-added reseller of computers, computer products and services to commercial and governmental users. Sage also produces emergency-alert products. Forsythe, based in St. Louis, had about $200 million in revenue in 1993, said Gerald A. Poch, the president and co-chairman of Sage, which is based in Stamford, Conn.

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F.T.C. ORDERS DONNELLEY TO DIVEST UNIT

Date: 06 January 1994

By Bloomberg News

Bloomberg News

The Federal Trade Commission yesterday ordered R. R. Donnelley & Sons to divest itself of a printer it acquired because, it said, the transaction "substantially lessens" competition in a specialty printing market. Any new buyer of the unit, the Meredith-Burda Company, must be approved by the F.T.C. to insure that the purchase would not squelch competition, an administrative law judge said. Donnelley, based in Chicago, said it would fight the ruling by appealing to the full commission and, if necessary, to the United States Court of Appeals for the Seventh Circuit.

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SHARES OF COPLEY PHARMACEUTICAL PLUNGE 21%

Date: 07 January 1994

By Bloomberg News

Bloomberg News

Shares of Copley Pharmaceutical Inc., based in Canton, Mass., fell 21 percent yesterday after the company said it expected to spend $6 million to recall asthma medication contaminated with bacteria. Copley stock closed down $8 at $29.50 in Nasdaq trading, after falling as low as $26.75 earlier in the day. Late on Wednesday Copley said it was recalling all 20-milliliter vials of its 0.5 percent Albuterol Sulfate Inhalation solution, which is designed to make breathing easier for people with respiratory problems.

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CALIFORNIA FEDERAL PLANS TO SELL 44 OFFICES

Date: 06 January 1994

By Bloomberg News

Bloomberg News

California Federal Bank said yesterday that it planned to sell almost one-quarter of its branch network and raise up to $300 million as part of a plan to refocus on its primary markets in California. The nation's fifth-largest savings institution said it planned to sell 43 offices in Florida and one in Georgia, which have combined deposits of more than $4 billion. The company also plans to raise between $200 million and $300 million through a preferred stock and rights offering and sell off an undetermined amount of delinquent loans and assets in bulk.

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GERRITY OIL ENDS SEARCH FOR BUYER AND PLANS EXPANSION

Date: 07 January 1994

By Bloomberg News

Bloomberg News

The Gerrity Oil and Gas Corporation said yesterday that it had ended plans to seek a buyer for the company and that it would expand its assets beyond the Denver-Julesburg basin near Denver. The oil and gas producer, which specializes in developing reserves on the Wattenberg field of the basin, said in October that it would consider outside bids. But the decline in oil and gas prices and other factors had led it to stop seeking bidders, the company said. Shares of Gerrity fell $1.50, to $10.625, on the New York Stock Exchange. The company, based in Denver, plans to acquire reserves from other companies.

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SPS TECHNOLOGIES TO CUT 200 JOBS AND TAKE A CHARGE

Date: 06 January 1994

By Bloomberg News

Bloomberg News

SPS Technologies Inc. said yesterday that it would eliminate the jobs of more than 200 managers and nonproduction employees, or about 10 percent of its nonproduction work force, and that it expected to take a fourth-quarter restructuring charge of $20 million to $25 million. Shares of SPS rose $1.375 yesterday, to $21.125, on the New York Stock Exchange. The company, a manufacturer of aerospace and industrial fasteners and precision components, as well as lighting equipment, superalloys and magnetic materials, said it was moving its headquarters from Newtown, Pa., to Jenkintown, Pa.

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SATURN HAS BREAK-EVEN RESULTS BEFORE INTEREST

Date: 06 January 1994

By Bloomberg News

Bloomberg News

The Saturn Corporation, a subsidiary of the General Motors Corporation, said yesterday that it had broken even before interest expenses for the first time since it began building cars in 1990. "Saturn will exceed its break-even and realize a substantial operating profit in 1993," Tom Manoff, vice president for finance at Saturn, said. Saturn said the break-even point excluded the cost of paying interest on $1.9 billion in bonds held by G.M. to build the Saturn plant in Spring Hill, Tenn. The subsidiary expects to sell between 275,000 and 300,000 cars this year, up from 229,356 in 1993 and 212,000 in 1992.

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