IBM Tops 1986 Charity Giving With 188.4 Million
Taft Group reports IBM led 1986 corporate philanthropy at 188.4 million including subsidiaries and non cash gifts. Hewlett Packard, GM, Exxon, and GE also among top givers with multiyear foundations.
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Newspaper
Aiken Standard
Location
Aiken, South Carolina, United States of America
Date
Jan 08, 1988
Page
2
Taft Group reports IBM led 1986 corporate philanthropy at 188.4 million including subsidiaries and non cash gifts. Hewlett Packard, GM, Exxon, and GE also among top givers with multiyear foundations.
France handed nine paintings seized in the Marcos criminal probe to U S Attorney General Edwin Meese III in Washington. The works were previously held by Adnan Khashoggi after being seized amid the Marcos affair and were requested by the Manhattan U S attorney.
The Soviet Union told reporters at the Soviet Embassy that the United States must halt its chemical weapons production or face “appropriate action.” Moscow signaled it could mirror Reagan era binary weapons limits as Geneva talks approach, stressing hope for a future ban during resumed negotiations.
The AFL-CIO calls for suspending U S military aid to El Salvador after two former national guardsmen were pardoned amid a court ruling for the 1981 murders of AFL-CIO advisers Michael Hammer and Mark Pearlman and labor leader. Lane Kirkland appealed on Thursday while State Department officials voiced outrage. Separately Reagan appoints James M. Stephens NLRB chair, replacing Donald Dotson amid prior anti union rulings.
Washington AP Edwin Meese IIIs investments in regional Bell phone companies face a criminal probe by the same independent counsel already examining his ties to Wedtech Corp Meese and wife Ursula held stock valued at 9600 last year when he approved lifting restrictions on the Bell firms Meese may not step aside from DOJ efforts to supervise ATTs breakup and his Finn disclosure form faces conflict concerns McKay staff has opened the new inquiry while Meese remains under investigation since May for Wedtech involvement.
In Kwangju 1500 riot police stormed Chosun University, ending a four month student siege demanding the administration's ouster. Firebombs were thrown, the main building burned, and three protesters were injured including one who leaped from a fifth floor. A safety mattress plan was used after a death by self harm. Chun Doo hwan said U S and Olympic officials urged him to stay in power for the 1988 Games, pledging a successful host year. Roh Tae woo to replace him February 25.
In two refugee camp clashes in Gaza, Israeli troops fired on Arab protesters killing a 15 year old and wounding seven others. A Jewish soldier and eight others were injured in related violence as four weeks of riots raise Palestinian deaths to about 24.
A presidential commission led by former Senator Nicholas Brady urges creation of a new high level regulatory body to oversee U S financial markets. It seeks daily price swing limits and tighter credit rules while preserving the SEC and CFTC. The panel rejects merging regulators, proposing an umbrella group of government and Wall Street officials. Ryder declined to comment.
Mexico sees consumer prices jump 159.2 percent in 1987 as new anti inflation measures draw blame for cost spikes. Stock market sinks for a fourth day, index down 18 percent this week to 86606.75 amid high Treasury yields. Analysts split on plan’s success with inflation seen at 15 1 percent to 20 0 percent for the year.
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