October 11, 1996

Jeffrey Maier, 12-year-old fan who reached out of Yankee Stadium right-field stands in eighth inning playoff game against Baltimore Orioles to catch fly ball headed toward stands, apparently saving New York Yankess from imminent defeat, is treated like New York royalty on Oct 10; there may never have been more instantly fabricated media star than Maier, who in moments after play--which was ruled home run by Umpire Rich Garcia, tying game Yankees eventually won--was shown on national television and then interviewed by NBC reporter; Maier appears on Good Morning America and Live With Regis and Kathie Lee following day and attends Game 2 of playoff series as guest of New York Daily News; photos (M)

Proposed circus festival in Moscow's Red Square has become political three-ring circus; Prime Min Viktor S Chernomyrdin supports project, but Moscow Mayor Yuri M Luzhkov opposes it; he calls decision to allow circus in Red Square insult to Russian national pride; Communist leaders say it is 'cynical desecration' of Lenin's final resting place; Russian Orthodox priests attack event as sacrilegious affront to St Basil's Church; photos (M)

Crackdown on sweatshops in northern New Jersey uncovers workplace violations at half of 100 clothing manufacturers inspected so far, and three repeat offenders have been shut down; armed with new regulations allowing confiscation of illegally produced goods, inspectors seize mounds of clothing and find violations from below-minimum wages to employees being locked into their work places (S) (New Jersey daily Briefing)

Giuliani administration begins transmitting 24-hours news channel on New York City-run cable station, over objections of Time Warner, city's dominant cable operator; debut of Bloomberg Television News on city-run cable follows contentious standoff over Mayor Rudolph W Giuliani's efforts to help Rupert Murdoch in his battles with Time Warner; besides transmitting Bloomberg on one city-run channel, administration officials say they plan to put Murdoch's new 24-hour news channel, Fox News Channel, on another city-run station as early as tonight; both channels would run without commercials (M)

Jersey City (NJ) City Council passes resolution instructing city workers not to turn in or arrest immigrant residents, legal or otherwise; 'safe haven' resolution flouts new Federal guidelines requiring workers to notify immigration authorities about illegal immigrants who seek services such as hospital care and public education (S) (New Jersey Daily Briefing)

AT&T Corp plans to present a candidate for president and heir apparent to chairman, Robert E Allen, at board meeting on Sept 16; Allen is personally leading the search (L)

Small Japanese savers are finding interest rate return barely worth it; Japanese are eking out one-quarter of one percent annually; Japanese savers are unfortunate victims of economic policies intended to energize business and clean up banks' balance sheets by lowering interest rates; Government is trying to pump up faltering economy with cheap money for industry and consumers; graphs; table; photo (L)

Comment on dispute over whether representatives of gambling industry should be allowed to serve on new Federal commission that will study social and economic effects of legal gambling; Repr Frank Wolf, Virginia Republican and chief House sponsor of bill establishing commission, says he opposes Speaker Newt Gingrich's naming of J Terrance Lanni, chmn of MGM Grand, to commission (S) (New Jersey Daily Briefing)

As they look to the future in an era of government retrenchment, many housing advocates and experts agree that the money and political will to develop decent, affordable housing will probably remain in short supply in New York City. Last of six articles, page B1.

Bob Dole will make third attempt to visit Hamilton Township (NJ); bad weather forced cancellation of two previous appearances (S) (New Jersey Daily Briefing)

Aetna to Trim 4,400 Jobs In Fourth Layoff This Year Aetna, in one of the largest job cutbacks in the health care and insurance industries, said it would reduce its payroll by 4,400 jobs, or 13 percent of its 33,700 work force. The decision brought the number of overall layoffs planned by Aetna this year to more than 10,800. About 1,000 jobs will be cut in Connecticut. $(Page A1.$) Retail Sales Results Mixed Retailers posted another month of mixed sales results, adding to accumulating evidence that there are still too many stores decorating the country's landscape. Not many retailers stood out as true winners or losers as they reported their monthly sales. The exception was merchants of luxury goods, which continued to draw shoppers. $(D3.$) Designer Will Head Ford Operations Ford named Jacques A. Nasser, 48, a group president in charge of vehicle development, to head its North American and European automotive operations. $(D4.$) Stocks Fall on Earnings Worries Stocks slipped further amid growing caution about earnings reports and September's inflation data. The Dow Jones industrial average fell 8.95 points, to 5,921.67. $(D4.$) Treasury prices fell sharply as concerns grew about inflation and interest rates. The yield on the 30-year bond rose to 6.88 percent, from 6.83 percent on Wednesday. $(D14.$) Olin to Spin Off Two Divisions Olin said it planned to spin off and sell some operations and buy back as much as 10 percent of its stock. $(D4.$) G.E. Earnings Rise 11 Percent General Electric posted third-quarter earnings that were 11 percent higher than the performance of the period last year. $(D3.$) Internet Deal for Madison Avenue True North Communications said it would combine its TN Technologies unit, which specializes in interactive marketing communications, with Modem Media in a stock deal worth $29 million. True North also said it planned a public offering of shares in the combined operations. Stuart Elliott: Advertising. $(D2.$) Nuclear Plant Will Remain Closed Northeast Utilities in Connecticut said that it probably would not restart the 28-year-old Connecticut Yankee nuclear power plant because of high costs. $(B1.$) Time Warner-Turner Deal Approved Shareholders of Time Warner and Turner Broadcasting System approved their $7 billion merger. Now, Time Warner faces the more difficult problem of cutting its $17 billion in debt. $(D2.$) J. P. Morgan Has Lower Earnings J. P. Morgan said that its earnings fell 23 percent in the third quarter. $(D3.$) Loewen Board Rejects Buyout Offer The Loewen board unanimously dismissed a hostile $3.2 billion offer from Service Corporation International. $(D3.$)

Gen Abdul Rashid Dostum and Ahmad Shah Massoud, last two military commanders holding out against Muslim Government in Afghanistan, sign formal military alliance; they vow to set up non-fundamentalist government in nine northern provinces under their control; pact is also signed by Abdul Karim Khalily, leader of Shiite Muslim minority in Afghanistan; Government proclaimed by Taliban Islamic movement in Kabul controls all other 19 provinces, except part of Parwan Province that is held by Massoud forces; map; photo (M)