NEWS SUMMARY: WEDNESDAY, NOVEMBER 11, 1987
Date: 11 November 1987
LEAD: International A3-15
Spiller av tirsdag 10. november 1987
10. november 1987 var en tirsdag under stjernetegnet til ♏. Det var 313 dagen i året. President i USA var Ronald Reagan.
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10th of November 1987 News
Nyheter slik de dukket opp på forsiden av New York Times på 10. november 1987
NEWS SUMMARY: TUESDAY, NOVEMBER 10, 1987
Date: 10 November 1987
LEAD: International A3-17
Past Marijuana Use Held Insufficient Reason to Rule Out Candidate
Date: 10 November 1987
By Richard J. Meislin
Richard Meislin
LEAD: A majority of Americans say that having tried marijuana is insufficient reason to disqualify someone from serving as either President or as a Supreme Court Justice, according to a New York Times/CBS News Poll.
RAYTHEON CONTRACT
Date: 11 November 1987
Reuters
LEAD: The Raytheon Company has re-ceived a $790.4 million military con-tract for 884 Patriot air defense guided missiles and 15 sets of ground equipment, the Army said. It said the work on the antiaircraft missiles, which will be performed at Andover, Mass., is expected to be completed by the end of 1990.
Continental Cuts
Date: 10 November 1987
AP
LEAD: The chairman of the Continental Illinois Corporation, Thomas Theobald, told securities analysts that the holding company's exit from the mass-market retail banking business would lighten its payroll by 1,100 employees, banking sources said. Continental's decision to leave the retail banking business was announced Oct.
Bank of Boston
Date: 10 November 1987
AP
LEAD: The Bank of Boston Corporation, the nation's 15th-largest bank holding company, said it had agreed to buy the BankVermont Corporation in a one-for-one stock swap valued at around $60 million. The acquisition is the first under Vermont's new interstate banking law. BankVermont, based in Burlington, has assets of $667 million.
Allis-Chalmers
Date: 10 November 1987
Reuters
LEAD: The Allis-Chalmers Corporation said it intended to propose a Chapter 11 reorganization in which its major businesses would be sold together or individually. The diversified industrial company, which filed for protection from creditors last June, said it had retained the investment banker Lazard Freres & Company to assist it in the effort to sell the company.
Avery Reorganizes
Date: 10 November 1987
Special to the New York Times
LEAD: Avery International Inc. said it planned a restructuring in 1988 that would affect about 1,000 workers, cut the revenue base by 9 percent and result in a $25 million write-off and an unspecified loss in the fourth quarter. Avery, a manufacturer of self-adhesive labels and office products based in Pasadena, Calif., said the overhaul would mean the first earnings decline in 12 years.
Telex Extension
Date: 10 November 1987
LEAD: The investor Asher B. Edelman said he had extended until Nov. 20 his $65-a-share offer for the outstanding shares of the Telex Corporation. Meanwhile, the Tulsa, Okla., computer concern said it expected its pretax earnings and revenues to rise steadily from 1988 to 1993. The company said the projection had been reviewed by its board in determining to submit a $775 million recapitalization plan to shareholders if the takeover offer from Mr.
Visa Teller Link
Date: 10 November 1987
LEAD: Visa International, the international organization of Visa card-issuing banks, said it had exercised its option to link up with Plus, the network of automatic tellers. The move means that holders of Visa cards from outside the United States will be able to use Plus machines, many of which are in this country.