6th of September 1995 News
الأخبار كما ظهرت في الصفحة الأولى لصحيفة نيويورك تايمز في ٦ سبتمبر ١٩٩٥
Man in the News: Cal Ripkin Jr.; 2,131: A Child of Baseball, an Iron Man
Date: 07 September 1995
By Claire Smith
Claire Smith
For those who have watched Cal Ripken Jr. adeptly ply his trade, his incubation in the major league environment was obvious. Ripken was, in a sense, a child of baseball. Ripken's father, Cal Sr., managed and coached in the Baltimore Orioles organization for 29 years. For five and a half years of Ripken's 13-plus seasons, he played shortstop alongside his younger brother, Billy, a second baseman. In 1987, Cal Sr. managed both Cal Jr. and Billy, the only time in the majors a father has managed two sons simultaneously.
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THE PACKWOOD CASE: Man in the News; Kentucky Blend of Understatement and Ambition -- Addison Mitchell McConnell
Date: 07 September 1995
By Michael Wines
Michael Wines
Senator Addison Mitchell McConnell of Kentucky, a sober-sided legislator with a subterranean profile from a not-very-influential state, landed with a thump on the national political scene today. If it was not precisely the debut he might have preferred, he has only himself to blame: Mr. McConnell is that rarest of senators who actually wanted to serve on the Senate Select Committee on Ethics.
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After 7 Weeks, Detroit Newspaper Strike Takes a Violent Turn
Date: 06 September 1995
By James Bennet
James Bennet
With bargaining stalled, the seven-week standoff here between two newspapers and their striking unions has erupted into violence, as police battled pickets who were illegally blockading a printing plant late Saturday and again late Monday. In Monday night's melee, police officers in riot gear fired pepper spray at pickets who pelted them with auto parts and swatted them with their signs. The demonstrators, on strike against The Detroit News and The Detroit Free Press, dispersed about 2 A.M. today, permitting replacement workers to enter and leave the plant.
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INFORMATION RESOURCES CO-CHIEF EXECUTIVE RESIGNS
Date: 07 September 1995
By Bloomberg News
Bloomberg News
Information Resources Inc., which is struggling to keep up with A. C. Nielsen, its main rival, said yesterday that James G. Andress had resigned as co-chief executive and president. The resignation follows a management shift in April, when the other co-chief executive, Gian Fulgoni, relinquished the chairman's post. Thomas Wilson, a director, took over as chairman with a mandate to plot the company's future course. Information Resources, based in Chicago, tracks the buying habits of consumers. The company is trying to cut costs as it expands its overseas business to compete with Nielsen, a unit of the Dun & Bradstreet Corporation of Wilton, Conn. Mr. Andress said he would return to management in the health care or consumer packaged goods businesses.
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ROYAL BANK OF CANADA TO SELL SOME ASSETS
Date: 07 September 1995
By Bloomberg News
Bloomberg News
The Royal Bank of Canada said yesterday that it had agreed to sell underperforming loans and real estate originally valued at $374 million to Whitehall Street, a New York-based fund managed by Goldman, Sachs & Company. Paul Wilson, a Royal Bank spokesman, said the bank expected to report some gain in the fourth quarter from the sale. He said most of the real estate was in metropolitan Toronto. The bank, Canada's largest financial institution, acquired the properties after failures earlier in the decade of the real estate companies that owned them.
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OLYMPIA & YORK REORGANIZATION PLAN GETS SUPPORT
Date: 06 September 1995
By Bloomberg News
Bloomberg News
Olympia & York USA, the troubled real estate company, has proposed a reorganization similar to that offered by a group of creditors led by Carena Developments Ltd. Gordon Arnell, president of Carena, which is based in Toronto, said yesterday that under the Carena plan, the group would merge its various interests and claims into a new company and inject $125 million in cash. Olympia & York still faces opposition from a competing group led by its biggest creditor, the financier Leon Black, and New York property developer Jerry Speyer.
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DIVERSEY TO CUT 450 JOBS, MOST IN UNITED STATES
Date: 07 September 1995
By Bloomberg News
Bloomberg News
The Diversey Corporation, the cleaning and sanitizing unit of The Molson Companies, said yesterday that it would cut 450 jobs, most in the United States. Diversey said the cuts were expected to increase its annual profit by about $18 million but did not say how much it will cost to carry out the cuts. Of the 450 jobs Diversey will cut from its worldwide work force of 8,900, 400 will be cut from its United States work force of 2,500. The reductions will affect manufacturing, equipment production, general overhead, sales administration and distribution services, the company said.
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SHONEY'S BID VALUES TPI ENTERPRISES AT $160 MILLION
Date: 06 September 1995
By Bloomberg News
Bloomberg News
Shoney's Inc. said yesterday that it would acquire TPI Enterprises Inc., its largest franchisee, in a transaction valued about $160 million. Shoney's, based in Nashville, said it would exchange 0.28 share for each TPI share and would assume $95 million of TPI debt. Additionally, Shoney's would exchange a warrant for every 3.125 TPI shares. The five-year warrant would allow the holder to acquire Shoney's stock for $21.50 a share. Shoney's shares were up 50 cents yesterday, at $11.625, on the New York Stock Exchange. TPI shares closed at $4.625, down 12.5 cents. TPI, based in West Palm Beach, Fla., operates 188 Shoney's restaurants and 69 Captain D's Seafood restaurants.
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Japanese Stocks Lower
Date: 06 September 1995
By Bloomberg News
Bloomberg News
Stocks traded slightly lower here today. The Nikkei index of 225 issues closed down 173.66 points, or 0.98 percent, at 17,620.38. On Tuesday, the Nikkei rose 45.52 points.
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International Briefs; Fokker's Business Plan
Date: 07 September 1995
By Bloomberg News
Bloomberg News
The aircraft maker Fokker N.V. gave the Dutch Government a business plan that assumes that the financially troubled company remains a start-to-finish builder of regional aircraft. Fokker declined to release the full text of the plan but confined itself to summing up the main themes, including its market position, financial plan and the importance of the aircraft industry in the Netherlands. The plan should serve as a basis for talks on a financial aid package with Fokker's major shareholders, Daimler-Benz Aerospace A.G. and the Dutch Government.
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