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4th of December 1991 News
Ειδήσεις όπως εμφανίστηκαν στην πρώτη σελίδα των New York Times στο 4 Δεκεμβρίου 1991
Turmoil for Maxwell Means Anxiety at the Daily News
Date: 04 December 1991
By Alex S. Jones
Alex Jones
Kevin Maxwell sent word yesterday to employees of The Daily News that the paper, which is owned directly by the Maxwell family, would not be affected by his decision to resign as chairman of the Maxwell Communication Corporation. But the circumstances behind Mr. Maxwell's resignation prompted renewed speculation that the Maxwell empire could be pushed into bankruptcy, which could put far heavier pressure on the family to sell or abandon any businesses that are unprofitable, like The Daily News.
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Maxwell Empire Is Near Collapse As Son Discloses Far Higher Debts
Date: 04 December 1991
By Steven Prokesch
Steven Prokesch
The publishing empire of the late Robert Maxwell seemed on the brink of collapse today as one of his sons disclosed that the debts of its private family-owned businesses were far greater than previously estimated, raising the prospect that the family would lose control of its vast holdings. The Maxwell family's holdings are clustered into three spheres, two of which are publicly traded companies that the Maxwells control. The third company is a collection of private companies and trusts controlled by the Maxwell family, and it owns, among other things, The Daily News in New York.
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Corning Dividend
Date: 05 December 1991
By Bloomberg News
Bloomberg News
Corning Inc. said its directors had increased the quarterly dividend to 30 cents a share, from 25 cents, and had declared a year-end special dividend of 30 cents a share. The dividends are payable on Dec. 31 to shareholders of record on Dec. 16. Corning directors also approved a 2-for-1 stock split, payable as a 100 percent stock dividend on Feb. 10 to holders of record on Jan. 13. The split will raise the number of outstanding common shares to 193.6 million, from 96.8 million. Corning's shares rose 12.5 cents each today, to $77.75, on the New York Stock Exchange.
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Job Cuts at Bass
Date: 05 December 1991
By Bloomberg News
Bloomberg News
Bass P.L.C. said it would cut a total of 460 jobs as part of the restructuring of its British brewing operations. Bass has incurred an exceptional charge totaling $:55 million, or about $98 million, in its fiscal 1991 earnings because of the restructuring and job losses at its Bass Taverns unit. Bass said the revamping would take place over two and a half years. The job losses will be partly offset by 50 new jobs at Bass's Cape Hill Brewery in Birmingham, where the company plans to invest $:50 million by 1994. Bass is transferring some brewing and packaging operations to Cape Hill from a brewery in Glasgow.
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NEWS SUMMARY
Date: 04 December 1991
International A3-18 ANOTHER U.S. HOSTAGE IS FREED Alann Steen was freed after nearly five years of captivity in Lebanon, and there were reports that the last American hostage, Terry A. Anderson, could be freed today. A1 Mr. Steen's family has grown and changed in his absence. A10 Iran asserts pledge on hostages. A11 U.S. MOVES TO MEND ISRAEL TIES As Arab delegations arrived in Washington for peace talks with Israel, the Bush Administration moved on several fronts to repair frayed relations with Jersualem. A3 Israel prepared to start a settlement where snipers killed two Jews. A3 AS RUBLE FADES, DOLLAR IS KING The ruble, now worth a little more than a penny, is fading as fast as the Soviet Union itself. Everyone in Moscow wants dollars, a fact that many, particularly the older generation, find painful and embarrassing. A1 GORBACHEV WARNS OF CHAOS While Ukraine reveled in its freshly affirmed independence, an unusually dejected President Gorbachev issued a grim warning to his compatriots of the fate they faced if the Soviet Union fell apart. A18 Ukrainian villagers see no conflict with Russia. A18 MAXWELL EMPIRE SHAKEN Bankers for the London-based publishing empire of the late Robert Maxwell said the debts of its family-owned businesses were far greater than estimated, raising the prospect that the family would lose control of its vast holdings, including The Daily News in New York. A1 RULING ON HAITIAN EXODUS A Federal District Court in Miami ordered U.S. officials to devise new procedures to assure that no Haitians with a legitimate fear of persecution are sent back. A6 KHMER ROUGE LEADER TO RETURN The Khmer Rouge leader who was attacked last week by a revenge-seeking mob in the Cambodian capital said he would return under stronger official protection. A7 MANDELA: LIFT SANCTIONS SLOWLY Nelson Mandela told the United Nations General Assembly that the remaining sanctions against South Africa should be relaxed in three phases linked to a political process ending white minority rule. A9 Troops backing a former military ruler seized Togo's premier. A8 Japan moved a step toward allowing military forces abroad.A5 Some U.S.-Japan economic differences may be irreconcilable. D1 Kenya's leader explained his decision to allow multiple parties. A17 Britain is digging in its heels on key proposals for European unity. A12 An aide to Chancellor Kohl resigned over German arms shipments. A18 National A20, B12-15 SUNUNU STEPS DOWN John H. Sununu resigned as White House chief of staff after months of bruising political attacks in which he had become the symbol of increasing disarray in President Bush's domestic policy team. In submitting his resignation, Mr. Sununu said he had feared he would become "a drag" on the President's 1992 campaign. A1 In departing, Sununu took an oblique swipe at Bush. A1 News analysis: Clearing the decks for the '92 campaign. B13 GRAY SKIES, BRIGHTER HORIZON The chairman of the Council of Economic Advisers acknowledged that the economy was worse than he had expected, but said he foresaw improvement by spring. B13 OHIO'S DAY IN COURT In a case involving the leaky Fernald nuclear weapons plant near Cincinnati, the Supreme Court heard arguments on whether the Energy Department should pay fines for radioactive and chemical pollution. A20 OUT OF WEDLOCK The Census Bureau reported that increasing numbers of new mothers around the nation were unmarried and that the trend was particularly marked among teen-agers. A20 DAY 2 IN PALM BEACH The woman who has accused William K. Smith of raping her was "hysterical" after the incident, the friend whom she summoned to the Kennedy estate testified. A20 'WE'RE ONE PEOPLE' A representative of the Chukchi people of the Soviet Union visited a northwestern Alaska port to sign an agreement of cultural cooperation with Eskimos that is expected to bring the long-isolated Chukchi further into the global mainstream. B15 BIG RECALL BY G.M. General Motors said it would recall every Chevrolet Corsica and Beretta built from 1988 through 1990 -- a total of 830,000 cars -- to replace defective seat-belt parts that could cause injury in an accident. B14 Noriega trial judge considered a mental exam for Lehder. B14 Education B16 Yale University is debating the costs of academic excellence. The government plans to issue new rules on minority scholarships. Metropolitan Digest, B1 CURBING RISE IN FARES By shifting money from the commuter railroads, transit officials propose to limit the increase in the New York City subway and bus fares. A1 Neediest Cases B8 Business Digest, D1 The Living Section C1-14 Raising the stakes for New York wine. C1 Made in Vermont: myths you can eat. C1 Kitchen Bookshelf. C1 Health Page C19 U.S. DROPS AIDS RULES The Federal Centers for Disease Control is dropping its plan to list procedures that health workers infected with the AIDS virus should not perform. A1 Personal Health: teaching children to behave. C19 Arts/Entertainment C20-28 Film: "Kafka." C21 Music: Cherkassky piano recital. C21 Word and Image: Book Notes C21 An update on research into mental disorders. C21 Suspense novels set in Moscow and Washington. C25 Gumbel signs new contract with "Today." C26 Sports B17-23 Baseball: Bonilla gives Mets new outlook. B17 Bronx kid makes very, very good. B18 Basketball: Nets beat 76ers. B21 Orangemen rout Seminoles. B21 Columns: Anderson on Bonilla. B17 On Baseball. B18 Football: Jets' Young looking forward to playing again. B22 Obituaries D24 W. R. Stephens, political leader and Arkansas investor Editorials/Op-Ed A26-27 Editorials A26 The President's man. In Ukraine: Ban The Bomb. Tuberculosis counterattack. Topics: Insuring charities. Letters A26 Anna Quindlen: Trials and truth. A27 Francis M. Bator, Robert Solow: Two ways to wake the economy. A27 Stanley Weintraub: Three myths about Pearl Harbor. A27
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NEWS SUMMARY
Date: 05 December 1991
INTERNATIONAL A3-22 LAST U.S. HOSTAGE IS FREE Terry Anderson, the longest-held American hostage in Lebanon, was freed by his kidnappers after nearly seven years in captivity. Smiling and laughing as he met with reporters in Syria, he said he was in good health. A1
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CBS Adding an Overnight News Program
Date: 05 December 1991
By Bill Carter
Bill Carter
CBS News announced yesterday that it would begin an overnight news program early next year, replacing "Nightwatch," a news interview program that has been broadcast since 1982. The move will result in layoffs in CBS News's Washington bureau, the network said. CBS would not disclose the number of people who would lose their jobs, but a CBS News executive, who spoke on condition of anonymity, estimated that up to 50 people would be affected and that only a few of them were likely to be hired for the new program.
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BRIEFS
Date: 05 December 1991
* Dixieland Food Stores Inc., a unit of Fleming Cos., Oklahoma City, a wholesale food distributor, has reached an agreement to sell substantially all of its supermarket operations to Piggly Wiggly Mid-SouthInc., a supermarket operator. No terms were disclosed. * Eastman Chemical Co., Kingsport, Tenn., has formed a venture with Rhone-Poulenc S.A., the French chemical maker, make cellulose acetate. * Genicom Corp., Waynesboro, Va., a maker of computer products, said it had signed a letter to acquire Rastek Corp., an engineering company. Terms were not disclosed. * Rubbermaid Inc., Wooster, Ohio, has reached an agreement to buy Cipsa, a Mexican plastic and rubber housewares maker. The seller is Grupo IRSA S.A. of Mexico. No terms were disclosed.
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Kellogg Stock Split
Date: 04 December 1991
By Bloomberg Business News
Bloomberg News
The Kellogg Company said shareholders had approved an increase in the number of authorized common shares to 330 million, from 165 million. The move clears the way for a 2-for-1 stock split, payable to holders of record as of Dec. 4. Each share of Kellogg stock will be worth two shares as of Wednesday. Kellogg's shares ended the day up $2.25, to $112.125, on the Big Board.
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Shift at Pacific Enterprises
Date: 04 December 1991
Pacific Enterprises, a holding company for a large utility and a retailing operation in Southern California, said today that its 54-year-old chairman and chief executive, James R. Ukropina, has resigned for health reasons. Pacific's board named Willis B. (Bill) Wood Jr., the company president, to the additional post of chief executive but it did not fill the chairman's position.
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