1995年10月26日木曜日 の再生

Man in the News: John Joseph Sweeney;New Fire for Labor

Date: 26 October 1995

By Steven Greenhouse

Steven Greenhouse

John J. Sweeney, the new president of the A.F.L.-C.I.O., was not playing by Marquis of Queensbury rules when he told the Los Angeles Board of Supervisors in July that if it pushed through a plan to cut 18,000 workers from its payroll, his union would conduct "a massive campaign of resistance and retribution." Mr. Sweeney, who has spent 15 years as president of the Service Employees International Union, warned the Los Angeles officials that instead of forcing labor to accept their plan, they had better show workers some respect and sit down with union leaders to discuss less-painful ways to make budget cuts.

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BATTLE OVER THE BUDGET: THE POLLS;Gingrich Attacks Times-CBS Poll, Claiming Bias Against G.O.P.

Date: 27 October 1995

By Ian Fisher

Ian Fisher

Speaker Newt Gingrich and other Republican leaders attacked a New York Times/CBS News Poll today, contending that it asked questions calculated to prompt unfavorable public reaction to Republican legislative proposals. "This poll is a disgraceful example of disinformation," Mr. Gingrich said at a news conference. "What we get are deliberately rigged questions that are totally phony that come out the morning of the vote" on the House's tax and spending bill.

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AMERICANS REJECT BIG MEDICARE CUTS, A NEW POLL FINDS

Date: 26 October 1995

By Adam Clymer

Adam Clymer

As Congress takes up the budget, the American public fears plans of the Republicans to curb Medicare spending, scoffs at their tax cut and flatly does not believe that the plan would produce a balanced budget by 2002, the latest New York Times/ CBS News Poll shows. By a nearly 3-to-1 margin, the public rejects the tax cuts that Senate Democrats spent the day denouncing. And by a 2-to-1 ratio, the public disapproves of the Republicans' Medicare plan, while conceding that it does not know much about it.

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4 Win Prizes for Coverage of the Americas

Date: 26 October 1995

Four journalists have won the 1995 Maria Moors Cabot Prizes from Columbia University for promoting press freedom and inter-American understanding. The journalists, two from the United States, one from Jamaica and one from Guatemala, will each receive $1,000 and a gold medal tonight at Columbia University.

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Essay;Let the Loser Lose

Date: 26 October 1995

By William Safire

William Safire

In a tie and suit, Fidel Castro, describing himself as a politician, flattered the media biggies gathered for lunch in Mort Zuckerman's Fifth Avenue apartment with: "You are the cream of the crop." A dollop of sour cream came from this corner: If you claim to be a politician, why have you been unwilling for 36 years to face an opponent in a democratic election?

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NORTHWEST AIRLINES RESTRUCTURES A $731 MILLION LOAN

Date: 27 October 1995

By Bloomberg News

Bloomberg News

The Northwest Airlines Corporation has restructured a $731.4 million loan against property it owns in downtown Tokyo, reducing its long-term debt. Northwest said yesterday that the interest rate on the 10-year financing agreement, denominated in Japanese yen, had been reduced to 3 percent from 4 percent and that the maturity had been extended from a single balloon payment due in February 2000 to three equal annual payments due in 2005, 2006 and 2007. The company also has an option to defer semiannual cash payments for up to three years.

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INTERMET REJECTS BID BY GROUP INCLUDING FOUNDER

Date: 27 October 1995

By Bloomberg News

Bloomberg News

The Intermet Corporation said yesterday that its board had rejected a $337.5 million takeover bid by a group that includes the company's founder. Intermet, based in Troy, Mich., makes precision iron parts for the auto industry. The company's founder, George W. Matthews, and the New York investment bankers Kelso & Company made a bid of $13.50 a share on Oct. 1. Mr. Matthews, who retired in 1994, and a group of investors controlling 23.6 percent of the company's stock outstanding wanted to take the company private. John Doddridge, the chairman of Intermet, said the directors had voted unanimously on Wednesday night to reject the proposal. The company's stock fell $1.125, to $12.50, in Nasdaq trading.

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DONALDSON, LUFKIN TO BUY A MAKER OF CHAIN SAWS

Date: 27 October 1995

By Bloomberg News

Bloomberg News

Donaldson, Lufkin & Jenrette Inc.'s merchant banking group said yesterday that it had agreed to buy the McCulloch Corporation, a maker of chain saws and lawn equipment, from the Shop Vac Corporation. The price was not disclosed. McCulloch, based in Tucson, Ariz., has annual revenue of more than $240 million. Donaldson, Lufkin said it expected the purchase to be completed in November.

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SARA LEE TO BUY BACK SHARES AND INCREASE ITS DIVIDEND

Date: 27 October 1995

By Bloomberg News

Bloomberg News

The Sara Lee Corporation said yesterday that it would buy back as many as 15 million shares, and it raised its quarterly dividend by 11 percent. Sara Lee, the maker of consumer products like Hanes stockings and Ball Park frankfurters, increased its quarterly dividend to 19 cents a share from 17 cents. The increased dividend is payable on Jan. 1 to shareholders of record on Dec. 1. The company, based in Chicago, said that it planned to buy back the shares on the open market and that it still had 2 million additional shares it could repurchase from an earlier authorization. Sara Lee shares slipped 37.5 cents, to $29.125, on the New York Stock Exchange.

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Japanese Stocks Lower

Date: 27 October 1995

By Bloomberg News

Bloomberg News

Stock prices were lower here today. At the close, the Nikkei index of 225 issues was down 389.49 points, or 2.20 percent, at 17,334.19. On Thursday, the Nikkei index fell 244.13 points.

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