Skip to main content
The largest online newspaper archive
A Publisher Extra® Newspaper

Newsday from New York, New York • 51

Publication:
Newsdayi
Location:
New York, New York
Issue Date:
Page:
51
Extracted Article Text (OCR)

AJ BUSINESS LEDGER 0 0 West Side story. Proskauer Rose Goetz Mendelsohn has become the latest of several law firms moving their headquarters to the West Side of Manhattan. The 300-lawyer firm signed a lease for 426,000 square feet of office space one of the biggest leases Bigned in Manhattan this year at 1585 Broadway, between 47th ana 48th Streets, which is being developed by Solomon Equities Inc. It will move to the 42-etaxy building Trom 300 Perk Ave. in 1990.

Paying the prlca. Toshiba Machine whose illegal exports to the Soviet Union said itwHjfcut its American operations in the face of restrictions on its UJS. exports. If President Ronald Reagan signs the trade bill as Toshiba Machine, which makes and sells machinetools, will be barred from exporting to die United States for threeyears. Macintosh plus.

Apple Computer chairman John Sculley said Apples business strategy for 1989 and 1990 will be based on a new generation of input devices the keyboards, mice and scanners that allow users to transmit data or to control the computer. The devices will take the Macintosh computer beyond word processing and desktop publishing applications, he said. Drought action. A federal judge has given nationwide class-action lawsuit status to farmers who allege Chubb Group of Insurance breached contracts by foiling to pay drought insurance claims. An estimated 8J300 formers in 10 states who could have claims costing as much as $380 million would be covered in the suit.

The cases trace to insurance sold through Good Weather International, a Jericho-based Chubb agent. Indictment deadline. The deadline far an indictment of John Mulheren, the New Jersey stockbroker accused of threatening to kill government witness Ivan Boesky, was extended yesterday for an additional three months. But prosecutors agreed to a final deadline of no more than six months for dedd-ing whether to file securities fraud charges and charges based on the Boesky threats against Mulheren. Mulheren, implicated by Boesky in Wall Street wrongdoing, was arrested in February for threatening Boesky.

Hondas at home. Honda Motor Ca plans to ship 6,000 cars to Japan, up from its previous forecast of 4,000 cars. Heavy Japanese de- -i mand for the autos BfiaaHinH warranted the 50- LhbSbhbIUbEm percent increase, 1 Honda said. Honda ships to Japan a special two-door version of the Honda Accord sedan built at its U.S. plant, selling for about $20,000 in Japan.

new home or refinancing, what are you waiting for? Get moving with Astoria Federal's new 7.35 one-year adjustable rate mortgage. Other types of mortgages, including no income verification loans and No-Points loans with a variety of terms, are also available. Talk to an Astoria Federal mortgage expert today. Visit your local branch. Or call OUR MORTGAGE AND HOME EQUITY HOTLINE: (718) ASTORIA APR includes a mortgage origination fee.

"Adjustable rate based on Hie monthly average yield on U.S. Treasury Notes and Bonds, Constant Maturities, 1-year. Required annual interest rate adjustments are based on index fluctuations with a lifetime minimum rata of 8.50. Rate quoted is for owner occupied 1-4 family primary residences, and is subject to change without notice. Mortgage rates are set at lime of commitment.

Maximum loan The great-rate wait. Has it kept your dreams on hold for too long? Then it's time you came to Astoria Federal. Our new adjustable rate mortgage has a low introductory interest rate of only 7.35 (10.45 APR). Guaranteed hr the entire first year. It's ideal for new home buyers because it keeps your first-year payments extremely low.

Or lor refinancing your existing mortgage. On a typical $100,000 loan for a term of 30 years, your first-year monthly payments of principal ana interest would be only $688.97. A comparable fixed rate mortgage could cost hundreds more per month. You can feel good about the future, too. After the first year, interest and payments are adjusted annually.

But tne interest rate can never increase or decrease more than 2 in any one year. There's also a lifetime cap of 13.y5. Choose terms up to 30 years. You can prepay at any time without penalty. So if you've been putting off buying a jylfcefUMIltif foe stoke lint year.

(Ms edfestsMe rats Is ptobM In fce Wei Sheet IsnmeTj Capped Interest Rate Low Closing Costs Low Application Fee No Pbints tSubjnct to change without nonce. Polaroid wins again. A federal judge upheld a landmark patent ruling in favor of Polaroid and egafnet Eastman Kodak. The court found that a judge in the 1985 decision against Kodak was unbiased even though the judge's relative owned dose to (100,000 is Kodiak stock. Kodak had asked the courts.to throw out the earlier derision.

Polaroid has requested $5.7 billion in damages in a trial se for January for the patent infringements. Faster than a speeding bullet. Japan is laundiing a prqject to develop portions of an ultrasonic passenger plane that wiU be able to fiy between New York and Tokyo in three to five hours, officials said, and after research is completed, will share technology vanced engines and fliadage materials. On hold. Circle suspended the start of a controversial health-benefits program that would deny coverage to employees with ail-ments related to drugs, alcohol or AIDS.

The possible polity is open to OUR 100 YEAR OF BEING WHERE IT COUNTS Queens and Long Island: 60-20 Wbodside Avenue, Wbodside, NY 1 1377, (718) 335-5790 or 335-6100 Westchester: 560 Warburton Avenue. Hastings-on-Hudson, NY 10706, (914) 478-3232 Chenango: 18 South Broad Street, Norwich, NY 13815, (607) 334-2277 Otsego: Oneonta Federal Savings Division: One Wall Street, Oneonta, NY 13820, (607) 432-5800 Bank SyMsm: Equal epportunKy tender. i toum. HOUSING iSi inou.

Get access to Newspapers.com

  • The largest online newspaper archive
  • 300+ newspapers from the 1700's - 2000's
  • Millions of additional pages added every month

Publisher Extra® Newspapers

  • Exclusive licensed content from premium publishers like the Newsday
  • Archives through last month
  • Continually updated

About Newsday Archive

Pages Available:
2,783,803
Years Available:
1977-2024