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Date: 03 March 1988
INTERNATIONAL A3-12 Panamanian Government accounts should not be disbursed by New York banks to Gen. Manuel Antonio Noriega, because he is not the lawful head of the country, the State Department said. The action in effect would freeze about $50 million in assets. Page A1
Date: 03 March 1988
By Peter J. Boyer
Peter Boyer
The CBS News journalists who recorded dramatic scenes of Israeli soldiers beating two Arab captives in the occupied West Bank last week violated company rules by giving unedited videotape footage to the Israeli Army, network officials said yesterday. But they said the journalists had made ''an innocent mistake'' and would not be reprimanded.
Date: 03 March 1988
Reuters
The Navistar International Corporation, the truck manufacturer that returned to profitability in 1987 after a string of losses, said it hopes for a small increase in profits this year despite the rising cost of steel and labor. Neil Springer, chairman of the Navistar International Transportation Corporation, the Chicago-based company's chief operating unit, said plans were under way to expand its trucking and parts businesses with acquisitions in related industries. But Mr. Springer conceded to financial analysts in Los Angeles that Navistar, the former International Harvester Corporation, faces numerous difficulties, including litigation and high borrowing costs.
Date: 03 March 1988
AP
E. I. du Pont de Nemours & Company will pay $39 million to clean up ditches, lagoons and other groundwater sites contaminated by hazardous waste that seeped from its Chamber Works plant here, a company official said. The cleanup, part of an administrative consent order with the state Department of Environmental Protection, was described as the largest settlement by one company for one location in the United States.
Date: 03 March 1988
AGS Computers Inc. said it had agreed in principle to acquire C3 Inc., a computer systems integration company based in Herndon, Va., for $15.75 a share, or about $157.5 million. C3 designs, assembles and maintains computer systems to solve the automation needs of the Federal Government. AGS, based in Mountainside, N.J., is involved in computer automation of telecommunication and computer systems.
Date: 03 March 1988
Reuters
The Chrysler Corporation, the No. 3 car maker in the United States, said it hoped to become the leading seller of American cars in Europe. ''We aim to sell 5,000 to 10,000 cars in Europe this year and 10,000 to 20,000 Jeeps,'' Michael Hammes, vice president of international operations, said at a news conference on the eve of the 58th Geneva International Motor Show.
Date: 02 March 1988
Special to the New York Times
Apple Computer Inc. and Texas Instruments Inc. will announce on Thursday a specially configured version of the Macintosh II personal computer for artificial intelligence applications, industry sources said today. The machine will include a microprocessor designed to run LISP, a computer language used in artificial intelligence development, and is expected to be sold by Texas Instruments for less than $20,000.
Date: 02 March 1988
Special to the New York Times
Jefferies & Company Inc. said today that it had agreed to sell 1.4 million shares of Kaisertech Ltd. stock to the Maxxam Group Inc. for $12 a share, or $16.8 million.
Date: 03 March 1988
Special to the New York Times
In an apparent effort to block a takeover threat posed by the developer Donald J. Trump, MCA Inc. tightened the trigger on its takeover defense, making it effective if any shareholder acquires 10 percent of its stock. The original plan, which was adopted last July, would have taken effect when a 20 percent stake was acquired. The poison pill is intended to make an acquisition prohibitively expensive.
Date: 02 March 1988
AP
The General Motors Corporation has agreed to sell its Fairfield automobile parts stamping plant to Cynba International Inc. for an undisclosed amount. Cynba, headed by an automotive executive, Anthony Barclae, would continue operating the plant, G.M. officials said.