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Date: 13 June 1992
By Bloomberg News
Bloomberg News
A Federal appeals court in Washington yesterday overturned a $31 million judgment against the LTV Steel Company. The suit involved emissions control costs at an Alabama steel mill that LTV sold to Gulf States Steel Inc. to settle a Federal antitrust case.
Date: 13 June 1992
By Bloomberg News
Bloomberg News
The Dayton Hudson Corporation said today that Joseph Vesce, president of its Mervyn's division, would take on the added job of chief executive, succeeding Walter Rossi, who resigned. Mr. Vesce, 43 years old, joined Mervyn's in 1975 from R. H. Macy & Company. He became president of the division in 1988.
Date: 13 June 1992
By Bloomberg News
Bloomberg News
Ross Cosmetics Distribution Centers, which sells inexpensive imitations of designer-label perfumes, said today that the Securities and Exchange Commission was investigating its ownership and accounting practices. Shares of the company plunged nearly 66 percent in response to the news. It was the biggest percentage loser in over-the-counter trading today, and the loss cut the market value of Ross Cosmetics by more than $70 million. The company's shares lost $9.50, to $5, with 2.8 million shares traded -- the fourth-most-active Nasdaq stock.
Date: 13 June 1992
By Bloomberg News
Bloomberg News
The Emerson Radio Corporation said yesterday that a New Jersey Superior Court judge would not allow three suppliers who purchased 6.6 million common shares from the company to vote the shares at its annual meeting July 7. Emerson said the judge had ruled that the $18.4 million stock sale itself was legal, a ruling the consumer-electronics company needed to meet a condition of its previously announced debt restructuring. The company sought voting status for the shares because it is engaged in a proxy battle with Fidenas Investments Ltd., which owns 20.2 percent of Emerson. Executives at Emerson and Fidenas were unavailable to comment. Emerson said the court had ruled that the suppliers could not vote the shares because the money received from the sale was being held in escrow until the debt restructuring was completed. The company said it would appeal that decision.
Date: 13 June 1992
By Bloomberg News
Bloomberg News
United Airlines said yesterday that it had made two separate bids to buy assets of Trans World Airlines Inc. in Chicago and Los Angeles. In its first offer, United said it would pay T.W.A. a note with a present value of $259 million for 40 T.W.A. landing and takeoff slots at O'Hare International Airport in Chicago, three O'Hare gates, and a maintenance hanger at Los Angeles International Airport.
Date: 14 June 1992
To the Sports Editor: Regarding "Tagliabue Waffles on Lisa Olson File," by Timothy S. Smith (The Times, May 31):
Date: 13 June 1992
International 2-6 BUSH DEFENDS U.S. STANCE AT RIO Saying that America's environment-al record was "second to none," President Bush defended his opposition to many of the biggest initiatives at the Earth Summit in Brazil.1 FRAGILE HOPE FOR CLIMATE TREATY Although critics in Rio de Janeiro continued to chide the Bush Administration for weakening a treaty aimed at controlling gas emissions, many experts see the accord as a potentially forceful instrument. 1 Ministers agreed on a set of principles to preserve forests. 4 AMAZON'S INHABITANTS REBEL A teen-ager killed by a jacare -- the Amazon cousin to an alligator -- has been transformed by politicians into a martyr sacrificed to the interests of meddling environmentalists. 4 COUNTEROFFENSIVE IN SARAJEVO Armed mostly with automatic rifles and pistols, defenders in jeans and down vests struggled to retake the heights of Sarajevo and silence the guns that are reducing much of the city to rubble. 3 Montenegro becomes restive in its role as Serbia's last ally. 3 PANAMANIANS SEEK CULPRITS A day after a melee that caused President Bush to flee from a plaza, calm returned to Panama City. Many accused the police of having caused the fiasco by using excessive force to disperse protesters. 5 COMPROMISE IN ULSTER Leaders of Northern Ireland's main Protestant and Catholic political parties agreed to a process that may lead to joint talks with the Irish Republic on the future of the British province. 6 GAP NARROWS IN ARMS TALKS Russia and the United States said they had narrowed their differences over an accord to radically reduce nuclear arms. But they said more negotiations would be needed at the summit meeting between President Bush and President Yeltsin. 6 MOSCOW ADMITS IT HELD G.I.'S President Yeltsin of Russia told a United States Senate committee in a letter that the Soviet Union detained American servicemen during World War II, when the two countries were allies, and afterward. He also said Soviet officials had lied about the fate of missing Americans. 6 TESTIMONY SOUGHT ON AID TO IRAQ The House Judiciary Committee asked President Bush to instruct top officials to testify on the Administration's policy of helping Saddam Hussein before the gulf war. 5 Mejorada del Campo: A rugged monument to religious faith. 2 National 7-12 QUAYLE LAMBASTES PEROT Vice President Quayle labeled Ross Perot a "temperamental tycoon who has contempt for the Constitution of the United States," an attack that foreshadowed a Republican strategy of depicting Mr. Perot as too risky a choice for President. 1 DEMOCRATS DESIGN A PLATFORM A small group of Democrats began trying to draft a party platform so general that all elements of the party would accept it and yet specific enough to distinguish Democratic principles from those of Republicans and Ross Perot. 8 ABORTION FOES TALK OF VICTORY Abortion foes met at the National Right to Life Convention in Virginia, confident that President Bush would be re-elected this fall because of their support. 9 Clinton discussed policy with a national television audience. 8 DEMOCRATS VOW TO TAME DEFICIT A day after rejecting a balanced-budget amendment, House Democrats said they would soon begin work on a plan that would cut the deficit by raising taxes and cutting spending. 7 OFFICIAL'S DOUBTS ABOUT 'IVAN' A Federal prosecutor said he doubted for years whether John Demjanjuk, the retired Cleveland auto worker who was sent to Israel to face charges as the savage operator of the gas chambers at the Nazis' Treblinka death camp, was indeed Ivan the Terrible. 1 Reviewing the case of another convicted Nazi war criminal. 12 ENVIRONMENTAL LAWSUIT SPURNED The Supreme Court dismissed an environmental group's challenge to the Interior Department's interpretation of the Endangered Species Act, ruling that the group was not sufficiently injured by the policy to be entitled to file a lawsuit. 12 WHITE F.B.I. AGENTS COMPLAIN A predominantly white group of F.B.I. agents filed papers seeking to intervene in the bureau's tentative settlement of a discrimination complaint by black agents. 7 EXPLAINING WHY THE SUN SHINES New evidence about to be published by two international teams of scientists may help solve part of a longstanding intellectual puzzle about why the sun shines.1 ASSAILING HUTS FOR THE HOMELESS Since last fall, Stan Washington and a handful of other homeless people have lived in plywood huts built by a volunteer group. This week Chicago officials started taking the huts away, saying they were unsafe. 7 Religion Notes: On married priests and short tenures. 10 Metropolitan Digest, 25 CITY HALL VS. SCHOOL BOARD Mayor Dinkins lashed out at the Board of Education one day after school officials blamed city budget cuts for disappointing results in reading and math scores. He said the board's governance of the school system was "ineffectual." 1 6 OFFICERS SUSPENDED Six Newark police officers under investigation in the shooting of a 17-year-old suspected car thief were suspended from duty without pay, and the city's Mayor and police director complained that the officers' statements were too sketchy. 1 Business Digest 35 Sports 29-33 Baseball: Pirates defeat Mets, 3-2. 29 Indians blank Yankees, 3-0. 31 Basketball: Bulls take lead in N.B.A. finals. 29 Column: Rhoden on Olympic boxing trials. 29 Hockey: It's official, Ziegler is out as N.H.L. president. 31 Olympics: Zmeskal is star, but not top gymnast. 33 Arts/Entertainment 15-18, 46 Nine nominators dismissed from Tony panel. 15 From the corps to Baryshnikov's arms. 15 Film: The wrong woman to mess with. 16 Music: Rossini's "Guillaume Tell" in San Francisco. 15 Dance: Ballet Theater's "Don Quixote." 18 Consumer's World 48 Using bonds to prepare for future needs. Water purifiers for the wilderness. Obituaries 13 Gustave Schirmer Jr., a producer, director, and agent. Meyer H. Robinson; Manischewitz co-founder. Editorials/Op-Ed 22-23 Editorials 22 1-800-TROUBLE. Czecho-Slovakia's hyphen. Letters 22 Russell Baker: These precious few. 23 Anthony Burgess: Beds of nails. 23 Michael I. Sovern: Short of cash, long on perspective. 23
Date: 14 June 1992
By Catherine S. Manegold
Catherine Manegold
Another night, another nightmare. The teen-age killer gives way to the subway slasher. The mob slaying segues into a spot on kids with guns. The face of a weeping mother dissolves into a close-up of a blood-stained shirt. House fires become "raging infernos." Traffic snarls. Kids fall out of windows. Babies die in random shootings. Manhunts are commonplace.
Date: 14 June 1992
Every day from 4 P.M. to midnight, New York's worst nightmares are beamed to millions of viewers. From a teen-ager charged with trying to murder the wife of her lover to subway slashers to youths shot while using a squirt gun, television news is often sustained by a daily menu of crime and grief.