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Newspaper
Bluefield Daily Telegraph
Location
Bluefield, West Virginia, United States of America
Date
Dec 18, 1985
Page
3
Federal bankruptcy judge approves Mexican publisher Mario Vazquez Rana’s purchase of United Press International. Vazquez Rana agrees to a advisory role until reorganization finishes in about four months and will not assume control. He plans to immediately resume as chief executive officer after proceedings conclude.
U S markets eased on Tuesday as the Dow Jones average slipped to 1544 50 off 8 60 from the prior session ending a run of record closes in five of the last six sessions. Volume on the NYSE totaled 155 23 million shares with decliners ahead 5 3.
The five year farm bill approved by House and Senate negotiators makes lower loan rates for wheat corn soybeans rice and cotton andcuts target prices by 10 percent in 1990. It also trims income supports and funds a national land inventory while aiming to reduce production by removing incentives to plow virgin prairie and drain wetlands. Dairy measures slash price supports and push a 600000 cow slaughter to curb milk output. Sugar support and direct payment limits remain contested.
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