NEWS SUMMARY
Date: 02 December 1988
LEAD: INTERNATIONAL A3-12 Mikhail Gorbachev's political plan was approved in part by the Soviet legislature, enacting some transfer of power from the Communist Party to popularly elected legislative bodies. Page A1
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NEWS SUMMARY
Date: 01 December 1988
LEAD: International A3-19
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Drug Seizure Policy Defended
Date: 01 December 1988
AP
LEAD: The Drug Enforcement Administration said today that it planned no change in procedures under which it sometimes arranges for local police officers to claim public credit for seizures of drug shipments that are brought into the United States by the agency's undercover operatives.
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A Sun-Times Pact Snag
Date: 01 December 1988
AP
LEAD: Negotiators for The Chicago Sun-Times and its newsroom employees today scheduled another round of contract negotiations after a clause on pension-fund contributions jeopardized their tentative labor pact.
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Firestone Tire
Date: 01 December 1988
Reuters
LEAD: The Firestone Tire and Rubber Company and its Japanese parent, the Bridgestone Corporation, will invest about $1.5 billion in the next three years to expand and modernize Firestone's tire operations and other businesses, the companies said. The companies will invest $1.3 billion in Firestone's tire operations - $1 billion in North America and $300 million in Europe, Central and South America - and $200 million on Firestone's diversified products and Master Care automotive service units.
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Texas Instruments
Date: 01 December 1988
Special to the New York Times
LEAD: Texas Instruments Inc. announced a technology exchange agreement with the Actel Corporation, a small semiconductor company that makes computer chips that users can customize themselves. Under the agreement, Texas Instruments will make chips incorporating Actel's technology and resell Actel's computer-aided engineering system under its own name.
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Farley Extends Bid
Date: 02 December 1988
AP
LEAD: Farley Inc. has extended its $1.4 billion tender offer for West Point-Pepperell Inc. a second time. The offer was to expire at midnight on Wednesday, but the Chicago-based Farley said that it was being extended by a week, to midnight next Wednesday. Farley also said that a preliminary count showed that about 11.4 million Pepperell common shares had been tendered as of the close of business on Wednesday.
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Popeye's Extends Church's Deadline
Date: 02 December 1988
AP
LEAD: A. Copeland Enterprises Inc., which owns Popeye's Famous Fried Chicken and Biscuits restaurants, has extended the deadline on its offer for Church's Fried Chicken Inc. until Dec. 16. The previous deadline had been set for midnight on Wednesday. Federal District Judge Charles Schwartz Jr. has forbiddne Popeye's to buy Church's stock until 10 business days after it discloses information upon which its bid is based.
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Swiss Company To Buy Rockaway
Date: 01 December 1988
LEAD: The Rockaway Corporation, a Parsippany, N.J., maker of business machines and mailing systems, agreed to be acquired by Ascom Holding A.G., a Swiss manufacturer of postage meters, for $16 a share, or a total of about $112 million. Rockaway's shares jumped $5 yesterday, to $14.625, on the New York Stock
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Jardine Matheson Unit in Vancouver
Date: 02 December 1988
Reuters
LEAD: Jardine Matheson Holdings Ltd., the diversified Hong Kong-based trading house, plans to establish a shipping operation in Vancouver. Dennis Hon, the managing director of the new Jardine Matheson Transport Services (Canada) Ltd., said an office was also being planned for Toronto.
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