إعادة الثلاثاء، ٩ يناير ١٩٩٦

AT BREAKFAST WITH: Godfrey (Budge) Sperling Jr.;Politicians and the Press, Once Over

Date: 10 January 1996

By Francis X. Clines

Francis Clines

PASS the jampacked evasions and refried platitudes. It's time for another Sperling Breakfast, the symbiotic feast of question and answer shared for decades here by politicians on the make and political reporters on the make-and-break. "Of course it's self-serving," said the breakfast host, Godfrey (Budge) Sperling Jr., a genteel Beltway legend impervious to suggestions that any one of the 2,800 breakfast interviews recorded thus far with politicians is as likely to find the attending columnists, bureau chiefs and reporters being had for breakfast on the half shell by the visiting politician as vice versa.

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New York City Newsstand Proposal Won't Fly

Date: 10 January 1996

To the Editor: Deputy Mayor Fran Reiter (letter, Jan. 5) writes that New York City, under its proposed Coordinated Street Furniture Franchise, will receive more than $30,000 a year in rent from an average newsstand.

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NEWS SUMMARY

Date: 09 January 1996

International 3-5

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NEWS SUMMARY

Date: 10 January 1996

International A2-9

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COMPANY NEWS;CHANTAL PHARMACEUTICAL STOCK FALLS ON NEWS REPORT

Date: 09 January 1996

Reuters

The stock of the Chantal Pharmaceutical Corporation fell more than 62 percent yesterday after Barron's, the financial weekly, published a report that questioned Chantal's dealings with a Los Angeles distributor and the claims of Chantal's lead cosmetic product, Ethocyn anti-wrinkle cream. Chantal shares plunged $11.8125, to $7.3125, in Nasdaq trading of nearly 7.7 million shares. The Barron's article raised issues about Chantal's option to acquire Stanson Marketing, the chief distributor of Ethocyn. It also discussed lawsuits against Stanson's president, Frederick Reinstein, and challenged claims that Ethocyn could reduce skin wrinkling. Officials of Chantal were not immediately available to comment on the Barron's report.

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THE MEDIA BUSINESS;Producer Is Named President of CBS News

Date: 09 January 1996

By Lawrie Mifflin

Lawrie Mifflin

Andrew Heyward, a longtime producer of news programs at CBS, was named president yesterday of CBS News, where his mission will be to revive a journalistic operation that has languished in recent years. Mr. Heyward, who has been the executive producer of the "CBS Evening News" since October 1994, and before that produced two CBS news magazines, will replace Eric W. Ober, who was recently forced out after five years on the job.

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Court Backs a City on News-Box Removal

Date: 10 January 1996

By The New York Times

An architectural commission has the right under state law to ban newspaper vending machines from the historic Beacon Hill neighborhood, the state's highest court has ruled. A Federal appeals court must now decide whether the rule banning "street furniture," which includes the street-corner vending machines known as "news racks," violates the First Amendment rights of newspaper publishing companies.

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COMPANY NEWS;SUPERCUTS STOCK FALLS ON CREDIT PROBLEMS

Date: 09 January 1996

Dow Jones

Dow Jones

Supercuts Inc. said yesterday that it may be out of compliance with a covenant of its bank credit facility, which would constitute default of the company's bank credit line. After the news, the company's stock plummeted $2.25, or 29 percent, to $5.625, in Nasdaq trading. Supercuts, a chain of hair-cutting salons, said it had been advised by its lending banks that money issued under the credit line will require waivers, and the banks have already waived an advance of $1 million. Supercuts, which is based in San Francisco, said it might not comply with the covenant concerning minimum earnings before interest, taxes, depreciation and amortization for last year.

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COMPANY NEWS;AMERICAN FINANCIAL TO SELL UNIT TO MANAGEMENT

Date: 09 January 1996

Dow Jones

Dow Jones

The American Financial Corporation agreed yesterday to sell its Buckeye Management Company unit for $63 million. American Financial reached the agreement with an investment group that consists of members of current management and employees of the company. American Financial, a property and casualty insurance concern based in Cincinnati, did not disclose further information about the buying group. The company announced in November that it was trying to sell Buckeye, which owns a 2 percent general partnership interest in, and is the managing general partner of, Buckeye Partners L.P., a petroleum pipeline operator.

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COMPANY NEWS;EARNINGS RESULT IN A SPECIAL DIVIDEND AT ALCOA

Date: 10 January 1996

Bloomberg Business News

Bloomberg News

The Aluminum Company of America said yesterday that it would pay shareholders a special cash dividend of 43 cents a share because 1995 earnings exceeded $3 a share. The company, the world's largest aluminum maker, pays a special dividend of 30 percent of the amount exceeding annual per-share earnings of $3, said Al Posti, a company spokesman. On Monday, Pittsburgh-based Alcoa posted net income for the year of $790.5 million, or $4.43 a share, the company's best results since 1989. The bonus dividend is in addition to Alcoa's regular quarterly dividend of 22.5 cents a share.

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