Відтворення вівторок, 15 вересня 1992 р.

THE 1992 CAMPAIGN: Poll; Clinton Retains a Wide Lead in Latest Survey

Date: 16 September 1992

By Robin Toner

Robin Toner

Despite President Bush's efforts to rebuild his political base, Gov. Bill Clinton is holding on to both a significant lead in this race and the support of important elements of the Reagan-Bush coalition, according to the latest New York Times/CBS News Poll. The poll shows Mr. Clinton with strong backing from young people, suburbanites, independents, Roman Catholics and Democrats who said they voted for Ronald Reagan and Mr. Bush. Emphasis on the Economy Riding a wave of economic discontent, the Democratic nominee now has the backing of 49 percent of the voters over all, compared with 37 percent who say they are supporting Mr. Bush, the poll shows. Despite Mr. Bush's efforts to refocus his campaign and repackage his economic agenda, those standings are essentially unchanged from the last Times/CBS poll three weeks ago.

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INSIDE

Date: 16 September 1992

Stock Rally Is Reversed; Limits Seen to German Role A day after Germany's central bank nudged its interest rates down, stocks fell in Europe and the United States as investors concluded that the Bundesbank could not by itself bring recovery to Europe. Page D1. Eurocrats on Trial As France prepares to vote on a European union treaty, the Community's bureaucracy in Brussels is under growing attack. Page A12. An Environmental Encore New environmental arguments between rich and poor nations are expected as the United Nations General Assembly convenes. Page A10. Beyond the Last Planet Astronomers have detected a small, faint object that could be evidence for the existence of a belt of icy minor planets beyond Pluto. Page A22. No Cars on the Ferry Vehicles will no longer be allowed on the Staten Island Ferry, a ban prompted by terminal work. Page B1.

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The 1992 Campaign; Senate Race Ends in Whirl Of Appeals

Date: 15 September 1992

By Todd S. Purdum

Todd Purdum

The campaign for the Democratic Senate nomination from New York ground to a bitter end yesterday in a whirlwind round of street-corner rallies, appeals for upstate support and an emotional paid-television plea by Geraldine A. Ferraro, asking voters to reject what she called her rivals' efforts to exploit "the poisoned well of fear and stereotype." With no reliable statewide statistical picture available from public polls, aides to both Ms. Ferraro and State Attorney General Robert Abrams described a tight contest between them in the Senate race, in which turnout is expected to be crucial to the outcome. Both candidates fought for the one-third of registered Democrats who live upstate, with Mr. Abrams replacing all his existing television commercials in Buffalo with a new one stressing his warm endorsement by The Buffalo News, and with Ms. Ferraro issuing a new position paper pledging her support for farmers.

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Mutual Fund Sues Westinghouse Credit

Date: 16 September 1992

By Bloomberg News

Bloomberg News

A Boston-based mutual fund has sued the Westinghouse Credit Corporation to recover about $61.2 million it paid for stock in the closely held bankrupt discount drugstore chain Phar-Mor Inc. The Massachusetts Financial Services Company, a mutual fund with $29.2 billion in assets, filed suit in Federal court in Boston to recover payments for 2.1 million Phar-Mor shares purchased in March from Westinghouse Credit. The suit seeks the return of the $61.2 million that nine Massachusetts Financial funds paid for the stock, plus $5 million for expenses and interest.

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MAYTAG AND BOSCH-SIEMENS TO STUDY JOINT EFFORTS

Date: 15 September 1992

By Bloomberg News

Bloomberg News

Two big appliance manufacturers, the Maytag Corporation and Bosch-Siemens Hausgerate G.m.b.H., said yesterday that they had formed an alliance to consider joint marketing, distribution and research agreements. The companies will explore opportunities in the United States, Europe and elsewhere, including agreements to market each other's products. They will also consider joint research and development to improve energy efficiency and purchasing strategies. The alliance with Munich-based Bosch-Siemens is a move by Maytag, based in Newton, Iowa, to bolster its business in Europe, said Albert Turner, a Duff & Phelps analyst.

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CARTER HAWLEY REORGANIZATION PLAN APPROVED BY JUDGE

Date: 15 September 1992

By Bloomberg News

Bloomberg News

A Federal bankruptcy judge approved a reorganization plan for Carter Hawley Hale Stores Inc. that gives control of the retailer to the Chicago-based Zell/Chilmark Fund. The plan, approved by creditors and shareholders last week, clears the way for Carter Hawley Hale, which filed for Chapter 11 protection from creditors in February 1991, to emerge from bankruptcy next month. "It's going to let us concentrate 100 percent on the business instead of on the bankruptcy," the company's chairman, Philip Hawley, said.

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LESLIE FAY'S STOCK TUMBLES NEARLY 20%

Date: 15 September 1992

By Bloomberg News

Bloomberg News

Stock in the Leslie Fay Companies fell 19.6 percent yesterday to a 52-week low after the apparel maker said its third-quarter earnings would be significantly lower than expected. Leslie Fay said third-quarter earnings would be 65 cents a share, compared with 85 cents a share in the year-earlier quarter. The company, based in New York, said earnings for the year would be almost equal to last year's profit of $1.55 a share. Last year's results excluded a gain of 13 cents a share for the sale of the Head sports wear division.

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HEWLETT-PACKARD CARRIES OUT A COST-CUT PLAN

Date: 16 September 1992

By Bloomberg News

Bloomberg News

The Hewlett-Packard Company, Palo Alto, Calif., a manufacturer of computers and test and measurement products, will attempt to reverse its disappointing third-quarter performance with a new four-point cost-cutting program. The plan, approved by top executives last month and disclosed in a Securities and Exchange Commission filing, instructs divisional managers to cut costs by these steps: closing plants at Christmas for about a week, using fewer temporary workers, requiring workers to take a day off without pay every two weeks, or moving workers from slow-growing to fast-growing businesses.

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HESS STORES, TRYING TO EASE LOSSES, WILL SELL 11 STORES

Date: 16 September 1992

By Bloomberg News

Bloomberg News

Hess Department Stores Inc. agreed yesterday to sell three stores to Dillard Department Stores and eight to Proffitt's Inc. in an effort to stem losses. Hess, a unit of the closely held Crown American Corporation in Johnstown, Pa., is selling nine stores in eastern Tennessee, one in Bristol, Va., and one in Asheville, N.C. Dillard said it expects to close its deal in November, while Proffitt's, a family-owned chain, expects to complete its transaction within 60 days. After the sales, Hess will have 62 stores concentrated in the Northeast. A spokesman said the Allentown, Pa., company has no plans to sell any more stores right now.

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Bank Rules Approved

Date: 15 September 1992

By Bloomberg News

Bloomberg News

The Federal Reserve Board approved rules today that require banking regulators to take action against banks that become undercapitalized. The Fed was the first of the four Federal bank and thrift industry regulatory agencies to act on the so-called corrective action rules. The Federal Deposit Insurance Corporation is expected to vote on Tuesday.

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