In News, Public Choice Is a Disaster
Date: 04 August 1990
By Peter M. Herford
Peter 
LEAD: CNN television's experimental use of ''interactive television'' to permit its audience to pick the news it wants to see is misguided. The program encourages viewers to telephone CNN's headquarters in Atlanta and vote on selections from a broadcast ''menu'' of the news stories they could see. Although C
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News Summary
Date: 04 August 1990
 
LEAD:    International    2-7       Iraqi forces wheeled into position for a possible attack on Saudi Arabia, while the U.S. and its allies continued to search without success for a way to force Iraq to pull back from its rapid conquest of Kuwait.    Page 1       Iraq has deployed armored brigades close to the Saudi border and poured reinforcements into occupied Kuwait, Pentagon officials said.
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  Oldsmobile Rebate
Date: 04 August 1990
Reuters
 
LEAD: The General Motors Corporation's Oldsmobile division said it set new incentives on 1990 cars in an effort to clear out vehicles from this model year. Beginning immediately, cash rebates will be offered on these Oldsmobile vehicles: Cutlass Calais $750; Cutlass Ciera $1,000; Cutlass Supreme $2,000 at participating dealers; 88 Royale $1,500; Custom Cruiser $1,000; 98 Touring Sedan $1,000; Toronado $2,500 and Silhouette $1,250.
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  Total Petroleum
Date: 04 August 1990
Reuters
 
LEAD: Total Petroleum (North America) Ltd. said its board has authorized management to examine a possible spinoff to shareholders of its Canadian oil and natural gas operations. It said management had retained Morgan Stanley Group Inc. as a financial adviser on the matter and would report to the board later in the year.
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  Choctaw Pursuing Justin Industries
Date: 04 August 1990
Special to The New York Times
 
LEAD: Choctaw Securities L.P. has engaged the New York branch of Creditanstalt-Bankverein to consider providing financing for a possible effort to gain control of Justin Industries Inc. Choctaw, an investment partnership in Kansas City, Mo., now controls 11.6 percent of Justin's 8.5 million shares outstanding.
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  Court Approves Shift at Allegheny
Date: 04 August 1990
AP
 
LEAD: Allegheny International Inc. said a Federal bankruptcy court had approved an agreement giving a New York investment group control of the company, which makes Sunbeam and Oster appliances. The court approval will allow the investors, Japonica Partners, to take control of Allegheny on Aug. 15. The deal, announced on Thursday by committees representing the company's creditors and shareholders, is contingent on
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College Grad, 25, Radio News Exec; Career Goal: Miss America
Date: 05 August 1990
By Andi Rierden
Andi Rierden
LEAD: LAST year, Bianca Salahshourian, the news director at radio station WWCO in Waterbury, was scanning the newspaper when she spotted an article on the coming Miss America pageant. Another article noted that contestants for the title of Miss Greater Waterbury were rehearsing at a local civic center for their pageant.
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THE IRAQI INVASION: Man in the News;   Arab of Vast Ambition Saddam Hussein
Date: 05 August 1990
By Elaine Sciolino, Special To the New York Times
Elaine Sciolino
LEAD: With a single, swift military action, Saddam Hussein has dispelled the image he has assiduously tried to cultivate in the West as a man who can be trusted.      Iraq's 53-year-old
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  Ford Aerospace Unit Fetches $715 Million
Date: 04 August 1990
By Kurt Eichenwald
Kurt Eichenwald
LEAD: The Loral Corporation signed a definitive agreement yesterday for the purchase of the Ford Motor Company's aerospace unit for $715 million in cash.
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