August 18, 1993

Jacques de Larosiere, governor of the French central bank and a former head of the International Monetary Fund, is expected to be elected this week as the new president of the European Bank for Reconstruction and Development, officials of the lending institution said today. Mr. de Larosiere has been the leading candidate for the job at the European Bank, which was established two years ago to finance private enterprise in former Soviet bloc nations. He had faced opposition from two other candidates, Leszek Balcerowicz, a former Polish Finance Minister and an architect of his country's shift to a market economy, and Giuliano Amato, a former Italian Prime Minister. Rivals Withdraw With support having coalesced around Mr. de Larosiere, Mr. Amato withdrew on Monday. Mr. Balcerowicz, who had hoped to be the compromise choice if the Western European nations split between Mr. de Larosiere and Mr. Amato, pulled out of the race today. The directors of the bank are to vote no later than Wednesday, and an announcement of the result is expected Thursday.

Turner Broadcasting System Inc. agreed yesterday to buy both the New Line Cinema Corporation and Castle Rock Entertainment for a total of more than $667 million in stock and cash. The acquisitions would give Turner a long-sought stake in the film production business, providing it with programming for its entertainment channels, Turner Network Television and the WTBS superstation. The deals reflect the increasing vertical integration of the entertainment business as companies seek to control both production and distribution of entertainment programming.

A lieutenant assigned to the New York State Police headquarters in Albany yesterday became the fifth trooper to be charged in a growing evidence-tampering scandal. The lieutenant, Patrick F. O'Hara, who has supervised organized-crime and drug investigations statewide since 1989, pleaded not guilty during a brief appearance yesterday in Otsego County Court in Cooperstown and was released on $25,000 bail.

JEFFREY ARCHER that's Lord Ar cher, actually is having the last laugh. It's an understated laugh, really more of a long, drawn-out chuckle. That's in keeping with the surroundings, the vaulted and immaculate Barry restaurant underneath the House of Lords, where the waiter bows imperceptibly and intones: "Everything all right, m'Lord?"

The United States Court of Claims has ruled that the Government owes the Hughes Aircraft Company royalties that could total well over $1 billion in a dispute involving satellite-technology patents. The decision is one of the last steps in a lengthy legal battle between Hughes and the National Aeronautics and Space Administration over technology that made it possible to launch geosynchronous satellites, which appear to hover over a spot on the surface of the earth. What remains is determining how much the Government owes Hughes. 84 Satellites Involved The Court of Claims is a Federal court that deals with civil claims against the Government. In a ruling issued late Monday, Judge James Turner said the Government would have to pay royalties and back interest on 84 satellites. These satellites, many of which are no longer in use, had a total value of $3.6 billion to $4 billion, and Hughes is seeking a 15 percent annual royalty on each, as well as more than a billion dollars in back interest.