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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
Aug 03, 1987
Page
8
Ex Governor and former U S Treasury secretary John Connally, age 70, seeks Chapter 11 protection amid a sharp oil downturn that toppled his Barnes Connally real estate ventures. He says assets like art will be auctioned, but any new earnings remain his. He plans to work in law or deal making and vows not to seek aid or retire.
General Electric Co PLC agrees to buy the remaining Lear Siegler aerospace assets for 205 million dollars from an investor group led by Forstmann Little. The purchase includes Lear Siegler Astronics Corp of Santa Monica and Lear Siegler Developmental Sciences of Ontario California. The Forstmann group had recently sold most of the unit to Smiths Industries PLC for 350 million.
Experimental Census calculations suggest counting noncash government benefits such as food stamps housing subsidies and Medicaid could reduce the official 13.6 percent poverty rate to between 9 and 12.5 percent in 1986. The elderly would see the sharpest drop, while the overall effect varies by how benefits are valued.
Legal notice indicates examination by Mel Communton of Ohio at the office of Obie Edson. Details and scope not fully clear in OCR fragment. reads as a formal procedural notice with involved parties named and a filing location.
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