SPORTS PEOPLE: BASKETBALL;Jordan and Barkley Fined
Date: 29 February 1996
MICHAEL JORDAN and CHARLES BARKLEY were fined $10,000 each by the National Basketball Association for failing to show up for a media availability day on the Friday before the N.B.A. All-Star Game in San Antonio. Jordan and Barkley were reportedly playing golf at the time, either in Las Vegas or Phoenix. Jordan received a similar fine in 1993 for missing the obligatory session. (AP)
Full Article
Liberties;Gasping for Eire
Date: 29 February 1996
By Maureen Dowd
Maureen Dowd
I'm not taking the fall. Sure, I know what you're thinking. He's an Irish Catholic and a journalist. I'm an Irish Catholic and a journalist. Two peas in a pod. Chips off the old sod.
Full Article
Day at the Races, Night at Journalism
Date: 29 February 1996
To the Editor: Re Howell Raines's "Fallows Fallacy" (Editorial Notebook, Feb. 25):
Full Article
COMPANY NEWS;BOMBARDIER DECIDES NOT TO BID FOR FOKKER
Date: 28 February 1996
Bloomberg Business News
Bloomberg News
Bombardier Inc., the Montreal-based aircraft maker, said yesterday that it had decided against making an offer for Fokker N.V., leaving the Dutch commuter aircraft maker with only a few days to find an alternate plan to avert bankruptcy. "The risks involved were too high," a Bombardier spokesman said. Bombardier, a company with a record of turning around troubled plane builders, had been seen as Fokker's best hope for survival. A unit of Bombardier, Short Brothers of Northern Ireland, makes wings for Fokker, and a spokesman said the unit was still in talks with Fokker. Meanwhile, Hans Wijers, the Dutch Economics Minister, said he expected Samsung of South Korea to make its intentions on Fokker clear in the next few days. Fokker's majority shareholder, Daimler-Benz A.G., halted its support for the company last month.
Full Article
COMPANY NEWS;LORAL ACKNOWLEDGES AN INVESTIGATION BY THE S.E.C.
Date: 28 February 1996
Bloomberg Business News
Bloomberg News
The Loral Corporation said yesterday that the Securities and Exchange Commission was investigating trading in shares of Loral prior to an announcement that the Lockheed Martin Corporation would acquire the company. On Jan. 8, Lockheed Martin said it would acquire most of Loral in a deal then valued at more than $7 billion. In a filing with the S.E.C. yesterday, Loral said the commission informed Lockheed on Feb. 8 that it had begun an informal inquiry into the trading. Lockheed said on Jan. 25 that the New York Stock Exchange had also asked for information on the trading. Also yesterday, Lockheed extended its offer until March 20 because the Federal Trade Commission had not acted on the transaction.
Full Article
COMPANY NEWS;HANSON TO SELL SOME FORESTS AND SAWMILLS
Date: 29 February 1996
Hanson P.L.C., the British-American industrial conglomerate, said yesterday that it would sell forests and sawmills in the American South to the Weyerhaeuser Company for $500 million. Hanson said its Cavenham Forest Industries subsidiary would sell 661,200 acres of timberland in Louisiana and Mississippi, as well as four sawmills, to Weyerhaeuser, which is based in Tacoma, Wash. This is the first announced disposal since Hanson said in December that it would sell all of Cavenham's timber and sawmill operations in the United States. (AP)
Full Article
COMPANY NEWS;DETAILS OF CAMPBELL TAGGART SPINOFF ARE RELEASED
Date: 29 February 1996
The Anheuser-Busch Companies announced the terms yesterday of the planned spinoff of its baking business. The company expects to distribute to stockholders one share in the business, Campbell Taggart Inc., for every 25 Anheuser-Busch shares held, according to a filing with the Securities and Exchange Commission. The new concern, to be renamed the Earthgrains Company, will distribute a total of 10.2 million common shares, based on the 254 million Anheuser-Busch shares outstanding as of Jan. 31. Based on the closing price Tuesday on the New York Stock Exchange, the spinoff is valued at $684.7 million. Anheuser-Busch also agreed to sell its Cape Cod Potato Chips business, as well as the plant in Hyannis, Mass., where the chips are made, back to the founder, Steve Bernard. Terms were not disclosed. (Dow Jones)
Full Article
COMPANY NEWS;B.P. SEEN IN EUROPEAN DEAL WITH MOBIL
Date: 29 February 1996
The British Petroleum Company and the Mobil Corporation plan to combine their European refining, gasoline-station and lubricants operations in a $5 billion deal, according to articles today in The Financial Times and The Wall Street Journal. Under an agreement expected to be announced today, B.P. would control the refining and marketing businesses, while Mobil would handle the lubricants operation, the newspapers said. B.P. would have a 70 percent interest in the venture, which would have combined annual sales of $20 billion. The companies are expected to take charges totaling $400 million to start the venture. Company officials declined to comment last night. Separately, Mobil agreed yesterday to sell its Tucker Housewares subsidiary, which makes plastic containers and other products, to the Zeta Consumer Products Corporation for an undisclosed price. (Reuters)
Full Article