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23rd of October 1995 News
Ειδήσεις όπως εμφανίστηκαν στην πρώτη σελίδα των New York Times στο 23 Οκτωβρίου 1995
CNN and Dow Jones Business News Services to Square Off on AT&T On-LineForum
Date: 23 October 1995
By Peter H. Lewis
Peter Lewis
Next week, when business professionals subscribing to AT&T's Interchange on-line service turn to their computers for up-to-date information, they will have two familiar choices in financial news providers. In one corner of the screen will be the logo for CNN Interactive, the new digital version of the Cable News Network. In the other corner will be one for the Dow Jones Business Center, from the publisher of Barron's and The Wall Street Journal. CNN Interactive said last week that it had reached a long-term agreement to deliver multimedia business news on the AT&T Business Network, which is scheduled to begin Oct. 30 as part of the AT&T Interchange Online Network, a new competitor to services like Compuserve and America Online. CNN, a unit of Turner Broadcasting System, will also provide the AT&T service with content from the CNN Financial Network, a new business program scheduled to begin broadcasting in late December. And CNN hopes to eventually create new types of business news reports exclusively for AT&T, and to deliver them directly to computers, telephones, televisions or interactive pagers.
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CNN and Dow Jones Business News Services to Square Off on AT&T On-Line Forum
Date: 23 October 1995
By Peter H. Lewis
Peter Lewis
Next week, when business professionals subscribing to AT&T's Interchange on-line service turn to their computers for up-to-date information, they will have two familiar choices in financial news providers. In one corner of the screen will be the logo for CNN Interactive, the new digital version of the Cable News Network. In the other corner will be one for the Dow Jones Business Center, from the publisher of Barron's and The Wall Street Journal. CNN Interactive said last week that it had reached a long-term agreement to deliver multimedia business news on the AT&T Business Network, which is scheduled to begin Oct. 30 as part of the AT&T Interchange Online Network, a new competitor to services like Compuserve and America Online.
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CNN Rejects an Ad
Date: 24 October 1995
Cable News Network and its owner, Turner Broadcasting, support the House and Senate telecommunications bills. AT&T opposes the bills. AT&T, along with other long-distance telephone companies, wanted to voice its opposition by paying CNN to run commercials. CNN said no, in part because the ads posed a "conflict of interest." That will not cause grievous harm to the public. After all, Turner Broadcasting is only one of many media companies -- including newspapers, radio stations, television stations and phone companies -- that service communities and can carry advocacy messages. Yet the incident exposes a large danger to the free flow of information that is posed by the very telecommunications bills that AT&T's ads were designed to defeat.
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MEDIA: PRESS;The Miami Herald's ninefold path to reader enlightenment raises some journalists' eyebrows.
Date: 23 October 1995
By William Glaberson
William Glaberson
YOU used to sit down with your morning newspaper and say, "Let's see what's happening in the world." But in Miami, that is being updated: Get your morning coffee, settle back with The Miami Herald and read all about what is happening in nine subject areas.
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Arrest Is Called a 'Vendetta'
Date: 23 October 1995
By Terry Pristin
Terry Pristin
A volunteer staff member at The Elizabeth Reporter, who was arrested on Friday after he took photographs of a mugging victim at City Hall, is scheduled to appear in Municipal Court today on charges of obstructing justice and resisting arrest. The police said the staff member, Robert Griffith, 58, was arrested after he refused to back away from the victim, who did not want her photo taken. Mr. Griffith, a former president of the Elizabeth City Council, said yesterday that his arrest was part of a vendetta that Mayor J. Christian Bollwage is conducting against the weekly. "The Mayor was on vacation and had no idea this even happened," Sebastian D'Elia, Mr. Bollwage's press secretary, said. TERRY PRISTIN
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THE U.N. AT 50: CASTRO;Castro Back In Fatigues, And Harlem
Date: 23 October 1995
By Lizette Alvarez
Lizette Alvarez
After a restrained day of diplomacy, clad in a dark business suit, President Fidel Castro of Cuba changed back into fatigues last night to spend the evening before an adulatory audience at the Abyssinian Baptist Church in Harlem. Standing at a podium before 1,300 admirers, Mr. Castro held forth as if he were on a balcony overlooking a plaza in Havana, drinking in the cheers and applause that greeted his nearly every remark.
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CIRRUS LOGIC IN JOINT VENTURE TO MAKE COMPUTER CHIPS
Date: 24 October 1995
By Bloomberg News
Bloomberg News
The AT&T Corporation's microelectronics unit and Cirrus Logic Inc. have agreed to form a $600 million joint venture to make computer chips at AT&T's semiconductor plant in Orlando, Fla., the companies said yesterday. AT&T's microelectronics unit, based in Orlando, will own 60 percent of the venture, while Cirrus, based in Fremont, Calif., will own 40 percent. Production is expected to begin by early 1997.
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IMASCO UNIT AGREES TO BUY A CANADIAN DRUGSTORE CHAIN
Date: 24 October 1995
By Bloomberg News
Bloomberg News
Imasco Ltd. said yesterday that its Shoppers Drug Mart pharmacy unit would acquire the Big V Pharmacies Company, based in London, Ontario, for $243 million (Canadian), the equivalent of about $177 million (United States). Imasco, based in Montreal, is Canada's largest drugstore operator, with 718 stores across the country. B.A.T. Industries of Britain owns 44 percent of Imasco. Big V, which is closely held, operates 135 drugstores in Ontario. Under the purchase agreement, Big V shareholders would receive $10 (Canadian) a share in cash, or that amount in notes and Imasco common shares if they wanted a tax deferral.
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GRACE SAID TO DELAY SPINOFF OF ITS HEALTH-CARE UNIT
Date: 24 October 1995
By Bloomberg News
Bloomberg News
W. R. Grace & Company said yesterday that a planned spinoff of its health-care unit would be delayed for as long as three months while the company complies with Federal subpoenas for Medicare documents, some large shareholders of Grace said. The Department of Health and Human Services began an investigation last week of the Medicare billing practices of Grace's National Medical Care unit. In a meeting with institutional shareholders of Grace, the company's chief executive, Albert J. Costello, also said that he would consider alternatives to a spinoff if the investigation appeared to be prolonged, said the investors, who insisted that they not to be identified. Grace, which is based in Boca Raton, Fla., declined to comment.
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2 Banks Seen In Merger Talks
Date: 23 October 1995
By Bloomberg News
Bloomberg News
The Nationsbank Corporation and the BankAmerica Corporation may be in negotiations to merge, according to a report in Barron's, which cited an unnamed Nationsbank director who said Nationsbank had been talking to several major banks. The article quoted the director as saying BankAmerica would be "by far the best fit." A spokesman for BankAmerica said the bank did not comment on merger speculation. Officials at Nationsbank were not immediately available for comment.
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