Reluare sâmbătă, 25 noiembrie 1995

NEIGHBORHOOD REPORT: CO-OP CITY;The War of the Co-op Weeklies

Date: 26 November 1995

By Mark Francis Cohen

Mark Cohen

Each Saturday, two weekly newspapers are thumped down at each of the 15,372 doorsteps in Co-op City. One is delivered free with a Pennysaver insert and a screaming red headline; the other, more sedate, comes as part of the residents' maintenance fees. Since 1969, the rival papers, City News and Co-op City Times, which is published by the cooperative's management corporation, have been involved in a war peppered with charges of bias and censorship.

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THE NATION;The Politics of Politicians' Health

Date: 26 November 1995

By Jerry Gray

Jerry Gray

IN the last few weeks, Attorney General Janet Reno, Mayor Marion S. Barry Jr. of Washington and Gov. Christine Todd Whitman of New Jersey have all disclosed personal health problems. What little public reaction there was came in the form of plaudits for the political leaders, who, while perhaps speaking out to pre-empt reporters and rivals, were also serving to destigmatize disability and disease. And the matter-of-fact way in which the press and public handled the news showed just how accepting Americans have become of medical problems.

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NEWS SUMMARY

Date: 26 November 1995

IRELAND VOTES TO PERMIT DIVORCE The Irish narrowly approved a referendum to remove the constitutional ban on divorce and remarriage after a bitter campaign that pitted the Roman Catholic Church against the state. 1

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NEWS SUMMARY

Date: 25 November 1995

International 3-5

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COMPANY NEWS;ORNDA IN HOUSTON NORTHWEST ACQUISITION PACT

Date: 25 November 1995

Reuters

The Ornda Health Corporation said yesterday that it had signed a definitive agreement to acquire a controlling stake in Houston Northwest Medical Center Inc. from the hospital's employee stock ownership plan for about $154 million. The deal would make Houston Northwest Medical Center, a 498-bed tertiary-care hospital, a wholly owned subsidiary of Ornda. Ornda already owns preferred stock and mortgage debt of the medical center valued at $73.8 million as of Aug. 31. Ornda, based in Nashville, is the nation's third-largest investor-owned hospital management company.

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WORLD NEWS BRIEFS;Norway Gives Germany A Palestinian Hijacker

Date: 26 November 1995

Reuters

A Palestinian woman involved in the 1977 hijacking of a Lufthansa airliner to Somalia was extradited to Germany today, the police said. On Friday, Norway rejected an appeal to stop the extradition of the woman, Souhaila Andrawes. The Norwegian news agency said she was put on a private plane for Hamburg, Germany.

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COMPANY NEWS;TIMBERWEST FOREST TO ACQUIRE MACKENZIE BUSINESS

Date: 25 November 1995

Dow Jones

Dow Jones

TimberWest Forest Ltd. said yesterday that it would acquire the Mackenzie wood product business of Fletcher Challenge Canada Ltd. for $167 million (Canadian), or $123.3 million (United States). The transaction by the two Vancouver forest product companies includes two sawmills, timber cutting rights and related logging operations near Mackenzie in the northern part of British Columbia. The operations TimberWest plans to acquire currently harvest about 1.5 million cubic meters of wood annually. With the Mackenzie operations, TimberWest estimated it would harvest a total of about 4.3 million cubic meters of wood. The final price of the transaction could be adjusted depending on changes in lumber and wood chip prices.

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COMPANY NEWS;CREATIVE TECHNOLOGY ENDS TALKS WITH REVEAL COMPUTER

Date: 25 November 1995

Reuters

Creative Technology Ltd., a maker of sound, video and multimedia products for personal computers, said yesterday that it had called off a merger with Reveal Computer Products Inc. after the deal was frowned upon by analysts and certain major shareholders. Creative Technology, a Singapore-based company, announced plans in October to acquire Reveal Computer, which makes personal computer peripheral equipment, for up to $65 million. Investors reacted negatively because of the large amount of debt involved and the perceived demands on management resources, Creative Technology said.

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COMPANY NEWS;GREAT FINANCIAL TO BUY LFS BANCORP FOR $75.5 MILLION

Date: 25 November 1995

Bloomberg Business News

Bloomberg News

The Great Financial Bank Corporation will buy LFS Bancorp for $19.50 a share in cash, or $75.5 million, the two companies said yesterday. Great Financial, based in Louisville, Ky., said the acquisition of LFS would give it an expanded presence in the Lexington, Ky., market. LFS operates Lexington Federal Savings Bank, which has four branches. LFS shares rose 12.5 cents to close at $19 in Nasdaq trading yesterday. The news was released after the stock market closed. LFS said on Oct. 31 that it was considering a $19.50-a-share takeover offer.

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COMPANY NEWS;HAMBURGER HAMLET IS CLOSING A THIRD OF ITS STORES

Date: 25 November 1995

Bloomberg Business News

Bloomberg News

Hamburger Hamlet Restaurants Inc. said yesterday that it was closing a third of its stores and would file for Chapter 11 reorganization in a move to return to profitability. The restaurant chain also said it had reached a tentative agreement with its bank to finance "certain near-term working capital needs." It did not provide details. On Nov. 9, the company reported a widening loss and said it could not draw on the remaining $1.8 million of a bank credit line because it had violated part of its loan agreement. The restaurant chain said it was closing 12 restaurants, effective yesterday, leaving it with 19.

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