PUBLIC LIVES
Date: 05 June 1998
By Randy Kennedy With Phoebe Hoban and Alex Kuczynski
Randy With
July issue of Premiere magazine contains article by Harvey Weinstein, co-chairman of Miramax, who rails against use of anonymous quoted sources and voices other gripes against reporters and editors; photo; David Foster Wallace, author of book Infinite Jest, says he has no desire to write screenplay; photo; Passion in the Desert is first feature-length film to be directed by Lavinia Currier (M)
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Reports of U.S. Plan Hint at New Israeli-Palestinian Talks
Date: 05 June 1998
By Serge Schmemann
Serge Schmemann
Israeli newspapers publish details of what they say is US plan that would finally restore negotiations between Israel and Palestinians; neither US nor Israeli officials will confirm authenticity of reported plan, but they say agreement could be reached in days (M)
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The Tried and True in California Triumph Over the Rich and New
Date: 04 June 1998
By Todd S. Purdum
Todd Purdum
Californians choose established politicians as gubernatorial candidates: Lt Gov Gray Davis, Democrat, and State Atty Gen Dan Lungren, Republican; voters decisively pass Proposition 227, ballot measure to curtail three decades of bilingual education; State Treasurer Matthew Fong wins Republican Senate nomination, staving off self-financed $10 million challenge from Darrell Issa; voters reject Proposition 226, which would have required unions to obtain written consent from members before using their dues for political purposes; overwhelming message of primary is one of relative satisfaction in state that has rebounded from economic and natural disasters, with two-thirds of voters saying California is generally moving in right direction, according to surveys of voters leaving polls by Los Angeles Times and CNN; Davis photo (M)
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TWO TO SELL STAKES IN TRAVELERS PROPERTY CASUALTY
Date: 05 June 1998
By Bloomberg News
Bloomberg News
Travelers Property Casualty Corp says unit of Aetna Inc and divisions of J P Morgan & Co will sell their remaining stakes in insurer--8.9 million shares worth about $371 million--after stock underperformed market in last year (S)
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WATSCO TO BUY AIR-CONDITIONING PRODUCTS DISTRIBUTOR
Date: 04 June 1998
By Bloomberg News
Bloomberg News
Watsco Inc to acquire Kaufman Supply for undisclosed price (S)
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PROCTER & GAMBLE TO CLOSE A PLANT IN NORTH CAROLINA
Date: 04 June 1998
By Bloomberg News
Bloomberg News
Procter & Gamble Co to close plant in Greenville, NC, that produces adult diapers and sanitary napkins, affecting 585 workers; company will move production of its Always sanitary napkins to its plant in Belleville, Ontario (S)
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BOISE CASCADE TO FORM VENTURE WITH CHILEAN COMPANY
Date: 04 June 1998
By Bloomberg News
Bloomberg News
Boise Cascade Corp to form joint venture with Chile-based Maderas Condor SA to build $160 million plant in southern Chile to make oriented-strand board, often used as substitute for plywood; project also includes plans for $20 million port; Boise Cascade will own 60 percent of venture, to be called Compania Industrial Puerto Montt (S)
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FORTUNE BRANDS TO ACQUIRE ELECTROLUX CABINET UNIT
Date: 04 June 1998
By Bloomberg News
Bloomberg News
Fortune Brands Inc to buy Schrock Cabinet Co from Electrolux AB for $107.5 million in cash (S)
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E-TRADE AND SOFTBANK TO FORM ON-LINE CONCERN IN JAPAN
Date: 04 June 1998
By Bloomberg News
Bloomberg News
E-Trade Group Inc will set up on-line securities company in Japan with Softbank Corp; Softbank will own 58 percent of venture (S)
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EXXON TO CREATE UNIT TO FOCUS ON DEEP-WATER PROJECTS
Date: 04 June 1998
By Bloomberg News
Bloomberg News
Exxon Corp is forming subsidiary, Exxon Upstream Development Co, to focus on developing deep-water oil and gas projects; Exxon Upstream will develop Hoover-Diana project in Gulf of Mexico and Girassol project off Angola; it will also take over development of offshore projects in West Africa; new unit will begin operation on July 1 (S)
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