INTERNATIONAL BUSINESS;NBC to Share News Gathering
Date: 09 November 1995
Reuters
The German public broadcaster ZDF announced today that it and NBC had agreed to cooperate on news gathering worldwide. The two organizations will coordinate their reporting on major international news events and make use of each other's studios, ZDF said in a statement, adding that the deal would formally be signed at the end of the month in New York.
Full Article
COMPANY REPORTS;News Corporation Earnings Rise Slightly for the Quarter
Date: 09 November 1995
By Bloomberg Business News
Bloomberg News
The News Corporation reported a slight gain in first-quarter profit yesterday as strong results from its TV stations were offset by lower earnings from its film division. Earnings were also hurt by the cost of operating Star TV in Asia and higher newsprint prices, the company, which is controlled by Rupert Murdoch, said.
Full Article
60 Minutes' Ordered to Pull Interview in Tobacco Report
Date: 09 November 1995
By Bill Carter
Bill Carter
In an atmosphere of heightened tension between cigarette manufacturers and the press, CBS's lawyers ordered the news program "60 Minutes" not to broadcast a planned on-the-record interview with a former tobacco company executive who was harshly critical of the industry. Instead, the program has substituted a revised report for this Sunday that will examine how cigarette manufacturers try to prevent information from reaching the public.
Full Article
Bosnia Serbs Free U.S. Newsman After 9 Days
Date: 09 November 1995
By Kit R. Roane
Kit Roane
After nine days in a Bosnian Serb jail, an American journalist, David Rohde, was released today. "I didn't expect it to take so long to be released, but I'm glad I finally got out," Mr. Rohde said after arriving safely at the United States Embassy in Belgrade, Serbia, shortly before President Clinton phoned with congratulations.
Full Article
Yale Editors Served Fruit Punch This Year
Date: 09 November 1995
To the Editor: A year ago you published a piece by my friend Christopher Buckley, who endured appalling indignities by agreeing to speak to the Yale Daily News banquet in New Haven (Op-Ed, Nov. 22, 1994). On that occasion staff members of The Daily News apparently fulfilled their annual quotas for alcohol in a single evening, rendering themselves incapable of listening to Mr. Buckley's speech, and in some cases incapable of opening their eyes. Mr. Buckley cast his piece as a warning to the person invited to speak to the next Yale Daily News banquet (which took place last Saturday night in New Haven).
Full Article
COMPANY NEWS
Date: 09 November 1995
DIAMOND SHAMROCK TO BUY CONVENIENCE STORES Diamond Shamrock Inc. agreed yesterday to acquire National Convenience Stores Inc. for $27 a share, or $260 million. The agreement, which has been approved by both companies' boards, would thwart the Circle K Corporation's tender offer to buy National Convenience for $20 a share. National Convenience rejected the offer, and the companies were negotiating. Diamond Shamrock, based in San Antonio, is a petroleum refiner and gasoline marketer that also operates convenience stores. Its offer is conditioned upon acquiring at least two-thirds of National Convenience's shares and other terms. National Convenience, based in Houston, operates 661 Stop N Go convenience stores in Texas. Most of Diamond Shamrock's stores are in Texas. (Dow Jones)
Full Article
COMPANY NEWS;KODAK TO BE FREED OF MARKETING RESTRAINTS
Date: 08 November 1995
AP
After a two-and-a-half-year battle with the Federal Government, the Eastman Kodak Company has been freed of decades-old restraints intended to keep it from monopolizing the United States photographic market. The Justice Department said yesterday that it would not seek a Supreme Court appeal of a Federal court ruling setting aside consent decrees issued in 1921 and 1954 that were aimed at restraining Kodak's marketing practices. The 1921 order prohibited Kodak from making private-label film, while the 1954 order barred the company from including photofinishing costs in film prices.
Full Article
COMPANY NEWS;A UNIT OF FIRST HAWAIIAN WILL BE SOLD
Date: 08 November 1995
Dow Jones
Dow Jones
The Bank of New York Company signed an agreement yesterday to buy the municipal bond and trust business of First Hawaiian Bank for undisclosed terms. Bank of New York said the acquisition involved the transfer of about 20 municipal bond trustee and agency relationships. The acquisition is expected to close in the fourth quarter and will add to earnings immediately, Bank of New York said. The deal was the 10th trust acquisition in two years by Bank of New York. First Hawaiian Bank is a unit of First Hawaiian Inc., which is based in Honolulu.
Full Article