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26th of February 1992 News
Nyheter som framträdde på New York Times framsida den 26 februari 1992
Abroad at Home; The Hunt For Red October
Date: 27 February 1992
By Anthony Lewis
Anthony Lewis
It was last October when the country heard the charge that Clarence Thomas had sexually harassed Anita Hill. The Senate confirmed Justice Thomas, and he is sitting on the Supreme Court. But the issue is still being pursued, in a way destructive of our political system. This week a Senate special counsel questioned Nina Totenberg of National Public Radio, who first broadcast a report of Professor Hill's charge. Two weeks ago the counsel, Peter E. Fleming, questioned the print reporter who broke the story, Timothy Phelps of Newsday.
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THE 1992 CAMPAIGN: Republicans; We Won, Really, Unopposed Bush Camp Says
Date: 27 February 1992
By Michael Wines
Michael Wines
President Bush, his White House aides and his re-election strategists are all agreed: the President's showing in Tuesday's South Dakota primary, in which he captured 69 percent of the vote on a ballot that included no opposition, was a triumph. "It was a good victory," Mr. Bush told reporters as he arrived here for a seven-nation summit meeting about drugs. "Sixty-nine percent. Good victory."
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Primaries Are No Test of Character
Date: 26 February 1992
By Walter F. Mondale
Walter Mondale
Despite the strong voter turnout in New Hampshire, many people remain deeply dissatisfied with how we select our Presidential nominees. Leading up to this year's campaign, we heard plenty of promises from the media about greater attention to the substance of candidates' ideas. Soon enough, though, personal issues took over. Already, Bill Clinton and his wife have had to justify their marriage, and he has been forced to defend a thoughtful letter written as a college student coming to terms with the draft and the Vietnam War. Paul Tsongas has stripped to a swimsuit to prove his health. And Bob Kerrey has had to explain repeatedly why his family business cannot afford to buy private health insurance for its workers.
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Phillips Petroleum
Date: 26 February 1992
By Bloomberg News
Bloomberg News
The Phillips Petroleum Company split its refining business into four divisions. The move was part of a restructuring plan intended to save about $150 million a year and called for about 1,100 jobs to be cut.
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Geico Stock Split
Date: 27 February 1992
By Bloomberg News
Bloomberg News
The Geico Corporation's board proposed a stock split that would increase the number of common shares. The split is subject to approval by Geico stockholders, who will vote on the proposal at the annual meeting on May 20. Geico, an insurer based in Washington, also increased its quarterly cash dividend to 75 cents a share from 57 cents, on a pre-split basis.
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British Airways In Sabena Suit
Date: 27 February 1992
By Bloomberg News
Bloomberg News
British Airways P.L.C. said it had filed a lawsuit against Sabena S.A., the Belgian airline, related to a payment of 1 billion Belgian francs, or about $29 million, to British Airways after the companies canceled a joint venture agreement in 1990.
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Chrysler Shifts Responsibilities
Date: 26 February 1992
By Bloomberg News
Bloomberg News
The Chrysler Corporation announced a realignment of its senior-management reporting structure today that divides the responsibilities of Robert S. Miller Jr., who said on Monday that he would resign as vice chairman.
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Loss at Mr. Coffee
Date: 26 February 1992
By Bloomberg News
Bloomberg News
Mr. Coffee Inc. said today that it had a net loss of $1.72 million in the fourthquarter of last year in contrast to net income of $2.92 million, or 35 cents a share, in the comparable 1990 quarter. The company said that its operating loss for the quarter was $1.25 million and that it took a charge of $472,000 for the early repayment of debt, resulting in the net loss of $1.72 million. Sales at the company, which makes coffee makers, replacement decanters and filters, fell to $51.4 million from $52.3 million. Profits were hurt by a shift in sales toward lower-margin coffee makers, lower volume and prices on tea makers, and higher advertising expenses, the company said.
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Implant Maker Loses Chief
Date: 26 February 1992
By Bloomberg News
Bloomberg News
Bioplasty Inc., which makes silicone gel implants and other plastic surgery products, said today that Arthur A. Beisang had resigned as chairman and chief executive to focus on Uroplasty Inc., which is being spun off to Bioplasty shareholders. Bioplasty named Daniel G. Holman chairman. Timothy P. Lawin, the president, will assume the added post of chief executive, the company said.
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TJX Closing Clothing Stores
Date: 27 February 1992
By Bloomberg News
Bloomberg News
The TJX Companies, which operates four retail store chains, said today that it would close 75 of its 576 Hit or Miss stores and posted a fourth-quarter loss after setting aside $50 million to cover potential future costs. The retailer also said it would privately place an issue of convertible preferred stock with several institutional investors. Proceeds will be used to reduce $50 million worth of 8.125 percent notes that mature in May 1993.
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