Den 28 juli 1992 var en tisdag under stjärntecknet ♌. Det var 209 e dagen i året. Förenta staternas president var George Bush.
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Date: 29 July 1992
Cable News Network said last night that it had criticized its business news anchor, Lou Dobbs, for making promotional videos for Wall Street firms and accepting fees for his efforts. Mr. Dobbs's outside activities were disclosed last week by The Wall Street Journal, which said he was paid $5,000 to $10,000 each for the promotions for such companies as Shearson Lehman Brothers, Paine Webber Group, and the Philadelphia Stock Exchange.
Date: 28 July 1992
By Seth Faison
Seth Faison
At the eye of the diplomatic hurricane that enveloped Iraq and the United Nations over the last week and then faded almost as suddenly as it appeared, stood Rolf Ekeus, a mild-mannered career diplomat from Sweden. Mr. Ekeus is executive chairman of the United Nations special commission responsible for disposing of Iraq's weapons of mass destruction, and has represented the United Nations in the dispute that began when Iraq blocked inspectors from entering a ministry on July 5.
Date: 29 July 1992
By Alex S. Jones
Alex Jones
With losses mounting at The Daily News, its search for a new owner is apparently reaching a conclusion, and the decision as to who gets the bankrupt paper could come quickly. Yesterday, Conrad M. Black, owner of The Daily Telegraph in London, appeared before the unions in person for the first time, apparently to underscore his seriousness as a prospective buyer, though union leaders said he did not offer any breakthrough proposals.
Date: 29 July 1992
Death Penalty in New Jersey New Jersey moved closer to its first execution under a 10-year-old death-penalty law. The state's high court approved a death sentence. Page B1. Consumers Down, Stocks Up The Conference Board's index of consumer confidence plunged in July, but investors reacted to the gloom with something close to glee. Page D1. Rapper to Drop Song Ice-T said that the song "Cop Killer," which has provoked protests and threats, would be deleted from his "Body Count" album. Page C15.
Date: 29 July 1992
After two days of publishing in the face of stiff resistance from striking deliverers and flagging public support, the Pittsburgh Press Company today indefinitely suspended its effort to print and distribute the city's two newspapers. "The bottom line is we don't want to further endanger the public," said Jimmy E. Manis, vice president and general manager of the company. "The whole thing just got out of hand. There was violence in the city streets, there was violence all over western Pennsylvania."
Date: 28 July 1992
By Michael Decourcy Hinds
Michael Hinds
The 70-day-old strike that has shut down this city's two daily newspapers has eroded people's patience. But as several thousand copies of the papers reappeared today, support seemed to build for the union strikers in this city, where unionism is almost a religious denomination. In a show of solidarity today, striking drivers linked arms and blocked trucks trying to deliver the first editions of The Pittsburgh Post-Gazette and The Pittsburgh Press published since May.
Date: 29 July 1992
By Bloomberg News
Bloomberg News
Revco D.S. Inc., the drugstore chain that emerged from bankruptcy last month, said today that its board had named Sam Zell and Talton Embry, two of its biggest investors, to be co-chairmen. The announcement by Revco follows its decision last week to name D. Dwayne Hoven president and chief operating officer. Mr. Hoven was executive vice president of marketing and stores for Revco's 1,143 outlets. Mr. Hoven may become Revco's chief executive, depending on his performance, David Schultie, Mr. Zell's partner, said.
Date: 29 July 1992
By Bloomberg News
Bloomberg News
The Westamerica Bancorporation said yesterday that it had agreed to pay about $57 million for Napa Valley Bancorp. Terms call for Westamerica to pay 0.7619 share for each Napa Valley share. In American Stock Exchange trading, Westamerica shares fell $1, to $20.625. The terms thus value Napa's shares at $15.71, compared with Napa Valley's closing price of $13.50, up $2.625, also on the Amex. Napa Valley had rejected two previous proposals from Westamerica.
Date: 28 July 1992
By Bloomberg News
Bloomberg News
Mohawk Industries said that it had agreed to acquire a competing carpet maker, Horizon Industries, for about $86.5 million in cash and stock. Together, Mohawk and Horizon would be the nation's third-largest manufacturer of residential and commercial carpeting. Mohawk's offer caught analysts and shareholders by surprise. Horizon's stock surged $4.875, to $13.75, in over-the-counter trading yesterday. The stock, however, is still below the estimated $15 a share that Horizon shareholders are to receive from Mohawk Industries in cash and stock. The merger, which is expected to be completed in October or November, still needs approval from Horizon's shareholders
Date: 28 July 1992
By Bloomberg News
Bloomberg News
The Mobil Oil Corporation reached a tentative agreement with the Government not to make unsubstantiated claims that its Hefty degradable trash bags decompose swiftly and are therefore environmentally safe. Mobil settled the charges with the Federal Trade Commission by agreeing not to make the claims in the future without providing scientific evidence to back them up, the F.T.C. said. The settlement is not an admission of guilt on the part of Mobil, the agency said. The F.T.C. will vote on approving the settlement after a 60-day comment period.