Knight Ridder/Tribune Business News articles from July 3 1996

Knight Ridder/Tribune Business News archives from July 3 1996

NationsBank Tests Automated Loan Machines by Affinity Technology Group.(Originated from The State, Columbia, S.C.)
July 3, 1996... Jul. 3--Automated loan machines developed in Columbia may appear in shopping malls and offices as NationsBank tests technology developed by Affinity Technology Group. The deal is a milestone for Columbia-based Affinity. Since it was formed...

Boeing Stock Rises on Word of General Electric Corporate Jet Venture.(Originated from The Wichita Eagle, Kan.)
July 3, 1996... Jul. 3--Jaws fell and Boeing Co. stock rose Tuesday in response to the announced entry of a new player in the corporate aviation field: Boeing Business Jets. A joint venture of Boeing and General Electric Co., Boeing Business Jets will sell...

Jubilation Casino in Mississippi to Close in August if Buyer not Found.(Originated from The Sun Herald, Biloxi, Miss.)
July 3, 1996... LAKESHORE--Jul. 3--The troubled Jubilation Casino will close at the end of August if it doesn't find a buyer. Without a sale, the casino's publicly traded parent company, Alpha Hospitality Corp., will close the Jubilation within the next 60...

Corn Crop on Brink of Failure as Dry Heat Looms over South Carolina.(Originated from The State, Columbia, S.C.)
July 3, 1996... Jul. 3--The stifling dry heat continues to bake the state as farmers brace for the worst. South Carolina's not officially in a drought, but try to tell that to farmers who say their corn is a lost cause without rain in the next day or two....

Trade Panel Squashes Florida Tomato Growers' Charges.(Originated from The Miami Herald)
July 3, 1996... Jul. 3--In a stinging defeat for Florida tomato growers, a U.S. trade panel Tuesday dismissed their complaint that Mexican imports were causing serious injury to the state's winter crop. The 4-1 vote of the International Trade Commission...

Boeing, General Electric to Produce Corporate Version of 737 Jet.(Originated from The News Tribune, Tacoma, Wash.)
July 3, 1996... TACOMA, Wash.--Jul. 3--Imagine yourself on a business trip. You sleep in a real bed -- or, at the very least, a seat that reclines into a bed. You work out in the fitness center. Take in a movie. Then you meet at the conference table with...

Two Wichita-Area Savings and Loans Could Benefit from Supreme Court Ruling.(Originated from The Wichita Eagle, Kan.)
July 3, 1996... Jul. 3--Two savings and loans operating in the Wichita area are among the financial institutions that could gain from a ruling by the U.S. Supreme Court. The court ruled Monday that the federal government can be sued by savings and loans and...

London-Based Compass Group Buys Florida Food-Service Firm.(Originated from The Charlotte Observer, N.C.)
July 3, 1996... Jul. 3--The Compass Group is buying Professional Food-Service Management Inc., a Jupiter, Fla.-based company that operates campus cafeterias, for $24 million. The deal, which will be paid for in cash, a $2.5 million loan note and more than...

Cessna Aircraft Financing Subsidiary Former Executive Pleads Guilty to Theft.(Originated from The Wichita Eagle, Kan.)
July 3, 1996... Jul. 3--A former executive of Cessna Aircraft Co.'s financing subsidiary has pleaded guilty to stealing more than $1.5 million from the company and its customers. Antonio J. Garcia, 48, an international finance manager for Cessna Finance...

Plant Pathologist in Kentucky Explains Use of New Fungicide.(Originated from Lexington Herald-Leader, Ky.)
July 3, 1996... LEXINGTON, Ky.--Jul. 3--William Nesmith wants to make one thing clear about Acrobat MZ, a new fungicide that is helping farmers combat blue mold this summer: it's not a wonder drug. "We've had some farmers who have had people tell them...

Kentucky Judge Orders Track to Show Stockholder List to Would-Be Buyer.(Originated from Lexington Herald-Leader, Ky.)
July 3, 1996... LEXINGTON, Ky.--Jul. 3--A day after The Red Mile said it had enough votes to block a takeover attempt, a Fayette district judge said the track must turn over its stockholder list to the people mounting the effort. The spokesman for the...

Overnite Transportation Employees Protest Overtime Rule.(Originated from Lexington Herald-Leader, Ky.)
July 3, 1996... Jul. 3--Pro-union workers at the Overnite Transportation trucking terminal in Lexington protested yesterday that company's newly instituted overtime policy will hurt their incomes. Workers carrying picket signs outside the terminal at 213...

Developers Plan to Revamp High Street in Lexington, Ky.(Originated from Lexington Herald-Leader, Ky.)
July 3, 1996... Jul. 3--The historic building that housed the Saratoga Restaurant might soon be history. A new $1.5 million office building, called the Ashland Plaza, is being built at the corner of High Street and South Ashland Avenue and that development...

Workers in Sacramento, Calif., Tailor Outdoor Jobs around Heat Wave.(Originated from The Sacramento Bee, Calif.)
July 3, 1996... Jul. 3--On a typical day, the Sacramento District Council of Carpenters sends its members to work sites around the city at about 7 a.m. for shifts that last well into the afternoon. But on Tuesday, carpenters started rolling into work sites...

Wells Fargo Bank, Thrifty Drug Store to Share Some California Branches.(Originated from The Sacramento Bee, Calif.)
July 3, 1996... Jul. 3--Wells Fargo Bank branches could soon be dispensing aspirin with their auto loans. The giant San Francisco company, in a new twist for banking industry, Tuesday unveiled a pilot program that calls for opening drugstores in five of its...

California Recyclers Net $4.7 Million from Public-Private Effort.(Originated from The Sacramento Bee, Calif.)
July 3, 1996... Jul. 3--California's recycling activities will receive a nearly $4.7 million infusion from a novel public-private effort announced Tuesday. Under the deal, the California Integrated Waste Management Board is turning over 17 loans, worth $6.1...

Columbia/HCA to Buy Providence, R.I., Medical Center.(Originated from The Boston Globe)
July 3, 1996... Jul. 3--Columbia/HCA Healthcare Corp. has agreed to purchase Roger Williams Medical Center in Providence for $50 million, according to Robert A. Urciuoli, president of the 220-bed medical center. If completed, the acquisition would represent...

U.S. Firm Sues over Cuban Oil Leases.(Originated from The Miami Herald)
July 3, 1996... Jul. 3--An American company that once drilled for oil in Cuba filed a suit against a Canadian mining consortium and the Cuban government Tuesday, accusing them of profiting off illegally seized oil drilling leases. Consolidated Development,...

Columbia/HCA Healthcare Signs to Buy the Visiting Nurse Society.(Originated from Akron Beacon Journal, Ohio)
July 3, 1996... Jul. 3--Columbia/HCA Healthcare Corp., the nation's largest for-profit hospital chain, signed a letter of intent yesterday to buy the Visiting Nurse Society of Stark County. The acquisition would add the nurse service to Columbia/HCA's joint...

Stocks Fall among Carolina HMOs as Competition Slims Profits.(Originated from The Charlotte Observer, N.C.)
July 3, 1996... Jul. 3--The stocks of managed-care companies that operate in the Carolinas are taking a beating, spurred by investor concerns over intense competition and flat or falling premiums. Stock in Healthsource Inc., the New Hampshire-based parent of...

Miami Teamsters Officials Ousted; Found Guilty of Nepotism.(Originated from The Miami Herald)
July 3, 1996... Jul. 3--Longtime Miami Teamsters leader Clarence Lark has lost his job after the union's four-month investigation found him guilty of nepotism, favoritism and accepting cash payments from members. A decision released Tuesday by...

South Carolina Tobacco Markets to Open Week Late but In Good Shape.(Originated from The State, Columbia, S.C.)
July 3, 1996... Jul. 3--South Carolina's tobacco markets are set to open July 25, a week later than usual, but agriculture officials say this year's crop is in good shape. The date was recommended by the Flu-Cured Tobacco Advisory Committee meeting in...

Miami's Pollo Tropical Adds Marinated Pork to the Chain's Menu.(Originated from The Miami Herald)
July 3, 1996... Jul. 3--Pollo Tropical, which for eight years has fought the chicken wars with its namesake product, is introducing a new marinated ammunition: pork. The Miami-based chain next week will begin selling pork sandwiches and meals, seasoned with...

Northwest Airlines and Seattle-Tacoma Lose Out in Japan Aviation Dispute.(Originated from The News Tribune, Tacoma, Wash.)
July 3, 1996... TACOMA, Wash.--Jul. 3--The Puget Sound basin could miss out on millions of dollars worth of trade because the Japanese government won't allow Northwest Airlines to fly through Osaka to Jakarta, Indonesia, according to a Port of Seattle...

BMW Car Sales Break U.S. Records.(Originated from The State, Columbia, S.C.)
July 3, 1996... Jul. 3--Sales of BMW cars in the United States broke records from January to June and are on track to top 100,000 annual units for the first time. The numbers also showed a continuing increase in sales of the new BMW Z3 roadster, which is...

Soaring Corn Prices Sting California Dairy, Poultry Farms.(Originated from The Modesto Bee, Calif.)
July 3, 1996... Jul. 3--Though the price of corn soared to a record high at $5.38 1/2 per bushel Monday, dairy and poultry consumers probably never will feel the effects, as costs dip again. "They (the costs) rarely filter to consumers. It's not likely that...