NEWS SUMMARY
Date: 26 April 1989
INTERNATIONAL A3-14 A Soviet political purge of 110 holdovers in the top Communist Party leadership was approved by the party, which also promoted two dozen junior leaders. Page A1
Genafspiller tirsdag den 25. april 1989
25. april 1989 var en tirsdag under stjernetegnet for ♉. Det var 114 dag på året. Præsident for USA var George Bush.
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25th of April 1989 News
Nyheder, som de udkom på forsiden af New York Times på 25. april 1989
Publishers Take Hard Look at Yesterday's News
Date: 26 April 1989
By Alex S. Jones, Special To the New York Times
Alex Jones
As if they did not already have problems enough with circulation and advertising, the nation's newspaper publishers now also have to worry about garbage.
GBP Industries
Date: 26 April 1989
GBP Industries announced that it had agreed to sell all of its outstanding stock to Sullivan Graphics Inc. Terms were not disclosed. GBP Industries, which is privately held and based in Buffalo, owns seven printing operations in the United States and Canada that produce high-volume products. It had revenues of $472 million in 1988. Sullivan Graphics was formed last August by James T. Sullivan, its president, and the investment firm of Golder, Thoma & Cressey.
Banner Industries
Date: 26 April 1989
Reuters
Banner Industries said it had bid $457 million, mostly in cash, to acquire the aircraft braking systems and engineered fabrics divisions of the Loral Corporation, a company whose leading business is military electronics systems. Banner said its proposal was higher than a recently announced bid of $425 million in cash and notes by Bernard L. Schwartz, Loral's chief executive and one of its largest shareholders. Banner said its proposal consists of $432 million in cash and a $25 million face amount subordinated convertible debentures similar to the debentures offered by Mr. Schwartz. Banner said its offer was not subject to financing.
NCNB Won't Bid Again for Citizens
Date: 26 April 1989
AP
The NCNB Corporation has no intention of resubmitting an offer for the Citizens and Southern Corporation, NCNB's chairman, Hugh L. McColl, said, calling the withdrawal of $2.4 billion bid ''the end of the saga.'' But at a news conference at NCNB's Charlotte headquarters, Mr. McColl also promised to continue his company's aggressive expansion efforts in the Southeast into the 1990's.
A Visionary For the City: Frederick August Otto Schwarz Jr.
Date: 25 April 1989
By Robert D. McFadden
Robert
This spring, as he has worked on the most fundamental restructuring of New York City government in this century, Frederick A. O. Schwarz Jr. has sometimes compared the task of the Charter Revision Commission he heads to that of the framers of the United States Constitution.
Gateway Talks Are Reported
Date: 25 April 1989
AP
The Gateway Corporation, a British food retailer that is the target of a hostile $2.9 billion takeover bid from a group of British investors, said today that it had been approached by Kohlberg, Kravis, Roberts & Company, the United States leveraged buyout house.
United Air Jet Order Expected
Date: 26 April 1989
United Airlines is expected to announce an order for nearly 200 narrow-body aircraft from the Boeing Company worth about $7.5 billion, industry sources said yesterday.
Ranks Hovis in Offer For Goodman Fielder
Date: 25 April 1989
Reuters
Ranks Hovis McDougall P.L.C. of Britain stunned the Australian stock market today with a bid valued at $2.4 billion for Goodman Fielder Wattie Ltd., the largest food company in Australia and New Zealand.