Executives Back Dole Despite Clinton Record
Date: 18 October 1996
By Judith H. Dobrzynski
Judith Dobrzynski
New York Times/CBS News Poll shows if any class of Americans has reason to be content on eve of Presidential election, it is probably nation's top executives; nearly 9 of 10 say condition of the economy 'is good,' up from nearly half who said so four years ago; solid majority believes that inflation has been tamed, and many of the companies that the executives run have bullish plans to invest and hire new employees in the coming year; nearly half of the executives believe next recession will not be before 1999, and another 27 percent do not see downturn coming until 1998; at time when polls show Pres Clinton ahead by double digits, 65 percent of executives surveyed say they preferred Bob Dole; twenty-five percent say they will vote for Clinton--just about same level of support he got in 1992; 26 percent of top managers rank cutting Federal budget deficit as nation's chief economic problem, versus 9 percent who say high taxes tops the list; 41 percent of executives say Dole's centerpiece plan to cut Federal income taxes by 15 percent is wrong for country; fifty-two percent favor the plan, but figure falls to 19 percent if tax cut would increase deficit; 71 percent of executives still say Dole would do better job reducing deficit, versus 18 percent for Clinton; 63 percent say Dole's economic program would result in more growth, versus 26 percent who favor Clinton's plan; executives appear to see no reason to vote for Clinton, despite economy's strength; only 39 percent of executives approve the way Clinton has handled his job as President, while 54 percent disapprove; among general public, 58 percent approve and 32 percent disapprove; tables; charts; graphs; photos (L)
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2D-QUARTER LOSS IS EXPECTED AT BORLAND INTERNATIONAL
Date: 17 October 1996
By Bloomberg News
Bloomberg News
Borland International Inc expects second-quarter loss of 32 to 36 cents a share and will dismiss 125 employees, or 15 percent of its work force; Borland expects to save $15 million to $17 million from job cuts (S)
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UNIT THAT LAYS CABLE UNDER OCEANS TO BE SOLD BY AT&T
Date: 17 October 1996
By Bloomberg News
Bloomberg News
AT&T Corp is putting up for sale its AT&T Submarine Systems Inc unit; AT&T does not say how much it hopes to get for the unit (S)
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LIBERTY MUTUAL BUYING BRAZILIAN INSURER
Date: 18 October 1996
By Bloomberg News
Bloomberg News
Liberty Mutual Insurance Co agrees to buy Paulista de Seguros for $105 million, giving US company a foothold in Brazil's expanding insurance market; controlling shareholders of Paulista de Seguros have agreed to sell their 68 percent stake; Liberty Mutual will offer to buy shares of about 300 minority stockholders (S)
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U.S. ROBOTICS SHOWS A NEW, FASTER MODEM
Date: 17 October 1996
By Bloomberg News
Bloomberg News
US Robotics Inc displays new modem that can transmit information faster than existing devices, speeding up customers' connections to on-line services and the Internet; new modem can send data at 56,000 bits a second, leapfrogging current models that transmit at speeds up to 33,000 bits a second; new modem is expected to be available in January; Lucent Technologies Inc introduces a chip that offers same speed and expects to ship the chip in first quarter of 1997; Rockwell International Corp also displays its own 56,000 bit-per-second chip (S)
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COCA-COLA EXTENDS ITS BUYBACK OF STOCK
Date: 18 October 1996
By Bloomberg News
Bloomberg News
Coca-Cola Co says it will repurchase as much as 10 percent of its shares in next 10 years; new plan authorizes buying back 206 million shares through 2006 (S)
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HOME HEALTH CARE COMPANY BOUGHT FOR $154.1 MILLION
Date: 18 October 1996
By Bloomberg News
Bloomberg News
Integrated Health Services Inc purchases First American Health Care of Georgia Inc for $154.1 million; under the accord, First American agrees to pay $255 million to settle charges that it defrauded Medicare; First American and two of its officers were convicted of Medicare fraud in Federal court in Savannah, Ga (S)
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G.M. WINS ROUND IN SUIT AGAINST VOLKSWAGEN
Date: 17 October 1996
By Bloomberg News
Bloomberg News
US District Court Judge Nancy Edmonds rules that General Motors Corp's espionage case against Volkswagen AG will proceed in US District Court; Edmonds denies motion by Volkswagen to have case dismissed; General Motors is accusing Volkswagen of espionage, contending that GM's former purchasing chief Jose Ignacio Lopez de Arriortua stole corporate secrets and took them to Volkswagen when he switched companies in 1993 (S)
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KCS ENERGY BUYING OIL AND GAS COMPANY FOR $175 MILLION
Date: 18 October 1996
By Bloomberg News
Bloomberg News
KCS Energy Inc signs letter of intent to buy Intercoast Oil and Gas Co from MidAmerican Energy Co for $174 million in cash; KCS will also pay MidAmerican a $40 million note and 610,000 warrants on KCS common stock (S)
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STOCK PLUNGES ON CONCERN ABOUT NEW COMPETITION
Date: 17 October 1996
By Bloomberg News
Bloomberg News
Shares of Sun Microsystems Inc fall almost 10 percent on worry that new work station computers from rivals using Intel chips and Microsoft software will cut into Sun's sales and earnings; Sun, which holds 45 percent of work station market, bases its computers on its own technology (S)
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