Icahn offers 8 billion for USX in buyout bid
Carl Icahn proposes an 8 billion cash purchase of USX Corp parent of U S Steel. The 31 a share offer targets 25.3 million shares amid USX losses and a long steel labor dispute while Icahn asserts a 10 percent stake and seeks concessions or profit sharing if the deal proceeds.
MENTIONED IN THIS ARTICLE
New York
USX Corp
Carl C. Icahn
TWA
U.S
USX
Securities and Exchange Commission
Icahn
SEC
David M. Roderick
Spin off of USX may push US Steel into bankruptcy
J G Manley of Metal Bulletin told the Chronicle Telegram speculation grows that USX will spin off its US Steel operations, which could push US Steel into Chapter 11 bankruptcy. Manley, based in New York, cites London based Metal Bulletin as confirming the discussion.
MENTIONED IN THIS ARTICLE
USX
US Steel
J.G. Manley
Metal Bulletin
Chronicle-Telegram
London
Manley
New York City
Keys mediates United Way labor dispute in Lorain County
Elyria mayor Michael Keys acts as intermediary between the United Way of Greater Lorain County and the Lorain County Labor Agency over 1987 funding. The Labor Agency seeks 90 000, up from 67 000, and has urged UAW members to boycott the campaign. The United Way offered a 16 000 increase if extra pledges reach about 106 000 from Ford plants. amendment includes GM Fisher Guide plant. Leaders hope for a settlement to avoid friction and resume public service.
MENTIONED IN THIS ARTICLE
Elyria
Michael Keys
United Way of
Greater Lorain County
Lorain County
Labor Agency
Keys
United Way
Herbert Kaatz
United Auto Workers
UAW
Lorain
Avon Lake
Ford
General Motors
Fisher Guide
Labor
Kaatz
Robert Zelina
Zelina
Nicaragua says Yank captured in Contra air strike
Nicaragua asserts a survivor from a downed rebel supply plane identified himself as a U S military adviser in El Salvador and says three crew members were Americans. U S embassies declined comment with Congress debating aid to the Contras.
MENTIONED IN THIS ARTICLE
Managua
Nicaragua
U.S
el Salvador
Central America
Reagan
Alejandro Bendana
Foreign Ministry
ABC
Nightline
United States
Bendana
Elliott Abrams
Congress
CIA
el Salavador
Eugene Hafenfus
Salvador
Hafenfuf
Playoff Baseball Opens as Red Sox Face Angels
A full-page spread highlights the A-12 showdown with the Red Sox facing the Angels as the baseball playoffs begin. Weather today is partly cloudy with a mid-40s low, and tomorrow's forecast calls for partly cloudy skies and mid-60s highs. Page A-3 features $25 in money-saving coupons in the Chronicle-Telegram.
MENTIONED IN THIS ARTICLE
Red Sox
Angels
Chronicle-Telegram
Teen births rise 44 percent in Elyria area in 1985
Elyria reports 108 births to teen mothers in 1985, up 65 from 1984, with countywide illegitimate teen births up 6 percent to 327 white and 108 black or non white mothers. Oberlin up 33 percent, Lorain down 14 percent, Avon and Avon Lake flat. Agency seeks answers for planning prevention programs.
MENTIONED IN THIS ARTICLE
Elyria
Family Planning Services
Lorain County
Oberlin
Avon
Avon Lake
Karen Frederick
Lorain
Councilman presses for ban on PCBs in transformers
Elyria councilman John Bender urged banning oil containing PCBs after a Friday fire threatened residents when a transformer on Taylor Street was struck by lightning. Firefighters and officials said PCBs in capacitors did not burn, but area safety measures were taken. The city solicitor was asked to study the issue while Bender’s committee addresses the suggestion.
MENTIONED IN THIS ARTICLE
Elyria
John Bender
Council
Public Safety and Environment Committee
Richard Seward
Bender
Cuyahoga County
Taylor Street
THE
City Fire Prevention Bureau
General Industries Co
Also Mentioned on This Page
Uss
Joe Gaughan
Bryan Oxborne
Bryan Osborne
Yank
Nicaraguan Defense Ministry
Reykjavik
Iceland
Ronald Reagan
Mikhail Gorbachev
North Ridgeville
Glen Miller
C-T
Frederick
East Park Recreation Center
Elyma Memoral Hospital
Lorain Area Ambulance Service Co
Majoral Lifecare Ambulance Service Inc
East Broad Street
Park Avenue
Black River
Chestnut Ridge
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