Good News for President in the Latest Poll
Date: 23 January 1996
By Richard L. Berke
Richard Berke
In his State of the Union Message tonight, President Clinton will address a public that is suddenly expressing new concerns about the Federal deficit but still gives Mr. Clinton higher marks than the Republican Congress for trying to break the budget impasse, according to the latest New York Times/CBS News Poll. The survey of public sentiment at the opening of the Presidential campaign shows that the months of turmoil on Capitol Hill over balancing the budget have propelled the deficit to the forefront of the public's agenda. After years of ranking the economy or crime as the most important issue facing the nation, people now put the deficit first.
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BOOKS OF THE TIMES;Press Coverage as Performance Art
Date: 22 January 1996
By Christopher Lehmann-Haupt
Christopher Lehmann-Haupt
BREAKING THE NEWS How the Media Undermine American Democracy By James Fallows
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WORLD NEWS BRIEFS;Britons Turn In Thousands of Knives
Date: 23 January 1996
AP
Stung by the stabbing death of a school headmaster, Britons surrendered more than 37,000 knives in a monthlong campaign to make the country safer. Police forces around the country and the Daily Mirror newspaper organized the project after the death of Philip Lawrence, 48, headmaster of St. George's Roman Catholic School in London.
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COMPANY NEWS;JOHNSON & JOHNSON WILL COMPLETE PURCHASE OF CORDIS
Date: 23 January 1996
AP
Johnson & Johnson said yesterday that it would complete its $1.8 billion purchase of the Cordis Corporation, a medical device maker, ending weeks of uncertainty about whether the deal would go through. Cordis shares soared $7.8125, or almost 8 percent, to $107.5625, in Nasdaq trading. Johnson & Johnson, the world's largest health-care-products company, spurred worries last month about its $109-a-share acquisition, saying it needed an extra month to go over Cordis's books. Johnson & Johnson refused to say what it was looking for and Cordis shares plunged 11 percent in one day. Although Johnson & Johnson still would not say what it found, the two companies said that Cordis's shareholders would meet on Feb. 23 to give final approval to the deal.
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WORLD NEWS BRIEFS;Suspect Held in Killing In '74 of Chilean General
Date: 23 January 1996
AP
More than 21 years after a car bomb killed a former Chilean army commander and his wife outside the Buenos Aires home where they lived in exile, the authorities have arrested a suspect. President Carlos Menem called a news conference today to announce that police had detained a Chilean believed to have been working for the secret police of the former dictator Gen. Augusto Pinochet.
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COMPANY NEWS;ASARCO WILL TAKE CHARGE AND CEASE SOME OPERATIONS
Date: 23 January 1996
Bloomberg Business News
Bloomberg News
Asarco Inc., one of the world's largest copper producers, said yesterday that it would take a $79.5 million after-tax fourth-quarter charge and cease its lead refining operations in Omaha. As a result, Asarco said it expected a fourth-quarter loss. Asarco announced the charge and the decision to end the lead refining operations after the stock market closed.
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COMPANY NEWS;BORDEN TO SELL WORLDWIDE PLASTIC PACKAGING UNIT
Date: 23 January 1996
Bloomberg Business News
Bloomberg News
Borden Inc. said yesterday that it would sell its worldwide plastic packaging unit to focus on its main businesses. Borden, based in Columbus, Ohio, makes dairy items, pasta, snacks and other food products. It said the packaging unit had annual sales of $625 million. The unit has 27 plants in 12 countries with 3,500 employees. Borden, which is owned by Kohlberg Kravis Roberts & Company, has hired Morgan Stanley to help with the sale. Borden will use proceeds from the sale primarily for investment in other business areas, C. Robert Kidder, the company's chief executive, said. Borden employs about 30,000 people at nearly 200 plants.
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COMPANY NEWS;GOODYEAR EXPECTS TO REPORT HIGHER EARNINGS AND SALES
Date: 23 January 1996
Dow Jones
Dow Jones
The Goodyear Tire and Rubber Company said yesterday that it expected fourth-quarter earnings to rise about 8 percent on higher sales. Goodyear's stock was up $2.625 at $46.125. The company said it expected profits of $143 million to $148 million, or 94 cents to 97 cents a share. A year ago the company earned $136.5 million, or 90 cents a share. Goodyear said it also expected to report record sales for the quarter, exceeding the $3.2 billion posted a year earlier. Goodyear said the results would be released on Feb. 5.
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