Lotto Bunkum and Bubbly Get Reporters to Bite Again
Date: 09 January 1990
By Alex S. Jones
Alex Jones
LEAD: New York City's news organizations were the target of an elaborate hoax on Sunday in which a professional actress claimed to have won the $35 million Lotto jackpot in Saturday night's lottery drawing.
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Foreign Press Helps Bombed Bogota Paper
Date: 09 January 1990
By James Brooke, Special To the New York Times
James Brooke
LEAD: White paint, fresh plaster and new furniture still wrapped in plastic are signs that an international rescue campaign is restoring life to a newspaper gravely wounded here by a truck bomb.
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The U.S. and Panama: The Press; Paper Noriega Crushed Is Reborn as a Watchdog
Date: 10 January 1990
By David E. Pitt, Special To the New York Times
David Pitt
LEAD: Guillermo Sanchez Borbon had a bit of a fright when he returned this week to his newspaper office, which had been closed for 23 months. There were four heavily armed soldiers outside the front door.
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NEWS SUMMARY
Date: 10 January 1990
LEAD: International A3-13
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NEWS SUMMARY
Date: 09 January 1990
LEAD: INTERNATIONAL A2-15 The plan for easing third world debt proposed by the Bush Administration 10 months ago has fallen short of its goal to cut the commercial bank debt of 39 nations by 20 percent. Page A1
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Consolidated Gas
Date: 10 January 1990
AP
LEAD: The Consolidated Natural Gas Company said it plans to sell four million shares of common stock to raise nearly $200 million. It said it would use the money to expand its pipeline and transmission operations in the Northeast, increase exploration and production and complete the $160 million purchase of the Virginia Natural Gas Company.
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Avondale Layoffs
Date: 09 January 1990
Reuters
LEAD: Avondale Industries, a Louisiana shipbuilder, laid off about 300 workers, and a company spokesman said another 615 workers might be released to cut costs. The company, one of the nation's most active shipbuilders, has about 8,500 employees. It has a $2 billion backlog of work, but much of it will not begin before later this year, the spokesman said.
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Pacific Telesis Plan
Date: 09 January 1990
Special to The New York Times
LEAD: The Pacific Telesis Group said it would repurchase up to 25 million shares of its stock, totaling about $1.2 billion, based on Friday's closing price. The stock rose $1.25 today, to $49, on the New York Stock Exchange. ''We continue to believe that repurchasing our stock at current prices is a very good investment for our shareowners,'' said Sam Ginn, Pacific Telesis's chairman and chief executive.
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Grand Met Deal
Date: 09 January 1990
AP
LEAD: Grand Metropolitan P.L.C. said it would buy 20 Wimpy restaurants in Britain and convert them to Burger King outlets. In announcing the purchase from Allied Leisure P.L.C. of London, Grand Met said the sale was to be completed by Jan. 29. No terms were disclosed. In the last three months, Burger King has doubled the number of its outlets in Britain and now operates 60 restaurants there.
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Control Data Loss
Date: 10 January 1990
AP
LEAD: The Control Data Corporation said today that it expects its fiscal year 1989 restructuring costs to climb to more than $650 million with the addition of a fourth-quarter charge of $210 million. With the restructuring charges, the computer maker said it would incur a loss in the fourth quarter and for the year.
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