InterNorth drops out of costly Crouse-Hinds deal
InterNorth withdrew its hostile bid for Crouse-Hinds after four months of legal fights, shifting to a friendly merger with Cooper Industries. Cooper and Crouse-Hinds expect votes in March or April. about 4.7 million Crouse-Hinds shares have been tendered, with 18.5 million outstanding.
MENTIONED IN THIS ARTICLE
Dale Kasler
InterNorth Inc
Crouse- Hinds Co
Cooper
Dustries Inc
Crouse- Hinds
Syracuse
Crouse-Hinds
InterNorth
Sam F. Segnar
Alan Riedel
Chicago
U.S
Belden Corp
Illinois
Cook County
Belden
Securities and Exchange Commission
Inter- North
U.S. District Court
New York City
Cooper and Crouse-Hinds
Chris J. Witting
Cooper Industries
Gold and policy shifts pulse through markets and courts
The market mix saw gold and silver decline across London Zurich and New York with prices easing as high interest rates and seasonal weakness persist. The Justice Department urged the FCC to deny CBS ownership waivers and to push divestitures among stations and cable systems. A Buffalo court halted state action forcing SCA Chemical Waste Services to shut its Niagara County waste facility amid regulatory reports.
MENTIONED IN THIS ARTICLE
Actire
London
Zurich
Hong Kong
New York
Handy & Harman
Justice Department
Federal Communications Commission
CBS Inc
Department
Antitrust Division
FCC
Commission
Buffalo
SCA Chemical Waste Services Inc
Niagara County
U.S
John Elfvin
State Department of Environmental Conservation
Robert Flacke
Lewiston-Potter
Chrysler and UAW reopen negotiations in Washington
Chrysler and the United Auto Workers restarted talks in Washington to win federal aid and keep the company afloat. Subcommittees will discuss economics, worker participation, and supervision ratios as deadlines loom for the loan board and a change in administrations. Fraser warned an extension could hinder a deal. Iacocca and Fraser remain at odds over plan revisions.
MENTIONED IN THIS ARTICLE
Washington
UPI
Chrysler
United Auto Workers
Detroit
Chrysler Loan Guarantee Board
UAW
Treasury
G. William Miller
Miller
Douglas A. Fraser
Loan Guarantee Board
Fraser
Lee A. Iacocca
Loser Gains Stature in Takeover Try
InterNorth Inc. has grown from a modest natural gas pipeline company into a diversified energy concern with stakes in liquid fuels petrochemicals and exploration. CEO Sam F. Segnar says staying in Omaha builds credibility and land and cattle jokes aside the firm has no plans to move. Its bid to acquire Crause-Hinds Co. has shaped recent attention.
MENTIONED IN THIS ARTICLE
Omaha
InterNorth Inc
Wall Street
Sam F. Segnar
Segnar
InterNorth
Crause-Hinds Co
Retailers face middle income market in coming year
Retailers plan for a tough year as middle income households with annual earnings between 20 000 and 40 000 curb spending amid inflation energy costs and recession. The segment remains key yet challenged by new shopping attitudes as discounters departments and locals vie for their dollars at the National Retail Merchants Association convention in New York.
MENTIONED IN THIS ARTICLE
New York
New York Hilton
Sheraton Centre
National Retail Merchants Association
Your Money Worth Tips for Phone Service and Ownership
A guide drawn from FCC New York PSC and NCCB offers steps to cut costs and gain choice in phone use. Incentives include independent phones, proper type-approval, downgrading, avoiding operator assisted calls, dial station or direct calls, off hour use, and faster direct dialing for big savings.
MENTIONED IN THIS ARTICLE
Federal Cormmunications Commission
FCC
New York State Public Service Commission
National Citizens Committee For Broadcasting
Washington, D.C
At&t
New York
Bell
Public Service Commission
PSC
New York-Seattle
Bell System
State
Public Regulatory Commission
M St. N.W
NCCB
N.W
Arkansas
Also Mentioned on This Page
C-H
White Knight
Board of Directors
Crovse-Hinds
Business Digest
CBS
S&ls Cautious
IRS
Internal Revenue Service
Federal Reserve Board
Federal Reserve
MIB
Alma Ilacqua
LeMoyne College
Conklin, Labs & Rebee Inc
Thomas Coolican
Cl&e
Dr. Ilacqua
Joe Murphy
Tom Fitzpatrick
New York Times Service
Excl. Automotive Group
Dept. CF Commerce
Herrill Lynch Economics Inc
By Sylvia Porter
This is just the beginning! Our collection holds over 300 years of history, including rare newspapers, obituaries, marriage records, birth records, and so much more—most of which you won’t find anywhere else!