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Newspaper
Aiken Standard
Location
Aiken, South Carolina, United States of America
Date
Oct 27, 1987
Page
10
U S factory orders for durable goods climbed 1 1 percent in September to 107 8 billion the first rise since June. Defense equipment fell 4 5 percent to 9 08 billion while non defense capital goods dropped 4 5 percent. Shipments increased 3 percent to 107 3 billion.
A 26 jurors panel including nine women and seven men was chosen to hear the perjury case against Michael K. Deaver. Opening statements set for today, with a trial expected to last three to five weeks. Deaver faces charges of lying to a grand jury and a House subcommittee about his lobbying business and contacts with former Reagan officials.
USC President Dr James B Holder man announced the groundbreaking for a four story 56800 square foot Science Building to house biology chemistry geology and physics. Gov Carroll Campbell Jr touted a 74 million state bond plus 500000 from the State Energy Commission and spoke of energy savings and higher education as a driver for high tech industry.
Analysts say the Monday slide hurt small companies seeking growth capital while nervous investors shifted to larger firms. The NASDAQ OTC index dropped 9 percent to 298.90, with heavy trading as NYSE and other exchanges announced early closings through Friday. A Miami shooting followed the market collapse, leaving a broker dead and another wounded before the shooter killed himself.
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