NEWS SUMMARY: THURSDAY, AUGUST 27, 1987
Date: 27 August 1987
LEAD: International A3-11
Genafspiller onsdag den 26. august 1987
26. august 1987 var en onsdag under stjernetegnet for ♍. Det var 237 dag på året. Præsident for USA var Ronald Reagan.
Hvis du blev født på denne dag, er du 38 år gammel. Din sidste fødselsdag var den tirsdag den 26. august 2025, 306 dage siden. Din næste fødselsdag er onsdag den 26. august 2026, om 58 dage. Du har levet i 14.186 dage, eller omkring 340.468 timer, eller omkring 20.428.125 minutter eller omkring 1.225.687.500 sekunder.
Nogle personer, der deler denne fødselsdag:
26th of August 1987 News
Nyheder, som de udkom på forsiden af New York Times på 26. august 1987
REPH in Default
Date: 27 August 1987
LEAD: The REPH Acquisition Company, which bought the Republic Health Corporation last August, said that it was in default under certain bank credit agreements and was open to possible foreclosure proceedings. The company said that an extension previously granted by its lenders expired Tuesday and had not been renewed.
Emery Refinancing
Date: 27 August 1987
Reuters
LEAD: The Emery Air Freight Corporation said it agreed to refinance the $129.9 million of bank debt it took on when it bought the Purolator Courier Corporation. It said it would raise $95 million through asset sales and other means and would get $45 million of pension fund assets by creating an employee stock ownership plan.
Philips Industries
Date: 27 August 1987
LEAD: Philips Industries of Dayton, Ohio, a leading manufacturer of building components, has agreed to acquire the Dearborn Fabrication and Engineering Company of Detroit, a manufacturer of materials-handling equipment. The contract, which must be approved by Philips's board, Dearborn's shareholders and Federal regulators, is for an undisclosed sum that would be paid in cash and notes.
Gillette Is Selling a Unit
Date: 27 August 1987
Reuters
LEAD: Dickson Concepts Ltd., a local wholesaler and retailer of fashion products, watches and jewelery, agreed to acquire S. T. Dupont S.A. of France from the Gillette Company, Dickson's finance director, Joseph Wan, said today. Mr. Wan said the purchase of S. T. Dupont would complement the company's existing product lines.
Allied-Lyons Sale
Date: 26 August 1987
AP
LEAD: Allied-Lyons P.L.C., a major British food and beverage company, said today that it had sold its stake in the Bacardi Corporation for more than $:122 million, or about $197 million. Allied-Lyons acquired a 12 percent interest in Bacardi last year as part of its $:400 million takeover of the liquor division of Hiram Walker Resources Ltd.
Sears Cable Move
Date: 27 August 1987
LEAD: Sears, Roebuck & Company, continuing its push into electronic retailing, said that it had signed an agreement with a cable television shopping subsidiary of the J. C. Penney Company to market a broad range of home products. Sears joins 30 other retailers in offering products on the unit, including Marshall Field & Company, Penney's and Spiegel Inc.
Rosewood Sells Phillips Stake
Date: 27 August 1987
LEAD: Rosewood Financial Inc., which made an unsuccessful $333 million bid for the Phillips-Van Heusen Corporation in July, said today that it had sold ''substantially all'' of the nearly three million shares it held in the apparel company.
Investor to Bid For Harcourt Unit
Date: 26 August 1987
LEAD: Joel Labovitz, an investor based in Duluth, Minn., said that he expected to bid for the trade publishing operations of Harcourt Brace Jovanovich Inc., the publishing giant that is under heavy financial pressures as a result of its costly recapitalization program.