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Man in the News: John Joseph Sweeney;New Fire for Labor

Date: 26 October 1995

By Steven Greenhouse

Steven Greenhouse

John J. Sweeney, the new president of the A.F.L.-C.I.O., was not playing by Marquis of Queensbury rules when he told the Los Angeles Board of Supervisors in July that if it pushed through a plan to cut 18,000 workers from its payroll, his union would conduct "a massive campaign of resistance and retribution." Mr. Sweeney, who has spent 15 years as president of the Service Employees International Union, warned the Los Angeles officials that instead of forcing labor to accept their plan, they had better show workers some respect and sit down with union leaders to discuss less-painful ways to make budget cuts.

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For Many Visiting Journalists, a Different Perspective on New York

Date: 25 October 1995

By William Glaberson

William Glaberson

Sure, the Clinton-Jiang meeting was of some interest to the reporters from all over the world who converged on New York to cover the anniversary of the United Nations, as was Yasir Arafat's snub by Mayor Rudolph W. Giuliani and Fidel Castro's visit to Harlem. But these events were not their focus. Yavuz Yorulmaz, for instance, a journalist from Turkey, was much more keenly interested in the New York meeting between President Suleyman Demirel of Turkey and President Nursultan Nazarbayev of Kazakhstan.

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AMERICANS REJECT BIG MEDICARE CUTS, A NEW POLL FINDS

Date: 26 October 1995

By Adam Clymer

Adam Clymer

As Congress takes up the budget, the American public fears plans of the Republicans to curb Medicare spending, scoffs at their tax cut and flatly does not believe that the plan would produce a balanced budget by 2002, the latest New York Times/ CBS News Poll shows. By a nearly 3-to-1 margin, the public rejects the tax cuts that Senate Democrats spent the day denouncing. And by a 2-to-1 ratio, the public disapproves of the Republicans' Medicare plan, while conceding that it does not know much about it.

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New Jersey Daily Briefing; Photographer to Seek New Venue

Date: 25 October 1995

By Joe Sharkey

Joe Sharkey

A former City Council President who was arrested Friday while taking photographs at City Hall for a weekly newspaper said yesterday that he would seek a change of venue when his case comes to trial.

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4 Win Prizes for Coverage of the Americas

Date: 26 October 1995

Four journalists have won the 1995 Maria Moors Cabot Prizes from Columbia University for promoting press freedom and inter-American understanding. The journalists, two from the United States, one from Jamaica and one from Guatemala, will each receive $1,000 and a gold medal tonight at Columbia University.

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On Campus; Journalism Dropped

Date: 25 October 1995

By William Honan

William Honan

The University of Michigan, which has offered courses in journalism since 1890, announced earlier this month that it would stop enrolling students in its master's degree program in journalism beginning next fall. Certainly the University of Michigan is not alone in its decision to reconsider its journalism program. The University of Washington in Seattle, Ohio State University at Columbus and the University of Arizona at Tucson have also undergone similar reviews. Rather than abolish their programs, however, those schools appear to be in the process of choosing to continue teaching journalism but in a department, which also includes other popular disciplines like information technology and computer science.

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Essay;Let the Loser Lose

Date: 26 October 1995

By William Safire

William Safire

In a tie and suit, Fidel Castro, describing himself as a politician, flattered the media biggies gathered for lunch in Mort Zuckerman's Fifth Avenue apartment with: "You are the cream of the crop." A dollop of sour cream came from this corner: If you claim to be a politician, why have you been unwilling for 36 years to face an opponent in a democratic election?

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WESTINGHOUSE PLANNING TO ELIMINATE 225 JOBS

Date: 25 October 1995

By Bloomberg News

Bloomberg News

The Westinghouse Electric Corporation said yesterday that it would cut 110 jobs at its headquarters in Pittsburgh and eliminate 115 jobs at its science and technology research center in Churchill, Pa. The cuts will eliminate 16 percent of the 670 jobs at the company's headquarters before the end of the year under a reorganization plan based on a three-month study by Arthur Andersen Consulting. In addition, about 170 employees in Pittsburgh will be transferred to other offices, leaving a staff of 390 people, a spokesman said. The cuts at the science and research center will affect about 13 percent of the center's 890 employees.

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SMITH CORONA TO BE SOLD TO EMPIRE CAPITAL GROUP

Date: 25 October 1995

By Bloomberg News

Bloomberg News

The Smith Corona Corporation, the nation's last typewriter manufacturer, agreed yesterday to be sold to a group led by the Empire Capital Corporation for about $38.4 million. In connection with the agreement, Smith Corona filed a reorganization plan and a disclosure statement in Federal Bankruptcy Court in Wilmington, Del. Under Federal bankruptcy law, the offer by Empire Capital is subject to higher bids. Smith Corona, based in New Canaan, Conn., filed for Chapter 11 protection on July 5. Empire Capital, based in Southport, Conn., specializes in acquisitions and corporate turnarounds.

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GUCCI SHARES GAIN 22 PERCENT IN FIRST DAY OF TRADING

Date: 25 October 1995

By Bloomberg News

Bloomberg News

The Italian luxury goods maker Gucci Group sold 24.5 million shares in a $539 million initial stock offering yesterday. In New York Stock Exchange trading, shares of Gucci, priced at $22, gained 22 percent to close at $26.75. About 11 million shares changed hands. Most of the money raised in the offering will be used to repay debt owed to the company's parent, Investcorp International. Gucci operates 63 stores worldwide that account for 70 percent of its sales. Its products, which include leather handbags and shoes, are also sold in 75 franchise stores, 74 duty-free boutiques and 60 department stores.

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