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Date: 25 January 1989
By Randall Rothenberg
Randall Rothenberg
LEAD: McGraw-Hill Inc.'s World News operation, the business-reporting service that was abandoned by the publisher in a cost-cutting move late last year, has been resurrected as a private company by a former staff member.
Date: 24 January 1989
LEAD: INTERNATIONAL A2-11 An earthquake in Soviet Central Asia set off an enormous landslide that killed about 1,000 farm villagers, the Government press agency Tass said. Page A1
Date: 25 January 1989
By David W. Dunlap
David Dunlap
LEAD: At the age of 73, David F. M. Todd is about to take a long journey across a short space - from one side of the table at which he has been sitting for four years, as a flintily independent member of the New York City Landmarks Preservation Commission, into the chairman's post.
Date: 24 January 1989
Special to the New York Times
LEAD: The Tesoro Petroleum Corporation of San Antonio has been ordered to pay more than $56 million to the Energy Department for regulatory violations between 1973 and 1981, the company said today. According to the agency's final order, Tesoro has 30 days to make an initial payment of $25 million, after which six annual payments of $5.2 million will be due.
Date: 25 January 1989
AP
LEAD: MAI Basic Four Inc. asked a Federal District Court judge to lift an order blocking its $20-a-share bid for Prime Computer Inc. In court documents responding to a judge's concerns, MAI Basic said Drexel Burnham Lambert Inc. was confident it could raise $875 million to finance the takeover. Prime, based in Natick, Mass., said it would fight to keep the court order in place.
Date: 25 January 1989
Reuters
LEAD: Radionics Inc. reached an agreement with Expamet International P.L.C. under which the London-based company will begin a tender offer of $20 a share, or about $88 million, for the security equipment maker. Radionics' shares rose $6.125 today, to $19.625, in over-the-counter trading.
Date: 24 January 1989
LEAD: Peebles Holdings Inc., owner of the 49 Peebles department stores in seven mid-Atlantic states, said yesterday that it had been acquired by the PBL Acquisition Corporation for about $160 million in cash.
Date: 25 January 1989
Special to the New York Times
LEAD: The Ransburg Corporation, which makes industrial equipment, said today that it had signed an agreement to be acquired by Illinois Tool Works Inc. in a transaction valued at nearly $163 million.
Date: 24 January 1989
LEAD: Filene's, the fashion specialty store, will cease operations in the Galleria mall, in Poughkeepsie, N.Y., after little more than a year in the center. The Filene's chain was acquired last year by the May Department Stores Company, St. Louis, from Federated Department Stores.