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Date: 03 August 1988
LEAD: INTERNATIONAL A2-7 An Iranian airliner was shot down because of error by radar operators on the Navy warship caused by the stress of being in battle for the first time, Defense Department officials said an investigation found. Page A1 Baghdad will not accept a cease-fire declared by Secretary General Javier Perez de Cuellar, the Iraqi delegation to the Persian Gulf talks said, demanding direct talks with Iran before the fighting can stop.
Date: 02 August 1988
LEAD: International A2-10 Secretary of State George P. Shultz and four Central American foreign ministers failed to agree on a denunciation of Nicaragua. A communique issued at the end of their meeting did not mention Nicaragua. Page A1
Date: 02 August 1988
By John H. Cushman Jr. & Clifford D. May
John Cushman
LEAD: In the national capital, no interest is too narrow to deserve its own newsletter. Small publishers have found rich veins to be mined in a town where information is the main commodity.
Date: 03 August 1988
By David Binder & Steven V. Roberts
David Steven
LEAD: The front row in the White House press room is a place of prestige reserved for the senior correspondentsfrom the three major television networks and the news services. So chroniclers of Washington ways found it noteworthy yesterday when five of the six seats were occupied by women - the first time, in anybody's memory, that that had occurred.
Date: 02 August 1988
LEAD: The editor of a leading anti-apartheid newspaper in South Africa has been sent back to prison from a Johannesburg hospital, his lawyer said yesterday.
Date: 03 August 1988
By Edwin McDowell
Edwin McDowell
LEAD: High-Priced Ballet Tale
Date: 02 August 1988
By Peter J. Boyer
Peter Boyer
LEAD: NBC, working under a corporate mandate to put its news operation on a paying basis, is negotiating to buy a substantial portion of Visnews, a European video news agency. The move would allow NBC to trim many of its own overseas news operations, saving up to $5 million a year, network executives said yesterday.
Date: 02 August 1988
LEAD: Drexel Burnham Lambert Inc. told the Rales brothers of Washington in a letter that it was ''highly confident'' it could raise $1.375 billion, or two-thirds of the money needed, for a $64-a-share bid for Interco Inc. Steven M. Rales and his brother Mitchell lead a group that holds an 8.7 percent stake in the furniture and shoe company and they have offered $2.1 billion for the rest.
Date: 03 August 1988
Special to the New York Times
LEAD: The Dow Chemical Company said it would buy back 10 million of its approximately 190 million shares outstanding. The repurchase, to be made over an indefinite period, will increase shareholders' equity, said Enrique C. Falla, a Dow vice president. The company has repurchased more than 20 million shares in nine buyback programs since August 1983; the latest was announced three months ago.
Date: 02 August 1988
Reuters
LEAD: United Airlines said it had signed a marketing agreement for its frequent-flier program with the Hyatt Corporation. The airline said its frequent-fliers will receive 500 miles credit for each stay at more than 125 participating Hyatt hotels, when they pay the corporate rate or higher. They also receive a 50 percent discount off a multinight stay at Hyatt with every 20,000 miles awarded by United.
Date: 03 August 1988
Special to the New York Times
LEAD: Novo Industri A.S., a Danish company that produces industrial enzymes and insulin, said it had acquired control of Zymogenetics Inc., a private biotechnology company based in Seattle, in the consummation of an agreement announced in May.