Why TV News Is So Expensive
Date: 03 April 1987
By Dan Cordtz: Dan Cordtz Is Economics Correspondent For Abc News
As a reporter who has covered business for 32 years - the last 12 for ABC News - I am nonplussed by the rhetoric being used to describe the current wave of firings and budget cuts at network news divisions.
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NEWS SUMMARY: FRIDAY, APRIL 3, 1987
Date: 03 April 1987
International A3-8 Andrei D. Sakharov's strong support of the policies of Mikhail S. Gorbachev has caused some disillusionent among Soviet dissidents who had viewed him as a hero of almost mythical proportions. Page A1
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Bethlehem Prices
Date: 02 April 1987
The Bethlehem Steel Corporation said it had raised the base prices of its carbon, high-strength and low-alloy plate steel by $25 a ton, or about 6.5 percent, effective July 1. The company said its composite prices for alloy plates would also increase by $25 a ton. The company does not publish its prices for those products. Bethlehem said the affected products represent about 8 percent of its sales. The increases follow a similar move by the USX Corporation, which recently increased prices on its plate products by 7.2 percent.
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Delta Merges With Western
Date: 02 April 1987
AP
Delta Air Lines said it completed its $860 million merger with Western Airlines today and informed most of its new employees that they had lost their union representation.
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IT'S IN THE CARDS: A TOPPS OFFERING
Date: 02 April 1987
By Leslie Wayne
Leslie Wayne
As any owner of a 1951 baseball card featuring Mickey Mantle can attest, it pays to be a collector more than a fan. While the Yankee legend long ago hung up his spikes, the Topps Company card of the slugger still packs a wallop: It is now worth $1,000 and up.
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Boliden-Allis Deal
Date: 02 April 1987
Reuters
Boliden A.B., the Swedish mining and metals group, said it would buy the mining machinery division of the Allis-Chalmers Corporation for 600 million kronor, or about $90 million. The move is part of a restructuring announced by Allis-Chalmers March 4. Allis-Chalmers, which is based in Milwaukee, said it did not expect any material gain or loss from the sale of the division, which employs 4,300.
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LOSS SEEN BY MELLON; PAYOUT CUT
Date: 03 April 1987
By Eric N. Berg
Eric Berg
The Mellon Bank Corporation of Pittsburgh said yesterday that it would report a first-quarter loss of between $55 million and $65 million, news that sent its stock plunging.
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Busch Faces 2 Investigations
Date: 03 April 1987
AP
The Anheuser-Busch Companies, parent of the world's largest brewer, said it was under investigation by the Federal Bureau of Investigation and a Federal grand jury over reports that some executives had received improper payments.
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CPC, Ajinomoto In Asian Venture
Date: 02 April 1987
Reuters
CPC International Inc., the large food concern that has been restructuring since it became a takeover target, said it had agreed to sell interests in several Asian grocery businesses. The interests - in Hong Kong, Malaysia, the Philippines, Singapore, Taiwan and Thailand - will be sold for $340 million to the Ajinomoto Company, a large Japanese food enterprise. The businesses will be operated as a joint venture of CPC and Ajinomoto.
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