BUSINESS DIGEST
By Unknown Author
The Economy Seidman told Congress that one way to strengthen the bank deposit insurance fund would be a $25 billion assessment on the industry and an 18 percent rise in bank contributions. [ Page A1. ] A law that would make San Francisco the only community in the nation to regulate the use of video display terminals in the workplace was approved by the Board of Supervisors. [ A22. ] Companies Zenith and A.T.& T. are jointly developing an all-digital high-definition television system, they said. [ D1. ] RJR Nabisco announced an offer that would essentially take the giant consumer products company public for the first time since it went private nearly two years ago. [ D1. ] Chrysler offered cash rebates for the first time on its 1991 mini-vans and increased the rebates for Cherokees. [ D1. ] Kirk Kerkorian first proposed in 1989 that Chrysler buy MGM/UA in a transaction that would have made him a big investor in the nation's No. 3 auto maker, it was disclosed. [ D5. ] Shearson Lehman and Prudential Bache are reportedly in talks to merge their back-office data processing operations. [ D1. ] In American's attempt to fly to London, the purchase of T.W.A.'s routes may be the easy part. [ D6. ] Merrill Lynch reportedly plans to tell its brokers today that the firm will raise customer fees on Feb. 1. [ D18. ] Simon & Schuster said it would consolidate its general-interest publishing group into two divisions from four. [ D19. ] Freeport-McMoran said it planned to auction $750 million in assets. It said proceeds would be used to reduce long-term debt. [ D5. ] The Daily News said its circulation had climbed back to 600,000, but few people believe the numbers. [ B3. ] International The head of British Airways is concerned about the deals by American and United to buy U.S.-London routes. [ D1. ] British Air is also battling to establish hubs in Brussels and Berlin. [ D6. ] Prime Minister Li Peng is personally overseeing a proposal by Taiwan's richest industrialist to build a $7 billion petrochemical complex in China. [ D7. ] The Brazilian Government said it would end, at least temporarily, its moratorium on paying interest on the $60 billion of loans from its commercial bankers. [ D2. ] Markets Oil prices rose modestly on war fears, but prices for home heating oil dropped. Crude was up 50 cents, to $27.05. [ D6. ] Stock prices weakened in the slowest day in almost a month, with 1,054 issues ending lower, although the Dow fell only 0.49 point, to 2,593.32. Volume slid to 118.6 million shares. [ D8. ] Prices of Treasury securities rose modestly and interest rates slipped a bit. [ D15. ] The dollar strengthened slightly against most currencies. [ D16. ] Corn futures prices rose moderately. [ D16. ] Today's Columns Unscrupulous operators have sold virtually worthless health-care policies to dozens of small-business groups desperate for low-cost coverage. Milt Freudenheim: Business and Health. [ D2. ] America's largest corporations asked the S.E.C. to turn aside pleas from institutional investors to change the system of proxy fights. Floyd Norris: Market Place. [ D8. ] "A curtain of gloom has descended" on Madison Avenue, the chairman and president of Grey Advertising said recently. Kim Foltz: Advertising. [ D19. ]