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Dole Criticizes Role Of Press and Foes In Tobacco Debate

Date: 03 July 1996

By Adam Nagourney

Adam Nagourney

In a contentious television interview broadcast this morning, Bob Dole charged that the "liberal media" were promoting the Democratic line in questioning his statement that tobacco may not be addictive to everyone. He also asserted that the Democratic Party was more beholden to tobacco interests than he was. Mr. Dole, appearing with his wife, Elizabeth, in a segment of the NBC News program "Today" that was recorded Sunday, countered queries about his ties to the tobacco industry with questions about the motives and honesty of his challengers -- including news organizations and the White House. He also criticized in a less pointed way a Republican political supporter, former Surgeon General C. Everett Koop, who last week expressed concern over Mr. Dole's skepticism about the addictiveness of cigarettes. Mr. Dole agreed with a questioner who suggested that Dr. Koop may have been "brainwashed."

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INSIDE

Date: 03 July 1996

More Austerity for Hospitals

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COMPANY NEWS;INDIVIDUAL BUYS NEWS SERVICE FOR $38 MILLION

Date: 04 July 1996

Bloomberg Business News

Bloomberg News

Individual Inc. said yesterday that it had acquired Freeloader Inc. for about $38 million in cash and stock. Freeloader, based in Washington, is a personalized news service that retrieves information from the Internet's World Wide Web and delivers it to the personal computers of subscribers. Individual, based in Burlington, Mass., paid $2 million in cash and 1.9 million common shares for all Freeloader stock outstanding. Individual's stock fell $1.50 a share, to $15.75, in Nasdaq trading. Individual plans to integrate Freeloader's technology with its other customized news services.

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NEWS SUMMARY

Date: 03 July 1996

International A3-13

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NEWS SUMMARY

Date: 04 July 1996

International A2-9

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COMPANY NEWS;GERIATRIC AND MEDICAL IN ACQUISITION TALKS

Date: 04 July 1996

Bloomberg Business News

Bloomberg News

The Geriatric and Medical Companies said yesterday that it was in discussions with another party about a possible acquisition. The company said no agreement had been reached. James J. O'Malley, the company's vice president and chief financial officer, declined to name the other company involved or any financial details. Shares of Geriatric and Medical rose 50 cents yesterday, to $4, giving the company a current market capitalization of almost $62 million. The company, based in Philadelphia, is a health care concern.

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COMPANY NEWS;COMPUNET COMPUTER OF GERMANY AGREES TO BE SOLD

Date: 03 July 1996

Bloomberg Business News

Bloomberg News

GE Capital Services, part of the General Electric Company, signed an agreement yesterday to buy Compunet Computer A.G., a German provider of computer services. G.E. did not disclose the price. Compunet, which employs 1,850 people, had sales of $1 billion in 1995. The company, which is closely held, specializes in helping large corporations make their computer systems work together. It is based in Kerpen, Germany, near the Belgian border.

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COMPANY NEWS;MATTEL EXPECTS DISAPPOINTING SALES AND EARNINGS

Date: 03 July 1996

Reuters

The toy maker Mattel Inc. said yesterday that its sales and net income for the second quarter would be about the same as last year, meaning that they would fall short of expectations. Mattel, which makes the Barbie doll, said, however, that it still expected an increase of at least 15 percent in its earnings for the year. The stock of Mattel fell by $3.125 a share, to $26, on the New York Stock Exchange. In the second quarter of last year, the company, which is based in El Segundo, Calif., reported a profit of $67.5 million, or 24 cents a share. Analysts surveyed by First Call were expecting earnings of around 26 cents a share in the latest quarter. A spokesman for Mattel declined to comment on reasons for the disappointing results.

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COMPANY NEWS;BOEING TO CREATE A BUSINESS JET WITH G.E.

Date: 03 July 1996

Bloomberg Business News

Bloomberg News

The Boeing Company and the General Electric Company said yesterday that they had formed a joint venture to turn one of Boeing's most popular commercial airplanes into a line of business jets. The new company, called Boeing Business Jets, will modify Boeing's 737-700, doubling its range so it can fly from New York to Tokyo. Analysts say the venture will give Boeing low-cost access to the business jet market, now dominated by Bombardier Inc. and the Gulfstream Aerospace Corporation. Boeing will be the controlling partner in the venture, which will be based in Seattle, Boeing's hometown. Financial terms of the venture were not disclosed. G.E., based in Fairfield, Conn., will be the first customer for the jet. G.E. is a co-owner of CFM International, which makes engines for the Boeing 737.

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COMPANY NEWS;CASINO AMERICA TO TAKE CONTROL OF PARTNERSHIP

Date: 04 July 1996

Reuters

Casino America Inc. agreed yesterday to acquire full control of its 50-50 partnership with Louisiana Downs Inc., which owns the Isle of Capri Casino in Bossier City, La. Louisiana Downs is a subsidiary of the Edward J. DeBartolo Corporation of Youngstown, Ohio. The price was about $100 million. Casino America, based in Biloxi, Miss., said that it would pay $85 million in cash and offer five-year warrants for 500,000 shares of its common stock at an exercise price of $10.50 a share. The stock slipped 18.75 cents yesterday, to $7.875, in Nasdaq trading. It would also pay $1.5 million a year for seven years, payable monthly beginning Oct. 1, 1998. Casino America operates four riverboat and dockside casinos in Biloxi and Vicksburg, Miss., and Bossier City and Lake Charles, La.

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