Carrier to study merger bid from United Technologies
Carrier Corp. directors will meet at 3 p.m. Thursday to consider UTCs unsolicited bid. Carrier announced the special meeting as reports said management may oppose the takeover. A statement is promised after the meeting, while the NYSE halt on Carrier stock remains in place to await the board position.
MENTIONED IN THIS ARTICLE
Joseph A. Porcello
Carrier Corp
United Technologies Corp
Hartford, Conn
Carrier
Syracuse
New York Stock Exchange
United Technologies
UTC
Carter Sadat Begin warmly hailed after Camp David
Washington observers praised the triad of leaders as they entered Congress for a joint session. Carter received rapturous ovations while Sadat and Begin nodded and smiled, their reception described as unreserved and intensely emotional. The trio exited together, arms linked, after Carter’s address.
MENTIONED IN THIS ARTICLE
Washington
Jimmy Carter
Anwar Sadat
Menachem Begin
House of Representatives
David
Carter
Israel
Begin
Egypt
Sadat
Rosalyn
Thomas Duncan
Congress
Capitol
Regin
Mrs. Carter
James T. Malloy
Speaker
United States
Begin asserts Israeli sovereignty over West Bank and Gaza
Prime Minister Begin told Congress that Israel will not surrender sovereignty or troops in the West Bank and Gaza Strip. He warned against interpreting Camp David as Arab sovereignty restoration. Secretary Vance plans visits to drum up support, with Sadat outlining Jordan and Saudi roles and planned talks with King Hassan of Morocco.
MENTIONED IN THIS ARTICLE
Washington
Menachem Begin
Congress
Israel
West Bank
Gaza Strip
Begin
House
Camp David
Anwar Sadat
Capitol Hill
Cyrus R. Vance
Hafez Assad
Jordan
Saudi Arabia
Sadat
Senate Foreign Relations Committee
Middle East
Rabat
Morocco
Hassan
Cairo
Hussein
Frank Church
Idaho
Foreign Relations Committee
Egypt
United States
Jordan River
Judea
Samaria
Carrier stockholders eye UTC merger offer and stock terms
UTC offered to exchange securities or purchase 49 percent of Carrier common at 28 dollars a share if the merger is not accepted. Preferred stockholders would receive 50.82 a share convertible to common. Carrier stock trades halted pending news as sales and earnings rise in the third quarter and nine months, driven by air conditioning and the Inmont merger.carrier said it received an unsolicited merger letter and would comment after management review.
MENTIONED IN THIS ARTICLE
Exchange of Securities
UTC
NYSE
Carrier
Syracuse
Inmont Corp
Carrier Management
United Technologies Corp
U S balance payments deficit shrinks to 2.26 billion
The Commerce Department says the April to June balance of payments deficit for the United States totaled 2.26 billion dollars, less than half the size of the first quarter deficit. It marks an eighth straight quarterly deficit but shows notable improvement over the prior two quarters. It covers trade tourism services and government payments abroad.
MENTIONED IN THIS ARTICLE
Washington
UPI
United States
Commerce Department
Robber bolts shocked courtroom in county case
Ronald Lee Morton, 27, a convicted armed robber, bolted from the County Courthouse as he was to be sentenced to 12 to 25 years. Police sought Morton after he fled past deputies, pushing a parole officer, and vanished near the cathedral. Judge Cunningham planned maximum 12 to 25 years at Attica for the first degree robbery and related charges.
MENTIONED IN THIS ARTICLE
Rick Reenhard
Ronald Lee Morton
S. Townsend St
Moulton
William Ryan
State Street
Montgomery Street
Patrick J. Cunningham
Donald Fittipaldi
State Police Organized Crime Task Force
Fittipaldi
Cathedral of the Immaculate Conception
Robert Harp
Michael Marinelli
Edward McNabb
Presidential Plaza
Marine Midland Bank
Hardlee Maye
Asst. Dist
John F. Laidlaw
Robert Obrist
Cunningham
Jurors Deliberate Fifth Day In Sheeran Trial
The nine women and three men in the Onondaga County case of Deputy County Comptroller Richard G. Sheeran continue deliberations on 51 charges of illegal fundraising. After eight weeks of testimony and extensive legal briefing, jurors spent about 19 hours deliberating with more testimony read back and questions on conspiracy elements.
MENTIONED IN THIS ARTICLE
Richard G. Sheeran
Sheeran
Onondaga County
Syracuse
State Supreme Court
Lyman H. Smith
Grand jury to probe Garrow escape and death
A Dutchess County grand jury will begin investigating the escape and death of Robert Garrow, a four time convicted murderer. District Attorney John King said the probe will review evidence gathered by state police and consider whether the guards’ shooting was justified. The Fishkill prison section for elderly and handicapped inmates is to be closed.
MENTIONED IN THIS ARTICLE
Poughkeepsie
Robert Garrow
Dutchess County
John King
King
Garrow
Fishkill
Gar- Ton
Lottery third weekly football game number announced
The state Lottery Division announced the winning digits for the third weekly football game as 74647. Based on the last digits of Jets Bills Giants Colts Patriots, the payoff starts at $20 for three matches, $200 for four, and $10,000 plus a four person trip to the Orange Bowl for all five.
MENTIONED IN THIS ARTICLE
Albany
UPI
Jets
Bills
Giants
Colts
Patriots
Warm spell ends as temperatures rise to near 89
The forecast calls for a warm up with tomorrow's highs near 89 under sunny periods after a cool night around 60. A 20 percent chance of rain and variable winds under 10 mph accompany the mild weather as warmer air moves in.
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Vance
Mideast
By Donald M. Rothberg
U.S
Ryan
South State Street
Public Safety Building
Steve Serlin
Motion
Copper Kettle
Harrison St
Cunnigham
Attica
Jeff Rea
Office of Revenue Sharing Records
New York State
Eastchester
Westchester County
Dering Harbor Village
Suffolk County
Lenox
Madison County
Onondaga Nation
Oneida Nation
Village of DeRuyter
Realty USA
John Lang
CPI Tetepnoto
Afl-Cio
George Meany
United Steelworkers Convention
Atlantic City
Peete Pere
Ganley
Joe Junior
Wee
Porter
Sylvia
Wilson
Hancock
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