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CBS Inc.'s second-quarter earnings fell 53 percent from a year ago due to weaker-than-expected ratings and a special charge related to staff reductions. Earnings totaled $51.9 million, or 80 cents per share, in the quarter, down from $109.3 million, or $1.36 a share, in the second quarter of 1994, the company said Wednesday.
A more than tenfold increase in earnings on pulp, paper and packaging fueled record operating profits for Weyerhaeuser Co. for a second straight quarter, the company reported Wednesday. Weyerhaeuser netted $246.7 million, or $1.21 a share, on record net sales of $3.07 billion, compared with net earnings of $128.9 million, or 62 cents a share, on sales of $2.6 billion in second quarter of 1994.
Shaquille O'Neal, shown playing against himself in a Reebok commercial, beat Michael Jordan's Chicago Bulls in the NBA playoffs. But Michael's shoe team, Nike, is still trouncing Shaq and Reebok. Photo by Associated Press
Boeing Co. shares dropped after the company said Friday that it will produce fewer jets in 1996. The stock fell $1.00 to $61.62 in a shortened, pre-holiday session during which 812,000 shares were traded, compared to its three-month daily average of 1.25 million shares. Boeing shares have fallen $3.12, or 4 percent, since Thursday's close.
Two Indian tribes are pumping big money into their campaign to bring unrestricted gambling - including slot machines - to Washington. Records at the state Public Disclosure Commission showed Wednesday that the Puyallup and Spokane tribes have poured more than $400,000 into the campaign to get Initiative 651 on the November ballot. The Shoalwater tribe also supports the proposal but does not show up as a contributor.
Intuit Inc., maker of the popular Quicken personal finance software, on Thursday reported sharply higher revenues in the third quarter and a narrower net loss. Revenue for the third quarter of fiscal 1995 was $98.9 million, compared with $54.4 million in the same period last year, which did not include sales from Parsons Technology Inc., acquired in September 1994.
It was a little-noted section of a little-noted bill. But it would have done great damage to the public's right to know about the special interests that influence election campaigns. To his credit, Gov. Mike Lowry used his veto power to get rid of it.
A month ago, Spokane Valley voters appeared ready to form their own city. A scientific poll showed incorporation was likely to pass.
Say you want to know the top 10 contributors to a candidate's political campaign. Just log onto the Internet, type in your request and boom, there they are.
Mayor Richard M. Daley scored a landslide victory over independent Roland Burris in a mayoral election Tuesday that drew the lowest voter turnout in half a century. With 34 percent of precincts reporting, Daley had 138,775 votes, or 69 percent, to 54,925, or 27 percent, for Burris, the state's first black attorney general. Republican Ray Wardingley had 6,282, or 3 percent, and Lawrence Redmond, the candidate of the tiny Harold Washington Party, had 1,452, or 1 percent. The lopsided race resulted in an estimated voter turnout of just 41 percent, and was sometimes overshadowed by two aldermanic runoffs that involved candidates with ties to the Gangster Disciples street gang. Daley, 52, held a commanding lead in the polls throughout the campaign and raised $3.9 million to Burris' $60,000 in his bid for a second full term.
(From For the record, Thursday, February 23, 1995:) A chart with Sunday's story on congressional campaign contributions incorrectly linked two organizations. House Speaker Tom Foley received a $5,000 contribution from Prudential Insurance Political Action Committee. George Nethercutt received a $1,000 contribution from Prudential Securities PAC. Although Prudential Securities is a wholly owned subsidiary of Prudential Insurance, the PACs are operated separately.
Rep. Jim Stoicheff's attempt to limit campaign contributions in state and local elections died in a House committee on a tie vote Thursday. The Sandpoint Democrat and House minority leader proposed capping contributions of individuals, companies and political action committees at $1,000 for local races and at $5,000 for state races.
Jim West can dish it out, but he sure didn't take it very well when asked about a dinner he organized for Senate Ways and Means Committee members and staff on The Boeing Company's tab. The Republican senator from Spokane is known for well-targeted barbs, usually thrown at Democratic hides. But West got defensive when asked about the dinner this week. "Why is this news?" he snapped. "Real reporters roll their eyes at this."
Last month, Gov. Phil Batt made an unprecedented disclosure of his personal assets and net worth, and placed his holdings into a blind trust while he is governor. He said Friday it wouldn't be a bad idea to require all future governors to make a similar disclosure.
The White House is defending the distribution of cash to draw black voters to the polls in Bill Clinton's 1990 gubernatorial campaign, as the Whitewater prosecutor investigates the practice. "The Clinton for Governor campaign was mindful of its obligations under the law and attempted to fully comply with those duties," White House adviser Bruce Lindsey said Sunday. The Arkansas native was treasurer of Clinton's gubernatorial campaign.
The day after he outlined his new vision of government, President Clinton found himself back on the defensive. His aides were soft-pedaling an important element of Clinton's speech to Congress on Tuesday and struggling to explain how it became an 81-minute marathon. Even as the president's motorcade carried him past flying flags and welcoming signs along the Main Street of this Pennsylvania Dutch town, White House aides faced queries on Wednesday ranging from whether the president would actually seek an increase in the minimum wage - which he advocated in the speech - to whether he would extend to his own legal defense fund the ban on lobbyists' gifts that he asked Congress to adopt voluntarily for itself.