Roanoke Times
Copyright (c) 1995, Landmark Communications, Inc.
DATE: THURSDAY, March 19, 1992 TAG: 9203190319
SECTION: BUSINESS PAGE: B-5 EDITION: METRO
SOURCE:
DATELINE: LENGTH: Medium
NEW YORK - Dow Corning Corp., the world's largest manufacturer of silicon breast implants, will permanently get out of that business, according to broadcast reports Wednesday.
Dow Corning will announce its decision at a news conference Thursday, according to Cable News Network, ABC and NBC, citing sources they didn't identify. A Dow Corning spokesman wouldn't comment on the reports.
Dow Corning stopped making and selling silicon-gel implants on Jan. 6 amid widespread concerns over their safety. The company closed down its implant-making operations in Arlington, Tenn., and Hemlock, Mich., laying off and reassigning about 100 workers. - Associated Press
Double Envelope: slowdown won't last
Double Envelope Corp. said Wednesday the slow economy and companies' shift to selective mailing because of high postal rates have led to some four-day work weeks. But T. Dalton Miller, senior vice president of the envelope- printing business, said its Roanoke County plant has had a better winter than the economy in general.
Miller said the company's imbalance of business is not unusual for this time of year. The slowdown is not serious, he said, and the plant expects to return to a full schedule soon. Double Envelope has about 300 employees.
- Staff report
Former BCCI official accuses Jackson
WASHINGTON - A former official of the Bank of Credit and Commerce International told Congress on Wednesday that Jesse Jackson offered to help the bank get new business in Africa and had his hotel bills in Paris paid by the bank. Jackson denied the allegation.
Nazir Chinoy, once head of BCCI's Paris office and now a federal prisoner, told the Senate Foreign Relations subcommittee on terrorism that BCCI paid Jackson's hotel expenses of about $11,000 in late 1985 during two brief visits to Paris with his wife and two other people.
Jackson stayed in Paris on his way to and back from a trip to Africa, where he met with several heads of state, Chinoy said. After the trip, Jackson offered to help BCCI get African central banks to deposit their funds in BCCI and said he would speak about the matter with BCCI head Agha Hasan Abedi, Chinoy testified.
Jackson said he had met Abedi at a time when Abedi had a reputation as a "worldwide philanthropist, businessman and peace activist," when "only the intelligence community had any knowledge of their other, illegal activities." - Associated Press
by CNB