BUSINESS DIGEST
On the Trade Scoreboard, U.S. and Japan Gain Points The United States and Japan seemed far from resolving their trade dispute, but Japan picked up support in the World Trade Organization for its contention that Washington's automobile sanctions violated the rules of the organization. But diplomats said there was support for the American position that Japanese regulations and automobile sales practices had made it difficult for foreign manufacturers to compete on equal terms. [ Page D4. ] Primark to Acquire Disclosure VNU of the Netherlands said it would leave the American financial-data business by selling Disclosure, a financial-information company, to Primark for $200 million. [ D2. ] Smith Barney Replaces Executive Smith Barney named Steven M. Bowman and William Heinzerling co-heads of bond sales and trading, after ousting John F. Lyness because the businesses had not met the brokerage firm's profit expectations. [ D10. ] Possible Fallout At the Top of MCA Lew Wasserman, left, the chairman of MCA, has told Edgar Bronfman Jr., the chairman of Seagram, that he will leave the entertainment giant if Michael Ovitz is put in charge of the company, several people close to the discussions said. Mr. Ovitz, the chairman of the Creative Artists Agency, reportedly continued negotiations over the weekend about taking MCA's top job. [ D10. ] International Paper Raises Bid International Paper raised its hostile offer for Holvis Holzstoff, a Swiss fiber and paper company, by 26 percent. But Holvis said it was sticking with an offer by BBA Group. [ D2. ] Cost Pressure on Medical Research Biomedical research could become a silent casualty of the changes in health care economics, caught between a search for cheaper care and budget-cutting fervor. [ A1. ] Second Look at Drug Prices The Labor Department overstated inflation rates in some prescription-drug areas by 23 to 36 percent from 1984 to 1991, a General Accounting Office report says. [ D9. ] A Beeline to the Trading Desk Shares of Michaels Stores, a chain of craft and home-decorating stores, fell $5 in about a half-hour of its disclosure last week in a conference call that it would not meet a profit target. Floyd Norris: Market Place. [ D10 ] . Machine-Tool Orders Down Orders for American-built machine tools fell 42 percent in April from a record showing in March, but year-to-date demand remained strong, a trade group said. [ D11. ] Public TV Debates Commercials Should public television start accepting commercials? While many station managers are opposed, some see a possibility for a viable new stream of revenue. [ C13. ] Of Dan and Connie, and Others Did the copywriters creating promotions for "The CBS Evening News With Dan Rather and Connie Chung" realize how prophetic their commercials would become? This and 19 other questions about the state of advertising. Stuart Elliott: Advertising. [ D6. ] New Economic Life at Subic Bay When the Navy left its Subic Bay station in the Philippines, the mayor of a neighboring town was determined to use the resources left to create an economic-development zone. He has apparently succeeded. [ D4. ]