Forstmann Little to acquire General Instrument
Forstmann Little & Co. will buy General Instrument Corp., a major cable TV supplier, for $44.50 a share, about $1.6 billion. This marks the firm’s second buyout this year after Gulfstream Aerospace. founder Theodore J. Forstmann touts “real money people” as junk bonds fade.
MENTIONED IN THIS ARTICLE
New York
Forstmann Little & Co
General , Instrument Corp
Forstmann Little
Gulfstream Aerospace
Chrysler Corp
Theodore J. Forstmann
Critic Kennedys Target on Junk Bonds Spurs Reform Talk
A spoken critic calls junk bonds fake wampum and pushes curbs. He attacks them in editorials and in Congress, where he urged last year for legislation to restrict these bonds.
MENTIONED IN THIS ARTICLE
Editori
Congress
Carrier Corp to Supply Four Cooling Systems for Indianapolis
Ita Carrier Corp wins over five million dollar contract to furnish four cooling systems for a new district plant serving downtown Indianapolis. Mid-America Energy Resources buys the systems for chilled water in area buildings. Production in Syracuse planned. no local job growth expected per spokesman Rick Whitmyre.
MENTIONED IN THIS ARTICLE
Carrier Corp
Indianapolis
Mid-America Energy Resources Inc
Syracuse
Rick Whitmyre
Toyota Cressida Tops J.D. Power Quality Survey
The Toyota Cressida shows the fewest problems in a yearly quality survey by J.D. Power & Associates, with Corolla Camry and Lexus also ranking in the top 10 in the New York Times report.
MENTIONED IN THIS ARTICLE
Detroit
Toyota Motor Corp
J.D. Power & Associates
New York Time
Building slump continues in May
Washington reports construction spending fell 0.4 percent in May marking a second straight monthly decline. The Commerce Department cited declines across residential non residential and government sectors, with a seasonally adjusted annual rate of 445.6 billion dollars.
MENTIONED IN THIS ARTICLE
Washington
Commerce Department
Syracuse high school buds buy 95X for 4 million
Pilot Communications of Syracuse Inc confirms it has purchased WAQX known as 95X from Atlantic Ventures Corp for 4 million. The sale shifts ownership as Roosevelt R Wright Jr of Syracuse University notes the inflated station values of the 1980s have faded.
MENTIONED IN THIS ARTICLE
Syracuse
Pilot Communications of
Syracuse Inc
WAQX
95X
Atlantic Ventures Corp
Atlantic
Bre
Roosevelt R
Rick” Wright Jr
Syracuse University
Newhouse School of Public Communications
Atlantic Ventures
WRMM
Rochester
Wrko-Am
Wror-Fm
Boston
Wntq-Fm
Wyyyfm
Wsyr-Am
Jamies Leven
Pilot Communications
Pilot
William Vassar
First Salina North office under way
A 20 000 square foot office building is rising in the Salina North office park on Buckley Road as the first of 10 to 12 planned structures. Developer Reynolds Metal Development Co says the project is speculative, to be leased or sold to prospective tenants, with a cost near 2 million dollars. Haynor Hoyt Corp. is the general contractor.
MENTIONED IN THIS ARTICLE
Salina North
Buckley Road
Fred Jackson
Reynolds Metal Development Co
Jackson
Haynor Hoyt Corp
Haynor Hoyt
Salina
Fed may cut rate to avert recession this summer
Fed policymakers meeting in Washington appear inclined to ease rates in coming weeks amid signs of economic softness. Analysts say political pressure from President Bush is unlikely to drive the move, even as economists note consumer spending weakness and sluggish job growth. The Open Market Committee began its two day review amid softer data since the May meeting.
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 Merger Deal
Microwave Filter Co Inc purchased Niagara Scientific Inc for 375000 in stock to form a wholly owned subsidiary. CEO Glyn Bostick said Niagara’s sales could rise about 50 percent in 12 months as the merger leverages Microwave Filter’s plant and marketing tools.
MENTIONED IN THIS ARTICLE
Syracuse
Microwave Filter Co. Inc
Niagara Scientific Inc
Microwave Filter
Glyn Bostick
Bostick
Niagara Scientific
Schroeder Machines
Colgate Palmolive
General Mills
Pepsi Cola
Pillsbury
Chrysler uses stock options to retain top executives
Chrysler Corp issued one time stock option awards to about 1800 executives to curb a brain drain after 1989 quality gains. Officials said the move also serves as incentive as resignations last quarter ran three times above normal. The exact numbers and price were not disclosed.
MENTIONED IN THIS ARTICLE
Detroit
Chrysler Corp
Lee Sechler
Chrysler
Money Rates In Some Cases Averages Listed
In some instances the posted rates reflect averages rather than individual quotes. The report notes variability by lender and type of service, with borrowers urged to compare multiple offers and confirm current fees and terms before committing.
Also Mentioned on This Page
Forstmann
By Leslie Wayne
New York Times News Service
Saks Fifth Avenue
Norton Co
Beatrice Co
RJR Nabisco
Emusic
Tr Pye Walt Ge la'Pac
Great Northern
Joosa Corp
Philip Morris Cos
Jacobs Suchard
Rover Group Inc
General Instrument
Corp
Beattion, Co
American International International Lease
Bilion Group Inc. Finance Corp
U.S
Ita
Carrier
Toyota Cressida
The
Associated Press
Ath
Ny, Times News Service
SV Wh
Irban School Buddies
Jim Fox
Vernon
Schneid Construction Co
Ae Leal
AMEX
Sh -Ia
Cooper
Smith Corofia
Bnk Rehster
Anheuser Busch
Eastman Kodak
Nyse&g
Usair
Goulds
Alcan
Nc Echlin
Yo Oneida Ltd
le Utg
Nc Bristol
General Motors
Philip Mortis
Te Park
CanPac Ltd
Raymond Corp
Carlisle
IBM
Church & Dwi
Ng al “Te
Chase Manhattan Kemper Reynolds
Sank Syst
Key Corp
Roch Telephone
Dean Witter Reynolds Inc
Gont Info
NiMo
Ac Sears
Treasury
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