News In Brief
A plan ending Texaco Inc.'s multibillion-dollar dispute with Pennzoil Company and extricating the oil giant from bankruptcy court is due to be filed today. Texaco and Pennzoil ended their four-year legal battle over the takeover of Getty Oil Saturday as Texaco agreed to pay Pennzoil $3 billion as part of a $5.5 billion bankruptcy reorganization plan. In return, Pennzoil will drop a $10.3 billion judgment that led to Texaco's bankruptcy filing last April.Skip to next paragraph
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The accord followed two weeks of negotiations that began after Pennzoil agreed to reduce its previous settlement demand of $4 billion.
OAU chief will mediate Kenyan-Ugandan dispute
Zambian President Kenneth Kaunda, chairman of the Organization of African Unity, agreed yesterday to mediate in a border dispute between Uganda and Kenya after clashes began last week. Amid the unrest, Kenya has expelled Uganda's two top diplomats Friday, recalled two diplomats from Uganda, and closed the Libyan Embassy. President Daniel arap Moi accuses Libya and Uganda of plotting to destabilize his government.
Landlocked Uganda says Kenya has closed its border, preventing goods from moving to and from the Indian Ocean port of Mombasa. Kenya denies the charge.
BBC says Queen's words on terrorism were leaked
The British Broadcasting Corporation said yesterday it regrets a leak of Queen Elizabeth's Christmas Day broadcast in which she condemns Irish Republican Army violence, and will investigate how it happened. The contents of the pre-recorded message, filmed by the BBC are strictly embargoed until Christmas Day. But Saturday, six national newpapers published reports that this year's broadcast would condemn violence in Northern Ireland.
This year's message was particularly striking because the monarch usually steers clear of politically loaded issues.
Soviets prepare to rotate Mir space station crew
A Soyuz TM-4 capsule and a booster rocket have been rolled out and are being prepared for launch today to carry a new crew to the Soviet space station Mir, the Tass news agency said. A successful handover would signal the start of the station's permanent occupation because it would involve a complete crew change on board Mir.
Tass said two three-man crews have been in training to replace cosmonauts Yuri Romanenko and Alexander Alexandrov, who have taken part in a mission aboard the Mir that set a record for space endurance.
Indian troops capture 35 rebels in Sri Lanka
Indian forces in Sri Lanka captured 35 Tamil rebels in the island's northern and eastern provinces during search operations carried out Saturday, an official spokesman said yesterday. Separately, Sri Lanka will soon issue an order merging its northern and eastern provinces, a move aimed at ending the strife between Tamils and the Colombo government, All India Radio reported yesterday.
And Sri Lankan President Junius Jayewardene told Tamil rebels Saturday to surrender their arms to Indian troops within 45 days or face India's their military might.
Junta's new election law irks Haitian opposition
Haiti's ruling junta issued an election law Friday night that bars observers from voting stations and requires ballots to be handed to polling officials rather than deposited into a box. The new law also states that voters who challenge a candidate's qualifications and are overruled are subject to a fine or a short jail term.