NEWS SUMMARY: FRIDAY, AUGUST 28, 1987
Date: 28 August 1987
LEAD: International A2-9, A17
Ponovno predvajanje četrtek, 27. avgust 1987
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27th of August 1987 News
Novice, kot so bile prikazane na prvi strani New York Timesa na 27. avgust 1987
'CURRENTS' EXAMINES RUSH TO SUE FOR LIBEL
Date: 27 August 1987
By John Corry
John Corry
LEAD: INCREASINGLY, polls say, the press is perceived as powerful and arrogant, operating under few, if any, restraints. The perception may not be entirely accurate, but one consequence seems to be an increase in the number of libel suits by people who say the press has been unfair. ''Currents,'' on Channel 13 at 8:30 tonight, examines the phenomenon.
Riding the North Wave
Date: 27 August 1987
LEAD: The newest New York Times/CBS News Poll shows why students of public opinion struggle to resist the pull of fad and fancy. Seven weeks ago, fervent boosters of the contra rebels were sure, like political surfers, that they had caught a wave. The Iran-contra hearings gave Oliver North a national audience for impassioned speeches about the Nicaraguan rebels, and support for
COMPANY NEWS;
Date: 28 August 1987
LEAD: Rosewood Financial Inc., controlled by the Texas investor Caroline Rose Hunt, confirmed that it had sold most of its 19.7 percent stake in the Phillips-Van Heusen Corporation, for $64.9 million, making a profit of about $25 million. Rosewood had said Wednesday that it had sold the shares.
Welcome News for Wilkison
Date: 28 August 1987
By Peter Alfano
Peter Alfano
LEAD: The news came while Tim Wilkison was practicing at an indoor court on Long Island yesterday. It might have disappointed another player but not the renowned Dr. Dirt, who endeared himself to the United States Open crowds last year with his head-first approach to tennis. The news simply made Wilkison work harder.
Philips Industries
Date: 27 August 1987
LEAD: Philips Industries of Dayton, Ohio, a leading manufacturer of building components, has agreed to acquire the Dearborn Fabrication and Engineering Company of Detroit, a manufacturer of materials-handling equipment. The contract, which must be approved by Philips's board, Dearborn's shareholders and Federal regulators, is for an undisclosed sum that would be paid in cash and notes.
REPH in Default
Date: 27 August 1987
LEAD: The REPH Acquisition Company, which bought the Republic Health Corporation last August, said that it was in default under certain bank credit agreements and was open to possible foreclosure proceedings. The company said that an extension previously granted by its lenders expired Tuesday and had not been renewed.
Emery Refinancing
Date: 27 August 1987
Reuters
LEAD: The Emery Air Freight Corporation said it agreed to refinance the $129.9 million of bank debt it took on when it bought the Purolator Courier Corporation. It said it would raise $95 million through asset sales and other means and would get $45 million of pension fund assets by creating an employee stock ownership plan.
NEWS CORP reports earnings for Qtr to June 30
Date: 28 August 1987
LEAD: *3*** COMPANY REPORTS ** *3*NEWS CORP (NYSE) Qtr to June 30 1987 1986 Revenue 981,300,000 786,000,000 Net inc b394,400,000 c70,500,000 Share earns 1.16 .26 Yr rev 3,500,000,000 2,670,000,000 Net inc b544,400,000 c171,600,000 Share earns 3.72 1.26