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Date: 25 September 1987
By Peter J. Boyer
Peter Boyer
LEAD: Forrest Sawyer, co-anchor of the ''CBS Morning News,'' quit the network yesterday just as CBS is poised to mount another new morning program, its sixth revamping of the morning time period in the last three years.
Date: 25 September 1987
LEAD: International A2-13
Date: 24 September 1987
LEAD: INTERNATIONAL A3-13 Iranian sailors have provided data allowing the United States to recover at least three mines the captured Iranians had placed in the Persian Gulf, according to Defense Secretary Caspar W. Weinberger. Page A1
Date: 25 September 1987
Reuters
LEAD: The Dayton Hudson Corporation's board will meet within a week to consider a $6 billion takeover offer from the Dart Group Corporation, reports on Wall Street said. A spokesman for Dayton Hudson, a Minneapolis-based retailer, would not comment other than to say the board would meet ''in due course.
Date: 24 September 1987
Reuters
LEAD: The chairman of Midland Bank P.L.C. said today that he was not concerned about a recent spate of takeover activity related to Britain's fourth-largest bank. ''Some people have been buying shares and that's fine; it shows their confidence in the way the share prices can go,'' Kit McMahon, the chairman, said.
Date: 25 September 1987
LEAD: The Wells Fargo Bank said yesterday that, in response to a request from the Texas oilman T. Boone Pickens, it had reduced the amount of financing it is trying to arrange for an attempted takeover of the Newmont Mining Corporation to $1.25 billion, from $2 billion.
Date: 24 September 1987
LEAD: R. H. Macy & Company, releasing details of a proposed specialty-store venture, said it would open three Aeropostale stores in November to sell private-label clothing and accessories for men and women. The stores, with 3,000 to 5,000 square feet each, will be in Hoboken and Short Hills, N.J., and in Pleasanton, Calif.
Date: 25 September 1987
LEAD: The Pension Benefit Guaranty Corporation filed a suit in Federal District Court in New York yesterday to block a court action initiated by the bankrupt LTV Corporation on Wednesday. The dispute involves three LTV pension plans.
Date: 25 September 1987
Special to the New York Times
LEAD: The New York investor Asher B. Edelman, who has offered to purchase Rexham Inc. for $53 a share, said he was considering other ways to gain control of the packaging materials and machinery concern, which is based in Charlotte, N.C.
Date: 24 September 1987
Special to the New York Times
LEAD: An investor group led by David F. Bolger, an investment banker in Ridgewood, N.J., said it would consider taking Cleveland-Cliffs Inc. private if its proxy fight to gain control of the company were successful. In a filing with the Securities and Exchange Commission, the Bolger group said it believed that Cleveland-Cliffs' financial problems could be aided by ''the increased flexibility inherent in private companies.