Forstmann Little to Buy General Instrument in $1.6 Billion Deal
Forstmann Little & Co agreed to acquire General Instrument Corp a major cable TV supplier for 44.50 a share totaling 1.6 billion. The deal marks a second buyout this year after Gulfstream Aerospace and follows a period with few transactions.
MENTIONED IN THIS ARTICLE
New York
Forstmann Little & Co
General Instrument Corp
Forstmann Little
Gulfstream Aerospace
Chrysler Corp
Theodore J. Forstmann
Major mergers critic calls junk bonds fake wampum
A prominent figure harshly criticizes junk bonds describing them as fake wampum. He has voiced opposition in editorials and in Congress citing legislation last year to curb certain bond types.
MENTIONED IN THIS ARTICLE
Congress
Toy Carner Corp Wins $5 Million Cooling System Bid
Toy Carner Corp has won a contract exceeding $5 million to supply four cooling systems for Indianapolis. Mid-America Energy Resources, a municipal subsidiary, will buy the systems for a new district cooling plant delivering chilled water to downtown buildings. The Syracuse built units aim to cut costs, though employment at the local plant will not rise, according to spokesman Rick Whitmyre.
MENTIONED IN THIS ARTICLE
Carner Corp
Indianapolis
Mid-America Energy Resources Inc
Syracuse
Rick Whitmyre
Toyota Cressida Tops J D Power Quality Study
Toyota Cressida shows the fewest problems in a J D Power quality survey, with Corolla Camry and Lexus also ranking in the top 10 in the annual study reported by the New York Times.
MENTIONED IN THIS ARTICLE
Detroit
Toyota Motor Corp
J.D Power & Associates
New York Time
Building slump persists in May as spending dips
Washington reports a continued construction slump with May spending down 0.4 percent to a seasonally adjusted annual rate of 445.6 billion. The Commerce Department noted declines across residential, non-residential and government construction, following a 2.2 percent drop in April.
MENTIONED IN THIS ARTICLE
Washington
Commerce Department
Two High School Buddies Buy 95X Radio Station
Pilot Communications of Syracuse Inc buys WAQX 95X from Atlantic Ventures Corp for 4 million dollars, first station for Pilot. Syracuse University professor notes inflated 1980s values and market decline, while Atlantic shifts focus to larger outlets WRMM in Rochester and WRKO in Boston.
MENTIONED IN THIS ARTICLE
Syracuse
Pilot Communications of
Syracuse Inc
WAQX
95X
Atlantic Ventures Corp
Atlantic
Pilot
Roosevelt R
Rick” Wright, Jr
Syracuse University
Atlantic Ventures
WRMM
Rochester
Wrko-Am
Wror-Fm
Boston
Wntq-Fm
Wyyyfm
Wsyr-Am
James Leven
Pilot Communications
William Vassar
Page BT
First Salina North office under way
A 20,000 square foot office is rising in Salina North off Buckley Road as the first of 10 to 12 planned structures. Project director Fred Jackson of Reynolds Metal Development Co says buildings are speculative and will be leased or sold. the first aims at about $2 million with Haynor Hoyt Corp as general contractor.
MENTIONED IN THIS ARTICLE
Bulding
Salina North
Buckley Road
Fred Jackson
Reynolds Metal Development Co
Jackson
Haynor Hoyt Corp
Haynor Hoyt
Salina
Fed eyeing rate cut to avert recession this summer
Fed policymakers at the mid year meeting are likely to cut rates in coming weeks to spur growth as signs of economic softness appear. Analysts say political pressure will not drive the move, despite Bush’s deficit talks.
MENTIONED IN THIS ARTICLE
Washington
Federal Reserve
Bush
Federal Open Market Committee
Fed
David Jones
Aubrey G. Lanston & Co
New York
Open Market Committee
Microwave Filter buys Niagara Scientific in stock deal
Microwave Filter Co Inc acquired Niagara Scientific Inc for 375000 in stock creating a wholly owned subsidiary. Microwave Filter plans to grow the combined business leveraging its plant and marketing tools while projecting sales to rise about 50 percent in the next year.
MENTIONED IN THIS ARTICLE
Syracuse
Microwave Filter Co Inc
Niagara Scientific Inc
Microwave Filter
Glyn Bostick
Bostick
Niagara Scientific
Schroeder Machines
Colgate Palmohive
General Mills
Pepsi Cola
Pillsbury
Korean Pico workers to fast for their pay
Three South Korean union workers begin a one week fast in protest of Pico Products Inc. The union seeks back wages and severance from the Buchan City factory closed in February 1989. Pico acknowledges some debt but will not meet with the union.
MENTIONED IN THIS ARTICLE
Pico Products Inc
Fast For
Buchan City
Pico
Harold Thrippleton
Jum-Soon Yoo
Song-Rye Hong
Young-Hye Kang
Pico Korea
Bernard Hitchcock
Nora Choi
South Korea
Choi
Also Mentioned on This Page
Forstmann
By Leslie Wayne
New York Times News Service
Saks Fifth Avenue
Norton Co
Beatrice Co
RJR Nabisco
Georgia Pacific Corp
Great Northern
Nekoosa Corp
Philip Morris Cos
Jacobs Suchard
Rhone-Poulenc SA Rover Group Inc
Foratmann Little & Co
General Instrument
Corp
ConAgra Inc
Béatrice Co
American International International Lease
Group Inc. Finance Corp
U S
Reckitt and Colman Boyla-Midway
American Home Products Corp
Dan Padovano
Toy
Carrier
Toyota Cressida
NY Times News Service
Jim Fox
Vernon
Schneid Construction Go
Ene
Cooper
NYNEX
H Smith Corona
Oneida Ltd
UTC
Ioquaig Banc
Allied Sig
Fay's
Ng Pail Corp
Xerox
PAR Tech Midlantic
Norstar
At&t
General Electric
Penn Traffic
Onbancorp Inc
Treasury Kills
Bristol
General Motors
Anaren
Micrane Park
Philip Morris
Nt Dollar
Gan
CanPac Ltd
Center Bank
Raymond Corp
Carlisia
IBM
Church & Owl
Chase Manhattan
Kemper
E Reynolds
Comm Bank Lyst
Chrysler
Key Corp
Dean Witter Reynolds Inc
Sears
Denalesa
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!