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24th of July 1991 News
Nyheter slik de dukket opp på forsiden av New York Times på 24. juli 1991
CHRONICLE
Date: 25 July 1991
By Eric Pace
Eric Pace
The New York Post has hired WILLIAM NORWICH, a former society columnist for The Daily News, to succeed AILEEN MEHLE (SUZY, that is), as The Post's society columnist, PETER S. KALIKOW, the newspaper's publisher, said yesterday. Ms. Mehle, who is joining Fairchild Publications, publisher of Women's Wear Daily and W, will stop writing for The Post early in August. Mr. Norwich, 37 years old, said in a telephone interview yesterday that he is to begin with the Post on Sept. 4.
Full Article
Man Indicted In the Rape Of 3-Year-Old
Date: 24 July 1991
By James Barron
James Barron
A man accused of raping his 3-year-old niece in a Manhattan park has been indicted, even as the element that catapulted the crime to national attention -- a report that many people watched the attack without helping -- appeared to be melting. Leroy Saunders, 29, of 115 East 119th Street, was named in the indictment as the attacker. A tow-truck operator, credited with capturing the suspect, was widely quoted as saying that motorists caught in slow-moving traffic on the Franklin D. Roosevelt Drive near 115th Street saw the incident on July 12 but did not try to stop it.
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Essay; B.C.C.I.: Justice Delayed
Date: 25 July 1991
By William Safire
William Safire
The Underworld Bank scandal is oozing out all over. Conceived in Karachi, financed in Abu Dhabi, the conspiracy reached into the world's Western capitals and perhaps the U.N. under the protection of high-paid lobbyists and naive spooks. The B.C.C.I. scandal involves the laundering of drug money, the illicit financing of terrorism and of arms to Iraq, the easy purchase of respectability and the corruption of the world banking system.
Full Article
NEWS SUMMARY
Date: 24 July 1991
International A2-13 The Administration's China policy gained a victory as the Senate voted to attach conditions to the renewal of China's trade status, but not by a large enough margin to overcome a likely Presidential veto. Page A1
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NEWS SUMMARY
Date: 25 July 1991
International A3-17 The Soviet system of power sharing would be drastically decentralized under a treaty that President Gorbachev and the republics have agreed to in draft form. Page A1
Full Article
Tenneco Is Sued
Date: 25 July 1991
Tenneco Inc. said Abraham Kostick, who owns 100 Tenneco shares, filed a lawsuit against the company in Federal District Court in Houston, contending that Tenneco, based in Houston, gave misleading financial information. The suit accuses Tenneco's chairman, James L. Ketelsen, and other top executives of exaggerating revenues and inflating the company's stock price. Last week, another shareholeder filed a similar lawsuit.
Full Article
First Interstate
Date: 24 July 1991
Reuters
The First Interstate Bancorp's Texas unit is seeking to buy distressed financial institutions, said Linnet F. Deily, the president of the First Interstate Bank of Texas. The operation recently bought a failed savings and loan association in Houston. Mr. Deily refused to comment when asked if a possible acquisition target was the First City Bancorporation of Texas. First City has said it is seeking a cash infusion or a buyer. In June, First Interstate Bank of Texas bought the defunct Commonwealth Federal Savings Association, which added 33 branches and $1.1 billion in deposits to the Houston-based company.
Full Article
Trade Official Leaving
Date: 24 July 1991
Reuters
S. Linn Williams, the senior American trade official in the recent trade negotiations with Japan, will resign on Friday, the United States trade representative, Carla A. Hills, said today. Mr. Williams, 45 years old, a deputy trade representative, joined the office in 1989 from a law firm.
Full Article
Columbia Gas Debt
Date: 24 July 1991
By Bloomberg Business News
Bloomberg News
The Columbia Gas System Inc. said it had missed a payment on $10 million in short-term debt that matured today. Columbia, based in Wilmington, has now missed a total of $83.5 million in short-term debt payments since the company said last month that it might seek bankruptcy protection because of costly long-term gas-purchase contracts. Earlier this month, the utility said it had made arrangements to pay accrued interest on its interest-bearing notes and pay post-maturity interest on its short-term debt. Other discussions on financing are continuing, Columbia said.
Full Article
Brewer Dismisses Takeover Rumor
Date: 25 July 1991
Reuters
Heineken N.V., the Dutch brewer, said there was no evidence that Philip Morris, Anehuser-Busch and Procter & Gamble were interested in its shares, despite rumors that the companies were planning a takeover.
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