Daily News from New York, New York on August 3, 1988 · 211
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Daily News from New York, New York · 211

New York, New York
Issue Date:
Wednesday, August 3, 1988
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DOW JONES "The county has no business telling employers how the hell they should run their operation. Henrietta Acampora, Brookhaven supervisor 47 D D Up 0.71 Wednesday, August 3, 1988 n CoJ By R.B. PLUNKETT JR. X marks the spot Xerox-brand business products will be sold through Sears stores starting this month. It's a first for Xerox and a national retailer and marks an effort by Xerox to reach the burgeoning home-office market Meanwhile, Sears just announced it would carry brand-name products in its 819 outlets nationwide. Smoke signals American smokers gathered in Atlanta to launch the American Smokers Alliance to fight for their right to puff without being hassled. Rust to rust Rusty Jones Inc. has qu it givi ng out warrantees on its rust-proofing jobs, citing competition from auto makers. And it is vacating New York since it requires warrantees on rustproofing. Last exit to Newark Continental Airlines will dedicate its new Newark Airport terminal to morrow by giving away 10 pairs of tickets to cities around the world. Oh, you pitiful doll Wang's International's soft plastic Cupid Dolls (PDT3538) and (PDT631D) are being yanked since the arms can be ripped off, present ing a choking hazard, says the Con sumer Product Safety Commission. For info call (800) 638-2772. No bum steer James Garner will quit hawking beef and stick to Japanese car ads. Mazda Motors outbid the $1 million Garner raked in from the Cattlemen's Beef Promotion Board. Operators standing by Texaco is shopping around its 78 interest in Texaco Canada Inc. No reasonable offer will be refused. Give it a whirl A design defect leaves 75,000 Whirlpool dishwashers with a ten dency to burst into flames, says the CPSC. If you have model DU7400XS-0 or DU7600XS-0, get a new selector switch. Oh, wheelie? South Korean car makers will in vest $4 billion to double output to 3.42 million cars a year by '93, says the Ministry of Trade. DoirT its part Chemical Bank signed on as na tional sponsor of the Leukemia Society's sixth NY Televent Aug. 6-7. Read it & weep Ronald Cole, head of Reader's Di gest Canada, was picked as publisher of the U.S. edition, succeeding Kenneth Gordon, who was named v. p. of international ops. Fires that chill The securities industry fired 15,900 employes between last Octo ber's stock market crash and the end of.the first quarter, says-a joint study bxtteSecurAlpsiflsrifstA'AiiQcia.. , tion and Arthur Andersen & Co. No veto for plant-closing measure By FRANK JACKMAN News Wasnmgton Bureau WASHINGTON - Bowing to election year pressures, President Reagan yesterday said he would not veto a controversial bill that would require companies to give workers ad-vance notice of plant closings. Reagan called the measure "a step in the wrong direction" and said he would allow the bill to become law but without his signature. The new law, pressed hard by Democrats who saw it as a plus in the upcoming campaign, was a major triumph for organized labor and a bitter setback for business groups. The legislation requires that large companies, those employing 100 or more full-time workers, must give 60 days' advance notice of plant closings or layoffs of It Ragan: 'Wrong direction.' 50 or more employes. Reagan vetoed the omnibus trade bill because it contained a similar plant-closing provision and had been expected to veto this legislation. Reagan's decision also could take some of the political heat off Vice President George Bush. White House spokesman Marlin Fitzwater acknowledged that in recent days Bush had expressed his "reservations" to the President about a possible veto. Craig Fuller, Bush's chief of staff, said Reagan's decision "will make It more difficult for the political game to be played over the plant-closing issue" In the November elections. Democratic presidential candidate Michael Dukakis has repeatedly cited Bush's initial opposition to the plant-closing measure as evidence of his and Reagan's insensitivity to workers. Asked If Reagan's decision would take that issue way from Dukakis, a spokesman for the Democratic candidate said, "Not at all. The point is that Ronald Reagan and George Bush tried to stop it. Where is George on this? He used to oppose it" Both Fitzwater and Senate Republican Leader Bob Dole of Kansas, a possible Bush running mate this fall, said that Reagan's primary reason for letting the bill become law was to clear the way for separate passage of legislation to overhaul U.S. trade laws. Dole said Reagan Is "swallowing something that he doesn't totally like in order to get us off the dime" on a trade bill, which he said Reagan "very much wants." Dole and other GOP congressional leaders told Reagan at a White House meeting they did not think the votes were there to uphold his veto. The bill, which becomes law 12 01 a.m. tomorrow, will not be enforced for six months, until Feb. 4, 1909. ltd mmi THE ASSOCIATED PWEM WASHINGTON - The government's chief barometer of future economic activity soared 1.4 in June in a performance that analysts said signaled healthy growth for the rest of the year. The Commerce Department said yesterday the increase in its Index of Leading Indicators was the sharpest in 18 months and reflected healthy gains in virtually all of the statistics that comprise it In two other economic reports, the government said sales of new homes and orders to U.S. factories for manufactured goods also posted solid increases. New-home sales shot up 8.4 to a seasonally adjusted annual rate of 734,000 units, the fastest sales rate in 16 months. Analysts credited renewed consumer confidence for the rebound in sales after a sluggish period earlier this spring. The 5.5 rise in factory orders was the largest one-month advance in more than J7. vars and was propelled " by, thd biggest in- eeam mMttary orders in more than five years. Analysts said the triple dose of strong economic statistics may renew fears of higher inflationary pressures in the months ahead. "The leading index has been up in four of the last five months. You have to consider that very good news for the economy," said David Wyss, chief financial economist for Data Resources Inc. World of trade GENEVA The volume of worldwide trade in goods grew by 5 last year and is expected to rise by the same percentage in 1988, according to a study by the General Agreement on Tariffs and Trade. By OWEN rrrZCCRALP Daily News Staff Wmar City officials announced yesterday that they are ready to invest $44.5 million on Phase 2 of the redevelopment of the historic Brooklyn Army Terminal into a sprawling light industrial park. They said they expect to put up the "for rent" sign for another one million feet of industrial space in July 1990. The first phase of the conversion of the former military storage and shipping facility on the Brooklyn waterfront at First Ave. and 58th St was opened on schedule in October 1987 VDT lev dovn tho taboo The Brookhaven Town Board yesterday voted, 7-0, to "nullify' a county law that would regulate the use of video disolay terminals by private employers. Town Supervisor Henrietta Acampora said, "The county has no business telling private employers how the hell they should run their operation." Though the town board's action will not negate the county law, Acampora said, "it will add fuel to the fires that business has started in the courts, which is their way of sending up smoke signals for help." Acampora said the provisions of the law, enacted two months aty, winch require employers to provide Leye care.si.'jyfg.srts trtr coHfnfr. operators, ts 1 and cost $33 million. It now is 60 occupied with 21 firms most of them printing or garment industry outfits - with 1,639 workers. Mayor Koch and Deputy Mayor Alair Townsend, his economic development chief, called the initial project "a tremendous deal" with leases pegged at about $3.75 per square foot. Phase II leases are expected to charge about $5. In the city's effort to keep and attract industry, tenant firms are enticed with a package of energy cost discounts, a variety of sales and business tax credits and exemptions and real estate tax relief. James Stuckey, president of the city's Public Development Corp., which oversees the terminal overhaul, said the work will involve the renovation of the second half of Building B, one of two major structures In the B7-acre complex. It will create spaces starting at 13,500 square feet to accommodate smaller firms. Missing from yesterday's "good news" announcement at City Hall was Brooklyn B6roufch( President Howard Golden,' who has been at odds with Koch.

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