05 Apr 1989
Page 1
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Newspaper
Syracuse Herald Journal
Location
Syracuse, New York, United States of America
Date
Apr 05, 1989
Page
1
Niagara Mohawk Power Corp faced a stock drop while top executives saw rising salaries. A decade ago the stock traded at 14.12 dollars, peaked at 23 in 1986, and stood at 12 last week. Dividends have fallen from 0.36 to 0.30 dollars, with potential further reductions ahead.
In Havana Gorbachev urged a zone of peace in Latin America and an end to outside military aid. He said Moscow would not place bases or nuclear weapons in the region while Castro introduced him to the National Assembly and criticized U S policies and support for anti communist actions.
Richard M Daley, son of a long-time Chicago boss, wins the special election to complete Harold Washington's term. Daley defeats black Alderman Timothy C. Evans, backed by Jesse Jackson, with white support and low black turnout. He pledges Chicago will move beyond division and maintain open City Hall. The win keeps Democrats in control of the nation's third-largest city.
Former baseball commissioner and Los Angeles Olympics chief Peter Ueberroth, leading a California group, expected to announce a bid to acquire Eastern Airlines from Texas Air. The carrier has been grounded since a Machinists strike and bankruptcy filing as Lorenzo seeks a buyer amid market turmoil.
Coast Guard officials said radar could have tracked the tanker before it grounded at Bligh Reef and warned it to stay away. The captain, found intoxicated, remains in hiding as Congress considers tighter spill controls. Exxon plans to tow the vessel to a port, with Japan mentioned, while cities refuse. Oil spills spread across Prince William Sound, killing wildlife and coating 800 miles of coast.
Amber Smith reports on the slow progress of screening for drunken drivers, outlining delays, agency roles, and potential safety implications as part of the A4 Page coverage.
Exxon plans to end confidentiality for employees in its alcohol and drug abuse program, banning those in critical positions from holding jobs. Central New York health professionals warn this could render such programs useless and deter future participation, risking worsening problems.
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