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Newspaper
Aiken Standard
Location
Aiken, South Carolina, United States of America
Date
Dec 16, 1992
Page
2
The court allowed Allen to deliver Christmas gifts to his daughter and two sons while maintaining constraints on visitation and access to a videotape of the girl describing alleged molestation. The custody dispute remains unresolved.
Clinton vows quick work on the economy with a framed program of investment and credit measures to cut the deficit. He plans to present the outline after taking office January 20, delaying final decisions on the exact package until evidence is available.
IBM signals further layoffs in 1993 amid slower European and Asian economies. Chairman John F. Akers cites rapid industry change and weak profits as drivers, with 275 000 employees planned after cuts and a dividend under review. Stock sinks to 10 year low as R&D spending trimmed and shift to software and services.
New York retailers report strong demand in the final 10 days before Christmas despite storms in the Northeast and Northwest. Sears and J C Penney note growing catalogs and steady in store sales, while TeleCheck cites a 1.5 percent drop due to weather. Experts expect a rebound as shoppers adapt.
Michael Jackson is named Silver Anniversary Entertainer of the Year at the NAACP Image Awards to be held Jan 18 at the Pasadena Civic Auditorium. NBC TV will televise the ceremony on Jan 28 with the theme A Celebration of Change. Past recipients include Eddie Murphy Oprah Winfrey Patti LaBelle and Whoopi Goldberg.
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