Discover Family, Famous People & Events, Throughout History!

Throughout History

Advanced Search

Publication: European Stars and Stripes Thursday, February 11, 1993

You are currently viewing page 7 of: European Stars and Stripes Thursday, February 11, 1993

   European Stars and Stripes (Newspaper) - February 11, 1993, Darmstadt, Hesse                                Thursday february 11,1993 . Ford posts record loss $ Detroit a Ford motor co. Said wednesday that it lost an unprecedented $7.4 billion in 1992 As accounting changes and one time charges muddied an otherwise improving financial picture. The $7.4 billion loss amounted to $15.61 per com Mon share but included a one time accounting charge of $7.5 billion to reflect a bookkeeping change for Reti ree health  loss was smaller than the $8 Bil lion expected by analysts., it was the biggest annual loss Ever for a . Corporation eclipsing the $4.97 billion that International business machines corp. Lost in 1992. But Ford s distinction was to last for Only a Day. Gen eral motors corp., whose $4.45 billion loss for 1991 was a record at the time was Likely to reclaim the distinction today when it was expected to report a 1992 los exceeding $23 billion including $22.2 billion in Retiree health care accounting adjustments. The Impact of the health care accounting charge Onford s latest results was reduced by the automaker s adoption of another accounting change that resulted in a one time gain of $657 million. Without the accounting changes Ford lost $502 Mil lion or $1.46 per share in 1992, compared with a loss of $2.3 billion or $4.79 a share for 1991, that loss was mainly caused by a $419 million re structuring charge for its european operations and$455 million in additional Retiree health care Cost Fri toffs in 1992.in the fourth Quarter. Ford lost $840 million or $1.82 a share including $105 million of the Retiree health Carew Rigeoff and the charge for cutting 10,000 jobs in Europe. Ford lost $475.7 million or $1.03 a share in the fourth Quarter of 1991."this was one of the most unusual years in our Busi Ness because of the economic uncertainties around the world and the one time items that affected our Finan Cial results Ford chairman Harold a. Poling said. Ford s worldwide sales were $100.1 billion in 1992,up 8 percent from 7991 sales of $88.2 billion. The no. 2 automaker sold 5,764,400 cars and truck last Vear up 8 percent or 405,600 units from 1991. Ford s share of the total . Vehicle Market was 24.7percent, up 1.5 percentage Points Over 1991. Fourth Quarter sales were $25.4 billion up 15.5 per cent from $21.98 billion in the fourth Quarter of 1991. Pali Many attorney Mitchelson faces a for cheating on income tax los Angeles a Marvin Mitchelson the Jet set divorce attorney for Joan Collins Roxanne pulitzer Bianca Jagger and other personalities has joined the ranks of such celebrity tax cheats As Leona Helmsley and Pete  Man who put the word Alimony into the Legal lexicon left a Federal courtroom in Handcuffs tuesday after he was convicted of failing to report nearly $2 Mil lion in income. Mitchelson had blamed his accountant. A judge ordered the 64-year-old Mitchelson jailed on $2 million bail after prosecutors argued he might flee. But shortly after he was led away he complained of Chest pain Sand was taken to a Hospi Tal where he was in stable condition one of his Law yers  could get 12 years in prison and a $1million Fine at sentencing april 12. Federal sentencing guidelines make it in Michelson Likely he will serve More than three years. The flamboyant Mitchelson became Hollywood s Premier divorce lawyer by handling Mich Elle triola Marvin s 1979 Alimony lawsuit seeking half of Lee Marvin s  and the actor lived together for six years and never married. Hiding his status is fraud jury says by the los Angeles times los Angeles an his patient committed fraud when she hid her condition from health care professional treating her a jury decided tuesday in a lawsuit brought by a medical technician who was accidentally Cut by a Scalpel. The los Angeles Superior court jury awarded surgical worker Diane Boulais $102,500 in Hermase against Jan Lustig 46, a former psychologist who was diagnosed with the aids virus in 1987,but failed to disclose that when she had breast reduction surgery in 1991. Boulais 40, has not contracted the human immunodeficiency virus which causes aids and has undergone numerous tests since the Cut. In contrast to recent highly publicized Modesto Force doctors and other health care workers to disclose their aids status to patients this Casenas believed to be the first of its kind where a health care professional sued a patient. Her right to sue for Alimony was upheld but he claim was ultimately rejected though the actor was or dered to pay her a nominal sum for rehabilitation. Mitchelson s clients also included Carl Sagan ton Curtis Connie Stevens and Zsa Zsa Gabor. Over the past 20 years Mitchelson reported no tax Able income and has almost never paid taxes voluntarily . Attorney Terrace Bowers said after an eight week trial a jury deliberated just Aday before convicting Mitchelson of cheating on his tax returns from 1983 to 1986. I guess this is the West coast version of the Leon Helmsley Case Bowers said referring to the new York hotel executive who went to prison last year for tax evasion. Mitchelson filed monday for bankruptcy  Bank had planned to foreclose on his $6 million Man Sion because he had not paid the mortgage for six months. He was spending far More than he was earning assistant . Attorney Gary Lincun Borg said. None Day in june 1985, he bought a Rolls Royce for his wife and another car for his  As utilities were threatening to Stop service he was also paying for limousines hotel suites and Antiques and even bid $1 million for jewelry owned by the late Duchess of Windsor said assistant . Attorney Michael Reese. Mitchelson s attorney John Mitchell said his client had an image to keep up. Sen. Packwood wants his accusers named Pendleton Ore. A sen. Bob Packwood says the women who have accused him of making unwanted sexual advances should be identified an placed under oath when they go before the Senate s ethics committee. During a Public forum tuesday in la Grande in Eastern Oregon Packwood complained that the Washington Post has named Only 10 of the 23 women who told the newspaper he sexually harassed them. Most of the forum audience of 100 appeared to sup port the Oregon Republican. He was asked Only one question on the sexual allegations that have hounded him since shortly after his election last november to a fifth term. How do you justify your unwanted advances toward23 women including employees prospective employees and lobbyists Between 1969 and 1990?" Nancy Bach Man of la Grande asked him. Packwood 60, responded that he wants to hear the complaints straight from his accusers under oath and he wants a Chance to Cross examine them before the committee. The stars and stripes b Page 7 Cabinet member admits he owes taxes on Sitter from wire reports Denver . Transportation Secretary pc Scrico Pena says he too failed to pay social Security taxes for a household employee. The former Denver mayor said tuesday that he will pay More than $100 in taxes owed on wages paid to a baby Sitter hired to care for his two children while the family s regular baby Sitter was on a three week vacation in 1991. Pena joins another member of president Clinton Scab net Commerce Secretary Ronald h. Brown and at least four members of Congress who have acknowledged they failed to pay social Security taxes for Domestic help. The Brouhaha began when Zoc Baird Clinton nominee for attorney general admitted hiring illegal immigrants As a Nanny and chauffeur and said Shedid not pay social Security taxes for them. The juror forced her withdrawal Jan. 22. Kathy Archuleta Pena s spokeswoman said Pena s wife Ellen hired the temporary Sitter and had been under the impression she was a Independent contractor and therefore paying her own social Security. Navy probes assault Case Mayport Fla. The Navy is investigating a allegation that a Sailor was sexually assaulted by a shipmate aboard the aircraft Carrier Saratoga Las week a spokesman said. It. Preston Jenkins a spokesman for the Mayport based ship said tuesday that the Navy removed both men from the ship after on complained he was assaulted Friday. The alleged perpetrator is being held in the Brig until there s a pretrial hearing Jenkins said. The accusations include sodomy by Force without consent assault and Battery and being drunk and disorderly he said. Jenkins said the names of both men Are being withheld until the investigation is completed. Man held in two deaths Little Rock Ark. Police arrested a Man i connection with two killings including that of a woman who was a former Ward of . Surgeon general designate Joycelyn m. Elders. Nina Frazier 25, was found dead feb. 2 slumped behind the wheel of a pickup truck on an isolated Road in Little Rock. The body of her 31-year-Oldboyfriend, James Maness was lying face Down outside the truck. Both had several wounds in the upper body. George Anthony Brown 24, of Little Rock was arrested tuesday on two capital murder warrants said police it. Charles Holladay. He would no discuss further details of the Case. At the time of her death Frazier was wanted on several drug charges and on charges of forging $2,700 Worth of checks belonging to elders husband. Elders director of the state department of health and president Clinton s Choice for surgeon general said she and her husband considered Frazier part of their family. Frazier lived with her for several months As a teen Ager elders said. The first met when Frazier was 8 or 9 and elders treated her for diabetes. As a teen Ager Frazier had difficulty controlling her diabetes 4�nd was running away from Home quite a lot at the Point elders recalled  her parents in an attempt to help her diabetes and All thought it would be better if she lived Wither doctor. And so i became her  Man in radar gun Case Dies Santa Rosa Calif. Eric Bendure a police officer who claimed microwaves from a hand held radar gun caused his cancer died monday. He was a Bendure sued the radar gun s manufacturer for$12.5 million claiming he contracted cancer while working with the san Anselmo and Petaluma police departments. His lawyers argued that the radar gun was negligently designed and emitted microwaves even when it was not being used to track cars exposing endure to radiation when he rested it in his Lap. Bendure s cancer developed first in his Groin diagnosed in 1989. But jurors found for the manufacturer Kansas based custom signals inc., whose lawyers argued that scientific studies had failed to find a Lin Between microwaves and Bendure s cancer  
Browse Articles by Decade:
  • Decade