Securities Priced By News Corp.
Date: 20 October 1992
By Bloomberg News
Bloomberg News
The News Corporation, the global broadcasting and publishing company headed by Rupert Murcoch, has announced the pricing for its public offering of senior debt securities, reduced to $850 million, from $1 billion, because of recent volatility in the United States debt markets. The company said the coupon rate on $550 million of senior notes due on Oct. 15, 1999, would be 9.12 percent and the rate on $300 million of senior debentures due on Oct. 15, 2012, would be 10.12 percent.
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INSIDE
Date: 21 October 1992
Doubts About the G.E.D. Holders of general equivalency degrees seem no better off than high school dropouts. Education, page B10. U.S. Studies M.I.A. Photos The Pentagon hopes photos provided by Vietnam will help clear up the fate of some men, officials said. Page A7. Greens Founder Was Slain The German authorities said that Petra Kelly, founder of the Green Party, was slain by her companion. Page A3.
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INSIDE
Date: 20 October 1992
Mandela Admits Abuses The African National Congress admitted that it tortured dissidents during its years in exile. Page A7. Britain Softens on Mine Cuts Under pressure, Prime Minister John Major sharply reduced the number of coal mines to be closed. Page A9. 19 (Yep, 19) Candidates Jersey City voters have 19 choices for their next mayor. Some residents say that's too many. Page B10. Creatures at Play Scientists are learning to appreciate how important play is to animal development. Science Times, page C1.
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THE 1992 CAMPAIGN: The Independent; Perot Scores in 3d Debate, Then Opens Fire on the Press
Date: 21 October 1992
By Kevin Sack
Kevin Sack
After a debate in which he exposed the vulnerabilities of his two opponents, Ross Perot leveled a vitriolic attack on the press Monday night, making it clear why he prefers to campaign through the unfiltered medium of television advertising. Mr. Perot's aides said today that they still did not know when and where he might campaign in person. But the independent candidate for President continued to buy large and expensive chunks of television time, and it seems clear that the appeal of his campaign will be measured more by Nielsen ratings than by crowd estimates. At a news conference after Monday night's debate in East Lansing, Mich., Mr. Perot revived his war of words with reporters by criticizing them for not conveying the enthusiasm of the crowds at his post-debate rallies. He also accused them of bias for not making a larger issue out of his complaint that some of President Bush's campaign aides have served as lobbyists for foreign countries. During the extended assault Mr. Perot asserted that reporters "have less respect in this country than Congress," that they "hate the fact that I'm in the race" and that he had "never met a more thin-skinned crowd in my life." He singled out Time magazine, which he called "a joke," and a reporter for The New York Times -- "I have to be real careful when you ask a question" -- for individual criticism. Anything for a Headline "I think you'll do anything for a 'gotcha' story," Mr. Perot said, referring to the news media in general. "That just means anything that'll get you a headline, get you a bonus. You get among your peers and you high five and say: 'O.K., now I'm a big man. I got a story on the front page.' " The news media were not Mr. Perot's only target. He also publicly rebuked Orson G. Swindle 3d, the director of United We Stand, America, Mr. Perot's political organization. Mr. Swindle erred, Mr. Perot said at the news conference, by saying in an interview last weekend that a vote for Gov. Bill Clinton, the Democratic Presidential nominee, would be "a disaster," and that Mr. Bush would be a preferred second choice to Mr. Perot. Saying it was "a serious mistake" for Mr. Swindle to suggest any preference for a second choice, Mr. Perot added that he had talked to him about the comments and that they would not be repeated. "That was just Orson expressing a personal opinion," Mr. Perot said. "It does not reflect the feelings of our organization." The timing of Mr. Perot's attack on the news media was unusual because it came at a juncture when he has generally been receiving positive notices for his performances in the Presidential debates and his paid television presentations. In Monday night's debate the Texas multibillionaire skillfully turned a question about his abandonment of General Motors to his advantage, using it to issue a poignant warning about the urgency of eliminating the budget deficit. Largely unchallenged by either Mr. Bush or Mr. Clinton, he also gave new emphasis to questions about the Bush Administration's dealings with Iraq, and reinforced the Republican contention that Mr. Clinton's experience as Governor of Arkansas would have little relevance in Washington. While Mr. Perot had no public appearances today, his associates said they were thrilled about post-debate poll results showing significant improvement in his approval ratings and incremental progress in his potential share of the vote. "Ross Perot won in these debates the right to kibbitz, the right to be a permanent voice in America," said John Jay Hooker, a Nashville political activist and Perot supporter who said he spoke to the candidate this morning. "My opinion is that Ross Perot will be a candidate for President of the United States in 1996." Mr. Perot's son, Ross Perot Jr., said the campaign's mission in the next two weeks would be to convince voters that a vote for his father would not be wasted. "Voting for Perot is a vote for his principles," he said. More Programs Planned Mr. Perot is scheduled to broadcast his next 30-minute program on Thursday night, followed by presentations on both Friday and Saturday nights. The 90 minutes will cost him $812,000. Mr. Perot, whose net worth has been estimated in various press reports at from $2.4 billion to $3.3 billion, said in Monday night's debate that he would spend up to $60 million of his own money on his campaign. By the end of the weekend Mr. Perot will have spent about $18 million on television advertising since rejoining the race on Oct. 1, according to figures supplied today by the four networks. Through the end of August Mr. Perot's campaign spent another $17.5 million, most of it his own money, according to Federal financial disclosure reports.
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THE 1992 CAMPAIGN: Political Memo; Which Debate System Worked Best? It's a Debate
Date: 21 October 1992
By Richard L. Berke
Richard Berke
Now that the nation has survived an assault by campaign debate, certain truths about debate tactics can be passed along to the next generation: *Presidential campaigns don't know what's good for them. Before the debates, President Bush's aides wanted a panel of journalists to pose questions; now they say that approach was the least helpful to their man. Gov. Bill Clinton's side wanted a single moderator to ask the questions but ended up preferring another format, too.
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A Conrans Habitat Suitor
Date: 21 October 1992
By Bloomberg News
Bloomberg News
Marvin S. Traub, the former chairman and chief executive of Bloomingdale's department store, is leading an investment group that is considering buying Conrans Habitat, the home-furnishings chain, from Storehouse P.L.C. "I said I was exploring it," Mr. Traub said yesterday. "It's not a done deal. We've looked at it for a number of weeks."
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FEDERATED APPROVES RESTRICTED-SHARE TRADING
Date: 20 October 1992
By Bloomberg News
Bloomberg News
Federated Department Stores Inc. said yesterday that its board had agreed to allow creditors holding the company's restricted stock to trade 11 million shares on Nov. 17. The stock constitutes nearly 20 percent of the 56 million restricted shares held by some of the company's former creditors. In return for the board's decision, the group of shareholders agreed to delay a request for a secondary stock offering -- a right the creditors held as part of the reorganization that allowed Federated to emerge from bankruptcy on Feb. 5.
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CHRYSLER IS SAID TO CONSIDER SELLING LAMBORGHINI
Date: 20 October 1992
By Bloomberg News
Bloomberg News
The Chrysler Corporation is considering offers for the Italian auto maker Lamborghini S.p.A., which it bought in 1987 for about $25 million, according to Ward's Automotive Reports. This week's issue of the newsletter reports that the company's chairman, Lee A. Iacocca, said Chrysler was weighing offers from two Italian syndicates and an American manufacturer.
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U.S. APPROVES ALASKA AIRLINES' FLIGHTS TO VLADIVOSTOK
Date: 20 October 1992
By Bloomberg News
Bloomberg News
The Transportation Department has approved Alaska Airlines' plans to provide twice-weekly round-trip flights between Anchorage and Vladivostok, Russia, the carrier said yesterday. Alaska Airlines intends to begin service by the early spring.
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COMPAQ CUTS PRICES OF NOTEBOOK PC'S BY UP TO 32.2%
Date: 20 October 1992
By Bloomberg News
Bloomberg News
The Compaq Computer Corporation announced yesterday that it had cut prices of its notebook computers by as much as 32.2 percent. The price reductions are the first for the company's color portables. The company also lowered the suggested list prices on some of its desktop computers by as much as 11 percent.
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