FCC trims AT&T rates by another $650 million
The FCC ordered AT&T to cut long distance rates by about 650 to 700 million, boosting total 1987 reductions to near 1.9 billion or 11 percent. The changes shift more savings to night and weekend calls, with further cuts in WATS and weekday rates, while local rates are expected to stay flat.
MENTIONED IN THIS ARTICLE
FCC
At&t
Washington
American Telephone & Telegraph
Federal Communications Commission
Mark S. Fowler
Fowler
At&T’s
Commission
WATS
Exxon sells two South Africa affiliates to independent trust
Exxon Corp announced the sale of its two small South African affiliates, Esso South Africa (Pty.) Ltd. and Exxon Chemical (Pty.) Ltd., to an independent trust. The move follows pressure over apartheid and aims to keep operations and social programs for about 200 employees. The firm cited deteriorating economic climate and difficulties in selling the units, noting 1985 revenue of $93.2 billion and 02 percent of Exxon worldwide sales from the two entities.
MENTIONED IN THIS ARTICLE
New York
Exxon Corp
U.S
South Africa
Esso South Africa (Pty.) Ltd
Exxon Chemical (Pty.) Ltd
Exxon
Lawrence G. Rawl
Raw
Xerox Corp
Xerox
Rank Xerox Ltd
Mobil Corp
Lawyers rush to close 86 deals before tax law takes effect
Wall Street deal makers including John D'Alimonte of Willkie Farr & Gallagher work long hours over the holidays to finish mergers and acquisitions by midnight Wednesday. The rush aims to capture tax advantages under the new federal law that increases costs for many deal structures. Goldman, Sachs & Co. executives note a backlog but say focus remains on year end closings.
MENTIONED IN THIS ARTICLE
New York
Wall Street
Colorado
Caribbean
John D’alimonte
D’alimonte
Willkie, Farr & Gallagher
Federal
Willard
Aqua Marine changes ownership name in Avon Lake
Aqua Associates Limited Partnership bought the 65 acre Aqua Marine Ramada Inn for 4.4 million on Oct 22. The hotel will drop the Ramada sign today and rename as The Aqua Marine Hotel and Resort effective Thursday. 2.5 million in improvements begin in January with renovations to public areas, landscaping, and golf course upgrades planned by Memorial Day.
MENTIONED IN THIS ARTICLE
Avon Lake
Aqua Marine Ramada Inn
Aqua Marine Hotel and Resort
William Duffy
Aqua Associates Limited Partnership
Pittsburgh
Duff Hospitality Corp
Commonwealth National Corp
Also Mentioned on This Page
Consumer Federation of America
Bell
Pasadena
Calif
Ann Arbor
Michigan
Edith Herman
IBM
General Motors
Barclays Bank
Kodak
Independent Charitable Trust
Exxon Severs
S. African Ties
Independent Trust
General Motors Corp., International
MOBIL
John Lord
Lord
Merkyn
Ma & New York
Meslp Pft
Lio Me
NYSE
Closs Ch Mobil
Ase
AMR
AbtLo
Mon
AL al
Ae Philak
BakAny
Tas
Ye PhilMiss
Tse Bausch
Absye Bata PhilPet
Baxter
Pond
Aqta
BethSt
Boeing
Sysco
Ekodk
UmTel
Unewial
WalMrt
Sheale Veaste
Wendy S
Bayre
Lucky
Cho Fadison
Parker Hannifin
Marion
Texas Uoltes
Woolworth
York International Timec
J. Overlock Jr
Goldman, Sachs & Co
Aqua Marine
Karen Edwards
C-T
Duffy
William D. Duffy
Pennsylvania
The
Virginia
Florida
Station Square
Lorain County
Cleveland-Akron-Canton
Youngstown
Kathy Lynch
Avon Lake Council
David McBride
Tad
Humphrey-Cavagna
Elyria
Lorain
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