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Date: 09 November 1992

By Nadine Brozan

Nadine Brozan

IN 1952, DON HEWITT was in charge of political convention coverage for CBS and wondering who to put on the air as a commentator. "There was this guy who worked in Washington who didn't have all that much broadcasting experience, and I went to Sig Mickelson, president of CBS News and said, 'Listen, what do you think about Walter Cronkite?' " Mr. Hewitt recalled the other day. At that time Mr. Cronkite was known mainly as a war correspondent for United Press International. "So we hired him and then were talking about how we would operate," Mr. Hewitt continued. "I said, 'He ought to be the principal of four broadcasters, like the anchorman on the relay team. Nobody had ever used that term before, but it certainly did stick, and Walter Cronkite and anchorman became household words."

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Chicago Papers Fight for, and in, Ads

Date: 09 November 1992

By Barnaby J. Feder

Barnaby Feder

Six weeks ago, when The Chicago Tribune raised its prices from 35 cents to 40 cents for home delivery and 50 cents at newsstands, its bitter rival, The Chicago Sun-Times, faced a tough decision. Its obvious option was to match the increases and lift revenue, at least temporarily. Instead, The Sun-Times held the line and, in a blistering ad campaign, decided to use the price gap as a weapon to try to reverse its long losing streak in the battle for readers.

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INSIDE

Date: 10 November 1992

Corruption Choking India Whether it is a payoff of millions to fix a sale or a few extra rupees for a rail ticket, India's corruption is beginning to anger its citizens. Page A12. Perot Files Searched The State Department, criticized for searching the passport files of Bill Clinton and his mother, did the same to Ross perot. Page A16. The Arts Beyond Moscow In Russia's provincial cities, the arts appear steadier and more settled than in the volatile metropolises of the post-Communist era. Second of three articles, page C15.

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THE TRANSITION: Political Memo; Clinton, After Raising Hopes, Tries to Lower Expectations

Date: 09 November 1992

By Michael Kelly

Michael Kelly

As President-elect Bill Clinton begins the transition from campaigning to governing, his overarching concern is to cope with the emotion he has stirred: hope. A volatile expectation colors everything about the beginning of the Clinton years. Against accepted political wisdom and the currents of an angry year, Mr. Clinton's Presidential campaign seemed to revive at least a limited belief that Washington can actually do something good for people.

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BANK RESIGNS AS TRUSTEE FOR MARRIOTT BONDS

Date: 10 November 1992

By Bloomberg News

Bloomberg News

First National Bank of Chicago has resigned as a trustee for the Marriott Corporation's bonds because, the bank said in a letter to investors, it was unable to fulfill its fiduciary duties to the bondholders. A trustee's job is to represent the interests of investors. Many institutional bondholders are unhappy over Marriott's plan, announced in early October, to split in two. The move would leave Marriott International Inc. -- including the company's lodging, food and facilities management operations -- with a clean balance sheet. A weaker concern, the Host Marriott Corporation, consisting of real estate and airport and railroad concessions, would be saddled with $2.9 billion of the company's debt.

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INTEL SHOWS LOW-POWER CHIP FOR LAPTOP COMPUTERS

Date: 10 November 1992

By Bloomberg News

Bloomberg News

The Intel Corporation yesterday introduced a lower-voltage version of its 486SL chip for use with laptop computers. Intel said the 486SL microprocessor, essentially a computer on a single chip, consumed 3.3 volts of power, compared with older versions that require 5 volts.

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TOYOTA TO BEGIN SELLING BIG PICKUP TRUCK IN U.S.

Date: 10 November 1992

By Bloomberg News

Bloomberg News

Toyota Motor Sales U.S.A. will start selling its large T100 pickup truck on Thursday. The company, an American unit of the Toyota Motor Corporation of Japan, is projecting sales of between 50,000 and 60,000 units in its first model year. Toyota's T100 marks the first foray by a Japanese manufacturer into the larger pickup truck segment, one of the few remaining segments in which American auto makers have had no Asian competition.

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G.E. SETTLES CLAIM THAT LIGHT BULB LABELS ARE MISLEADING

Date: 10 November 1992

By Bloomberg News

Bloomberg News

The General Electric Company has agreed to revise advertising for its Energy Choice light bulb, following accusations by the Federal Trade Commission and attorneys general in 32 states that it has misled consumers. In a settlement announced yesterday by the F.T.C., the company also agreed to pay $165,000 to the 11 states that led the investigation.

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Daimler Stake in Korea

Date: 10 November 1992

By Bloomberg News

Bloomberg News

South Korea has approved the sale to Germany's Daimler-Benz A.G. of a 5 percent equity stake in the Ssangyong Motor Company, South Korea's fourth-largest auto maker, the Finance Ministry said over the weekend. Daimler-Benz will pay 26.8 billion won ($33.9 million) to acquire 1.53 million shares of Ssangyong Motor at 17,500 won a share, with a par value of 5,000 won. Daimler-Benz has also agreed with Ssangyong on an option to expand its stake in Ssang yong to 10 percent in the near future, probably by 1996, Ssangyong officials said today.

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NEWS SUMMARY

Date: 09 November 1992

International A3-9 RIOT DISRUPTS RALLY FOR PEACE Leaders calling for Germany to unite to combat neo-Nazi violence against foreigners became the victims at a Berlin rally attended by 350,000 people when hundreds of anarchists flung eggs and tomatoes at the speakers. A1 JAPAN'S CARGO OF WHISPERS The largest shipment of plutonium ever, en route from France to Japan, has inspired whispers and protests, although Tokyo asserts the nuclear material will be used exclusively for peaceful purposes. A6

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