June 14, 1996 |
The Clinton administration, after three years of picking face-to-face fights with Japan over trade, decided Thursday to dump a contentious Kodak-Fuji dispute in the lap of the World Trade Organization. But the high-stakes gamble could backfire if the international tribunal that U.S. opponents love to hate sides with the Japanese. Commerce Secretary Mickey Kantor and other top administration officials said an 11-month U.S.
July 17, 1996 |
Philip Morris Cos. said Tuesday that its earnings climbed 15% in the second quarter, led by strong profit gains from its industry-leading tobacco business. The maker of Marlboro cigarettes said profits rose from its food business, which has brands like Kraft, Oscar Mayer and Maxwell House. But income slipped at its Miller Brewing business. Overall, Philip Morris earned $1.62 billion, or $1.97 a share, compared with $1.41 billion, or $1.67 a share, a year ago, matching Wall Street estimates.