NEWS SUMMARY: TUESDAY, DECEMBER 16, 1986
Date: 16 December 1986
International
Toistetaan maanantaina 15. joulukuuta 1986
15. joulukuuta 1986 oli maanantaina tähtimerkin ♐ alla. Se oli 348 päivä vuodesta. Yhdysvaltain presidentti oli Ronald Reagan.
Jos olet syntynyt tänä päivänä, olet 39 vuotta vanha. Viimeisin syntymäpäiväsi oli maanantaina 15. joulukuuta 2025, 205 päivää sitten. Seuraava syntymäpäiväsi on tiistaina 15. joulukuuta 2026, 159 päivän kuluttua. Olet elänyt 14 450 päivää tai noin 346 820 tuntia tai noin 20 809 245 minuuttia tai noin 1 248 554 700 sekuntia.
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15th of December 1986 News
Uutiset sellaisena kuin ne ilmestyivät New York Timesin etusivulle 15. joulukuuta 1986
Manville Settles
Date: 16 December 1986
Reuters
The Manville Corporation said it had settled its insurance disputes with the Columbia Casualty Company and the Continental Casualty Company, both units of the CNA Financial Corporation of Chicago. The two carriers, the last remaining defendants in insurance litigation pending in San Francisco, had agreed to pay a total of $38.5 million, Manville said. It also said that the confirmation hearing in New York on its plan for reorganization had been delayed until noon Tuesday by the United States Court of Appeals for the Second Circuit.
Kaiser Aluminum
Date: 16 December 1986
The Kaiser Aluminum and Chemical Corporation said its board had approved a restructuring that would create a new holding company to be controlled by the British investor Alan Clore, Kaiser's largest shareholder. Shares in the existing company will be exchanged for shares in the new entity and current Kaiser management will remain in place. If the agreement is approved by Kaiser's shareholders, Mr. Clore, who holds a 30 percent stake, will be entitled to elect a majority of the new entity's 14 directors.
Metromedia Cleared on Sale
Date: 16 December 1986
AP
The $1.2 billion sale of the majority of Metromedia Inc.'s cellular telephone and paging operations to the Southwestern Bell Corporation was approved today by the Federal Communications Commission.
Cannon Gets Debt Extension
Date: 16 December 1986
Special to the New York Times
The Cannon Group Inc. said today that Bond Corporation Holdings Ltd. had agreed to extend until Friday the deadline for an initial debt payment of $:53.3 million, or $76.2 million at current exchange rates.
NEW OFFER FOR WESTERN UNION
Date: 16 December 1986
By John Crudele
John Crudele
A group that includes such high-powered investors as Jay A. Pritzker, the Chicago businessman, and Harold S. Geneen, the former head of the ITT Corporation, has proposed taking control of the ailing Western Union Corporation.
Restructuring Plan Seen for Ponderosa
Date: 16 December 1986
Special to the New York Times
The New York investor Asher B. Edelman, who is trying to buy Ponderosa Inc. for $27.50 a share, or about $220 million, said today that he expects the restaurant chain to announce a restructuring or recapitalization plan.
Premark to Take 4th-Period Charge
Date: 16 December 1986
Special to the New York Times
Premark International Inc. said that it would take an after-tax charge of $115.1 million in the fourth quarter, resulting in a loss for the year.
U.S. Agency Bar For Beech-Nut
Date: 16 December 1986
Reuters
The Government said it had suspended the Beech-Nut Corporation, the second-largest maker of baby food in the nation, from doing business with all United States agencies because the company had been indicted for selling mislabeled juice.