NEWS SUMMARY: FRIDAY, OCTOBER 30, 1987
Date: 30 October 1987
International A3-9
Spiller av torsdag 29. oktober 1987
29. oktober 1987 var en torsdag under stjernetegnet til ♏. Det var 301 dagen i året. President i USA var Ronald Reagan.
Hvis du ble født på denne dagen, er du 38 år gammel. Den siste bursdagen din var på onsdag 29. oktober 2025, 240 dager siden. Din neste bursdag er torsdag 29. oktober 2026, om 124 dager. Du har bodd i 14 120 dager, eller omtrent 338 897 timer, eller omtrent 20 333 842 minutter, eller omtrent 1 220 030 520 sekunder.
Noen personer som deler denne bursdagen:
29th of October 1987 News
Nyheter slik de dukket opp på forsiden av New York Times på 29. oktober 1987
Western Union
Date: 30 October 1987
AP
The Western Union Corporation gained support from one of its largest stockholders for a restructuring plan the company says is critical to keeping it from bankruptcy court. The shareholder, the Prudential Insurance Company of America, holds large interests in two series of Western Union's preferred stock, out of seven that vote, said Warren Bechtel, a Western Union spokesman. The plan involves an exchange of debt for stock, the merger of Western Union and its chief subsidiary, the Western Union Telegraph Company, and the sale of bonds.
YOUTHFUL CONSERVATIVE JUDGE: DOUGLAS HOWARD GINSBURG
Date: 30 October 1987
By Stuart Taylor Jr., Special To the New York Times
Stuart Taylor
Judge Douglas H. Ginsburg, one of the youngest men ever nominated to the Supreme Court, is known here chiefly as a strong, brainy advocate of the Reagan Administration's conservative, free-market approach to regulatory and antitrust law issues.
Thompson Medical
Date: 30 October 1987
The Thompson Medical Company said its board had received a proposal for a management-led buyout of the company from a group headed by S. Daniel Abraham, its chairman and chief executive. Under the proposal, shareholders would receive $15 in cash for each of their shares in a merger. Thompson shares gained 87.5 cents, to $10.875, on the New York Stock Exchange yesterday. The company has about 7.5 million shares of common stock outstanding. Mr. Abraham said his group holds more than 70 percent of Thompson's outstanding shares. The company said its independent directors would study the offer.
Bell & Howell
Date: 29 October 1987
Special to the New York Times
Macmillan Inc. said it had increased its stake in the Bell & Howell Company to 7.7 percent, from 6.6 percent. In a filing with the Securities and Exchange Commission, Macmillan said it had bought an additional 106,200 Bell & Howell shares on the open market between Sept. 23, when the price of Bell & Howell stock averaged $70.77 a share, and Oct. 23, when the stock averaged $47.57.
FLUOR SEES GAIN
Date: 30 October 1987
Reuters
The Fluor Corporation said today that the sale of its 90 percent stake in the St. Joe Gold Corporation and other gold properties to an Australian group would bring a pretax gain of $400 million. The company said the sale of the assets to Dallhold Investments Proprietary Ltd. for $500 million in cash, which was announced in August, has been completed. Fluor said it intended to use the proceeds primarily to reduce its debt.
Renault Debt Plan
Date: 29 October 1987
Reuters
The French Cabinet approved a plan to transform the state-owned car maker Renault into a limited liability company, involving a write-off of $2 billion in debt and no more Government subsidies. A Government spokesman said the bill would be discussed in Parliament this autumn. The Government announced last week that it was writing off 12 billion francs (about $2 billion), or nearly a quarter of Renault's debt. The decision was attacked by Renault's domestic rival, Peugeot, which complained that the Government had been too generous to Renault and that the latest move could jeopardize fair competition.
Amgen Named In Countersuit
Date: 30 October 1987
Special to the New York Times
Genetics Institute Inc. said today that it had filed a countersuit against Amgen Inc. and its Japanese partner the Kirin Brewery Company for infringing on its patent covering a process for making erythropoietin, also known as EPO.
USX Sees Delay
Date: 29 October 1987
Reuters
The chairman of the USX Corporation, David Roderick, said the diversified steel and oil company is running a year behind schedule with its plans to sell $1.5 billion of assets. The company, which said on Tuesday that it had fully recovered from a steel workers' strike in 1986, had estimated at the beginning of the year that the sales would take about two years. USX has sold $300 million of businesses this year and may have agreements for several large units by the end of 1987, Mr. Roderick said, but he declined to give details.