ABC Merger Sets Stage for Capital Cities ABC
Analysts foresee no viewer impact as Capital Cities Communications agrees to buy ABC for 3.5 billion dollars. The deal creates Capital Cities ABC Inc with Buffett backing and requires shareholder approval. ABC will continue operations with Goldenson as chairman and maintains 214 affiliated stations nationwide while programming remains stable.
MENTIONED IN THIS ARTICLE
New York
Capital Cities Communications Inc
American Broadcasting Co
Capital Cities
ABC Inc
Warren Buffett
ABC
Susan V. Watson
Morgan Stanley & Co
Thomas S. Murphy
Leonard Goldenson
Goldenson
Paine-Webber Inc
Fred Anschel
Dean Witter Reynolds Inc
NBC
CBS
Anschel
Noble
Factory use falls as trade deficit hits record high
U S factory use dropped sharply in February to the lowest level in a year, mirroring falling industrial output. The broadest trade deficit measure rose to a record level in 1984. The Conference Board reported American workers received average annual wage increases of 4.3 percent over the past three years.
MENTIONED IN THIS ARTICLE
Associated Press
U.S
Conference Board
Fire at Chicago Board of Trade Injures Dozen
An extra alarm fire swept a 10th floor hallway and offices of the Chicago Board of Trade injuring 12, including three WCIU TV employees. Firefighters forced elevator doors to rescue six women, while the TV staff were treated for smoke inhalation after reaching the 43rd floor. The blaze started in a freight elevator loaded with paper receipts, spreading heat and smoke but causing little structural damage beyond charred hallway panels and adjacent offices.
MENTIONED IN THIS ARTICLE
Chicago
Chicago Board of Trade
Wciutv
Louis Galante
John Tsokatos
Henrotin Hospital
Tsokatos
Board of Trade
Robbers steal $5 million from Deerfield Beach gallery
Three armed men entered Berdan's Auction Gallery at 10 30 am and bound staff before fleeing with an estimated 5 million in cash and jewelry. Police said the heist appeared meticulously planned and had no immediate suspects. The thieves ignored displayed art and targeted the safe in a brief operation lasting about 10 minutes.
MENTIONED IN THIS ARTICLE
Deerfield Beach
Fla
Cooly
Berdan
Mary Denning
John Lawless
Arrests bust international cocaine smuggling ring
SAN DIEGO AP Federal authorities said 59 people are in custody and nine more sought as U S Attorney Peter Nunez described the operation as a cartel moving cocaine from Peru and Colombia. The ring allegedly supplied 20 to 25 percent of U S cocaine and tied to Augustin Mauria La Costa California and Jose Ledgard Miami. Wiretaps aided an 18 month probe with a federal grand jury to hear evidence against about 20 alleged purchasers.
MENTIONED IN THIS ARTICLE
San Diego
United States
U.S
Peter Nunez
Peru
Colombia
Nunez
Augustin Fernando Mauriua
la Costa
Calif
San Diego County
Jose Antonio Ledgard
Miami
Goodyear recalls Wrangler tires for sidewall cracking
Goodyear Tire & Rubber Co recalls about 6000 Wrangler radial truck tires size 8R19.5 with serials MM ending 492 502 512 013 023 033 043 053 063 made at Fayetteville North Carolina in late 1982 and early 1983. Defect may cause premature failure and owners will receive free replacement tires with mounting and balancing if they return the old tires within 60 days after notice.
MENTIONED IN THIS ARTICLE
Akron, Ohio
Goodyear Tire & Rubber Co
Goodyear
Fayetteville, N.C
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