Newspapers / Daily Tar Heel (Chapel … / March 7, 1989, edition 1 / Page 7
Part of Daily Tar Heel (Chapel Hill, N.C.) / About this page
This page has errors
The date, title, or page description is wrong
This page has harmful content
This page contains sensitive or offensive material
The Daily Tar HeelTuesday, March 7, 19897 A Business Stocks Z L V.V.V.WWW I ma mmummm? COMPANY Duke Power Food Lion NCNB Corp. RJR Nabisco Southern Bell CLOSE 43 14 10 38 34 14 85 14 42 m. I) 221 222 223 224 227 Exchanges NEW YORK CLOSE GOLD... SILVER British POUND Swiss FRANC Japanese YEN ...... W. German MARK DTH Graphic 2320 , ; . 2310 II 2300 1 2290 2260 i ii p pi ti 2250 8 Ml lp pi pi 2240 hi inn-11 ii iir in pi ccSj tern $s s&s psssj IpS few Formmer Dyke Power-workers claim .asbestos-related 51 loesses From Associated Press reports SALISBURY Scott Goforth knew about most of the dangers he faced as a carpenter and later as a utilities foreman for Duke Power Co., but he said he never thought about asbestos until recently. Goforth, 67, is one of 65 former Duke Power Co. workers who have filed worker's compensation claims with the North Carolina Industrial Commission during the past four months. Late last month, 82 workers at General Tire and Rubber Co. in Charlotte and Kelly Springfield Tire Co. in Fayetteville filed similar claims. Goforth said he remembered the obvious dangers of his work, like when a worker would fall off scaf folding while installing steam pipes at a generator plant. He also remembers when the asbestos, insu lating all the pipes, turbines and boilers, lingered in the air and fell on him and his co-workers like snow. Now scar tissue has grown around the tiny fibers embedded in his lungs. Each morning, he clears the phlegm from his chest and does the best he can to catch his breath for the rest hair clips, barrettes, hair accessories University Square Chapel Hill 967-8935 F HOLD JMh Bod Eannnpon Your Own Apartment. Now You .AOS ' m m - University Lak 768-3983 Doval 967-2239 Klngswoodg 967-2231 EQUAL HOUSING OPPORTUNITY 2294.82 UP 20.53 VOLUME: 166.88 million shares CHANGE 18 - 18 - 38 12 1 18 HIGH 43 14 10 12 35 38 85 38 42 LOW 43 18 10 14 33 78 84 12 40 78 CLOSE .$ 388.56 , $5.78. CHANGE .. 0.85 - 0.005 CLOSE MON (per $1 US) CLOSE FRI (per$1 US) 1.72335 1.72025 ..1.58575 1.57515 ....129.15 127.815 ..1.85275 .1.8437 'Expressed in US dollars per pound of the day. Goforth and others said they first thought co-workers were dying of old age, but then they heard about asbestos exposure. "I didn't know what I had. I knew 1 had something, but I didn't know what until I talked to my fellow workers," said Clyde Newton, 61, of Newton, a retired concrete finisher. "It's just like you're choking all the time." Asbestos claims have swamped the commission, which for more than 50 years had only about 12 such claims a year. All the workers and retirees say that they were exposed to asbestos and are entitled to disability pay ments for asbestosis. Some say that they have also developed lung cancer or mesothelioma, a cancer of the tissue that lines the lungs. William Stephenson, chairman of the commission, said that although the risks of asbestos have been known since 1935, officials never thought to warn workers not directly in the asbestos industry. "No one ever thought to monitor workers in steam plants," he said. "No (3 Can Afford It. Mon.-fri. 9-4; Sat. 10-6 228 31 32 33 36 ( Est$ Park ( J A, 967-2234 V W 1 V B I 111 U JT, 1 iff J TME Park 1 um-'h CSCU adds traveler's check service By ERIK FLIPPO Business Editor Carolina Students' Credit Union (CSCU) expanded its service Mon day with the introduction of Amer ican Express traveler's checks. The checks are available at no extra charge for credit union members, and at a one percent per-sale service charge for non-members, said Paula Zellmer, a member of the CSCU board of directors. "It's a good deal because every bank on Franklin Street will charge everybody that one percent." Zellmer Pending mercer poshes media From Associated Press reports NEW YORK Media company stock prices, soared Monday as investors, dazzled by the $18 billion merger planned between Time Inc. and Warner Communications Inc., showed faith that the trend toward creating mammoth media conglo merates would continue. Securities analysts said they also expected to see more consolidations in the media business, although not of the magnitude of the deal announced Saturday to create Time Warner Inc. "It's a unique opportunity, and I can't see that you're able to replicate it," said John Reidy, an analyst with Drexel Burnham Lambert Inc. A completed merger would make Time Warner the world's largest media concern, with a projected annual revenue of $10 billion. That figure would surpass the current world communications leader, West Germany's Bertelsmann AG, which reported $6 billion in 1987 revenue. That is exactly what Time Chair man J. Richard Munro had in mind as he and Warner Chairman Steven Ross discussed a merger during the past two years. "We believe that by the mid-1990s the media and entertainment industry will be composed of a limited number of global giants," Munro told secur- x hies analysts last November. "Time intends to be one of these companies." Who are the others? one ever thought that these compan ies had an injurious exposure level." Many of the Duke Power workers have also filed third-party suits in U.S. District Court against the asbestos manufacturers for failing to warn them about the risks. Mike Mullen, a spokesman for Duke Power, said the company began a 10-year project in 1984 to remove asbestos from its eight steam plants. The Oconee Nuclear Station in Seneca, S.C., was also insulated with asbestos and is part of the removal project. The cost of the project is estimated to be $80 million. RECYCLE This Newspaper I BROWM'S FATNESS CENTERS 229 S. Elliott Rd., Kroger Plaza, Chapel Hill Suite K, Woodcroft Professional Center, Durham If you are between the Ages Of 5 &. 75, you are interested in Self-Defense, you would like to Get In Shape, you'd like to gain Self-Confidence, Better Balance, flexibility, Reflexes, Coordination, and if you like to have FUN, WE HAVE A PROGRAM FOR YOU! Our nationally certified male cv female instructors will teach you Taekwondo where SAFETY COMES FIRST! SELF-DEFENSE COURSES FOR WOMEN All classes are divided into age and level. Join the 120,000 members in over 1 200 Schools Clubs! 493-3211 or 967-2080 AMERICAN TAEKWONDO ASSOCIATION j HELLO GRADUATING SENIORS! DO YOU SEE GRADUATE EDUCATION IN YOUR FUTURE? ARE YOU LOOKING FOR A QUALITY GRADUATE PROGRAM? WOULD YOU LIKE TO LEARN MORE ABOUT HUMAN DISEASES? ARE YOU INTERESTED IN NEW RESEARCH TECHNOLOGIES? THEN, YOU SHOULD CONSIDER APPLYING TO THE GRADUATE PROGRAM IN PATHOLOGY UNIVERSITY OF NORTH Reseach on the origins and mechanisms of diseases in volves structural analyses, chemistry of blood fluids, gene cloning and expression, somatic cell genetics, study of oncogenes, transgenic animals, targeted mutagenesis, molecular modeling, genetic stability, etc. Students inter ested in biology, chemistry, biochemistry, molecular biology, genetics, physiology, toxicology, biotechnology, immunology, etc. are encouraged to apply. Please contact Dr. Marila Cordeiro-Stone, Director of Gradu ate Studies and Admissions, Pathology Dept., C.B. 7525, Chapel Hill, NC 27599. Phone (919) 966-1396 or 1397. said. The checks are exactly the same as those sold by other banks, with all the same features, she said. The new service has worked smoothly so far, she said. Training the tellers to sell the checks takes about 45 minutes. Two tellers have already gone through the program, and more were ready to learn the procedure Monday. "They are really quite simple to sell," she said. CSCU makes no profit from the Business Briefs Mainly foreign publishing and broadcasting giants such as Maxwell Communication Corp. and Rupert Murdoch's News Corp., and electron ics behemoth Sony Corp., which have snapped up U.S. media concerns in a torrent of deals made possible over the past several years by their own wealth and the weak U.S. dollar. In his speech to analysts, Munro said the spurt of acquisitions, mergers and joint ventures among media companies m recent years has given these businesses "the sheer size required to compete efficiently on a global basis." Analysts said they expected no letup in the torrent of foreign buyouts The DTH Campus Calendar is a daily listing of University-related activities sponsored by academic departments, student services and student organizations officially recognized by the Division of Student Affairs. To appear in Campus Calendar, announcements must be submit ted on the Campus Calendar form by NOON one business day before the announcement is to run. Saturday and Sunday events are printed in Friday's calendar and must be submitted on the Wednesday before the announcement is to run. Forms and a drop box are located outside the DTH office, 104 Union. Items of Interest lists ongoing events from the same campus organizations and follows the same deadline schedule as Campus Calendar. Please use the same form. Tuesday 10:30 a.mJUNC Study Abroad .will have a represents- , tive from the University of Bristol to speak to students wishing to study in England next year. The representa tive will be in 12 Cald well until 1 p.m.. 11:30 a.mBaptist Student Union will have Tues day Table Lunch at the Battle House across from Kenan Dorm. Cost is $3. Anyone is welcome. 3 p.m. UNC Study Abroad will have an informa tional meeting for Bos ton University's Study Internship program in It brings out the best in all of us." United way flit CAROLINA AT CHAPEL HILL service the one-percent charge to non-members covers paperwork costs but Zellmer said the credit union hopes to gain more members by offering the checks. "We're trying to add more and more services to make (the credit union) attractive to members," she said. , "This is an indication that we are trying really hard to become a full time financial institution," she said. "We're trying to get more students so we can offer more services. "We're in a kind of a catch-22," of U.S. media companies. Reidy of Drexel Burnham Lambert noted that Sony, which bought CBS Records last year, has expressed interest in owning a motion picture company, including Columbia Pictures. Bertelsmann is not as well known in this country as some other big media names, such as Murdoch or Robert Maxwell of Maxwell Com munication, but it owns the publisher Doubleday & Co. and RCA records. Reidy suggested Bertelsmann might also move into the film business. News Corp. owns newspaper, magazine and book publishing oper ations in Australia, Britain and the United States. Murdoch's American holdings are in themselves an empire, including Triangle Publications Inc., the publisher of TV Guide; Harper Campus Calendar Paris and London in 12 Caldwell. 3:45 p.m. University Career Planning and Placement Servi ces will have an expe riential learning work shop on internship basics and how to find one in 210 Hanes. 4 p.m. Walk for Humanity will have an organiza tional meeting in the Campus Y lounge. All interested students are encouraged to attend. UCPPS will have an on-site interviewing workshop for seniors and graduate students in 209 Hanes. 5:30 p.m. Black Pre- Professional Health Society will meet in the Black Cul tural Center, Union. Guest speaker is Ste rling Lloyd of Howard Medical School. UNC College Republicans will have a reorganizational meeting in 211 Union until 6:30 p.m.. Both old and new members welcome. 5:45 p.m. UNC Speech Club will meet in 217 Bingham. 6 p.m. ' Order of the Bell Tower will meet in the Union. PLease be prompt for the Yackety Yack photo. 7 p.m. Psychology Club will meet to hear Dr. Samuel Pond speak on industrial psychology in 1 10 Davie. Club elec tions and refreshments will follow. Alpha Epsilon Delta will have a full meeting for members and rushees, featuring two recruiters from the armed forces. Office of Interna tional Programs Great Decisions Committee will have a lecture on the Horn of Africa in 100 Hamilton.' UNC Young Demo crats will meet to hear Howard Lee, former mayor of Chapel Hill and first black mayor in the South, in 224 Union. UCPPS will sponsor a presentation by Wal lace Computer Servi ces in 209 Hanes. Undergraduate Courtand Attorney General's staff will hold an informational meeting in the Union Auditorium. 8 p.m. UNC Equestrian Club will hold an important meeting in K!E, Hamburger, DCQ, French Fries, and more every night CELBRATE SPRING BREAK '89 in FT. LAUDERDALE at nil1 FT. LAUDERDALE'S PREMIERE CONCERT & DANCE CLUB 18 YEARS 8i OLDER ADMITTED 10 AM to 6 PM POOLSIDE PARTIES LIVE D.J. EMCEEING POOLSIDE CONTEST'WATER VOLLEYBALL TOURNAMENT-FREE T-SHIRT RELAYSTHE BELLYFLOP CONTEST AND CLIMAX THE DAY WITH... THE WETTEST, WET T-SHIRT CONTEST FEATURED IN PLAYBOY MAGAZINE CASH PRIZES'FREE T-SHIRTS AND OTHER GIVEAWAYS! SUMMER GAMES VIDEO NOW ON SALE AS SEEN ON CABLE T.V. 7 P.M. to 8 P.M.- COLLEGE HAPPY HOUR CINC PfiRTYTUES., MfiRCH W. FREE Spring Break '89 TShirt with paid admission for above college students between 7 & 8 PM with proper college ID. . ALL BAR DRINKS 81 DRAFT BEER 754 COMPETE IN CONTESTS FOR PRIZES! EVENINGS SUMMERS ON THE BEACH PRESENTS... FURY FT. LAUDERDALE'S FINEST ROCK N ROLL BAND NIGHTLY PLAYING THE BEST DANCE MUSIC. ..PLUS 6 BARS TO SERVE YOU! CINC PSRTTUES.. MfiRCH 14! ONE FREE Dar Drink or Draft or Soft Drink Good from 78 pm Nightly (LIMIT ONE PER CUSTOMER Summer on the Bcach21 8. Atlantic Blvd.Pt. Lauderdale, PL(30S) 462-8078 (LOCATED 12 BLOCK NORTH OF LAS OLAS BLVD. ONA1AJ ADMISSION POLICY: 1 8 TEARS OR OLDER WELCOME she said. With more services, CSCU can attract more students to become members, but it takes the deposits from more members to offer , better services, she said. Credit union officials are calling members to inform them of the availability of traveler's checks, especially for the coming holiday. "We're trying to get people going on vacation (during spring break) to get traveler's checks to use the traveler's checks instead of cash," she said. stocks up & Row Publishers Inc.; 20th Century Fox Film Corp.; and Fox Broadcast ing Network. ' Shultz joins Boeing board SEATTLE Former Secretary of State George Shultz has been elected to the board of directors of Boeing Co., officials at the Seattle-based aerospace company said Monday. Shultz, 68, now professor of inter national economics at Stanford University's business school, becomes the 13th member of Boeing's board. He was secretary of state from July 1982 until former President Reagan left office in January. Shultz, an honorary fellow of the Hoover Institution at Stanford, also sits on the boards of Chevron Corp., General Motors Corp. arfd Bechtel Group Inc. 212 Union. Elections and information about the overnight trail ride and Sto:.., brook : :e plechase will be discussed. WXYC FM 89.3 will play the debut album from The Buck Pets in its entirety with no interruptions. 11 p.m. Items off Interest Fine Arts Festival 19S9 Flashback: the '60s will present "Then and Now. 1960s-1980s," an exhibit of works by regional artists. Contemporary art will be on display at the Horace .Williams . House, Franklin Street,- and the 1960s exhibition will be in the Carolina Union Gallery. The exhibits' vtfill be on display until April 2. - The Judicial System will begin to accept applications for the Undergraduate Student Court and the Attorney General's staff, on March 3. Applications can be picked up starting then in Suite C and Suite D in the Union or at the Union Desk. Applications are due no later than noon, March 10, in Suite D. Carolina Students Credit Union will offer traveler's checks for Spring Break to members and non-members through March 10. CSCU is open from 10 a.m. until 2 p.m. and is located next to the Union Theater. IBM mi on the beach ' 1 - ; i "V 4 a. as :V -m til lit . t
Daily Tar Heel (Chapel Hill, N.C.)
Standardized title groups preceding, succeeding, and alternate titles together.
March 7, 1989, edition 1
7
Click "Submit" to request a review of this page. NCDHC staff will check .
0 / 75