MGM-UA Merger Falls Through In $1.5 Billion Deal
MGM-UA Communications Co. cancels its planned merger with Qintex Group and sues the Australian firm in U.S. District Court alleging breach of contract fraud and negligent representation. The action follows Qintex Australia Limited’s failure to provide a $50 million letter of credit as required. Chairman Jeffrey Barbakow says the board did all it could to preserve the deal.
MENTIONED IN THIS ARTICLE
Beverly Hills
Calif
Hollywood
Mgm-Ua Communications Co
Qintex Group
Mgm-Ua
U.S
Qintex Australia Limited
MGM- Pet
Jeffrey Barbakow
Barbakow
FCC to Restore Syndex Rules Limiting Syndicated Shows
U S readers may see fewer repeats of Cheers Mark and Mindy and Hee Haw as FCC moves to reinstate syndicated exclusivity rules effective January 1. Cable operators warn viewers the government is to blame for fewer showings and higher risk of fewer premieres.
MENTIONED IN THIS ARTICLE
Washington
Feds
Federal Communications Commission
FCC
Commission
Mark
Mindy
Clear Skies Tonight and Warm Thursday Weather Outlook
Clear skies forecast tonight with a low in the upper 40s. Sunny skies on Thursday with a high in the lower 80s. Details on Page 6A.
Obituaries List from multiple Georgia and Pennsylvania towns
Death notices for L C Covington Langley Effie E Holmes John G Lyon Aiken Gladys B McKinney Langley Grace C Rikard Johnston Caroline W Salley Pa Mallie Tyler Salley Frances L Walker Statesboro Ga referenced with page notice to see details on page 6A.
MENTIONED IN THIS ARTICLE
L.C. Covington
Langley
Effie E. Holmes
Johnston
John G. Lyon
Aiken
Gladys B. McKinney
Grace C. Rikard
Caroline W. Salley
Coatenville
Mallie Tyler
Salley
Frances L. Walker
Statesboro
Watkins firm on tower for K-Reactor
Energy Secretary James D. Watkins will push ahead with a new water cooling tower for the K-Reactor at Savannah River after studies lowered the estimated cost to about 82 million dollars. Critics question the need for a separate tower when the reactor already has one, and lifetime costs are projected above 1 billion dollars.
MENTIONED IN THIS ARTICLE
Washington — Energy
James D. Watkins
Savannah River
Strom Thurmond
Rs.c
Watkins
Westinghouse Savannah River Company
WSRC
Thurmond
Aiken
DOE
Derrick
Jay Hyde
Butler Derrick
D-S.c
Energy Department
Mall Developer Opens Aiken Mall After Long Wait
George D. Zamias opened the Aiken Mall with a projected 80 million dollars in annual sales and 10 million dollars in payroll once fully occupied. The project, started in 1979, faced high interest rates delaying construction and will create about 800 jobs. Twenty two stores are planned for the mall.
MENTIONED IN THIS ARTICLE
George D. Zamias
Aiken
Zamias
Town
Holley’s
Violence in Colombia escalates amid drug war toll
Gunmen killed a journalist and four others in Medellin and threatened 11 remaining staff of a crusading anti drug newspaper The Extraditables after 13 bombings in four Colombian cities. Police and executives said the group claimed responsibility and warned of more violence as Colombia toughens security and pursues extradition to the United States.
MENTIONED IN THIS ARTICLE
Bogota
Colombia
Medellin
Tuesda
Cocaine
el Espectador
Extraditables
Ree Medellin
Virgilio Barco
United States
Norwegian econometric pioneer Haavelmo wins Nobel Prize
Trygve Haavelmo of Norway wins the Nobel Prize in Economic Science for 1940s work testing economic theories with mathematical and statistical methods. The 77 year old economist at Oslo University helped found econometrics and forecast economic events using samples. The prize totals about 469000 dollars.
MENTIONED IN THIS ARTICLE
Stockholm
Sweden
Trygve Haavelmo
Norway
Haavelma
Royal Swedish Academy of Sciences
Oslo University
Ragnar Frisch
Harvard University
Academy
Haavelmo
United States
Rockefeller
University of Chicago
Norwegian Trade Commission
American Eco
City Attorney Seeks Dismissal of Restraining Order in Power Pact Case
Circuit Judge John H. Waller Jr. heard a motion to dismiss a restraining order blocking the Aiken City Council from acting on a power supply ordinance. City Attorney James M. Holly urged dismissal of a suit by Aiken Electric Cooperative. The Council set an executive session for 5:15 p.m. and a second reading and public hearing on the ordinance for next Monday if the order is lifted.
MENTIONED IN THIS ARTICLE
Marion
John H. Waller Jr
Aiken
James M. Holly
Waller
Aiken Electric Cooperative
South Carolina Electric and Gas Co
Aiken Electric
Also Mentioned on This Page
NFL
Abby
Aaron
Abbas
David Kidwell
Alan Brown
Aiken Mall
Charlie Burcham
Michael Maxwell
The
Associated Press
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