Reluare miercuri, 2 noiembrie 1994

Thomas Case Shows Divide At the Journal

Date: 03 November 1994

By William Glaberson

William Glaberson

Across the front page of its second news section yesterday, The Wall Street Journal published an article based on a much-promoted new book by two of the newspaper's journalists. The article, "A Closer Look at Clarence Thomas," was filled with information that the writers, Jane Mayer and Jill Abramson, said corroborated Anita F. Hill's version of events in the hearings that transfixed the country three years ago.

Full Article

VOTERS DISGUSTED WITH POLITICIANS AS ELECTION NEARS

Date: 03 November 1994

By Katharine Q. Seelye

Katharine Seelye

Heading into Tuesday's election, voters are profoundly alienated from their elected representatives and from the political process and confess to a deepening powerlessness and pessimism over the future of the nation, according to the latest New York Times/CBS News Poll. Disgust with Congress is near the recorded high, and more than 60 percent of those polled were unable to name an elected official they admired.

Full Article

Editors' Note

Date: 03 November 1994

An article on Oct. 24 about The National Enquirer's coverage of the O. J. Simpson case compared that tabloid's performance with those of several mainstream television stations, newspapers and magazines. It cited false reports or missteps by some of those organizations. As one example, the article reported that The New Yorker magazine, in the July 25 issue, speculated that a Los Angeles police detective, Mark Fuhrman, planted a bloody glove at Mr. Simpson's estate.

Full Article

Strike Prevents Delivery of San Francisco Daily Newspapers

Date: 03 November 1994

By David Margolick

David Margolick

Employees of this city's two major daily newspapers, longtime rivals that have limped along under a joint operating agreement since 1965, went on strike Tuesday night as 2,600 reporters, editors, drivers, press operators and paper handlers walked off the job. They had been working without a contract for the past year. The work stoppage at The Chronicle and The Examiner, the first at the newspapers since a 52-day walkout in 1968, began a day after the original Halloween strike deadline set by eight unions had been extended for a flurry of last-minute negotiations. But the talks failed, and while hundreds of thousands of papers for Wednesday were printed, few if any reached readers' hands.

Full Article

CNN Found in Contempt for Use of Noriega Tapes

Date: 02 November 1994

A Federal district judge ruled today that CNN was in contempt of court four years ago when it broadcast taped telephone calls made from jail by Gen. Manuel Antonio Noriega of Panama. In his decision, Judge William M. Hoeveler said that while he did not wish to interfere with the press and its First Amendment rights, "I must also be mindful of the vital importance of compliance with orders of the court."

Full Article

Kidder Talks Severance Pay

Date: 03 November 1994

By Bloomberg News

Bloomberg News

Kidder, Peabody & Company, in a memorandum to employees, has told them what compensation they should get if they lose their jobs when the securities firm is sold to Paine Webber Group Inc. Employees who are not hired by Paine Webber will get paid two weeks of severance for each year of employment at Kidder, with a minimum payment of four weeks and a maximum of 52 weeks, the 13-page memo said.

Full Article

ALLEGHANY COMPLETES SALE OF BANKING UNIT

Date: 02 November 1994

By Bloomberg News

Bloomberg News

The Alleghany Corporation said yesterday that it had completed the sale of its banking unit, Sacramento Savings Bank, to First Interstate Bank of California, based in Los Angeles, for $331 million in cash. Alleghany, based in New York, said the sale was expected to result in a fourth-quarter gain of about $50 million, or $7.18 a share. Earnings in 1994's first nine months included a gain of $16.8 million, or $2.41 a share, representing a tax benefit related to the sale of Sacramento Savings.

Full Article

NOVELL STOCK RISES ON SPECULATION ABOUT NETWARE

Date: 02 November 1994

By Bloomberg News

Bloomberg News

Shares of Novell Inc. rose sharply yesterday on speculation that the company would release the next version of its flagship Netware program earlier than expected. Analysts said there was also speculation that a large computer company, possibly even the International Business Machines Corporation, was interested in buying Novell, the world's second-largest independent software company. Shares of Novell, which is based in Provo, Utah, rose $1.50, to $20, in Nasdaq trading. Novell's Netware software may be released as early as this month, which could increase the company's fiscal first-quarter revenue by as much as 20 percent. Analysts had expected the release in January at the earliest.

Full Article

SALEM SHARES RISE 19% ON BUYOUT OFFER

Date: 03 November 1994

By Bloomberg News

Bloomberg News

The shares of the Salem Corporation soared 19 percent yesterday after the company said it was weighing an acquisition offer by Harbour Group Investments III L.P. Salem, based in Pittsburgh, is a maker of coal processing equipment and industrial furnaces. Late Tuesday, Harbour Group, a private investment firm based in St. Louis, offered to pay a premium of at least 25 percent to acquire all of Salem's shares, said Paul Titus, a lawyer representing Salem. The transaction's value would be based on the average closing price of Salem stock in the 30 trading days preceding receipt of the proposal. Salem shares rose $2.625, to $16.25, on the American Stock Exchange.

Full Article

PACIFICORP OFFERS TO BUY REMAINDER OF PACIFIC TELECOM

Date: 03 November 1994

By Bloomberg News

Bloomberg News

Pacificorp of Portland, Ore., proposed yesterday to buy the 13 percent of Pacific Telecom Inc. that it does not already own for $144.2 million, or $28 a share. Charles E. Robinson, chairman and chief executive of Pacific Telecom, said the board would form a special committee to review the proposed transaction. Pacific Telecom, based in Vancouver, Wash., owns 13 telephone companies serving 11 states and three units that provide communications services in Alaska. Shares of Pacific Telecom rose $5.25, to $29.50, in Nasdaq trading, while shares of Pacificorp gained 25 cents, to $17.75.

Full Article