Simpson will grant Interview, CNN says
Date: 07 December 1995
By The New York Times
Cable News Network announced yesterday that O. J. Simpson had agreed to grant an interview to one of the network's legal analysts for his trial, Greta Van Susteren. But no details, including a date, have been worked out, Ms. Van Susteren said in a report carried by CNN. She would not comment further. CNN executives referred all questions to a transcript of Ms. Van Susteren's televised remarks.
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Lord Matthews, 76: Delivery Boy to Press Baron
Date: 07 December 1995
By Wolfgang Saxon
Wolfgang Saxon
Lord Matthews of Southgate, a British newspaper baron better known as Victor Collin Matthews, the rags-to-riches former proprietor of the Express Newspapers in London, died on his 76th birthday on Tuesday. News reports, quoting family and friends, said he died of cancer at his farm near Saint Brelade on the Channel Island of Jersey. As Mr. Matthews, and starting as a newspaper delivery boy, he made himself into a press baron and the man at the helm of Trafalgar House. He helped build it into an immense conglomerate that owned the Cunard Line and the Ritz Hotel in London, among other holdings. But it took former Prime Minister Margaret Thatcher to make him a real baron 15 years ago.
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COMPANY NEWS
Date: 07 December 1995
MICRODYNE CORP., Alexandria, Va., which makes data communications and network connection products, canceled plans to sell 3.5 million common shares because it believed the stock was undervalued.
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COMPANY NEWS;CHRYSLER RAISES DIVIDEND 20 PERCENT
Date: 08 December 1995
Bloomberg Business News
Bloomberg News
The Chrysler Corporation raised its quarterly dividend 20 percent yesterday to 60 cents a share as the company continued to bow to Kirk Kerkorian's criticism that it is not giving enough back to shareholders. Mr. Kerkorian, Chrysler's second-largest stockholder, has been badgering the auto maker for more than a year to raise its dividend and buy back more stock. Mr. Kerkorian initiated an unsuccessful takeover bid for Chrysler in April. The dividend declared yesterday is payable on Jan. 12 to shareholders of record on Dec. 15. Last December, Chrysler increased its dividend to 40 cents and announced a $1 billion stock buyback. The dividend was raised again in March to 50 cents, and the stock buy back was doubled to $2 billion in September. The dividend increase was dismissed as "another small step in the right direction" by Anna Cordasco, a spokeswoman for Mr. Kerkorian's investment arm, the Tracinda Corporation.
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COMPANY NEWS;PUBLIC SERVICE ENTERPRISE TO SELL A UNIT
Date: 07 December 1995
Reuters
Public Service Enterprise Group Inc. said yesterday that it would sell its Energy Development Corporation, one of the largest independent oil and gas exploration and production companies in the United States. The Newark-based electric and gas utility said it expected to sell the unit, which is unregulated, in 1996. The company has hired Morgan Stanley & Company to study alternatives. Energy Development, based in Houston, has 230 employees in 13 states, offshore in the Gulf of Mexico, and onshore and offshore in Britain, Argentina, Senegal, Tunisia and China. About 67 percent of its proven reserves are natural gas. Shares of Public Service Enterprise rose 75 cents yesterday, to $30, on the New York Stock Exchange.
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World News Briefs;Papandreou Worsens And Has Tracheotomy
Date: 07 December 1995
AP
Prime Minister Andreas Papandreou's health worsened today and doctors performed a tracheotomy after efforts to remove him from life support machinery were unsuccessful.
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COMPANY NEWS;ELECTRONIC ARTS WILL SELL ITS STAKE IN 3DO
Date: 08 December 1995
Bloomberg Business News
Bloomberg News
3DO Company said its largest shareholder, Electronic Arts Inc., will gradually sell its 18 percent stake as 3DO evolves into a competitor in the market for computer games. The decision by Electronic Arts comes a week after Time Warner Inc. sold its 12 percent stake in 3DO to institutional investors. Trip Hawkins, who founded 3DO and serves as its chairman, also founded Electronic Arts and served as its chairman until June of 1994.
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COMPANY NEWS;JAPAN SUFFERS EIGHTH BANK FAILURE OF YEAR
Date: 08 December 1995
Bloomberg Business News
Bloomberg News
Tokai Bank Ltd., Japan's seventh-largest commercial bank, will take over an indebted Osaka-based savings institution in the eighth Japanese banking failure in a year. Tokai will absorb the more than 300 billion yen worth of deposits from the Osaka Credit Cooperative as well as recoverable loans, according to officials of Osaka Prefecture and the Ministry of Finance. Since last December, eight Japanese financial institutions have failed under the weight of bad loans left from speculative real estate lending in the 1980's.
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