News Corp.'s Profit Fell 27% in 4th Quarter
Date: 24 August 1990
By Roger Cohen
Roger Cohen
LEAD: Hit by a worldwide advertising slump and heavy losses at its British satellite-television service, the News Corporation reported yesterday that its profits had fallen 27 percent in the fourth quarter and 43 percent for the fiscal year.
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U.S. Already in a Recession, More Than 60 Percent Say
Date: 24 August 1990
By Michael Oreskes, Special To the New York Times
Michael Oreskes
LEAD: Americans have turned decidedly sour about the state of the economy, with the perception that the country is in a recession now shared by 6 out of 10 of them, according to the latest New York Times/CBS News Poll.
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Corrections
Date: 24 August 1990
LEAD: A headline on the Media Business page on Aug. 6 about an investment by the Times Mirror Company in La Opinion, one of the United States' largest Spanish-language daily newspapers, referred to the action incorrectly in some editions. Times Mirror is purchasing 50 percent of the newspaper; it is not buying the whole paper.
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NEWS SUMMARY
Date: 23 August 1990
LEAD: International A3-17
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NEWS SUMMARY
Date: 24 August 1990
LEAD: International A2-11
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N.L.R.B. Opposes Inquiry on Daily News
Date: 23 August 1990
LEAD: The National Labor Relations Board has joined the The Daily News in opposing the New York Department of Labor's effort to create a board of inquiry that would look into the paper's negotiations with its unions.
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Cray Research
Date: 23 August 1990
Reuters
LEAD: Cray Research Inc. said it had sold a Cray X-MP supercomputer system to Hydro-Quebec, the principal Canadian supplier of hydroelectric power. It said Hydro-Quebec had installed the computer at its center for numerical network analysis in Montreal. It will be used to simulate Hydro-Quebec's power networks.
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Justin in Merger
Date: 23 August 1990
Reuters
LEAD: Justin Industries said it had signed a definitive merger agreement with the Tony Lama Company. A Justin subsidiary will pay $9 a share in cash for Tony Lama common stock. The offer will start no later than Aug. 28 and will be for all of the approximately two million shares of Tony Lama's outstanding stock.
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Pepsico Drink Deal
Date: 23 August 1990
Reuters
LEAD: Pepsico Inc. said it had signed an exclusive five-year contract to supply soft drinks to Ponderosa and Bonanza restaurants beginning next month. No financial details were released. The Metromedia Company owns the 1,200 Ponderosa and Bonanza locations.
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Nippon Steel Unit
Date: 24 August 1990
Special to The New York Times
LEAD: The Nippon Steel Corporation of Japan has formed a new American subsidiary, Librex Computer Systems Inc., to manufacture and market computer products. The unit, based in San Jose, Calif., plans to introduce its first products, notebook computers, in the fourth quarter of the year. Many Japanese companies in basic industries like steel and chemicals have been diversifying into electronics and biotechnology.
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