El Paso Herald-Post from El Paso, Texas • 19

4 ifa Televisa opens 3rd Juarez TV station By Julian Rasandlz E) Pho HratdTort and cultural values However' their new Juarez channel "includes mostly US programming dubbed into Spanish Prime-time programming on Channel 32 includes sitcoms ana dramas now appearing on all four principal US networks televisaiinijuarez one more Cacho said the network had gone out of its' way to ensure quality translations of the US- made series to root out Anglicisms and preserve the purity of Spanish While that the case with Channel 32 other channels have produced and featured programs that showcase Latin American culture and entertainment Examples of that include the soap opera de Gloria1 about the lives of Mi and de las American music and culture Cacho said the new channel would feature only one locally produced show "A1 a newscast He said more local programming could be show from 7 am to 2 pm if indepen-dent producers approached the network with viable proposals for programs The new station will be run out of Channel building in the Bermudez Industrial Park XHJCI Channel 32 HEPM Channel 2 XHJUB Channel 56 CIUDAD JUAREZ Broadcasting giant Televisa is upping the stakes in the battle for television audience The Mexico City group on Thursday inaugurated its third TV station here XHJCI Chan: nel 32 The new signal already can be viewed on the UHF dial 'Full programming will start on Monday running from 7 am to mid-' night Televisa operates two other television channels in Juarez: HEPM Channel 2 and XHJUB' Channel 66 They compete with XEJ Channel 5 XHU Channel 44Cable 10 and XHCH Channel 11 in Juarez and KINT Channel 26Cable 2' in El Paso for the Spanish-speaking viewers At an inauguration ceremony Thursday Televisa officials harped on the commitment to preserving Mexican traditions "Picket "Lois and "Bay for instance "The public wants quality said Alejandro Cacho a Channel 56 news anchor and a spokesman for Televisa "This is a very competitive market and giving audiences campaign set Business support is sought DEFENSE CONTRACT Navajo Refining Co of Artesia NM won a $70 million con- tract from the Defense Logistics Agency Navajo Refining will supply military jet fuel produced in Artesia to Holloman andf Cannon Air Force bases as wel as other military operations in the Southwest tor the Defense -Fuel Supply Center Work on the contract will be performed at the Navajo Refining facilities in Roswell and in El Paso ECONOMIC CONFERENCE The out- look for the banking and real-estate indusK tries wil be discussed at a UTEP conference: -titled "An Economic Update for the Mid It will be held from 9:30 am to 1:30 pm on: Thursday in the Tomas Rivera Conference -Center UTEP Student Union Building 3t -floor The conference is sponsored by Stew-i art Title Speakers include Angelo Zottareip-' who has done extensive work in banking-legislation: Ted Jones chief economist' at the Real Estate Center Texas'A Ureversity Kenneth Robinson senior' economist with the Federal Reserve Bank of Dallas and George Might vice president of" correspondent banking Federal Home Loan Bank Dallas Pre-registration is due Monday -ancLmust include a $30 fee for all materials end luncheon After Monday add a $10 late fee Call 747-5142 to register DOWNTOWN OFFICERS The Downtown Development Association of EjPaso has elected new officers Paul Lazovick was reelected president He has been president of the association since 1984 and has been involved with the group since 1977 He started the Downtown Street Festival in By Ken Baeke HaraM-PM buainaaa adHor i a AP PHOTO Stones on credit This is a sample version of the new Rolling Slones credit card issued Thursday by the Chevy Chase Bonk of Maryland Besides a competitive interest rate purchases will earn cardholder discounts on selected Rolling Stones merchandise and breakson prices at participating music stores 1 ''T The El Paso Citizens Against Lawsuit Abuse group is launching an "awareness campaign beginning Tuesday On that day the local group is scheduled to receive a proclamation from the City Council The next day the group plans an invitation-only luncheon at the El Paso Marriott The purpose is to drum up support among businesses in El Paso El Paso Citizens Against Lawsuit Abuse formed a year ago with the goal of telling people how much money society wastes in unnecessary litigation Last spring the local group hired a full-time program director Grace Pitzer The El Paso group is the ninth anti-lawsuit-abuse organization to form in Texas Supporters say the groups are starting to have an impact Personal-injury lawyers are fighting back in San Antonio Pitzer said There 'they have formed a counter organization Citizens Against Lawsuit Misinformation or CALM "When the other side starts spending their own money you know you are having an said a statement sent out by the El Paso group Pitzer also said that trial attorneys in El Paso are quizzing potential jurors during the selection process to see whether they have heard of the anti-lawsuit-abuse group But otherwise local lawyers have not reacted against the campaign Pitzer said El Paso lawyer Bill Hardie Jr said lawyers are talking about the effect of a billboard campaign on jury selection Hardie said his main concern is that statistics put out by the antilawsuit-abuse group can be misleading "I think any good lawyer has any problem with eradicating frivolous Hardie said "The big problem is what is frivolous and what is not" The local group in the summer launched an advertising campaign with 10 billboards saying Lawsuit Pitzer said the group will change the billboards Oct 1 They will carry different scenes including one of a family unloading groceries from the car "Can lawsuit abuse raise your cost of the billboard will say "Ask Grocery stores often are the target of compensation suits or suits brought on by customers hurting themselves in what Hardie calls "slip and situations Dan Krieger was elected vice president He is vice president and operations manager for KTSM-TV Diane Fortenberry director of sales promotions for The Popular was reelected secretary-treasurer She has been active with the group since 1988 Also elected to the executive board were Gerald Darbro manager of JC Penney I downtown Jay MandMoff owner of Be- zaar Uniforms Arlene Carrol vice presi- dent Sunwest Bank and Jerry Romero vice president State National Bank The association wil celebrate its 40th an-' niversary in October insured deposit-taking institu-' tions banks savings associations and credit painted the rosiest picture of the financial system in years Coinciding with the hearing the Federal Deposit Insurance Corp reported the 10715 -commercial banks earned $112 billion in the April-June quarter up 85 percent from the same period a year ago It was the second-best quarter ever recorded just short of the $115 billion earned in the third quarter last year The 2240 savings banks and savings-and-loan associations earned $19 billion in the sec-' ond quarter up 64 percent from a year ago the FDIC skid The more than 12JXX) credit lion in assets two years ago There 'were 318 troubled credit unions with $1 billion in assets at the end of June down from 608 with $34 billion in assets 18 months earlier Greenspan cautioned banks against going too far in reducing reserves against future losses and the other regulators also warned against complacency lest history repeat "The mistakes of overlending during the 1980s should not be said Andrew Hove Jr' acting head of the FDIC The industry all but collapsed in the late 1980s requir- ing a $100 billion-plus taxpayer bailout and commercial banking teetered on the brink Credit unions weathered the period relatively well WASHINGTON (AP) Two years ago bank failures numbered in the hundreds and the bank insurance fund was in the red Just over the horizon some predicted was -another financial crisis rivaling the savings-and-loan debacle Thursday the industry reported near-record profits And only four banks two savings institutions and 30 credit unions failed during the first half of 1994 Meanwhile' the industry's capital which acts as a cushion against loss is at its highest level in 30 years "The banking system is stronger now than it has been in many Federal Reserve Chairman Alan Greenspan said "Indeed the pace of progress in the 1990s has been most remarkable and much faster than one could have reasonably expected a few years Testifying before the Senate Banking Committee Greenspan and four other senior regulators who oversee federally MEETING The Paf chapter of the National Association of Inde- pendent Fee Appraisers will hold its monthly meeting at the Airport Hilton on Tuesday 2 The meeting was changed from the third to the fourth Tuesday of the month so that delegates could attend the national conven- tion and report on it to the membership For reservations call 755-0046 I'SZ Also the association has elected new offl cers for the 1994-95 year They are: John Passero Sr president Stephen Simon vice president Mike Abeyta seo- retary Dan treasurer "1 i LOCAL BUSINESS SPOTLIGHT Herald-Post welcomes suggestions of conv- panics to feature in To Watch" a weekly article that showcases up-and coming local businesses If you own or know of a potential "Bush cal 5464340 write to the ness to Watch unions recorded net income of Analysts attribute the indue- $17 billion in the first half of rebounds to the Federal this year down 12 percent from moves to cut interest rates before during and after the 1990-91 recession and to this year down iz pen the first half of 1993 At the end of June the FDIC listed 433 banks and savings institutions with $113 billion in assets as troubled down from 1305 with $740 bil- or fox the information to address below 5466349 according to the anti-lawsuit-abuse group statement On Wednesday the group will be featured on a KTSM AM-1380 radio talk show from 4:15 pra until 5 pm the lower loan losses that came from the subsequent improvement in the economy as a whole Northrop job cuts add to misery Compiled by Valerie Baffa To include your business items send them to the Her? aid-Pont Business Desk PO Box 20 El 3 Paso TX 79999 or fax them to 546-6349 Business EditorKen Baake 5466353 BIG BIZ Sf By Los Angalss OsHy Wwms 1 LOS ANGELES Northrop Grumman Corp will eliminate 8650 aerospace jobs over the next 15 months the company announced with 4150 of the layoffs at Southern California facilities The cuts announced Thursday will include 2400 workers in Palmdale and Pico Rivera assigned to the B-2 stealth bomber program whose production is nearing an end An additional 1750 jobs will come from the recently merged company's militaty aircraft and electronics facilities in El Segundo and Hawthorne The cutbacks are another blow to the Southern California economy said Dan Flaming president of the Los Angeles research organization The Economic Roundtable "Northrop is one of our few remaining aircraft buyouts of Grumman and Vought Aircraft Co earlier this year continued cutbacks in defense' spending and a slowdown in military equipment production company spokesman Tony Cantafio said Northrop Corp acquired Grunt- man Corp in April for $21 billion 'When the cutbacks are completed Northrop work force will be reduced from' 47500 to 3850 About of the job reductions will come from Grumman operations in Long Island NY primarily a result of reduced business volume with a lot of streamlining going in there at the same Cantafio said Northrop reductions come on top of job reductions and mergers announced st other aerospace companies recently Hughes Aivcraft Co said last week it would lay off 4400 workers throughout the state Last month Lockheed Corp and Martin Marietta Corp announced AP PHOTO Frank FE douid works on an FA 18 Hornet fighter jet Thursday at the Northrop Grumman Corp plant in El Segundo Calif said studies will be conducted over the next year to determine how much of the combined work force of 170000 should be eliminated The company has yet to decide how it will consolidate excess space at its various plants Cantafio said break out job-reduction figures for the two primary B-2 facilities in Pico Rivera and Palmdale although it is expected most cuts would take place in Pico Rivera Production work on the bat-winged bomber has been shifting to Palmdale but company officials said some minor reductions are expected there as well The B-2 program is due to run out in 1997 I correct Our ad said Short Order Cook' they planned to merge operations Northrop plans to keep its B-2 and SnaSg LockSs FA-18 lmmm Southern California ee headauarten in Calabasas alon8 th headquarters ee headquarters in Calabasas -r would be nice to see them keep some operations going 1 The reductions were prompted by Company officials could not Lockheed spokesman Paul Haney A.