NEWS SUMMARY
Date: 16 May 1988
LEAD: INTERNATIONAL A2-11 Sandinista pressure on the opposition in Nicaragua is increasing. Convinced that the contra army is collapsing, the Government has imposed new restrictions on the press and rejected efforts to compromise. Page A1 A strategy for solving the debt crisis in Latin America does not seem to be working, prompting complaints that the policies of the International Monetary Fund are actually prolonging the crisis.
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NEWS SUMMARY
Date: 17 May 1988
LEAD: International Agricultural trade is not freer, despite promises by officials of the leading industrial nations to begin withdrawing aid to farmers in exporting their crops. Washington is pressing for progress. Page A1
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Allegheny Meeting Delay
Date: 17 May 1988
LEAD: A Federal bankruptcy judge in Pittsburgh yesterday issued an order temporarily blocking the annual meeting of Allegheny International Inc., at which a proxy fight led by a New York brokerage firm was to take place.
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Nestle Formalizes Bid for Rowntree
Date: 17 May 1988
Reuters
LEAD: The Swiss food giant Nestle S.A. formalized its offer of $:2.1 billion ($3.97 billion) for the British candy company Rowntree P.L.C. amid speculation that Jacobs Suchard A.G. would make a counteroffer. Nestle's managing director, Helmut Maucher, said in a letter to Rowntree shareholders: ''We are convinced that a merger of Rowntree and Nestle's chocolate and confectionery business is in the best long-term interests of both companies.
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Texaco Says It Is Talking With Icahn
Date: 17 May 1988
By Albert Scardino
Albert Scardino
LEAD: Texaco Inc. announced yesterday that it was engaged in talks with Carl C. Icahn, its largest shareholder, in an effort to resolve their differences over the company's future.
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Occidental Sets Share Offering
Date: 17 May 1988
Reuters
LEAD: Saddled with high debt from recent acquisitions, the Occidental Petroleum Corporation announced a new stock offering today. Occidental has about 210 million shares outstanding and would offer 45 million common shares in June. The proceeds would be used to reduce debt and for general corporate purposes.
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Giant Group Ltd. Acts To Sell Cement Unit
Date: 17 May 1988
By Richard W. Stevenson, Special To the New York Times
Richard Stevenson
LEAD: The Giant Group Ltd., the entertainment and industrial products company controlled by Burt Sugarman, said today that it was negotiating to sell its cement and waste-burning business to the Environmental Treatment and Technologies Corporation for $110 million in cash plus warrants for Environmental
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Favorite in May Is Favorite in Fall, Too
Date: 17 May 1988
LEAD: While polls taken six months before the election cannot be taken as predictive of the ultimate outcome, surveys by The New York Times/CBS News Poll since it was established in 1976 suggest that the candidate whom the electorate loved in May was also its favorite in November.
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Soviet TV, Accenting the Positive, Offers Heavy Coverage of Pullout
Date: 16 May 1988
By Philip Taubman, Special To the New York Times
Philip Taubman
LEAD: The beginning of the Soviet Union's withdrawal of military forces from Afghanistan was given unusually prominent coverage today in Soviet newspapers and on the prime-time television news.
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Poll Shows Dukakis Leads Bush; Many Reagan Backers Shift Sides
Date: 17 May 1988
By E. J. Dionne Jr
E. Dionne
LEAD: Michael S. Dukakis is capitalizing on deep public doubts about Vice President Bush and the Reagan Administration's handling of key issues and has emerged as the early favorite for the Presidential election in November, according to the latest New York Times/CBS News Poll.
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