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Aga Khan Urges Sharing Of News Organizations

Date: 03 March 1981

Special to the New York Times

The Aga Khan called here today for the development of shared ''newspaper companies and news organizations between the industrial world and the developing world.'' Addressing the 30th General Assembly of the International Press Institute, the Aga Khan, owner of The Daily Nation, a leading East African paper, expressed sympathy for the complaint of many developing nations that they are treated unfairly by Western correspondents and news-gathering organizations.

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News Analysis

Date: 02 March 1981

By John Darnton, Special To the New York Times

John Darnton

Like a couple of boxers retiring to their corners after a grueling round, the Government and the independent trade union movement are each looking ahead to a respite from strikes and confrontations. Last week, for the first time since the end of the Christmas holidays, Poland was free of labor disruptions, sit-ins or other strife. The union has not formally endorsed the appeal made last month by the new Prime Minister, Gen. Wojciech Jaruzelski, for ''90 days of peace.'' But in private talks with Government officials and in an interview given by the union spokesman, Karol Modzelewski, to a Warsaw newspaper, the union has made it clear that it is willing to go along with the idea.

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Medical World News Sold by McGraw-Hill

Date: 03 March 1981

PHILIP H. DOUGHERTY

Philip DOUGHERTY

Medical World News, for 21 years one of the most popular publications among physicians, has been sold by McGraw-Hill Publications to Hospital Equities, Houston, operator of health care facilities. The magazine, the only medical news magazine, which has a controlled circulation of 111,000, will be run out of Fort Lauderdale, Fla., by the recently formed H.E.I. Publishing Company.

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Gulf Audit Change

Date: 03 March 1981

Reuters

The Gulf Oil Corporation said that its auditors, Coopers & Lybrand, had removed their qualified opinion from financial statements, retroactive to 1978. The auditors had qualified Gulf's financial statements for 1978, 1979 and 1980 because of the uncertain outcome of several uranium-supply suits faced by Gulf. Gulf said that by the end of 1980 it had resolved most of its disputes with the utility customers of its General Atomic Company subsidiary, recorded a provision for possible loss from supply of the uranium and settled its dispute with the Westinghouse Electric Corporation.

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Grace Oil Spending

Date: 03 March 1981

W.R. Grace & Company said it plans to spend $130 million for domestic oil and gas exploration in 1981. The amount is 20.4 percent more than the 1980 expenditures of $108 million. The company also said that a subsidiary, the Grace Petroleum Corporation, had formed a limited partnership and raised $25 million in additional funds for the 1981 exploration and development program.

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Litton NATO Job

Date: 03 March 1981

Reuters

Litton Industries said it had been awarded a $103 million contract from the North Atlantic Treaty Organization for a missile system to be deployed in Italy and France. The company said the system could be deployed in other NATO nations, particularly Greece and West Germany. The French company Sintra will produce the systems as a subcontractor, Litton said.

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News Analysis

Date: 02 March 1981

By Ernest Holsendolph, Special To the New York Times

Ernest Holsendolph

The resumption Wednesday of the antitrust trial against the American Telephone and Telegraph Company represents an unfavorable turn of events for the huge company, many industry analysts say. They argue that if the trial runs its course, perhaps a year or two, it could put off for that long a solution to the question of ground rules by which Bell must operate in new businesses in the telecommunications industry, such as information processing. If the consent decree settlement sought with the Justice Department had been along the lines widely reported, it could have resulted in significantly wider operating rights for Bell and on favorable terms. Such a settlement, it seemed, was nearly at hand between the Justice Department and A.T.& T. before talks broke down last week, setting the stage for resuming the historic antitrust trial.

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Mitsubishi Receives Kennecott Holding

Date: 03 March 1981

Reuters

The Kennecott Corporation said it had transferred a one-third interest in its Chino copper mining and processing facilities near Silver City, N.M., to the Mitsubishi Corporation for an initial cost of $116 million. The transfer is part of an agreement announced earlier under which Mitsubishi will put up one-third of the cost of modernizing the facilities, a project that is expected to cost more than $350 million. When the modernization is complete, Kennecott said, copper production at Chino should increase by about 70 percent, to about 110,000 tons a year, from about 65,000 now.

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Penney's Earnings Increase by 20.3%

Date: 03 March 1981

The J.C. Penney Company, the nation's third-largest retailer of gerneral merchandise after Sears, Roebuck & Company and the K mart Corporation, reported yesterday that net earnings in the 14 weeks ended Jan. 31 rose 20.3 percent, to $160 million, or $2.29 a share, from $133 million, or $1.92 a share, in the 13 weeks ended Jan. 26, 1980. Sales increased 9 percent, to $3.89 billion, from $3.57 billion For the 53 weeks ended Jan. 31, Penney said, net income slipped 4.5 percent, to $233 million, or $3.33 a share, from $244 million, or $3.52 a share, in the 52 weeks ended Jan. 26, 1980. Sales rose 4.5 percent, to $11.35 billion, from $10.86 billion.

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Auto Output Tumbles 22%

Date: 03 March 1981

AP

Production by the five major United States auto makers last month was 22 percent below February 1980, the companies reported today.

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