Replay Dienstag, 17. September 1991

Dow's News 'Ticker' to Be Silenced

Date: 17 September 1991

For most of its 95 years, the Dow Jones News Service -- best known as "the ticker" -- filled the newsrooms and trading floors where it delivered its daily stream of financial information with a loud, rhythmic clack-clack-clack of keys striking paper. The sound of the ticker has long since evolved into the blurred clatter of the high-speed printer, but even that soft drone will be silenced after Jan. 1 when Dow Jones replaces the few remaining ticker machines and completes the conversion to all-electronic delivery of the news service.

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Times Raising Price To 50¦ on Sept. 30

Date: 17 September 1991

The New York Times will raise the suggested newsstand price of its weekday issue to 50 cents, from 40 cents, within 75 miles of New York City and on all of Long Island starting Monday, Sept. 30. The increase was announced yesterday by Lance R. Primis, president of the newspaper, who said increased costs made it necessary.

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NEWS SUMMARY

Date: 18 September 1991

International A3-9 Israel and the U.S. didn't resolve the housing loan guarantee issue, and the Bush Administration signaled that it would refuse to provide the requested help unless Israel agreed to a freeze on future settlements in the occupied territories. Page A1

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NEWS SUMMARY

Date: 17 September 1991

International A3-11 The U.N. General Assembly opens its 46th annual session today with negotiators from major nations having agreed on a reform plan that would deprive the United States and other powers of the senior posts they have automatically claimed. Page A1 Secretary of State Baker held talks with Prime Minister Shamir, trying to persuade him to postpone Israel's request for $10 billion in housing loan guarantees until after a peace conference starts. But the two men failed to reach any understanding. A1 The release of more hostages from Lebanon, which seemed imminent a few days ago, is embroiled in negotiations over logistical details of a deal, Western diplomats say. A7 Hong Kong's election results sent a resoundlingly clear message to China and Britain: that voters want greater democracy as the British colony reverts to Chinese control in 1997. A1 The Subic Bay Naval Station lease was rejected by the Philippine Senate, leaving the future of the huge American base in the hands of the Philippine courts and the nation's voters. A8 U.S. eases stance of Subic Bay withdrawal A8 A military peacekeeping force sponsored by the European Community is being considered for deployment in Croatia with a view to bringing about a permanent cease-fire there. A3 Yugoslav jets attack Croatian capital A3 Reporter's notebook: Moscow is no longer filled with the fervid pitch of revolution. The excitement has given way to the humdrum problems of daily life and the uncertainty of the economic future. A10 The disjointed Soviet republics agreed on the need for a common approach to food distribution and foreign aid in order to best survive the winter. A10 Dissident is seized in Soviet Georgia A10 Mulroney acts to crush strike by government workers A6 Toronto Journal: A socialist at the barricades A4 National A12-19, B6 All charges against Oliver North were dropped by a Federal judge, bringing to an abrupt end the five-year prosecution of the former National Security Council aide that was the most celebrated legal battle of the Iran-contra affair. A1 Friends say North won't fade away A19 Robert Gates's hearings opened. Mr. Gates presented himself to the Senate Intelligence Committee as both contrite supplicant and seasoned adviser to the President, a man who deserves the job as the nation's intelligence chief. A1 Same scene and same nominee, but there is a difference A18 Gates seems to have little more to say on Iran-contra A18 Casey's voice heard through transcript A18 The Los Angeles County Sheriff and his department have come under attack for the shooting deaths of four civilians, including a mentally disturbed man, within one month. A12 The hearing on Clarence Thomas ended with the Supreme Court nominee offering comments on the death penalty and what he said was his belief that the Court should not overturn its own precedents without strong reasons. A14 Indiana court backs family in allowing daughter to die A15 Manuel Antonio Noriega's trial began with Federal prosecutors saying that they would prove that the deposed dictator gave his "permission, authorization and encouragement" to a scheme to transform Panama into a cocaine trafficking center. A12 Crucial wing piece found after fatal crash A15 F.D.A. questions safety data on breast implants B6 U.S. warns Northrop to fix missile or program may die A12 C-17's first flight smoother than debate B6 Regional B1-5 The Allstate Insurance Company, the largest insurer in New Jersey, said that it would seek regulatory approval to stop writing virtually all types of coverage in the state. The company blamed losses from its core auto-insurance operation. A1 Nynex reached a mid-contract pact with its unions in an effort to avoid another strike like one in 1989, the industry's longest and most bitter since the breakup of A.T.&T. D1 Governor Weicker made threats to lay off more than 8,000 government workers, beginning Thursday, unless union leaders help come up with money needed to balance the budget passed just three weeks ago. B1 Four people were killed and six were wounded when "bad blood" between two groups in a Queens cabaret exploded into a blazing gun battle that turned a joyous birthday party into a scene of carnage and terror, the police and witnesses said. B1 The girl who was chained by her parents to an iron pipe in their apartment for two months to keep her away from drugs said that she loved her parents and understood why they disciplined her. B1 Witness in bid-rigging case tells of threat to his wife B4 Dinkins rejects idea that order hits homeless B3 Funerals for the police officer and the firefighter who both recently died in the line of duty were held. Because the burials took place within a few hours of each other, each service seemed all the more wrenching. B3 Senator D'Amato was accused by Democrats of attacking Mayor Dinkins's handling of the disturbance in Crown Heights and other racial violence as an attempt to buoy the Senator's re-election drive. B1 Bid to unseal Crown Heights testimony founders B4 Inquiry on Jeffries to resume as CUNY appeals a ruling B4 New Jersey judge tells teachers to end strike or lose jobs B2 Policy fights cited in school official's resignation B3 Jewish congregation finds home with Methodists B5 Business Digest D1 Science Times The bluefin tuna, prized for sushi, in decline C1 Protein that wraps DNA is on-off switch for genes C1 Rethinking common wisdom on non-verbal cues C1 When cancer sends the immune system to the wrong battle C3 How to dispose of unwanted missiles C4 Women at risk of cancer face dilemma over estrogen C6 Arts/Entertainment Menotti wins Spoleto Festival dispute C11 "Billy Bathgate" films a new ending C11 Music: Exploring the piano C11 Classical Music in Review C14 Word and Image: An unhandy handyman C11 "Afghanistan," a first novel C16 Fashion Page B7 Scaasi greets fall cheerfully Sleek tailoring by John Anthony Obituaries D21 Robert Irving, ballet conductor Julie Bovasso, avant-garde theater figure Sports B8-13 Baseball star Otis Nixon, the National League's leading base stealer and a primary reason the Atlanta Braves are in first place in the National League West, was suspended for 60 days after he tested positive for the use of cocaine. A1 Baseball: Braves confident they'll pick up pieces B9 Bross can dunk, but can he pitch? B10 Who's that hitting .331? Willie Randolph B11 Columns: Araton on Isiah Thomas B9 TV Sports B11 Football: Are the Giants getting paranoid? B9 Editorials/Letters/Op-Ed Editorials A20 Mr. Bush is right on Israel Oliver North beats the rap Afghanistan, still bleeding The general gets "incomplete" Letters A20 A. M. Rosenthal: An autobiography A21 Russell Baker: After modern, what? A21 Walter Laqueur: Punish the collaborators A21 Tim Hermach: The great tree robbery A21

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Transarc Software

Date: 18 September 1991

The Transarc Corporation, a Pittsburgh software developer, yesterday introduced an on-line transaction-processing software program intended to let users of Unix-based computers develop the types of commercial programs used extensively by banks and airlines. The program, called Encina, is designed initially for systems made by I.B.M., Hewlett-Packard and Stratus Computers. It permits users to distribute commercial computing functions over a wide geographic area. Unix is a popular software operating system for various makes of computers.

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Charge by CPC

Date: 18 September 1991

CPC International Inc. said yesterday that it would reduce its 1991 earnings by $32 million, or 42 cents a share, as a result of charges for the cleanup of industrial waste sites that were contaminated by chemical operations the company subsequently sold. The company, based in Englewood Cliffs, N.J., said the charges were intended to cover the company's cost of actual cleanup and associated fees at sites in New Jersey, Rhode Island, Michigan and other states.

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COMPANY NEWS; Bank Says It Was Bought By Deception

Date: 18 September 1991

By Michael Lev

Michael Lev

The new management of the Independence Bank of Encino, Calif., has filed a lawsuit contending that it was secretly accquired by the Bank of Credit and Commerce International in 1985. The suit charges that B.C.C.I. used a Saudi businessman as a front man and channeled money through a Paris bank to conceal its involvement. The claim matches charges leveled against B.C.C.I. by Federal banking officials who accused the Saudi, Ghaith R. Pharaon, of being a front man in the United States for the worldwide banking institution, which was seized on July 5 amid accusations of fraud, deceit, money laundering and bribery. The action by the Federal Reserve in July seeks to bar Mr. Pharaon from American banking institutions.

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Silicon Graphics Library

Date: 18 September 1991

Silicon Graphics Inc., a leading maker of computer work stations, said today that it would make its IRIS Graphics Library available for general licensing. A set of software descriptions of geometric shapes, shadings and textures, the Graphics Library was used to create the cyborg in the movie "Terminator 2" and is commonly used to model aircraft, automobiles and new drug compounds in three-dimensional computer representations.

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Orion Debt Late

Date: 17 September 1991

The Orion Pictures Corporation said it would not pay about $13 million in interest on debt due today. The Hollywood studio, in severe financial difficulty, is trying to renegotiate the terms of its debt with bondholders. In the meantime, Orion has not paid interest on debt. The company said today's payment would not be made "in view of the subordination provisions in such notes restricting payment of interest."

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Cytogen Picks A President

Date: 17 September 1991

The Cytogen Corporation, a biotechnology company based in Princeton, N.J., named Thomas J. McKearn president yesterday. A co-founder of the company, Dr. McKearn has been executive vice president. Cytogen, with an emphasis on cancer, is developing products using technology to link diagnostic and therapeutic agents to monoclonal antibodies. Dr. McKearn, who is 42, succeeds George W. Ebright, who will continue as chairman and chief executive. Mr. Ebright joined Cytogen two and a half years ago from SmithKline Beckman, where he was president and chief operating officer.

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