Paramount ups the ante in three way Time Warner bid saga
Time Inc rejected Paramount’s $12.2 billion takeover bid as inadequate and said it would pursue its own $14 billion Warner offer. Paramount conditioned its bid on financing and rights to Time’s 800 cable systems, plus termination of Time’s merger with Warner. Investors eyed shares as the three way struggle shifts toward Delaware Chancery Court.
MENTIONED IN THIS ARTICLE
New York
Time Inc
Paramount Communications Inc
Time
Paramount
Warner Communications Inc
Warner
Jerry Levin
Delaware Chancery Court
Delaware
Time and
Levin
Wall Street
Sears keeps merchandise unit in Chicago area. will build at Hoffman Estates
Sears Roebuck and Co. announced it will keep its 6,000 employee merchandise group in the Chicago area, choosing a new 700 acre Hoffman Estates office complex near O’Hare. Headquarters stay at Sears Tower. Illinois offers 61.1 million in incentives plus 178 million in local tax breaks to deter moves to Dallas or North Carolina markets.
MENTIONED IN THIS ARTICLE
Sears, Roebuck and Co
Chicago
Illinois
Sears
Hoffman Estates
O’hare International Airport
Dallas
North Carolina
Chicago Tribune
Edward Brennan
Sears Tower
Sears’ Credit
Discover
O'Hare
Raleigh
Charlotte
Egg price ranges for retailers in Columbus AP report
In Columbus, price ranges for eggs to retailers are listed by grade and size. Grade A and U.S. Grade A white eggs in cartons delivered to warehouses show extra large at 0.684 to 0.712 per unit, large 0.68 to 0.70, and medium 0.54 to 0.56.
MENTIONED IN THIS ARTICLE
Columbus
U.S
Metal prices on Comex and Merc updates
New York metal prices reported by AP show Gold at 375.10 per troy ounce Silver 53.06 per troy ounce Platinum 512.10 per troy ounce Palladium 162.25 per ounce Aluminum 0.88 per pound Copper 1.0755 per pound Lead 0.39 0.40 per pound Zinc 0.80 per pound Tin 7.9703 per pound Mercury 300 315 per 76 pound flask Spot and Metals Week composite figures included.
MENTIONED IN THIS ARTICLE
New York
NYSE
Anmans
Alcan
Amax
Bhai
BrenFr
BO — Brien
Contel
duPont
Hanson &Se
Huton
Gats Johodik
Kmart
ATEO
Gleb
MGA
Marion
Masco
Bince McOinl
Merck
Bas
MerLyn
Mesafl
Py Mohn
Ader Morgan
Nsemr
NorTel
Pactel
Ste
PrulPet
Promra
Ry Salomu
Seatat
Sears
Shewin
Dat
Andy BO
Tosco
WalMrt
Warnc
Juste
Whitman
Pierre Ro Smith & Co
Lta
Acme Cloye
Alltel
AmerSinp Building Ag
Ft Cpc Inter
Emerson Ro
First Bancorp
Goodrich Girls
Innavare
LCB Bancorp
LNB
Bancorp
Lesco
Nordson
Northern Savings Au Tio Edison Paar
PNC Corp
Parker Hannifin
Sucker
Sunrise Medical Gat Texas Uulies Trw
Woolworth
Comex
Grain bids at yesterday's market closing
Loran County Farm Bureau Cooperative Association Inc Jacat Grain reported closing bids for Wheat at 372 dollars per bushel Shelled Corn at 2.75 dollars per bushel and Soybeans at 709 dollars per bushel.
MENTIONED IN THIS ARTICLE
Loran County Farm Bureau Cooperative Association Inc
Jacat Grain
Eastern pilots hold talks under court supervision over strike threat
Eastern Airlines and its pilots union ALPA met for a second day under court supervision after a first session ordered by U.S. Bankruptcy Judge Burton Lifland yielded little. The talks follow Eastern seeking court permission to cancel the pilots contract for wage concessions while machinists strike and slash flights. A House subcommittee and a Senate GAO review are planned to study the strike’s impact on the industry.
MENTIONED IN THIS ARTICLE
Eastern
ALPA
David I. Shapiro
Dan Ashby
House
Senate
General Accounting Office
Short-term T-bill rates fall to six-month low
The Treasury sold 6.4 billion in three-month bills at 8.07 percent and 6.4 billion in six-month bills at 7.78 percent, both down from last week. Discount rates imply a higher effective yield of 8.35 percent for the three-month issue and 8.21 percent for the six-month issue.
MENTIONED IN THIS ARTICLE
Washington
Treasury
Treasury Department
Creston auction lists 273 consignors selling 620 head
Creston Aucton saw 273 consignors move 620 head of livestock on Monday. Prices ranged across calves hogs sheep cattle with dairy heifer, goats, pony, and hay offerings noted. Specific bids included dairy heifer 635 dollars, goats 134 to 25, hay 2250 to 90, and various cattle and feeder prices across grades.
MENTIONED IN THIS ARTICLE
Creston
Also Mentioned on This Page
New York Stock Exchange
Fred
Anschel
Dean Witter Reynolds
Tno
Hewitt Associates
Dallas Morning News
Mary Jean Houde
Seererens
Mondelte & Levey
Attorneys At Law
Carol D Shrauman
Broad St
Elyria
Rere
International Association of
Kaplan
West Broad St
Burger King
RCA
Philco
Nle
C. D
Hitachi
Sylvania
Teknika
Mitsubishi
Toshiba
Sharp
Cleveland
VISA
U Cor Discover
Creston Livestock
Chronicle-Telegram
Lorain & Cleveland
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