NEWS SUMMARY
Date: 21 December 1988
LEAD: International
21. december 1988 var en onsdag under stjernetegnet for ♐. Det var 355 dag på året. Præsident for USA var Ronald Reagan.
Hvis du blev født på denne dag, er du 37 år gammel. Din sidste fødselsdag var den søndag den 21. december 2025, 191 dage siden. Din næste fødselsdag er mandag den 21. december 2026, om 173 dage. Du har levet i 13.705 dage, eller omkring 328.932 timer, eller omkring 19.735.924 minutter eller omkring 1.184.155.440 sekunder.
Date: 21 December 1988
By Jeremy Gerard
Jeremy Gerard
LEAD: Max Robinson, a television correspondent who became the first black to anchor a network news broadcast, died of AIDS yesterday at Howard University Hospital in Washington. He was 49 years old and lived in Chicago.
Date: 21 December 1988
By Flora Lewis
Flora Lewis
LEAD: There is a sense of vertigo. The proposals and the words are changing so fast there isn't time for the music to catch up. All kinds of old assumptions are being ripped open for new questions. While they assumed the worst, the dread had taken on a kind of worn familiarity.
Date: 21 December 1988
LEAD: * Bausch & Lomb Inc., Rochester, said it had expanded the marketing of its disposable contact lenses into the Boston area.
Date: 22 December 1988
LEAD: * Allegheny International Inc., Pittsburgh, the troubled small-appliance maker, said it was weighing a new takeover offer - made by merchant bankers led by Paul Levy, Angus Littlejohn and Peter Joseph - while continuing to negotiate with a previous bidder, Donaldson, Lufkin & Jenrette Securities Corp.
Date: 22 December 1988
Reuters
LEAD: The New Jersey investor Louis Caiola said he would continue his efforts to acquire the Whittaker Corporation, a technology and chemicals manufacturer, although the company has already rejected his offer of $47.50 a share.
Date: 21 December 1988
Reuters
LEAD: Textron Inc. said it was making an offer for Avdel Ltd. that valued the British fastener manufacturer at $:125.2 million, or about $227 million. Textron, an aerospace and commercial products company based in Providence, R.I., said it urged Avdel shareholders who have accepted offers made on behalf of Rexnord Holdings P.L.C., a unit of Banner Industries, to withdraw their acceptances.
Date: 22 December 1988
Special to the New York Times
LEAD: The S & A Restaurant Corporation, the Pillsbury Company unit that operates the Steak and Ale and Bennigan's restaurant chains, is likely to be sold quickly by its prospective new owners, Grand Metropolitan P.L.C. A spokesman for Grand Met's New Jersey-based United States operations said the company had already received several expressions of interest in the 379-restaurant company.
Date: 21 December 1988
By Anthony Depalma
Anthony Depalma
LEAD: Fed by five years of prosperity and growth, New Jersey, like most of the metropolitan region, is choking on its success. Highways are jammed, water supplies are tainted and taxes continue climbing to pay for the new roads, sewers and services that reach ever farther into the countryside.