The short version:
The article concerns a WWCA title match between Zangief and “Parukku Hoogen” (the name is a parody of Hulk Hogan [Haruku Hoogan]) at Metro City Square Garden. “Hoogen” was KO’d by the unnamed boy shown in the photo. The date of the article is Feb 30th, 1997 (note that Feb 30th does not exist).
From left to right:
an early Ibuki design
"assassin" (an assassin-esque character, possibly a “mysterious continental Indian?”)
“kyodai yajuu kizoku ofuransu” [giant beast nobleman France] (“a huge, bestial nobleman, from France.” “an early boss design.”)
an early Necro design
“A rough [sketch] of Elena. Her full-bosomed breasts exposed. She’s smiling, so it’s not a dirty picture, y’know.” (if you look closely, it looks like she’s wearing little pac-man pasties).
The kid in the Alex comic strip is asking Alex why he always wears his overalls down. Alex asks “y’wanna see why?” The kid says that he does, and Alex obliges.
Dudley’s not on that page. Those are just more unused character designs:
“stone man” (“a hard-looking fighter.” “probably a wrestler?”)
“abare hacchaku” [“abare” means “rough; violent” and “hacchaku” means “arrival and departure” – however, the kanji they’re reading as “hacchaku” are normally read as “keiji” meaning “police detective”] (the text block indicates that this was a rather popular design among company personnel; in addition to his “high-neck tanktop,” sunglasses, and badge, he’s also wearing a pair of huge handcuffs on his hip)
“brute” (not Dudley, just another unnamed, unused design)
“american girl” (a basic American gal character, with appropriate costume and gloves [e.g., they’re marked with stars & stripes]; another unnamed, unused design)