กำลังเล่นซ้ำ วันอังคารที่ 24 ตุลาคม ค.ศ. 1995

For Many Visiting Journalists, a Different Perspective on New York

Date: 25 October 1995

By William Glaberson

William Glaberson

Sure, the Clinton-Jiang meeting was of some interest to the reporters from all over the world who converged on New York to cover the anniversary of the United Nations, as was Yasir Arafat's snub by Mayor Rudolph W. Giuliani and Fidel Castro's visit to Harlem. But these events were not their focus. Yavuz Yorulmaz, for instance, a journalist from Turkey, was much more keenly interested in the New York meeting between President Suleyman Demirel of Turkey and President Nursultan Nazarbayev of Kazakhstan.

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CNN Rejects an Ad

Date: 24 October 1995

Cable News Network and its owner, Turner Broadcasting, support the House and Senate telecommunications bills. AT&T opposes the bills. AT&T, along with other long-distance telephone companies, wanted to voice its opposition by paying CNN to run commercials. CNN said no, in part because the ads posed a "conflict of interest." That will not cause grievous harm to the public. After all, Turner Broadcasting is only one of many media companies -- including newspapers, radio stations, television stations and phone companies -- that service communities and can carry advocacy messages. Yet the incident exposes a large danger to the free flow of information that is posed by the very telecommunications bills that AT&T's ads were designed to defeat.

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New Jersey Daily Briefing; Photographer to Seek New Venue

Date: 25 October 1995

By Joe Sharkey

Joe Sharkey

A former City Council President who was arrested Friday while taking photographs at City Hall for a weekly newspaper said yesterday that he would seek a change of venue when his case comes to trial.

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On Campus; Journalism Dropped

Date: 25 October 1995

By William Honan

William Honan

The University of Michigan, which has offered courses in journalism since 1890, announced earlier this month that it would stop enrolling students in its master's degree program in journalism beginning next fall. Certainly the University of Michigan is not alone in its decision to reconsider its journalism program. The University of Washington in Seattle, Ohio State University at Columbus and the University of Arizona at Tucson have also undergone similar reviews. Rather than abolish their programs, however, those schools appear to be in the process of choosing to continue teaching journalism but in a department, which also includes other popular disciplines like information technology and computer science.

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WESTINGHOUSE PLANNING TO ELIMINATE 225 JOBS

Date: 25 October 1995

By Bloomberg News

Bloomberg News

The Westinghouse Electric Corporation said yesterday that it would cut 110 jobs at its headquarters in Pittsburgh and eliminate 115 jobs at its science and technology research center in Churchill, Pa. The cuts will eliminate 16 percent of the 670 jobs at the company's headquarters before the end of the year under a reorganization plan based on a three-month study by Arthur Andersen Consulting. In addition, about 170 employees in Pittsburgh will be transferred to other offices, leaving a staff of 390 people, a spokesman said. The cuts at the science and research center will affect about 13 percent of the center's 890 employees.

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SMITH CORONA TO BE SOLD TO EMPIRE CAPITAL GROUP

Date: 25 October 1995

By Bloomberg News

Bloomberg News

The Smith Corona Corporation, the nation's last typewriter manufacturer, agreed yesterday to be sold to a group led by the Empire Capital Corporation for about $38.4 million. In connection with the agreement, Smith Corona filed a reorganization plan and a disclosure statement in Federal Bankruptcy Court in Wilmington, Del. Under Federal bankruptcy law, the offer by Empire Capital is subject to higher bids. Smith Corona, based in New Canaan, Conn., filed for Chapter 11 protection on July 5. Empire Capital, based in Southport, Conn., specializes in acquisitions and corporate turnarounds.

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CIRRUS LOGIC IN JOINT VENTURE TO MAKE COMPUTER CHIPS

Date: 24 October 1995

By Bloomberg News

Bloomberg News

The AT&T Corporation's microelectronics unit and Cirrus Logic Inc. have agreed to form a $600 million joint venture to make computer chips at AT&T's semiconductor plant in Orlando, Fla., the companies said yesterday. AT&T's microelectronics unit, based in Orlando, will own 60 percent of the venture, while Cirrus, based in Fremont, Calif., will own 40 percent. Production is expected to begin by early 1997.

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IMASCO UNIT AGREES TO BUY A CANADIAN DRUGSTORE CHAIN

Date: 24 October 1995

By Bloomberg News

Bloomberg News

Imasco Ltd. said yesterday that its Shoppers Drug Mart pharmacy unit would acquire the Big V Pharmacies Company, based in London, Ontario, for $243 million (Canadian), the equivalent of about $177 million (United States). Imasco, based in Montreal, is Canada's largest drugstore operator, with 718 stores across the country. B.A.T. Industries of Britain owns 44 percent of Imasco. Big V, which is closely held, operates 135 drugstores in Ontario. Under the purchase agreement, Big V shareholders would receive $10 (Canadian) a share in cash, or that amount in notes and Imasco common shares if they wanted a tax deferral.

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GUCCI SHARES GAIN 22 PERCENT IN FIRST DAY OF TRADING

Date: 25 October 1995

By Bloomberg News

Bloomberg News

The Italian luxury goods maker Gucci Group sold 24.5 million shares in a $539 million initial stock offering yesterday. In New York Stock Exchange trading, shares of Gucci, priced at $22, gained 22 percent to close at $26.75. About 11 million shares changed hands. Most of the money raised in the offering will be used to repay debt owed to the company's parent, Investcorp International. Gucci operates 63 stores worldwide that account for 70 percent of its sales. Its products, which include leather handbags and shoes, are also sold in 75 franchise stores, 74 duty-free boutiques and 60 department stores.

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GRACE SAID TO DELAY SPINOFF OF ITS HEALTH-CARE UNIT

Date: 24 October 1995

By Bloomberg News

Bloomberg News

W. R. Grace & Company said yesterday that a planned spinoff of its health-care unit would be delayed for as long as three months while the company complies with Federal subpoenas for Medicare documents, some large shareholders of Grace said. The Department of Health and Human Services began an investigation last week of the Medicare billing practices of Grace's National Medical Care unit. In a meeting with institutional shareholders of Grace, the company's chief executive, Albert J. Costello, also said that he would consider alternatives to a spinoff if the investigation appeared to be prolonged, said the investors, who insisted that they not to be identified. Grace, which is based in Boca Raton, Fla., declined to comment.

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