Γενέθλια, Ημερομηνία Γέννησης

NEWS SUMMARY

Date: 24 October 1989

INTERNATIONAL A3-17 Moscow admitted violations in Afghanistan. The invasion broke Soviet law and international norms of behavior, Foreign Minister Shevardnadze told the Soviet legislature. Page A1

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Alexander's In the Bronx

Date: 25 October 1989

Alexander's Inc., the New York-based chain of 11 department stores, will open a new 147,000-square-foot department store in the East Bronx, which will be its first new store in nine years.

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Sheraton Moscow

Date: 25 October 1989

Reuters

The Sheraton Moscow, the first luxurious American hotel in the Soviet capital, will be built one mile from Red Square, Soviet and United States officials said. Sheraton officials described the six-floor, 450-room hotel as unprecedented in the Soviet Union. It will cost $75 million to construct at 26 Gorky Street, one mile from Red Square in the heart of Moscow, and is expected to be complete by 1992. The hotel, which is expected to charge $140 a night for a room, is the first of two to be built in Moscow under the agreement.

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Pinnacle in Talks

Date: 24 October 1989

Reuters

The Pinnacle West Capital Corporation declined to confirm rumors that it was nearing an agreement with Federal regulators on the sale of its loss-ridden Merabank subsidiary. Analysts said that if a sale is not arranged by Dec. 7, strict new capital rules could require Pinnacle West to inject some $300 million to $400 million into Merabank. Pinnacle West's stock was off $1.625 today, to $9.125, on the New York Stock Exchange, where its decline of 15.1 percent was the largest of the day.

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News Summary

Date: 25 October 1989

International A3-15 President Bush spoke of Germany,predicting major changes in its status in the next decade and playing down European fears about the possibility of reunification. Page A1 East Germany elected Egon Krenz President, although there were votes against him in the usually deferential Parliament. He urged an end to the current protests. A15 Words fly on Marx-Engels-Platz: ''We want democracy'' A14 Freedom can cause headaches, Hungarians have found. As they near democracy, Hungarians are coping with soaring prices and squabbling politicians. A11 Shevardnadze in Poland for talks A12 Soviet legislature votes to abolosh official seats A13 North Korea's nuclear capability, including the possibility that it may be trying to develop nuclear weapons, is causing worry in Washington. Secretary Baker has characterized the problem as ominous. A9 Seoul agrees to buy 120 U.S. fighters A3 Cambodia vexes Singapore chief A3 China says Hong Kong apoligized in dispute A5 Lebanon's Parliament is to meet in Beirut in two weeks, elect a new President and begin changes to end its civil war, Saudi Arabia said. A6 Israel accepts U.S. plan on talks, with a catch A7 Crying ''sellout,'' Beirut Christians rally against accord A6 Behind the failed coup in Panama and subsequent debate over it lies a history of secret Bush and Reagan Administration plans that went awry or were resisted by Congress. A10 Amnesty International issues report on illegal state killings A8 National A16-29 The diaries of President Reagan may be used by John Poindexter's defense, but the papers of President Bush when he was Vice President may not be used, a judge ruled. A1 Sweeping restrictions on abortion were approved by the Pennsylvania House of Representatives. The move may allow Supreme Court to reconsider a landmark ruling. A1 Jim Bakker got 45 years in prison and $500,000 in fines. At the sentencing, the Federal judge called the television evangelist the mastermind of a ''massive fraud.'' A1 All the bodies from Highway 880 in Oakland have most likely been recovered, the police said, though 56 cars remain on the earthquake-damaged road. A1 House approves aid package for quake and storm victims A28 U.S. relief agency seeks relief from criticism A29 How bad was the UAL deal? Outside of initiating panics in the stock and bond market, the deal seems to have damaged the credibility of everyone in its path. A1 Dow ends 3.69 lower in a wild day D1 ''Degradable'' plastic products and the marketing campaign behind them could be causing more environmental problems than they are solving. A1 Exxon sues Valdez over cleanup A23 Twenty-four people may have died and little hope was held of finding survivors in the wreckage of a petrochemical complex ruined by an explosion on Monday. A18 Reverberations for industries but not for U.S. households A18 Lawmakers are expected to clash over Federal spending priorities as Congress begins a budget conference. Their aim is to shave a modest sum from the Federal deficit. A20 A White House counterattack began, seeking to divert attention to the Federal budget and away from emotional and politically troublesome issues like abortion. A20 Commutes from inner-city to suburb are increasingly popular around the country, serving low-income residents who need jobs and suburban employers short of workers. A16 How Mississippi clung to segregation in a speech A19 Poll shows homosexuals gain more acceptance A24 Regional B1-6 A school board was suspended by Chancellor Mecklowitz for making appointments in School District 27 based on ''political agendas.'' A1 Mayor Koch unveiled spending cuts, fee increases and other measures to close a $530 million budget deficit this year and reduce an even larger deficit expected next year. B1 Social-service trims proposed B2 David Dinkins and Rudolph Giuliani are adjusting their strategies to a tightening mayoral campaign. Polls put Mr. Giuliani within striking distance of an upset. B1 In Midwood, the big issue is still Jackson B1 Three Cabinet members to make appearances for Giuliani B3 stimating the value of Inner City stock B3 Will New Jersey taxes go up? Both candidates for governor say they do not plan to raise taxes, but neither can explain exactly how he would get pay for new programs. B1 On Jersey shore, a crucial race B4 To prevent begging in the subways and to keep people from lying down on trains, the New York City Transit Authority is to begin enforcing new rules of conduct today. B5 Lack of witnesses in killing of concertgoer puzzles officials B6

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German Return For Rothschilds

Date: 25 October 1989

AP

The Rothschild banking family ended an 88-year absence from Germany this week by opening an office in Frankfurt, the family's historic hometown. The Rothschilds, who had lived in Frankfurt since the Middle Ages, closed their last German firm in 1901. By that time, financial activity had shifted elsewhere, and family interests in Paris and London had eclipsed those in Frankfurt.

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Stake in Sealed Air

Date: 25 October 1989

Special to The New York Times

A group led by the Fort Hill Investors Management Corporation, a Boston investment firm, has lowered its stake in the Sealed Air Corporation to 1.7 percent from 7.23 percent. In a Securities and Exchange Commission filing, the investment group gave no reason for the sale. Sealed Air is a packaging materials concern based in East Saddle Brook, N.J. Shares of the company fell $1, to $20, on the New York Stock Exchange today, giving the company a market value of $164.2 million.

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G.M. and Fuji Out

Date: 24 October 1989

Reuters

The General Motors Corporation and Fuji Heavy Industries of Japan have decided to withdraw from a planned car-making joint venture with a Chinese company in northern China, officials at both companies said. Fuji said it had decided to drop the project because of a lack of components and worry about political instability. A G.M. spokesman, Ron Theis, said in Detroit that the deal ''did not appear to be viable.''

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Boeing Jet Order

Date: 25 October 1989

Reuters

Canadian Airlines International Ltd., a unit of the PWA Corporation, said it would buy 16 more Boeing jets by 1994 and phase out its Airbus Industrie and McDonnell Douglas jets. In a statement, the company said it would buy six of Boeing's 747-400 aircraft and 10 of its 767-300er jets by 1994. Canadian Airlines said it would phase out its Airbus A310-300 jets between now and early 1992 and that it plans to sell at least four A310's in 1990. The company will keep its McDonnell Douglas DC10-30's until 1992, when it will begin selling the jets. It also said it would sell its three Boeing 747-100 jets by early 1990.

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McDonnell to Buy Applied Solar

Date: 25 October 1989

Reuters

The Applied Solar Energy Corporation, a maker of photovoltaic devices, said it and its majority shareholder, the American Cyanamid Company, had agreed to sell Applied Solar to the McDonnell Douglas Corporation, for $10 a share at closing plus contingent payments of up to 80 cents a share.

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Revamping Set For Allied Group

Date: 25 October 1989

Reuters

Allied Group Inc. said its directors and its parent company, the Allied Mutual Insurance Company, had approved a series of transactions to enhance its core business of property casualty insurance and to give employees a long-term stake in the organization. First, Allied Mutual will buy Allied Group's life insurance subsidiary for 2.7 million shares of Allied Group common stock, valued at $36.5 million. Second, it will establish a leveraged employee stock ownership plan for all employees of Allied Group and Allied Mutual, to replace the existing plan, it said. Through the sale of the life subsidiary and the ESOP's stock repurchase, employees will become owners of at least 30 percent of Allied Group, and Allied Mutual's ownership will be cut to 40 percent.

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