กำลังเล่นซ้ำ วันจันทร์ที่ 1 พฤศจิกายน ค.ศ. 1993

Daily News Is Turning a Gamble Into a Rebirth

Date: 01 November 1993

By William Glaberson

William Glaberson

The Daily News, bankrupt and battered when Mortimer B. Zuckerman bought it last January, is now a profitable business, its publishers say, reversing multimillion-dollar losses and defying predictions of doom that plagued the New York newspaper for a decade. About a hundred newly hired writers and editors are settling in. Advertising revenues are climbing, the publishers say. And the newspaper's pages are beginning to show some of their old zip. In effect, the owners are betting millions of dollars that the cheeky but rigorous style of tabloid journalism that The News virtually invented can thrive again in America's biggest city.

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Plant Deal Set For Daily News

Date: 02 November 1993

The Daily News announced yesterday that it had completed an agreement to buy a Jersey City plant that the New York newspaper plans to convert to a color printing plant. The property has been owned by the Clorox Company. The companies did not disclose the terms of the agreement. But the total cost of the new Daily News plant, including the presses and the building, has been estimated at $135 million. The News's current black-and-white printing plant is outmoded, and newspaper analysts have said the construction of a new color plant is essential if the newspaper is to remain competitive.

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In an Endorsement, a Search for Signals

Date: 01 November 1993

By William Glaberson

William Glaberson

A newspaper's editorial stance is often central to its identity with readers. So it was with special interest that news professionals took note of The Daily News's endorsement of Rudolph W. Giuliani for mayor last week. With racial politics so much the subtext in the election, some of them said, it was revealing that The News under Mortimer B. Zuckerman chose to urge the ouster of David N. Dinkins, the city's first black mayor, because of his "unfulfilled promise."

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Ameritech Sues To Offer Cable

Date: 02 November 1993

By Bloomberg News

Bloomberg News

The Ameritech Corporation, a regional Bell telephone operating company, said today that it had asked United States district courts in Illinois and Michigan to declare a Federal cable law unconstitutional. The Cable Communications Policy Act of 1984 bars Ameritech from providing cable television services in areas where it provides telephone service.

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TENNECO SAYS AILING CHIEF EXECUTIVE IS IMPROVING

Date: 02 November 1993

By Bloomberg News

Bloomberg News

Tenneco Inc. said yesterday that medical tests had confirmed that a cancerous brain tumor suffered by its chairman and chief executive, Michael H. Walsh, had stopped growing and was beginning to break up. Mr. Walsh, 51, said recent tests disclosed no active lesions anywhere in his brain. Mr. Walsh disclosed the discovery of the malignant brain tumor on Jan. 20. He began a course of radiation treatment shortly after the inoperable tumor was discovered and has since been undergoing chemotherapy. Mr. Walsh has remained at Tenneco's helm since announcing the tumor's discovery.

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RAYTHEON LAYING OFF 1,150 EMPLOYEES IN MASSACHUSETTS

Date: 02 November 1993

By Bloomberg News

Bloomberg News

The Raytheon Company, based in Lexington, Mass., said yesterday that it would lay off 1,150 workers in Massachusetts in the next month because of cutbacks in military spending. The layoffs come on top of a voluntary work force reduction begun in September, in which 800 workers chose to leave the company. The combined reduction of 1,950 people will trim Raytheon's worldwide work force by about 3 percent, to 59,100. Raytheon is the largest employer in Massachusetts.

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GENCORP TO ELIMINATE 650 JOBS BECAUSE OF NASA CUTBACK

Date: 02 November 1993

By Bloomberg News

Bloomberg News

Gencorp Inc. said yesterday that it would cut 650 jobs in its Aerojet division, or 4.8 percent of the total work force, because NASA's advanced solid rocket motor program had been grounded by the Government. The layoffs at Aerojet, based in Sacramento, Calif., will affect 200 managers in the division and 450 employees at the National Aeronautics and Space Administration's factory in Yellow Creek, Miss. Aerojet, which employs 5,000 of the 13,500 workers at Gencorp, was the subcontractor on a NASA project to develop a booster rocket replacement for the space shuttle. The Senate voted to shelve the program on Oct. 21.

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TRANSAMERICA TO SELL ITS 27% STOCK STAKE IN INSURER

Date: 02 November 1993

By Bloomberg News

Bloomberg News

The Transamerica Corporation said yesterday that it would sell its stake in TIG Holdings Inc., a property, casualty and reinsurance holding company, through a $428 million public offering. Transamerica plans to sell its 17.3 million common shares of TIG, which represent 27 percent of the company's outstanding stock. TIG is the New York-based holding company for Transamerica Insurance Group, the 10th-largest reinsurance company in the United States and the 27th-largest property and casualty insurer. Transamerica, based in San Francisco, took TIG public in April and raised $1 billion from the sale of more than 44 million TIG shares. Shares of TIG rose 12.5 cents yesterday, to $24, on the New York Stock Exchange.

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REYNOLDS METALS GAINS MILLER'S CAN-MAKING OPERATIONS

Date: 02 November 1993

By Bloomberg News

Bloomberg News

The Reynolds Metals Company said yesterday that it had completed the purchase of all the aluminum beverage can operations of the Miller Brewing Company for an undisclosed price. Reynolds, based in Richmond, bought five Miller plants with annual capacity of five billion cans and lids. Reynolds, the second-largest aluminum producer in the United States, will see its can-making capacity increased by 50 percent as a result of the acquisition. The deal also includes a multiyear agreement to supply nearly all of Miller's aluminum can requirements. For Miller, the brewing arm of the Philip Morris Companies, the sale will allow it to cut costs and focus on beer.

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Lear Buys Ford Unit

Date: 02 November 1993

By Bloomberg News

Bloomberg News

The Lear Seating Corporation, a subsidiary of Lear Holdings Inc., said today that it had completed the previously announced purchase of most of the Ford Motor Company's Favesa S.A. de C.V. automotive seating and seat trim operations. Terms of the sale were not disclosed. Annual sales of Favesa were estimated at $600 million, Lear said. Lear and Ford announced an agreement on the sale in August. Included in the transaction are five Ford plants in Juarez, Mexico, which employ about 6,085 workers. The sale leaves Ford with one major seat and interior trim plant in the United States.

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