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The Chronicle Telegram in Elyria, Ohio

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This newspaper page contains 4 articles. Subscribers can read the full text of each article.

Newspaper

The Chronicle Telegram

Location

Elyria, Ohio, United States of America

Date

Apr 06, 1987

Page

8

Bond rally sparks stock surge to new Dow closing high

New York AP reports a government bond rally fueling a broad stock market rally. The Dow Jones industrial average climbed by 69.89 points to finish at a record closing of 2,390.34, marking its largest one day gain.

New York DJIA

Trade imbalances and Latin debt top finance ministers talks

Washington AP reports that trade deficits and Latin American debt dominate the IMF and major economies meetings. Brazil aims to outline a five year growth plan including debt restructuring while the six nation currency pact held from Paris is to be renewed and tested for effectiveness amid a weak dollar and high trade gaps.

Washington United States International Monetary Fund International Organization Brazil Paris Japan West Germany Britain France Canada

Pilots Offer 4.5 Billion to Buy United Airlines

United Airlines pilots propose a 4.5 billion bid to acquire UAL Inc outlining a plan to improve service safety and profitability. The offer includes 300 million from pension funds and a mix of cash notes and assumed debt to cover the remainder.

United Airlines Chicago UAL Inc Richard J. Ferris James Damron UAL Matt Gonring

Supreme Court orders Texaco bond posting in Pennzoil case

The Supreme Court voided a federal ruling that Texaco could post 1 billion in security and avoid a 12 billion bond. By 9 to 0, the justices sent the matter back, noting Judge Brient should have abstained rather than reducing the bond. The constitutional question remains to be resolved by Texas courts on appeal.

Washington Supreme Court Texaco Inc Pennzoil Co Texaco Texas U.S Charles Brient White Plains N.Y Lewis F. Powell Powell

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