إعادة الاثنين، ٣١ يوليو ١٩٩٥

I.A.A.F. President Under Fire

Date: 01 August 1995

PRIMO NEBIOLO, the longstanding president of track and field's ruling body, has touched off a furor in Sweden when he responded to a reporter's questions by asking about her sexual habits. BRITT-MARIE MATTSSON, a Swedish Television reporter, asked Nebiolo about his autocratic style and other sensitive issues during an interview Sunday in his Goteborg hotel. Nebiolo replied by asking Mattson what she would think if he asked her how many men she had slept with. Nebiolo, 75, then broke off the interview and had the journalist removed from his suite.

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Scorekeeping in the Live-TV Wars

Date: 01 August 1995

By Walter Goodman

Walter Goodman

Federal law enforcers and high officials have been taking fire from so many directions and on so many channels lately that you need to be a nimble surfer to keep up. Herewith, for assistance, a review of who has been doing what to whom. Last week, witnesses encouraged by Republican Representatives investigating the raid on the Branch Davidians in Waco, Tex., peppered the F.B.I. Democratic Senators compelled to investigate the suicide of Vincent W. Foster Jr. sent a uniformed Secret Service agent into befuddlement after Republicans harrassed the Park Police. And in Los Angeles a lawyer for O. J. Simpson -- as who is not? -- assaulted an F.B.I. toxicologist.

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PURCHASE BY COCA-COLA GAINS FEDERAL APPROVAL

Date: 01 August 1995

By Bloomberg News

Bloomberg News

The Coca-Cola Company said yesterday that it had won approval from the Federal Trade Commission for its purchase of Barq's Inc., the maker of the nation's No. 2 brand of root beer. The deal is expected to close this week. The deal had drawn criticism from other makers of soft drinks. Coca-Cola said in March that it would buy Barq's, which is based in New Orleans, for an undisclosed sum that was estimated by analysts to be as much as $85 million.

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F.T.C. APPROVES SETTLEMENT ALLOWING LILLY DEAL

Date: 01 August 1995

By Bloomberg News

Bloomberg News

The Federal Trade Commission gave final approval yesterday to a settlement allowing the $4 billion purchase of PCS Health Systems Inc. by Eli Lilly & Company from the McKesson Corporation. But the F.T.C. warned that it would closely monitor combinations between big drug makers and companies that manage prescription-drug distribution. The commission said it could move to break up multibillion-dollar mergers if manufacturers used prescription services to gain unfair advantages.

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H & R BLOCK PICKS AMERITECH EXECUTIVE AS CHIEF

Date: 01 August 1995

By Bloomberg News

Bloomberg News

H & R Block Inc. said yesterday that it had named Richard Brown, the vice chairman of the Ameritech Corporation, to be its president and chief executive to succeed Thomas Bloch, effective on Saturday. Mr. Brown oversaw nine of Ameritech's 12 business units and the company's telephone businesses in Illinois, Indiana, Michigan, Ohio and Wisconsin, Block said. Mr. Bloch, 41, the son of the company co-founder Henry Bloch, is leaving to pursue a teaching career. Mr. Brown will be the first person outside the family to lead the tax preparation company, which is based in Kansas City and is the parent of Compuserve Inc., the computer on-line service.

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MOORE PURSUES TAKEOVER BID AS WALLACE SHARES RISE

Date: 01 August 1995

By Bloomberg News

Bloomberg News

The Moore Corporation pressed ahead yesterday in its effort to acquire rival Wallace Computer Services Inc. as Wallace's shares surged above the bid price, raising speculation that a sweeter offer might be made. Both companies are suppliers of business forms. Shares of Wallace, which is based in Hillside, Ill., rose $14.375, to $58.375, on the New York Stock Exchange. That was more than $2 above the hostile offer of $56 a share, or $1.29 billion, that Moore, which is based in Toronto, made on Sunday. Moore's shares fell 87.5 cents, to $22, also on the Big Board. Also, Moore filed suit against Wallace in United States District Court in Wilmington, Del., asking the court to declare invalid Wallace's "poison pill" defense.

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Coke Strike in Ontario

Date: 31 July 1995

By Bloomberg News

Bloomberg News

The Coca-Cola Company's 400 Ontario employees went on strike after failing to reach a labor agreement, a union spokeswoman said. Dawn Cartwright, spokeswoman for the Canadian Auto Workers union, which represents employees at Coca-Cola's 49-percent owned Canadian unit, said the talks broke down over issues related to job security, pensions and wages. A spokeswoman for Coca-Cola Beverages Ltd., which makes Coca-Cola, Canada Dry, Schweppes and A & W soft drinks, said the company had no immediate comment.

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Delta Air Plans Shift in Preferred Stock

Date: 31 July 1995

By Bloomberg News

Bloomberg News

Delta Air Lines Inc. says it plans convert as much as $1 billion in preferred shares to common if market conditions allow, a move that could save the company as much as $20 million a quarter. Delta will convert 20 million of its series C preferred stock if its common stock trades at more than $82.125 for 20 of 30 trading days, the airline said. On Friday, Delta stock fell $2, to $78.50. It last closed above $82.125 on Aug. 30, 1989.

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International Business; Damages Awarded to Investors in Lloyd's

Date: 01 August 1995

By Bloomberg News

Bloomberg News

Individual investors in a Lloyd's of London syndicate have been awarded an initial payment of $:14 million, or $22.3 million, for damages "suffered through the negligence" of an agent for the insurer. The Syndicate 334 Names Association said today that the overall cost of the damages it contends were caused by the managing agent, Pulbrock Underwriting Management Ltd., was "likely to exceed $:80 million."

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British Utility Agrees to Hanson's Cash Bid

Date: 01 August 1995

By Bloomberg News

Bloomberg News

Hanson P.L.C., taking its biggest step into the energy business, said today that it had agreed to buy Eastern Group P.L.C., a British regional electricity utility, for $:2.5 billion, or $4 billion, in cash. Eastern is the fourth of Britain's cash-rich regional electricity utilities to be the focus of a takeover bid. Three of those bids have been made in the last three weeks. Hanson's offer, however, is the first friendly bid, and it pushed up the share prices of other electricity distributors on the London Stock Exchange today.

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