Reluare sâmbătă, 9 iulie 1994

Success With a Satellite Leads to a Space Network

Date: 09 July 1994

By Edmund L. Andrews

Edmund Andrews

Six years ago, Rene V. Anselmo parlayed nearly $80 million from the sale of television stations into what seemed like a sure bet for bankruptcy: launching the world's first privately owned international communications satellite. Despite having no customers until after the satellite reached its orbit, Mr. Anselmo's Panamsat Corporation is now reaping a nice profit. Beaming television programming between the United States, Latin America and Europe for customers like CNN and Home Box Office, the company earned nearly $17 million in profits in 1993 on $50 million in sales.

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ALSO INSIDE

Date: 10 July 1994

MAKING IT WORK 3 Wally Blohm and a handful of fellow apiarists are the city's bee team. Their mission: to tame the swarming masses. NEW YORKERS & CO. 4 In the stands at Yankee Stadium, Raymond Accetta is "pretty much all hot dogs." He aspires, however, to beer.

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The World; A Spin Doctor Goes Abroad

Date: 10 July 1994

By Douglas Jehl

Douglas Jehl

DAVID R. GERGEN, who helped make Ronald Reagan's image what it was and then was recruited to do the same for Bill Clinton, has found it hard to shake his own public image, as the master of spin. Even under his new title of Special Adviser to the President and the Secretary of State, his debut was most remarked upon here last week for the intensity of the Administration's efforts to manipulate public perception. To be sure, Mr. Gergen stayed behind the scenes during the President's European trip. But no one traveling with them could help but notice how suddenly accessible often-remote Administration officials had become. In briefing rooms, hotel lobbies, even on the charter aircraft carrying the White House press, they descended so relentlessly that whispering began about just what was going on. When even the State Department's director of policy planning, James Steinberg, showed up on the press plane and volunteered a mid-air pre-briefing on the summit meeting for the seven biggest industrialized democracies, the explanation that jumped to everyone's lips was that a lot was being done to distract attention from Haiti, and that it must be Mr. Gergen's doing.

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Primal Curiosity

Date: 10 July 1994

"With everything else that's going on in the world," as one New Yorker put it recently, "wouldn't you think people would have more to do than pay all this attention to the O. J. Simpson case?" Of course, they have more to do. They had more to do 40 years ago when the wife of one Dr. Sam Sheppard was bludgeoned (he claimed) by "a bushy-haired stranger." But they read the miles of newsprint that accompanied that crime as avidly as America is now reading the miles of newsprint accompanying two deaths in California.

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Teen-Agers, in a Poll, Report Worry and Distrust of Adults

Date: 10 July 1994

By Susan Chira

Susan Chira

A nationwide poll of teen-agers suggests that many lead lives shadowed by adult concerns like violence, drinking and getting a good job, but these are worries that many say they cannot share with adults. Many appear to live in virtually separate worlds from adults. Four in 10 say their parents sometimes or often do not make time to help them, and many say the people they both trust and fear the most are other teen-agers.

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ACCORD IS REACHED WITH U.S. BANCORP OF PORTLAND

Date: 09 July 1994

By Bloomberg News

Bloomberg News

The Mellon Bank Corporation said yesterday that it had agreed to acquire 50 mortgage offices and $3.6 billion in loan servicing from U.S. Bancorp of Portland, Ore., for about $75 million in cash. The purchase will expand Mellon's mortgage loan operations from 27 offices mostly in the Northeast to 77 offices in 21 states in the Northeast, Rockies and Pacific Northwest. It will also expand Mellon's mortgage servicing portfolio to $27.4 million. U.S. Bancorp said it will realize a pretax gain of $50 million in the third quarter from the sale. U.S. Bancorp's shares rose 25 cents, to $26, in Nasdaq trading yesterday, while Mellon's shares were down 75 cents, to $56.375 yesterday, in Big Board trading.

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SHARES OF NIKE CLIMB TO A 52-WEEK HIGH

Date: 09 July 1994

By Bloomberg News

Bloomberg News

The shares of Nike Inc. touched a 52-week high of $62.50 yesterday, a day after it said a decline in fourth-quarter earnings was less severe than expected because of higher United States sales in its outdoor, cross-training, walking and tennis shoes. The world's largest athletic shoe company said fourth-quarter earnings fell 10 percent, to $69.2 million, or 93 cents a share, from $76.9 million, or $1, a year ago. The results were about 20 percent higher than expectations, according to a survey of 14 analysts by Zacks Investment Research, who predicted the company would earn 77 cents a share. Nike's shares closed at $62.125, up $2.125, on the New York Stock Exchange yesterday.

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AMERICAN PRESIDENT COMPANIES IN $100 MILLION OUTLAY

Date: 09 July 1994

By Bloomberg News

Bloomberg News

A unit of the American President Companies plans to spend up to $100 million on freight containers and related equipment over the next two years to increase capacity and keep pace with rising demand. The nation's largest intermodal container company, APL Stacktrain Services, plans to buy up to 4,000 new freight containers and supporting chassis in addition to "several hundred" rail cars. The purchase would increase the company's capacity by 20 percent and increase industry capacity of intermodal freight containers by 7 percent, the company said. Intermodal transportation, which uses a combination of trucks, railroads and ships, has been the industry's fastest-growing segment, with some carriers seeing 20 percent growth in year-over-year volumes.

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Alcan Selling Its Building-Products Unit

Date: 09 July 1994

By Bloomberg News

Bloomberg News

Alcan Aluminium Ltd. said today that it had agreed to sell its North American building-products operations to the Genstar Capital Corporation. The terms of the deal were not disclosed.

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MERGER APPROVED TO FORM HUGE HEALTH CARE CONCERN

Date: 09 July 1994

By Bloomberg News

Bloomberg News

Shareholders of T Medical Inc. and three other companies have overwhelmingly approved a four-way merger that will create the nation's second-largest home-infusion health care company. Atlanta-based T ; Curaflex Health Services Inc. of Ontario, Calif.; Health Infusion Inc. of Miami, and Medisys Inc. of Edina, Minn., will merge to become the Coram Healthcare Corporation. The new company will be based in Boulder, Colo., and have annual sales of about $500 million. The creation of Coram continues a string of mergers by health care companies, which are joining forces in response to the increasing power of managed-care groups. The merger also provides a new start for T , pronounced T Squared, whose stock plummeted in the last two years amid investigations of its business and accounting practices.

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