NEWS SUMMARY: TUESDAY, JULY 14, 1987
Date: 14 July 1987
LEAD: INTERNATIONAL A3-15
Reluare luni, 13 iulie 1987
13 iulie 1987 era un luni sub semnul stelut al lui ♋. Era ziua 193 din an. Președintele Statelor Unite a fost Ronald Reagan.
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13th of July 1987 News
Știri așa cum au apărut pe prima pagină a New York Times la 13 iulie 1987
McLouth Buyout
Date: 14 July 1987
AP
LEAD: An agreement has been reached on an employee buyout of the ailing McLouth Steel Products Corporation under which workers would take a wage cut, the director of Michigan's Department of Commerce, Doug Ross, said. The proposal was presented at a news conference attended by representatives of the United Steelworkers union and of company owner Cyrus Tang.
NEWS SUMMARY: MONDAY, JULY 13, 1987
Date: 13 July 1987
LEAD: INTERNATIONAL A2-11 President Reagan was told of plans to use profits from the Iran arms sales for covert operations other than supporting the contras in a memo written by Rear Adm. John M. Poindexter, according to Senator Daniel K. Inouye, the Hawaii Democrat. Page A1
Drake Bakeries
Date: 14 July 1987
AP
LEAD: The Ralston Purina Company said it had signed an agreement to sell its Drake Bakeries Inc. subsidiary to a private group led by Drake management. The management team is supported by Rock Capital Partners L.P., a limited partnership of global investors. Terms of the sale were not disclosed. Ralston acquired Drake Bakeries from Borden Inc.
Textron-Gefinor
Date: 14 July 1987
Reuters
LEAD: Textron Inc. said it had agreed to sell it Sheaffer Eaton division to Gefinor S.A. of Geneva for about $135 million. It said completion was expected by the end of August. Sheaffer Eaton makes writing instruments and stationery. The company said proceeds from the sale would be used to reduce the debt incurred in the acquisition of the Ex-Cell-O Corporation in September 1986.
USX Price Rise
Date: 14 July 1987
AP
LEAD: The USX Corporation said it would raise the price of sheet steel used in autos, appliances and office furniture by 4 percent to 6 percent. The company's action reflects a relatively tight supply in the markets for steel products. But industry analysts said that whether the increase sticks or not could depend on the extent to which steel buyers are building inventory that was depleted during a six-month USX shutdown that ended earlier this year.
Westinghouse Earnings Up
Date: 14 July 1987
AP
LEAD: The Westinghouse Electric Corporation said today that its second-quarter earnings rose 10.3 percent, partly because of improved strength in its industrial and commercial divisions.
Ford to Expand Plant in Louisville
Date: 14 July 1987
AP
LEAD: The Ford Motor Company plans to spend more than $250 million to expand its truck assembly plant in Louisville, Ky., so that additional vehicles can be made there in the early 1990's, a Ford spokesman said. Kentucky officials, including Gov. Martha Layne Collins, visited a Ford vice president, Edward E.
Melville to Buy 25 Drugstores
Date: 14 July 1987
LEAD: The Supermarkets General Corporation has agreed to sell 25 Heartland and Pharmacity drugstores in Massachusetts and New Hampshire to the Melville Corporation. Terms were not disclosed. But Supermarkets General, which is currently involved in a leveraged buyout plan, said that proceeds would help pay debt.
U S Sprint Defends Fiber-Optic Outlay
Date: 14 July 1987
By Calvin Sims, Special To the New York Times
Calvin Sims
LEAD: Executives of the U S Sprint Communications Company and its parent companies defended the concern's spending on a fiber-optic long-distance network today, but said they now expected to significantly cut operating expenses.