Репродукција среда, 17. јануар 1996.

Citing Security, China Will Curb Foreign Financial News Agencies

Date: 17 January 1996

By Seth Faison

Seth Faison

Citing national security, China's Government announced on Tuesday night that it would further restrict the flow of information into the nation by more closely regulating international agencies that supply financial news to China. International wire agencies selling economic information in China -- namely Reuters and Dow Jones -- will now be "supervised" by the official New China News Agency for the content of their reports as well as the subscriptions they sell to Chinese customers.

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In Iowa, It's Organizing vs. Advertising

Date: 17 January 1996

By Elizabeth Kolbert

Elizabeth Kolbert

Presidential politics may have lost its romance, but the Iowa caucuses are still the stuff of legend. In other states, Presidential hopefuls rely on television advertising to bring supporters out. In Iowa, it is organization that counts the most.

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NEWS SUMMARY

Date: 18 January 1996

International A3-11

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NEWS SUMMARY

Date: 17 January 1996

INTERNATIONAL A3-8

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China Says Moves Won't Impede News

Date: 18 January 1996

By Kevin Murphy, International Herald Tribune

Kevin Murphy

A Chinese officialdenied Wednesday that an edict establishing tighter control of business news in China would affect the "real- time" information upon which financial markets and some news agencies depend...But with scant official clar

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COMPANY NEWS;WORTHINGTON TO ACQUIRE DIETRICH INDUSTRIES

Date: 17 January 1996

Reuters

Worthington Industries signed a definitive agreement yesterday to buy Dietrich Industries for $146 million. Worthington, a maker of metal and plastic products based in Columbus, Ohio, said that under the terms of the stock purchase agreement, it would assume $30 million of Dietrich's debt. Pittsburgh-based Dietrich manufactures metal framing for the commercial and residential construction markets and had 1995 revenues of $285 million, Worthington said. Worthington said that after the acquisition, it expects to have annual sales of about $1.8 billion. In Nasdaq trading, Worthington fell 50 cents, to $19.25.

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COMPANY NEWS;ITT ANNOUNCES HOTEL AND CASINO DEALS

Date: 17 January 1996

Dow Jones

Dow Jones

The ITT Corporation said yesterday that it had acquired the Sheraton Skyline Hotel at Heathrow Airport in London, which it had managed since 1971, and a resort in Cancun, Mexico. Terms of the acquisitions were not disclosed. The Sheraton Cancun Resort and Towers was bought from Grupo ICA of Mexico, the company said. ITT also said it had been selected by Athens Casino and Resorts S.A., a consortium of Greek businesses, to operate what would be the only private casino in Athens.

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COMPANY NEWS;SOUTHAM ANNOUNCES CHARGE AGAINST EARNINGS

Date: 17 January 1996

Dow Jones

Dow Jones

Southam Inc., based in Toronto, said yesterday that it would take a pretax charge against 1995 earnings of $120 million (Canadian), or $88.1 million (United States) as part of a three-year plan to cut 750 jobs and reorganize Canada's largest daily newspaper publishing company. Southam said the elimination of 750 of its 7,800 jobs would cost the company $80 million (Canadian). Southam said the rest of the charge, or $40 million, reflected the accounting for redundant assets at its Pacific Press, partly because of the move into new facilities. Southam earned $44 million on revenues of $1.2 billion in 1994.

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COMPANY NEWS;LOWER EARNINGS EXPECTED BECAUSE OF SLOW SALES

Date: 18 January 1996

Bloomberg Business News

Bloomberg News

The Minnesota Mining and Manufacturing Company said yesterday that it expected earnings for the fourth quarter to be lower than a year earlier, even before a charge related to the spinoff of some operations, because of weak sales in December. The company's shares fell $3.50, to $63.75, on the New York Stock Exchange. The businesses to be spun off, including the computer floppy-disk manufacturing operation, were among those with the weakest sales, the company, known as 3M, said. The continuing operations, which include Post-It Notes, Scotch adhesive tapes and Thinsulate insulating fabric, are expected to have been about as profitable as a year earlier.

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COMPANY NEWS;MULTICARE AGREES TO BUY CONCORD HEALTH GROUP

Date: 17 January 1996

Dow Jones

Dow Jones

The Multicare Companies agreed yesterday to acquire the Concord Health Group Inc. of Williamsport, Pa., for about $130.5 million, which includes the assumption of $46 million in debt. Both companies provide long-term health care. Multicare said it would make a tender offer to acquire Concord's shares for $7.35 each, or a total of $84.5 million. The company also said it would buy Concord's warrants for $1.85 each. Concord's shares rose $1.25, to $7.125, in Nasdaq trading yesterday. Concord owns 15 long-term care facilities with about 2,600 beds, all of which are in Pennsylvania. If the Concord deal and one other are completed, Multicare will own 100 long-term care facilities.

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