Sela Ward to Leave TV Sisters for Film Career
ADNOR Pa AP Sela Ward announces after six years as NBC Sisters sister she will leave after this season to return to films. Ward who won an Emmy last year for Teddy says contract ends and it is time to move on. She stars in Lifetime movie Almost Golden: The Jessica Savitch Story about the late network reporter.
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Reynolds to announce resignation decision on Sept second
Reynolds faces conviction for having sex with an underage campaign worker and for attempting to obstruct the investigation. He will announce Sept 2 whether he will resign from Congress as he faces a minimum four year prison term. The South Side district saw mixed energy after his 1994 victory over a criticized incumbent. The article notes his past efforts to sponsor job fairs alongside alleged misconduct and cover up claims.
Bejing Summit Possible Bejing Summit Possible
A U S China summit may be in the offing but Beijing remained silent after Tarnoff, who said a meeting could occur as early as October. He noted talks in New York on an agenda and cautioned substantial work remains before any summit with Clinton and Jiang Zemin. China offered no immediate comment amid signs of possible improvement in ties.
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Peter Tarnoff
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Jiang Zemin
People's Daily
Chemical And Chase To Make Large Deal
Chemical Bank ing Corp and Chase Manhattan Corp agree to merge in a 10 billion stock deal to form Chase Manhattan, creating the largest U S bank with 297 billion in assets. The combined firm will serve 25 million customers, rank high in mortgages and credit cards, and place New York operations atop consumer and business rankings.
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Merger Set to Cut 12,000 Jobs After Chase Chemical Pact
Walter Shipley notes the merger will close by March 1996 and reduce staff from 75,000 to 63,000 across 39 states and 18 countries. The $1.5 billion cost accounts for 16 percent of operating expenses. Boards approve the exchange of 1.04 Chemical shares for each Chase share, valuing the deal near $10 billion.
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Justice Dept seeks original videotape of racist Roundup
The Justice Department may seek a court order to compel production of the original videotape said to show racist actions at a Good Ol Boys rally for federal agents. The tape, linked to ex Fort Lauderdale officer Richard Hayward, surfaced via The New York Times report and was handed to the NRA. The DOJ issued an administrative subpoena to the Gadsden Minutemen in Alabama, while investigators review authenticity and potential doctored portions.
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Calvin Klein to halt controversial ad campaign
Calvin Klein Inc will stop a campaign featuring somber young models in suggestive poses after criticism likening it to kiddie porn. The full page New York Times ad says the campaign was misunderstood and will be pulled, amid protests over its appearance on 150 New York City buses and images of youths in underwear and provocative outfits.
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