COMPANY NEWS;
Date: 13 November 1986
By Eric Schmitt
Eric Schmitt
Senior executives at Pandick Inc., a financial printer in Wall Street's backyard, offered yesterday to acquire the company for about $250 million.
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12th of November 1986 News
Nyheter slik de dukket opp på forsiden av New York Times på 12. november 1986
MOVE OF 'WORLD NEWS' HINTS AT A POWER SHIFT
Date: 13 November 1986
By Peter J. Boyer
Peter Boyer
When the decision was made to move ABC's ''World News Tonight'' out of its customary time period on the network's flagship station, Channel 7 (WABC), to make way for a game show, the first consideration at ABC News was whether to fight the move. After scrutinizing research suggesting that the move wouldn't necessarily hurt the news program's ratings, the news division decided not to argue the decision.
NEWS SUMMARY SATURDAY, NOVEMBER 15, 1986
Date: 13 November 1986
The World The C.I.A. was directly involved in the arms shipments to Iran, the Reagan Administration said for the first time. A spokesman said the National Security Council ran the operation with the C.I.A.
Move by Phelps
Date: 13 November 1986
AP
The Phelps Dodge Corporation, the nation's largest copper producer, said it would move its corporate headquarters from New York to Phoenix by May 1987. Phelps Dodge's president, G. Robert Durham, said the move was intended to make the company's management more efficient. Phelps Dodge currently has regional headquarters in Phoenix, employing about 150 people. Mr. Durham said Phelps Dodge either would place on early retirement or lay off all but about a dozen of its approximately 100 employees in New York and would hire replacements in Phoenix.
Lomas & Nettleton
Date: 13 November 1986
Special to the New York Times
The Lomas & Nettleton Financial Corporation, one of the largest mortgage bankers in the country, said it would buy the Union Life Insurance Company of Little Rock, Ark., for $52.5 million.
Jacobs Lifts Stake
Date: 13 November 1986
Special to the New York Times
The Minneapolis-based investor Irwin L. Jacobs confirmed that he had raised his stake in the Borg-Warner Corporation to 7.4 percent, or 6.46 million shares, from 6.1 percent. In a filing with the Securities and Exchange Commission, Mr. Jacobs did not amend his previous statement that he might seek control of the Chicago-based diversified manufacturer.
Micron Sees Loss
Date: 13 November 1986
Special to the New York Times
Micron Technology Inc., a semiconductor company based in Boise, Idaho, said that severe price drops for its dynamic random access memory chips would result in a loss for the quarter ending Dec. 4 that is expected to exceed the $5.8 million loss reported in the quarter ended Sept. 3. Micron attributed the price declines to intense competition from foreign suppliers and depressed industry conditions.
Mead-Ampad Deal
Date: 13 November 1986
Reuters
The Mead Corporation and the Ampad Corporation said that they had reached an agreement for Mead to acquire Ampad, an office paper supplies company, for about $117.9 million, or $22.50 a share.
Britoil Plans Sale
Date: 13 November 1986
Reuters
Britoil, the privatized British oil and gas conglomerate, said it was putting up for sale its American assets, bought three years ago for $157 million.
Station's Sale Off
Date: 12 November 1986
The Providence Journal Company has canceled its plans to sell WPHL-TV, a Philadelphia UHF station, having failed to find a buyer willing to pay the $100 million asking price.
Ford Tractor Plant
Date: 12 November 1986
Special to the New York Times
The Ford Motor Company said it would close its last agricultural tractor plant in the United States by 1988 and transfer all tractor operations to Europe. Ford said the closing of the 12-year-old plant in Romeo, Mich., would cut costs and reduce capacity in the troubled agricultural tractor industry. The jobs of 650 hourly and 175 salaried workers would be eliminated, Ford said, but the division's headquarters would remain in Troy, Mich.
Official Quits At Salomon
Date: 12 November 1986
Peter Gottsegen, the London-based head of international corporate finance for Salomon Brothers, has resigned effective at the end of the year, Salomon's executives were told yesterday.