Reluare marți, 2 iulie 1996

Dole Criticizes Role Of Press and Foes In Tobacco Debate

Date: 03 July 1996

By Adam Nagourney

Adam Nagourney

In a contentious television interview broadcast this morning, Bob Dole charged that the "liberal media" were promoting the Democratic line in questioning his statement that tobacco may not be addictive to everyone. He also asserted that the Democratic Party was more beholden to tobacco interests than he was. Mr. Dole, appearing with his wife, Elizabeth, in a segment of the NBC News program "Today" that was recorded Sunday, countered queries about his ties to the tobacco industry with questions about the motives and honesty of his challengers -- including news organizations and the White House. He also criticized in a less pointed way a Republican political supporter, former Surgeon General C. Everett Koop, who last week expressed concern over Mr. Dole's skepticism about the addictiveness of cigarettes. Mr. Dole agreed with a questioner who suggested that Dr. Koop may have been "brainwashed."

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INSIDE

Date: 03 July 1996

More Austerity for Hospitals

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NEWS SUMMARY

Date: 03 July 1996

International A3-13

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NEWS SUMMARY

Date: 02 July 1996

International A2-7

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WORLD NEWS BRIEFS;Mongolian Centrists Win

Date: 02 July 1996

Reuters

The opposition Democratic Union Coalition upset the former Communists in parliamentary elections on Sunday, winning 50 of the 76 seats in parliament, the General Election Committee said today. The former Communists, the ruling Mongolian People's Revolutionary Party, took 25 seats, according to the final tally. The Conservative Party won the remaining seat.

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COMPANY NEWS;ROCKWELL INTERNATIONAL TO ACQUIRE BROOKTREE

Date: 02 July 1996

Reuters

The Rockwell International Corporation said yesterday that it would acquire the Brooktree Corporation for $15 a share in cash, or about $275 million. Rockwell plans to take a one-time charge estimated at $120 million, when it completes the acquisition, for research and development that is in progress. Brooktree, based in San Diego, manufactures high-performance digital and mixed-signal integrated circuits for computer graphics, multimedia, imaging and communications applications. It had sales of $138 million in the 1995 fiscal year and has about 575 employees. Rockwell has operations in automation, avionics, aerospace, military electronics, semiconductor systems and automotive component systems. Rockwell's stock fell 75 cents, to $56.625.

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COMPANY NEWS;COMPUNET COMPUTER OF GERMANY AGREES TO BE SOLD

Date: 03 July 1996

Bloomberg Business News

Bloomberg News

GE Capital Services, part of the General Electric Company, signed an agreement yesterday to buy Compunet Computer A.G., a German provider of computer services. G.E. did not disclose the price. Compunet, which employs 1,850 people, had sales of $1 billion in 1995. The company, which is closely held, specializes in helping large corporations make their computer systems work together. It is based in Kerpen, Germany, near the Belgian border.

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COMPANY NEWS;KEMET REFUSES DEAL WITH VISHAY INTERTECHNOLOGY

Date: 02 July 1996

Dow Jones

Dow Jones

The Kemet Corporation, a maker of electronic components, said yesterday that it was not interested in merger talks with Vishay Intertechnology Inc. Vishay had proposed a deal with a potential value of $1 billion. Kemet said that its "strong future prospects as an independent company make discussions with Vishay not in the best interests" of the company or its shareholders. Kemet, which is based in Greenville, S.C., said that it had adopted a shareholders' rights plan that would hamper a takeover move. Kemet makes capacitors -- indispensable components found in wristwatches, cellular phones and computers that control the flow of current in electronic circuits. Vishay, which is based in Malvern, Pa., also makes capacitors.

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COMPANY NEWS;MATTEL EXPECTS DISAPPOINTING SALES AND EARNINGS

Date: 03 July 1996

Reuters

The toy maker Mattel Inc. said yesterday that its sales and net income for the second quarter would be about the same as last year, meaning that they would fall short of expectations. Mattel, which makes the Barbie doll, said, however, that it still expected an increase of at least 15 percent in its earnings for the year. The stock of Mattel fell by $3.125 a share, to $26, on the New York Stock Exchange. In the second quarter of last year, the company, which is based in El Segundo, Calif., reported a profit of $67.5 million, or 24 cents a share. Analysts surveyed by First Call were expecting earnings of around 26 cents a share in the latest quarter. A spokesman for Mattel declined to comment on reasons for the disappointing results.

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COMPANY NEWS;BOEING TO CREATE A BUSINESS JET WITH G.E.

Date: 03 July 1996

Bloomberg Business News

Bloomberg News

The Boeing Company and the General Electric Company said yesterday that they had formed a joint venture to turn one of Boeing's most popular commercial airplanes into a line of business jets. The new company, called Boeing Business Jets, will modify Boeing's 737-700, doubling its range so it can fly from New York to Tokyo. Analysts say the venture will give Boeing low-cost access to the business jet market, now dominated by Bombardier Inc. and the Gulfstream Aerospace Corporation. Boeing will be the controlling partner in the venture, which will be based in Seattle, Boeing's hometown. Financial terms of the venture were not disclosed. G.E., based in Fairfield, Conn., will be the first customer for the jet. G.E. is a co-owner of CFM International, which makes engines for the Boeing 737.

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