Reluare sâmbătă, 3 octombrie 1992

Struck Pittsburgh Paper Put on Sale

Date: 03 October 1992

By Doron P. Levin

Doron Levin

The E. W. Scripps Company, exasperated by lack of progress in settling a 137-day strike, said today that it was putting The Pittsburgh Press up for sale. The Cincinnati-based media conglomerate said it had hired the First Boston Corporation to find a buyer for the newspaper, which has been negotiating with the teamsters' union over a plan to eliminate jobs and make the paper's distribution system more efficient.

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INSIDE

Date: 03 October 1992

New Leader Jolts Brazilians Taking over as Acting President, Itamar Augusto Franco startled Brazil by naming an obscure tax lawyer as Finance Minister. Page 3.

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Panel to Reveal Testimony In Inquiry on Bomb Plant

Date: 03 October 1992

By Matthew L. Wald

Matthew Wald

A House subcommittee that has been questioning Federal prosecutors about why they did not seek convictions of Government and corporate officials for pollution crimes at the Rocky Flats bomb factory voted yesterday to make the testimony public. The lawmakers, who are members of the Investigations and Oversight Subcommittee of the House Committee on Science, Space and Technology, are examining how officials of the Rockwell International Corporation and the Department of Energy avoided prosecution in connection with their operation of the plant, which is near Denver. Rockwell itself pleaded guilty to 10 counts and was fined $18.5 million, the first ever paid by a Department of Energy contractor.

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JUDGMENT AGAINST JOHNSON & JOHNSON IS UPHELD

Date: 03 October 1992

By Bloomberg News

Bloomberg News

A Federal appeals court in Washington has upheld a $116 million judgment against Johnson & Johnson for infringement of several orthopedic product patents held by the Minnesota Mining and Manufacturing Company, the companies said yesterday. Johnson & Johnson, based in New Brunswick, N.J., said the payment would be charged against third-quarter results, but would not hurt earnings because it had set aside reserves to cover the cost.

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OLYMPIA & YORK IN OFFER TO GET SUBWAY LINK BUILT

Date: 03 October 1992

By Bloomberg News

Bloomberg News

Olympia & York Developments Ltd. offered $687 million to the British Government yesterday for the construction of a subway link between its troubled Canary Wharf office development and East London. The offer was made with the permission of the secured lenders, the administrators of the bankrupt development said. Construction of the rail line was part of the development plans for Canary Wharf. If the Government accepts the offer, secured lenders to Canary Wharf also "agreed to make funds available to cover the operating costs of Canary Wharf," the administrators said.

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JWP STOCK LOSES ALMOST A THIRD OF ITS VALUE

Date: 03 October 1992

By Bloomberg News

Bloomberg News

JWP Inc. stock lost almost a third of its value yesterday after the engineering services company said it expected to report a third-quarter loss of about $20 million. The company, based in Rye Brook, N.Y., also said David Sokol had resigned as president, chief operating officer and a member of the board, and that Paul Gould had resigned from the board.

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EUROPE BLOC TO SEEK 10% DUTIES ON CHRYSLER VOYAGERS

Date: 03 October 1992

By Bloomberg News

Bloomberg News

The European Commission said yesterday that it would seek import duties of 10 percent on Voyager Vans made by the Chrysler Corporation in Austria. The move came after a breakdown in talks at which the European Community sought to insure that Chrysler did not gain an unfair competitive advantage because of aid the Austrian Government gave to Chrysler. Chrysler said it might appeal against the ruling to the European Court of Justice. Chrysler entered into a joint venture in 1990 with Steyr-Daimler-Puch to manufacture the Voyager in Graz, Austria. The Graz factory cost $410 million, with the Austrian Government providing about one-third of the cost. Under communityrules, car manufacturers can only receive state subsidies of up to 8 percent for setting up new plants.

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Mortgage Rates Fall

Date: 03 October 1992

By Bloomberg News

Bloomberg News

Average fixed 30-year mortgage rates fell nine basis points, to 7.93 percent, in the week ended today, the Federal Home Loan Mortgage Corporation said today. Average fixed 15-year mortgage rates fell 11 basis points, to 7.48 percent, after rising 11 basis points in the preceding week, the agency said. Adjustable mortgage rates were virtually unchanged at 5.01 percent.

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COMPANY NEWS

Date: 03 October 1992

AMOCO OIL CO., a subsidiary of Amoco Corp., signed the first agreement by a Western company for conventional petroleum exploration rights in Poland. AMERICAN TELEPHONE AND TELEGRAPH Co., will enter the Italian consumer market early next year with telephones, answering systems and accesories approved by the Italian Ministry of Telecommunications.

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NEWS SUMMARY

Date: 03 October 1992

International 2-5 AN AIR SHIELD FOR BOSNIA President Bush said the United States was ready to use its military forces to impose a ban on Serbian combat flights in Bosnia and Herzegovina. Such a step could introduce American air power into the Balkan war for the first time. 1 MUSLIMS RECOUNT RAPE BY SERBS At least 150 Muslim women and girls who have reached the Bosnian capital in recent weeks are said to be in advanced stages of pregnancy after being raped by Serbian forces. They say they were imprisoned so they could not have abortions. 5 ACTING PRESIDENT JOLTS BRAZIL Itamar Augusto Franco assumed presidential powers and immediately created an uproar by appointing a little-known tax lawyer to Brazil's most powerful economic post. 3 U.N. VOTES TO SEIZE IRAQI ASSETS The United Nations Security Council voted to take control of hundreds of millions of dollars' worth of frozen Iraqi assets. The money would be used to compensate victims of the invasion of Kuwait and to pay United Nations expenses inside Iraq. 2 INQUIRY INTO MISFIRED MISSILES Investigators said a maintenance error or a simulated launch gone haywire were the most likely causes of a U.S. carrier's firing of two missiles at a Turkish warship. 2 COURT BARS TRIP BY GORBACHEV A Russian court barred Mikhail Gorbachev from leaving the country until he agreed to testify in the trial of the Communist Party. 3 PALESTINIAN PRISON PROTEST In one of the widest protests of its kind in recent years, several thousand Palestinians have been on a hunger strike at prisons in Israel and the occupied territories. 3 Angola's governing party leads as elections returns trickle in. 3 Prague Journal: Young Americans are drawn to an "unspoiled" city. 4 National 6-10 AGREEMENT REACHED ON DEBATES The Republican and Democratic Presidential campaigns agreed on holding three Presidential debates and one Vice Presidential debate. 1 RESELLING THE PEROT BRAND Ross Perot has a new advertising firm, and because he is not accepting Federal election funds, he can spend as much money as he wants. But media experts doubt he has much of a chance. 1 PEROT'S EFFECT LOCALLY The Clinton campaign in New York and Connecticut is largely discounting the impact of Ross Perot's return. But in New Jersey, Mr. Perot's re-entry offers an opportunity to President Bush, analysts say. 9 PEROT GIVES A BUDGET SCHEDULE Ross Perot said that his economic program to balance the Federal budget would not be put in place until a year after his inauguration. 9 CLINTON ASSAILS BUSH ECONOMICS Governor Clinton traveled to economically depressed areas the Midwest, areas President Bush bypassed on his trip last week, to attack his economic record. 9 LITTLE SUPPORT IN DETROIT In the harsh urban landscape where the Detroit riots occurred a generation ago, some see utter irrelevance in the Presidential campaign. 10 JOBLESS RATE DIPS SLIGHTLY The nation lost 57,000 more jobs in September, the Government said, and the unemployment rate fell to 7.5 percent from 7.6 percent, a statistically insignificant decline. 1 NEW ACCUSATIONS IN QUAYLE CASE A Senate report accused the nation's top prison official of punishing a prisoner for political reasons on the eve of the 1988 presidential election, after the convict said he had sold marijuana to Dan Quayle. 1 PILEUP AT NUCLEAR PLANTS Several aging nuclear complexes are keeping parts of their plants running for lack of a place to dump highly radioactive spent fuel, and more are likely to follow if the Government cannot keep its promise to take old fuel by 1998. 6 THE FAMILY'S NEW LOOK At the annual fund-raising festival at St. Philip's parish in San Francisco, few of the families fit the mold of the traditional American family. 6 STRIP-MINING PLAN BLOCKED House and Senate conferees blocked a proposal by the Bush Administration to open millions of acres of Federal land to strip mining for coal. 7 CRIME AND SCHOOLS BILLS KILLED Congressional Roundup: Senate Republicans killed a measure to encourage educational change as well as an anti-crime measure.10 Religion Notes: A bishop supports ordaining women. 7 The President won his fight with Congress on abortion counseling. 10 Alcee Hastings has a good chance of winning a Congressional seat. 6 Metro Digest 25 MAYOR TRIES FENCE-MENDING Two weeks after a bitter police demonstration at City Hall, Mayor Dinkins has begun an effort to repair relations with the Police Department and lower the oratory, including his own, over the racially charged issue of the Civilian Complaint Review Board. 1 HOLES IN THE SAFETY NET Created 20 years ago, Supplemental Security Income was intended to guarantee a minimum income -- a safety net below all safety nets -- for those Americans considered most vulnerable: the elderly, the blind and the disabled. But the program has come under fire as paying too little and discouraging friends and relatives from taking care of one another. 1 Business Digest 35 Consumer's World 11 For any tie that binds, there is a club to join. How thieves try to horn in on your credit card accounts. A body pouch to beat the chill in the stadium. Arts/Entertainment 13-18 Filming a tribal war. 17 Film: "In the Soup." 13 Music: "Fidelio" in concert. 13 Dance: Ballet Folklorico. 13 Sports 30-34 Baseball: Blue Jays clinch a tie. 31 Basketball: Knicks sign Davis. 31 Column: Berkow on Magic. 31 Football: Another chance for Florida State against Miami. 31 Obituaries 12 Editorials/Op-Ed 22-23 Editorials For cities: some Christmas tree. How to disarm Iraq. Richard E. Mooney: Sousa. Letters Russell Baker: Un cortege a trois. Paulette Mason: I'm 38 and running out of time. Haley Barbour: Clinton, the Teflon candidate. Horacio Verbitsky: Argentina retreats from democracy.

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