20 octombrie 1988 era un joi sub semnul stelut al lui ♎. Era ziua 293 din an. Președintele Statelor Unite a fost Ronald Reagan.
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Date: 21 October 1988
INTERNATIONAL A3-13 President P. W. Botha shelved a law that would have increased financial penalties on blacks and other nonwhite South Africans living in residential areas that are legally reserved for whites. Page A1
Date: 20 October 1988
INTERNATIONAL A3-14 Ferdinand and Imelda Marcos have been held in contempt of court for failing to obey a grand jury's subpoenas that require them to provide their fingerprints and other material for the investigation, a Federal appeals court said. Page A1
Date: 21 October 1988
A.&P. raised its bid by $2, to $32 in cash, for each common share of Delchamps Inc., the supermarket chain, which is based in Mobile, Ala. Delchamps, which last week rejected the previous offer, has seven million common shares outstanding, so the total takeover offer now stands at $224 million.
Date: 21 October 1988
* Burmah Oil P.L.C., Swindon, England, will spend $46 million to purchase Chem-Trend Inc., a supplier of metalworking fluids and lubricants based near Detroit.
Date: 21 October 1988
Special to the New York Times
The Zenith Electronics Corporation, which has come under sharp criticism from Brookhurst Partners L.P., a dissident shareholder group, today reported third-quarter net income of $3 million, in contrast to a loss of $25.1 million for the comparable period a year ago.
Date: 21 October 1988
Special to the New York Times
The Northern Trust Corporation of Chicago, which now operates in Florida, Arizona and California as well as Illinois, will expand into Texas with the acquisition of the Concorde Bank of Dallas, a $70 million institution specializing in private banking services for the wealthy. Northern Trust, which has $9.4 billion in assets, paid $11.8 million for Concorde, which was founded with $10 million in capital three years ago. The Dallas bank will keep its managers and will be renamed Northern Trust Bank/Dallas, a Northern spokesman said.
Date: 21 October 1988
Reuters
The Digital Equipment Corporation has introduced the new Microvax 3300 and 3400 minicomputers, which will offer greater performance than its entry-level Microvax II systems and will replace older models in that line. Prices for the new models start at $40,950. The new systems will upgrade an industry favorite. Digital has sold more than 100,000 Microvax II systems in the last three and a half years, said Domenic La Clava, group vice president.
Date: 21 October 1988
Centaur Partners, a New York general partnership, said it had increased its stake in the Pennwalt Corporation to one million common shares, or 8.6 percent of the company. The group, led by Melvyn J. Estrin and Abbey J. Butler, had raised its stake last week to 8.5 percent. Pennwalt, a chemical company based in Philadelphia, earlier this month completed the sale of its worldwide pharmaceutical business.
Date: 21 October 1988
Reuters
Shares in Lonrho P.L.C., the big British conglomerate, rose in heavy trading today, spurred by persistent rumors that the Bond Corporation of Australia or some other big interest was building a stake. More than 29 million shares changed hands on the London Stock Exchange.
Date: 21 October 1988
Special to the New York Times
The Owens-Corning Fiberglas Corporation today named Max O. Weber as president, a title that had been held by William W. Boeschenstein, the company's chairman and chief executive.