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Date: 29 November 1992
By William Glaberson
William Glaberson
WHAT, to paraphrase the question, did reporters suspect and when did they suspect it? Two news stories -- one in Washington, the other in New York -- raised that question last week. Together, they cast a spotlight on the difficult choices that people in the news business make about when to "go with" reports and why some news stories take years to see the light of day.
Date: 28 November 1992
By Zachary Margulis
Zachary Margulis
In Mexico, bullets speak louder than words. On the evening of Nov. 13, President Carlos Salinas de Gortari promised an audience at the Foreign Press Club here that Mexico would "guarantee liberty of expression and respect for journalists." Three hours later, an unidentified gunman shot and killed Ignacio Mendoza Castillo, a magazine publisher who had led a protest outside the press club during the President's speech, in front of his house on the outskirts of Mexico City. He was the 26th journalist killed or "disappeared" under the Salinas administration. Two days earlier, Mr. Mendoza led dozens of journalists from largely rural southern and eastern states on a seven-day march to the capital. When they arrived here, they filed a complaint with the National Commission for Human Rights detailing 16 reports of beatings, illegal detentions and threats against Mr. Mendoza and other journalists. Many of the accusations pointed to police and government officials. So far, the commission has taken no action on the complaint.
Date: 29 November 1992
By Steven Lee Myers
Steven Myers
The New York City Police Commissioner, Raymond W. Kelly, acknowledged yesterday that police officials had inappropriately leaked information to the press indicating that a police officer shot to death in Queens earlier this month had had sex shortly before her death with the man accused of killing her. The Commissioner's remarks, at a memorial service for the officer, Milagros T. Johnson, came after a number of police fraternal organizations had accused the department of maligning the officer's character, treating her case insensitively because she was a woman and she was black.
Date: 28 November 1992
By Bloomberg News
Bloomberg News
The Dabah family, the largest shareholder in Gitano Group Inc., filed petitions on Wednesday under Chapter 11 of the bankruptcy code. This provides protection from creditors while companies or individuals try to reorganize their businesses and resume normal operations. The bankruptcy petition filed for the DG Acquisition Corporation listed assets of $43.2 million and liabilities of $82.8 million. Citibank N.A. was the lone creditor named in the corporate filing and has an unsecured claim of $19.3 million in bank loans.
Date: 28 November 1992
By Bloomberg News
Bloomberg News
Daimler-Benz A.G.'s Deutsche Aerospace arm, or Dasa, is seeking cooperation with the United Technologies Corporation's Pratt & Whitney unit, after it dropped plans for a jet engine joint venture with BMW Rolls-Royce G.m.b.H., Jurgen Schrempp, Dasa chief executive, said today. "Talks between us and BMW Rolls-Royce didn't get anywhere, because BMW Rolls refused to be a junior partner in such a venture," Mr. Schrempp said. "Under no circumstances" would Dasa have allowed BMW Rolls-Royce to gain control of the Dasa unit MTU Motoren-und Turbinen-Union Friedrichshafen G.m.b.H., he said.
Date: 28 November 1992
By Bloomberg News
Bloomberg News
The XTRA Corporation said yesterday that it would redeem all 2.5 million shares outstanding of its series B cumulative convertible preferred stock. The redemption price on the shares of $1.9375 stock will be $25.9688 a share plus accrued dividends from Dec. 1 to Dec. 29 of $0.1507 a share, for a total redemption price of $26.1195 a share.
Date: 28 November 1992
By Bloomberg News
Bloomberg News
In a year that has brought Japan's car makers plenty of gloom, the Toyota Motor Corporation has something to celebrate: Sales of its second-best-selling car are so good that it is rushing to start up a new factory. Toyota Motor Kyushu Inc., which is a 100 percent Toyota-owned subsidiary, has pushed forward the start-up date of its 150 billion yen ($1.2 billion) manufacturing plant in southern Japan, Toyota officials said.
Date: 28 November 1992
By Bloomberg News
Bloomberg News
The Ford Motor Company said yesterday that it planned to idle assembly lines at two truck plants next week "to balance inventories," which means sales were slow, and plans to idle a third plant for retooling. Ford said it would halt production of its F-250 and F-350 pickup trucks for two weeks, starting Monday, at its Norfolk, Va., plant, and would stop making full-size vans next week at its Lorain, Ohio, plant. The auto maker also plans to idle a third factory next week, its Dearborn, Mich., car plant where it makes Mustangs, for retooling to accommodate design and production changes.
Date: 28 November 1992
By Bloomberg News
Bloomberg News
The Comptronix Corporation's shares recovered a bit today from a 72 percent drop on Wednesday, closing up $2.25 at $8.375. Nearly 6.6 million shares were traded, making it the most active issue in over-the-counter trading. The stock had plunged $15.875 on Wednesday after the board of the Guntersville-based electronics company said it had formed a committee to investigate allegations that top officials had overstated profits and intentionally misreported financial results since 1989.
Date: 28 November 1992
By Bloomberg News
Bloomberg News
A unit of Paine Webber Group Inc. agreed to pay $150,000 to settle Commodity Futures Trading Commission charges that it failed to keep proper records of a former employee's orders. The agency maintained that the securities concern had violated laws by failing to make an immediate written record of orders made by Lovell Braxton Northern 3d between December 1987 and May 1989, and failed to supervise him diligently.