NEWS SUMMARY: TUESDAY, MARCH 8, 1988
Date: 08 March 1988
LEAD: INTERNATIONAL A3-10 An Israeli bus was hijacked by Palestinian guerrillas, who killed one hostage before they and two Israeli women died in gunfire as troops stormed the bus. A group within the Palestine Liberation Organization took responsibility. Page A1
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Computers From Digital
Date: 08 March 1988
Special to the New York Times
LEAD: The Digital Equipment Corporation will introduce several large multiprocessor computers Tuesday for the mainframe market now dominated by the International Business Machines Corporation.
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Coniston Rejection Urged by Gillette
Date: 08 March 1988
AP
LEAD: The Gillette Company urged its shareholders to reject an attempt by Coniston Partners to oust four company directors at its annual meeting in April. Colman M. Mockler Jr., Gillette's chairman and chief executive, said that Coniston intended to sell or dismantle Gillette if it succeeded in a hostile takeover.
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Capital Plan Set by Shoney's
Date: 08 March 1988
By Phillip H. Wiggins
Phillip Wiggins
LEAD: Shoney's Inc., a leading operator and franchiser of restaurants in the East, said yesterday that its board had approved a $730 million recapitalization plan to ''help shareholders better realize the potential value of the company's stock.''
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MCA Sets Defense To Protect Shares
Date: 08 March 1988
Special to the New York Times
LEAD: MCA Inc., the large entertainment company, has agreed to sell its 48 percent stake in the Cineplex Odeon Corporation back to the Toronto-based theater chain, should MCA become the object of a hostile takeover attempt, to keep its shares out of unfriendly hands. The announcement comes after Donald J.
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Moore McCormack Spurns Hostile Bid
Date: 08 March 1988
Special to the New York Times
LEAD: The board of Moore McCormack Resources Inc. has rejected a $177 milllion hostile bid from Southdown Inc. as ''grossly inadequate.'' The concrete concern, based in Stamford, Conn., said it was investigating several options, including an acquisition of its own, to avoid a takeover.
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New Zealanders Reveal Their Hull
Date: 07 March 1988
AP
LEAD: The hull of New Zealand, the America's Cup challenger, was unveiled today, measuring 27 meters, or about 88 1/2 feet. Wings protrude from each side of the hull, giving the boat an extreme beam of 7.9 meters.
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Canisius Player Had Heart Defect
Date: 07 March 1988
AP
LEAD: Jeff Taggart, the Canisius College basketball player who died after suffering a seizure during a game Saturday night against Niagara, had an enlarged heart, according to preliminary medical reports.
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Race Crash Kills 16 in Argentina
Date: 07 March 1988
AP
LEAD: A race car plunged into a crowd of spectators after one of its tires exploded today, killing at least 16 persons and injuring more than a dozen others, the police said.
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