กำลังเล่นซ้ำ วันเสาร์ที่ 19 มีนาคม ค.ศ. 1994

British Paper Deal Appears Set

Date: 19 March 1994

By Richard W. Stevenson

Richard Stevenson

The battle for control of The Independent newspaper effectively came to an end today when the British Government said it would not hold antitrust hearings on a deal that would give a majority stake in the ailing publication to a group including the owner of the tabloid Daily Mirror. Michael Heseltine, the Trade and Industry Minister, said he had approved the group's request to allow the deal to go through immediately because the survival of the paper was in jeopardy. In making his decision, Mr. Heseltine rejected a request from a rival bidder, Anthony F. J. O'Reilly, the chairman of H. J. Heinz & Company of Pittsburgh and the owner of Ireland's largest newspaper publisher, that the deal be subjected to an inquiry by the Monopolies and Mergers Commission. A Case of 'Urgency' "I am satisfied that The Independent and The Independent on Sunday titles are not economic as going concerns and as separate newspapers and that if the papers are to continue, the case is one of urgency," Mr. Heseltine said.

Full Article

Tabloids Holler 'Rewrite!' at Each Other

Date: 20 March 1994

By Tom Kuntz

Tom Kuntz

Who needs movies about the tabloid business like "The Paper" when real life is even wilder and woolier? Last week the archrivals of New York journalism -- The Daily News and The New York Post -- were at it again. This time the issue was not the supposed high-handedness of one another's ownership nor even the papers' raids on one another's staffs, but the Whitewater scandal -- suggesting that the venue of the tab slugfest matters little so long as the fight goes on. The Post for weeks has been cranking out stories challenging official assertions that the death of Vincent Foster, the White House official who was found, revolver in hand, in a Virginia park last July, was a case of simple suicide. It has questioned the United States Park Police's investigative procedures and whether the physical evidence -- the body's position, the amount of blood, etc. -- was consistent with a suicide at the site.

Full Article

CLOSING OF DISPOSABLE-RAZOR PLANT IN SPAIN SET

Date: 19 March 1994

By Bloomberg News

Bloomberg News

The Gillette Company is closing its disposable-razor factory near Seville in southern Spain, eliminating 246 jobs. Executives of Gillette Espanola S.A. gave union leaders the news yesterday at a meeting in Seville. They said closing the plant at Alcala de Guadaira was part of the United States-based parent company's plan to eliminate 2,000 jobs worldwide during the next two years. Gillette will limit European production of razor blades and disposable razors to its plants at Isleworth in Britain and Germany. A Gillette spokeswoman, Yolanda Navarro, said she could not say when the plant would stop production or what type of severance pay workers would receive. Candido Mendez, local secretary general of the General Workers Union, said plant closings by multinational companies are turning Andalusia into "an industrial desert and an economic disaster."

Full Article

VIRGINIA POWER IS OFFERING EARLY RETIREMENT TO 1,200

Date: 19 March 1994

By Bloomberg News

Bloomberg News

As part of its efforts to reduce costs and hold down electric rates, Virginia Power said yesterday that it would offer early retirement to 1,200 salaried employees. The company, the main operating unit of Dominion Resources Inc., which is based in Richmond, also said it would offer voluntary separation packages to all full-time salaried employees and would conduct a study of ways to reduce costs and meet increasing competition. Since 1989, the utility has cut more than 2,000 jobs, primarily through attrition. Virginia Power currently has about 12,000 employees. The packages must be accepted by April 29.

Full Article

Right in Your Own Backyard

Date: 20 March 1994

To the Editor: When Walter Goodman wrote in his essay "Can a Trial Be Too Hot for TV?" [ March 6 ] : "If television has a problem in this rancorously multicultural era, it is not insensitivity but oversensitivity to those who feel victimized," he came close, but no cigar. Had he written, "If The New York Times has a problem in this rancorously multicultural era, it is not insensitivity but oversensitivity to those who feel victimized," he would have been right on the money.

Full Article

NEWS SUMMARY

Date: 20 March 1994

International 3-21 NORTH KOREA SANCTIONS CLOSER The United States has decided to ask the United Nations to lay the groundwork for economic sanctions against North Korea, having failed to persuade the country to accept monitoring of its nuclear facilities. 1 THE PERILS OF NATASHA Foreign soap operas have captured the imagination of many Russians. While the trend is deplored by intellectuals, many fans find the drama a welcome distraction from the bleakness of their lives. 1

Full Article

NEWS SUMMARY

Date: 19 March 1994

International 3-7 STEPS TO AID MIDEAST TALKS The United States announced steps that will help bring about a resumption of talks between Israel and the P.L.O. and said that Syria, Lebanon and Jordan will return to the broader Mideast peace talks. 1

Full Article

Newmont Companies Forge Closer Links in Swap Deal

Date: 19 March 1994

By Andrea Adelson

Andrea Adelson

Shareholders of the Newmont Gold Company approved a complex stock and asset-shifting plan with the Newmont Mining Corporation yesterday that would in effect create the world's sixth-largest gold producer. Because each company's common stock will continue to be traded on the New York Stock Exchange, the combination of Newmont Gold and Newmont Mining stops short of a full merger. Officials of both companies said such a merger would have resulted in a $400 million charge against future earnings related to the tax implications of the companies' good will.

Full Article

Chairman of Bankers Trust Was Paid $10 Million in 1993

Date: 19 March 1994

By Saul Hansell

Saul Hansell

Some of the biggest rewards on Wall Street can actually be found at a bank. The highly profitable Bankers Trust New York Corporation, the banking company that most resembles a securities trading firm, paid its chairman $10 million last year, an amount equal to about 1 percent of its profits.

Full Article

Viewpoints; New Angles From the Spin Doctors

Date: 20 March 1994

By Joel Bleifuss

Joel Bleifuss

COMMUNICATIONS professionals, as the flacks of yesteryear are now known, earn their living by sticking Happy Faces over unpleasant realities. "It is easier and less costly to change the way people think about reality than it is to change reality," says Morris Wolfe, a press critic. But in our savvy culture, people soon see through cosmetic makeovers. This spurs the public relations folk to develop yet more sophisticated -- shall we say deceptive? -- techniques. So, on the theory that forewarned is forearmed, here are some of the field's recent refinements:

Full Article