Expelled official seeks asylum in United States
Nicaraguan consul Augustin Alfaro sought political asylum in the United States after United States authorities ordered his six Nicaraguan consulates closed. Alfaro left a federal building in New Orleans insisting he does not want to depart the country, timed to a 4 p.m. deadline. INS spokesman Duke Austin confirmed Alfaro filed an asylum application on the final day amid a delicate international dispute.
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AT&T Split Into Eight Firms Foreshadows New Structure
New York AT&T faces Fortune’s doubt as the stock is seen as uncertain. The plan splits AT&T into eight companies on January 1 with seven regional units and a reorganized core. Ten shares of current AT&T would yield ten shares of the new AT&T plus one share in each regional firm, while the dividend remains $5.40.
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