Carrier rejects UTC merger and files multiple lawsuits
Carrier Corp rejects United Technologies bid calling it black mail and launches legal actions in New York and Delaware to block the takeover. Chairman Melvin Holm says UTC offer of 28 dollars a share is inadequate and vows to defeat the attempt, pursuing antitrust and securities law challenges.
MENTIONED IN THIS ARTICLE
Carner Corp
United Technologies Corp
Melvins C Holm
UTC
Wrests
Carrier
United
Holm
New York
Delaware
Ween
New York City
Carmer
Th Utc
U.S. District Court
Syracuse
Realtors warn bill needed to prevent mortgage rate rise
The Greater Syracuse Board of Realtors warns that failing to approve legislation to raise the prime mortgage rate from 8.5 to 9.5 percent within a year could dry up home buying in Onondaga County. John Osta notes August sales fell 44 percent from a year earlier, tied to tight credit and high rates. The special session agenda is set by Gov. Carey, with Assembly Speaker Steingut resisting floor debate unless tied to anti redlining measures.
MENTIONED IN THIS ARTICLE
Greater
Syracuse
Osia
Hugh L. Carey
Chrysler Corp
DeWitt
Syracuse University
New York City
Assembly
Stanley Steingut
Steingut
Up State
Senate
San Diego Jet Collision Kills Many In East San Diego
A PSA Boeing 727 carrying 133 aboard collided with a small Cessna 150 near Lindbergh Field and crashed into a residential area in east central San Diego. The wreck sparked fires in homes. witnesses reported no signs of life amid the debris and bodies being taken to hospitals. One ground casualty was reported. John Edgington, a labor official, described the dramatic downward plunge and fire as the jetliner broke routine approach.
MENTIONED IN THIS ARTICLE
San Diego
Pacific Southwest Airlines
Federal Aviation Administration
PSA Flight
Sacramento
Lindbergh Field
PSA
John Edgington
Mission Valley
Insurance hike nixed by New York state official
State Insurance Superintendent Alberti Lewis rejected rate increase requests from about 100 auto insurers and ordered hearings to justify current premiums statewide. He cited no fault law changes and cited second quarter loss ratios of 59.2 percent for physical damage and 61.7 percent for auto liability as basis for action. He noted hearings would start Oct. 6 at World Trade Center, seeking eight months of data ending Aug. 31.
MENTIONED IN THIS ARTICLE
Albany
UPI
Alberti Lewis
Lewis
World Trade Center
New York City
Today's chuckle The first thing that strikes you when you get into a small car is the roof
A lighthearted remark about driving small cars notes the first thing noticed is the roof, quirks of compact vehicles, and a smile ignited by everyday travel. It captures a brief, humorous observation suitable for a column teaser.
Begin Pushes Camp David Peace as Sinai Settlements Cut
In Jerusalem Prime Minister Menachem Begin urged the Knesset to approve the Camp David peace accords, calling the Sinai withdrawals painful but necessary for peace. A pro settlement deputy was expelled after interrupting the speaker as the three day debate opened. Labor backs the accords amid Likud opposition.
MENTIONED IN THIS ARTICLE
Jerusalem
Menachem Begin
Knesset
Camp David
Sinai Desert
Begin
Toto
Likud
Geula Cohen
Sinai
Egypt
Labor Party
Shimon Peres
Chilly Syracuse Tonight With Clear Skies And Lows
The Syracuse area will see temperatures fall to around 40 degrees under clear skies tonight as Hancock Airport forecasters report calm to light north winds. Tomorrow should be sunny with highs near mid 60s and near zero rain likelihood, followed by a Wednesday and Thursday shower chance and a clearing Friday with highs in the upper 60s and lows in the low 40s.
MENTIONED IN THIS ARTICLE
Syracuse
Hancock
National Weather Service
IMF chief cites growth imbalances threatening world economy
IMF managing director Jacques de Larosiere warned that trade and growth imbalances among industrial nations create a difficult and potentially dangerous situation for the world economy. He said the dollar’s decline stems from these imbalances, not solely US fault, and stability won’t arrive until major economies align. He urged against stopgap dollar buying and noted the IMF’s push to increase financial resources by 250 percent was approved by the Interim Committee.
MENTIONED IN THIS ARTICLE
Washington
International Monetary Fund
Jacques de Larosiere
IMF
United States
de Larosiere
U.S
World Bank
Carter
Oswald Imposter Ruled Out By Handwriting Experts
Handwriting analysts told the House committee that 43 samples attributed to Lee Harvey Oswald largely match a single writer and show no evidence of an imposter. One disputed item dated November 8, 1963, to H L Hunt was unclear due to a poor photocopy.
MENTIONED IN THIS ARTICLE
Washington
Lee Harvey Oswald
John F. Kennedy
House
Joseph P. McNally
New York City
Oswald
McNally
Texas Oi
H.L. Hunt
Kennedy
Mously
Harvey
Mexico City
Also Mentioned on This Page
Joseph 4. Porcello
The
New York Stock Exchange
Exchange
Kempeter
Bridgeport, Conn
Bridgeport
Camp Hartell
Windsor Locks
Conn
Lillian Carter
Hebrew Home For the
Bronx
Ses
Mideast
Anwar Sadat
Gerald Ford
Bob Hope
Cleveland
Vincent G. Morotta
Morotta
Ann
Raul
Ganley
Joe Stiches
Winid Santee
Lifestyle Odiruaties
Sylvia
Wilson
UPI Telephoto
Vladimir Horowitz
Rachmaninof
New York Philharmonic Orchestra
Zubin Mehta
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