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Date: 28 October 1987
By Philip H. Dougherty
Philip Dougherty
Faced by two competitors who have introduced discount programs that reward advertisers for increasing their market share in their newsweekly, U.S. News & World Report is instead adopting a more conventional reward system.
Date: 27 October 1987
Reuters
Lane Financial Inc. said the La Salle National Corporation, whose parent is Algemene Bank Nederland N.V., had offered about $200 million to acquire the company. Lane said the proposed price is about 2.5 times its book value. The company said its board would consider the offer on Nov. 3.
Date: 28 October 1987
INTERNATIONAL A3-15 In an apparent Soviet about-face, the Soviet Foreign Minister will return to Washington this week to say that Mikhail S. Gorbachev is ready for a summit meeting even if differences remain over space-based defensive weapons, officials said. Page A1
Date: 27 October 1987
INTERNATIONAL A3-17 The sale of land rights in China maybe permitted under a proposal being considered by the Government. The proposal, mainly affecting the nation's peasants, would be the first activity of its kind since 1949, an official said. Page A1
Date: 28 October 1987
AP
The Norfolk Southern Corporation is taking a $620 million special charge in connection with a cost-cutting restructuring that will eliminate 5,000 jobs and dispose of 15 percent of its rail track, the company said today.
Date: 28 October 1987
Reuters
Tektronix Inc. is planning to introduce 14 new products including some that mark its re-entry into the computer work station business, a company spokesman said. He said the company had entered that market about three years ago and then abandoned it a year later. The work station models cost between $9,995 and $51,500 and can operate independently of big mainframe computers, the company said.
Date: 28 October 1987
Reuters
West Point-Pepperell Inc. said that because of market conditions, its agreement to sell its carpet and rug division to Shaw Industries had been terminated. West Point, which makes household fabrics, said talks are not expected to resume in the near future. Shaw is based in Dalton, Ga.
Date: 28 October 1987
Reuters
The Scott Paper Company said it would spend more than $250 million in the next three years to expand its sanitary paper business in Western Europe. The company said it would install paper-making machines in France, Italy and Spain. that will have a total capacity of 150,000 tons annually. Scott said it would also rebuild a machine in Britain and add recycled paer capability in Italy and Spain.
Date: 27 October 1987
Special to the New York Times
The Intel Corporation has introduced a circuit board to allow owners of the International Business Machines Corporation's personal computers and some compatible machines to upgrade their equipment. Intel said its Inboard 386/PC, priced at $995, uses its 80386 microprocessor to increase the speed of a standard PC with an Intel 8088 microprocessor by as much as 10 times. The board adds additional memory as well, Intel said. The board will not work with PC's using Intel's 8086 chip or 80286 chip.
Date: 28 October 1987
By Edward Hudson
Edward Hudson
Cecil Brown, a radio news broadcaster whose career was studded with drama and controversy, died of a ruptured aorta Sunday at the Medical Center at the University of California at Los Angeless. He was 80 years old.