Gorbachev and Yeltsin To Appear on ABC
Date: 29 August 1991
ABC News announced yesterday that both Mikhail S. Gorbachev, the Soviet President, and Boris N. Yelstin, the Russian President, would appear on a special "town meeting" broadcast on the network. The broadcast is to be early Tuesday morning after the Monday Night Football game and the late local news. ABC expects the program to begin about 12:30 A.M.
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NEWS SUMMARY
Date: 30 August 1991
SOVIET TURMOIL A10-14 All activities of the Communist Party were suspended by the Soviet Parliament pending an investigation of its role in the coup. The action confirmed the old regime's demise even as the search quickened for new forms of association and order. Page A1 News analysis: The Soviet Union, born in 1917, was pronounced dead after a lingering illness. The cause of death was a congenital defect called Communism. But a process of reincarnation is under way. A1
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NEWS SUMMARY
Date: 29 August 1991
Soviet Turmoil A18-23 An urgent mission to the Ukraine was undertaken by delegates from the Russian republic and Soviet Parliament. They are searching for common ground with the nation's second most populous republic, which, like many other republics, is seized with secessionist fervor. Page A1
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Sports News Plan for Cable
Date: 29 August 1991
A new sports news service is being planned by the Liberty Media Corporation, a venture controlled by Tele-Communications Inc., the nation's largest cable-systems operator, and a partnership of NBC and the Cablevision Systems Corporation, a systems operator based in Woodbury, L.I. The companies are planning to offer a service with 18 hours of programming daily that would be available to the regional sports cable networks they control.
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BRIEFS
Date: 30 August 1991
* AON Corp., Chicago, an insurance holding company, said that its subsidiary, Combined Insurance Co. of America, would sell its 50 percent interest in Orient AON Life Insurance Co. to its joint-venture partner, Orient Corp. * Applied Solar Energy Corp., City of Industry, Calif., whose major stockholder is American Cyanamid Corp., will be acquired by Westar Capital, Costa Mesa, Calif., an investment firm, for about $6 a share.
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BRIEFS
Date: 29 August 1991
* American Telephone and Telegraph Co., New York, signed a two-year, $15.4 million contract renewal with Southland Corp., Dallas, to provide long-distance telephone services to public telephones at 7-Eleven stores. * Chase Manhattan Bank of Connecticut, Bridgeport, Conn., is considering moving the headquarters of its Citytrust Bank and Mechanics and Farmers Savings Bank units out of Bridgeport. * Corning Inc., Corning, N.Y., and its Corning Lab Services Inc. unit acquired Wadsworth/Alert Laboratories Inc., North Canton, Ohio, an environmental testing company. Terms were not disclosed. * Digital Equipment Corp., Maynard, Mass., received a contract of more than $3.5 million from Electrabel, a Belgian utility company. * Doskocil Cos., South Hutchinson, Kan., a meat processor, said most of its creditors and shareholders had approved its reorganization plan, enabling the company to proceed with a Sept. 4 confirmation hearing. * General Electric Co., Fairfield, Conn., received two contracts totaling more than $80 million to supply power generation to Masspower, a joint venture that is building a 240-megawatt cogeneration plant in Springfield, Mass. * Philips N.V., the Dutch electronics maker, and Matsushita Electric Industrial Co., Tokyo, are expected to receive European Community approval for a joint electronics venture, community officials said. * RF&P Corp., Richmond, a rail-freight and real estate company, said its shareholders could receive $39 a share in a tender offer scheduled to begin on Friday.
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Finnish Venture
Date: 29 August 1991
By Bloomberg Business News
Bloomberg News
The United Technologies Corporation said it had formed a venture in Finland that would use silicon sensor technology in high-volume industrial applications. The new company, Vaisala Technologies, will develop, make and market silicon capacitive microsensors primarily for car manufacturers and suppliers, United Technologies said. Partners in the venture are Vaisala Oy and the Finnish National Fund for Research and Development.
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Continental Bank
Date: 30 August 1991
By Bloomberg Business News
Bloomberg News
The Continental Bank Corporation of Chicago has ceased all foreign exchange activity in Singapore as part of a plan to close its office there by year's end, a company spokeswoman said.
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Woolworth's Lamston Talks
Date: 29 August 1991
The Woolworth Corporation said yesterday that its F. W. Woolworth unit was negotiating with the Plymouth Lamston Stores Corporation to acquire the leases and inventory of the Lamston general merchandise stores. Lamston's 26 stores are located in the New York metropolitan area. Terms were not disclosed, but the Lamston stores would be converted to Woolworth or Woolworth Express general merchandise stores if the sale is concluded, the company said.
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Goods Seized by Microsoft
Date: 30 August 1991
The Microsoft Corporation said today that it, in conjunction with United States marshals, had made a large seizure of counterfeit software. Six individuals and 10 businesses said to have participated in a Los Angeles-based counterfeiting scheme may have been distributing illegal software throughout the United States for more than a year, Microsoft said. The company has filed a civil suit against them in the Federal Court for the Central District of California.
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