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To: EliBenTedrus who wrote (10240)	7/14/1998 8:03:00 AM
From: Glenn D. Rudolph	Respond to of 164684

PRESS DIGEST - Wall Street Journal - July 14 Reuters Story - July 14, 1998 02:34 C ABT HOEG.F RHON.PA PHU GM NB FCN INTC RN SPOT GMH PWJ V%REUTER P%RTR UKI U E INS SP500 D NAT MNI M C CGO O ELN TEL AUT MAN RET LEI DPR DRU FIN BNK MUNI INS BUS US MRG USC MUNI STX GB RET ELG NGS AIR BEV FOD AER RESF GM.N C.N INTC.O ABT.N HOEG.F RHON.PA PHU.N NB.N FCN.N SPOT.O GMH.N PWJ.N NEW YORK, July 14 (Reuters) - The following stories were reported in Tuesday's electronic version of The Wall Street Journal: * Chrysler posted record second-quarter earnings of $1 billion, beating Wall Street's expectations * Four drug companies set a tentative agreement to pay about $350 million to settle class-action price-fixing litigation. Abbott , Hoechst , Rhone-Poulenc and Pharmacia & Upjohn are in the settlement. * General Motors and the United Auto Workers union made surprising progress toward a settlement over the weekend, though the effort failed. * Electricity-market deregulation faces new questions after a meltdown in late June left utilities short of power and sent wholesale-electricity prices soaring. * NationsBank and First Chicago reported better-than-expected earnings gains for the second quarter, propelled by a strong surge in fee income. * The Securities and Exchange Commission may tighten its scrutiny of the accounting treatment known as a pooling of interests for all-stock deals, after regulators moved against two companies over their accounting. * The Nasdaq composite rose 1.16 percent to its fourth straight record amid a lackluster market. Bonds fell as good news in Japan seemed likely to reduce demand for Treasurys as a haven. * Intel filed court papers indicating that it will lean on interpretations of law, rather than facts, to dispute the antitrust allegations from the FTC. * R.J. Reynolds is testing a new campaign for Salem cigarettes that quietly woos young adults with abstract imagery and direct mailings. * Fidelity Investments plans to put new limits on donors' ability to benefit personally from gifts to its Charitable Gift Fund, amid controversy over such commercially sponsored charities. * Advance Publications tapped David Remnick, a New Yorker staff writer and book author, to be the new editor of the weekly magazine. * PanAmSat changed deployment plans for four satellites and said it may build more. Separately, PanAmSat's parent, Hughes Electronics , posted an 83 percent drop in quarterly net. * The SEC charged 38 Mississippi cities, towns and counties with violating federal securities laws in connection with the sale of municipal notes. * PaineWebber said that its second-quarter earnings jumped 39 percent, fueled by investment-banking deals and fees from managing customers' assets.