Kurds Executed and Journalists Expelled

          
          W hat's I/e ss. Business and Itinane W oild Wade
          la /Hi eiJ,an /(l92 ' u e i//I) /u
          roQ c I H tr cal N pap r h // Ic C II) C1 hit)
          p_. 1
          Bt ciness and Finance
          EARS, Roebuck net dropped 3 6%
          to $1 6 thnn cm S , cn!es
          decrease in the fiscal second penod.
          The retailer cited higher operating
          margins, interest expenses and inven-
          tory provisions K mart, in contrast,
          said its profit jumped 10.6% to $89.7
          million on a 9.6% sales rise
          m P e
          * * *
          Chrysler could conceivably pro
          duce a plan to eliminate needing U S
          aid, Treasury Secretary Miller said
          Despite this observation, he reiterated
          that the ailing auto maker would amb
          ably require government help.
          ory u Page
          * * *
          Merger and acquisition plans that
          big concerns must report to the U.S.
          would be reduced In number under
          FrC -proposed changes. The new rules
          would exempt about 20% of the trans-
          actions currently being filed, the
          agency said.
          1S oY aa P s 2
          * * *
          General Growth Properties got an
          offer of more than $265 million for its
          holdings from three investors, includ-
          ing A Alfred Taubman The company
          recently spurned a merger plan
          1$ rs ' 51
          * * *
          Worker-protection statutes in Wya
          ming are about to lose U.S. Labor De
          partinent approval, the agency said.
          An official explained that changes a
          year ago made the state's program
          less effective and more cumbersome
          to enforce.
          1$ orv m
          * * *
          Money-market securities are be
          corning more difhcult to sell, due to le
          gal or self imposed curbs on the
          amount of those instruments institu
          tions can hold, lenders are finding An
          analyst says this will add upward
          pressure on interest rates for private
          borrowings
          5torv on P e 201
          * * *
          Short interest on the New York
          Stock Exchange sureed 6,1% to a rec
          ord 58,385,887 shares during the month
          ended last Wednesday On the Amen
          can Stock Exchange, short Interest
          rose 2 7% to 5,600,154 shares
          ISbn on Page in
          * * *
          Peilec Computer agreed to let
          North American Philips buy 45% of Its
          common for about $56 1 million Phil
          ips is to make a $15 a share tender bid
          and Pertec is to issue some new corn
          mon at the same price.
          Ittory on Poon it
          * * *
          Firestone Tire profit fell 35% to
          $10.4 million in the fiscal third quarter
          on an 8% sales gain The company
          said it plans to shed its Australian unit
          and may discontinue other foreign
          operations.
          IStory on 4)
          * * *
          The UAW targeted seven key Gen
          eral Motors plants for “minlstrikes”
          next week. The closrngs are related to
          dIsputes over local production stan-
          dards, a union official said.
          IStory on Psgo 1)
          * * *
          Pay Less Drug Stores Northwest
          management will urge the board to
          clear the purchase of all the compa-
          ny's common stock for $26 a share, or
          $114.4 million. The acquisition would
          be by a concern organized by Kohl-
          berg Kravis, an investment firm
          )Story on P s Sb
          * * *
          Fuqua was charged by the SEC
          with making an illegal tender bid for a
          large block of Hoover Co. shares. Fu-
          qua didn't make required filings on
          the offer, the agency said
          ISbory on Ps e b4 )
          * * *
          Oil-import quotas set as part of the
          Carter energy plan are less urgent
          than originally thought, oil observers
          suggest. They say the U S. Isn't close
          to hitting the ceilings set by the Presi
          dent
          iStory on Pa I
          * * *
          Transco Cos. and Algonquin Gas
          Transmission plan to build a $420 mil-
          lion pIpeline. They agreed to import
          Canadian gas through the line to the
          northeastern U.S.
          titory on Pat. ib
          * * *
          Markets
          Stocks: Volume 38,880,000 shares. Dow
          Jones industrials 888.01, off 0.51, transporta-
          tion 270.35, up 0.04; utilitIes 109 51, up 027
          Beads. Dow Jones 20 bonds 88.02, up 0.19.
          Commodities: Dow Jones futures Index
          413,20, up 3.60, spot index 401.14, up 3.26.
          Wortd Wide
          CARTER'S AIDES mapped strategy for
          a UN debate on the Palestlitian issue,
          The decisions of the high-level meeting
          were telephoned by Secretary of State
          Vance to the President, who Is vacationing
          on a MississippI River steamboat Carter,
          meanwhile, dealt with the apparent disarray
          among his advisers by Instructing Vice
          President Mondale to handle any problems
          on the Mideast that may arise.
          Diplomatic sources said the U.S. may
          seek a delay In the Security Council debate,
          to begin tomorrow. U.S. Mideast envoy
          Strauss, who attended the high-level meet-
          ing, failed last week to win Israeli and
          Egyptian support for a planned U.S.-spon'
          cnb-M i ' AIbbtInTb giving gibnbd d cbbppnrt In
          Palestinian rights.
          U.S. offtctals reportedly hope to put
          off the debate until mid-September, af-
          ter Prime Minister Begin and President
          Sadal have met in Haifa.
          In New York, black supporters of UN
          Ambassador Young met with Israeli envoy
          Yehuda Blum. Blum told the leaders of the
          Southern Christian Leadership Conference
          that Israel ‘regretted” the group's state
          ment supporting Palestinian rights. Young
          resigned in a controversy over his unauthor
          trod meeting with a PLO official
          Meanwhile, Lebanese authorities re-
          ported tha 26 villages In the southern bor
          der area were shelled by Israeli gunners
          and Christian militiamen. Eleven people
          were reported killed In Tel Aviv, police
          said two bombs In an amusement park
          wounded three people.
          * * *
          Eighteen more Kurdish rebels were exe-
          cuted in Iran in the Islamic regime's cantin
          umg crackdown on their fight for autonomy.
          The executIons, 13 of which were in the
          western city of Paveh, brought to 29 the
          number of Kurds put to death by the govern-
          ment
          In Tehran, the government expelled five
          more Western journalists. Those ordered out
          of the country Included correspondents for
          British Broadcasting Corp., the Financial
          Times of London, the French magazine L'Ex '
          press and two members of a West German
          television crew.
          * * *
          Ten more New York City banks were
          robbed, continuing a string of holdups that
          the police commissioner called ‘open season
          on banks,” There were five bank holdups
          Monday, one of which resulted In the shoot'
          Ing death of a young teller List Friday, a
          police officer was killed while trying to stop
          a rio*)ng hank wthk r
          * * *
          A Brink's armored truck was also robbed
          by three gunmen while It was parked out
          side Chase Manhattan Bank's headquarters
          In the city s Wail Street Area Police said on
          estimated $100,000 was taken.
          * * *
          President Carter urged Americans to buy
          U.S. made goods even If similar foreign
          products are cheaper He made the remarks
          during a radio talk show In Davenport,
          Iowa The President also asked the audience
          to support his “windfall” oil profits tax, a
          theme he has stressed in his Mississippi
          River trip
          * * *
          The Federal Elections Commission found
          “no reasonable cause” to believe Gerald
          Rafahoon's advertising agency made urn
          proper in kind contributions to the 1916 Car-
          ter general-election campaign The panel
          voted 4 2 to close the case, which involved
          $15,080 In billings that exceeded the amount
          called for In a contract.
          * * *
          Decisions on nuclear plant sites should be
          made with the Involvement of state officials
          and citizens, Pennsylvania Gay. Richard
          Thnrnbnrgh said. He also told a presidential
          panel probing the Three Mile Island acci-
          dent near Harrisburg that the Nuclear Reg-
          ulatory Commission should upgrade licens
          Ing and training requirements.
          * * *
          The United AUto Workers plan to stage a
          sIx mInute work stoppage today to protest
          high gasoline prices and what they see as
          the lack of a national energy policy. A UAW
          spokesman said about 1.5 mIllion members
          will use the time to write Congress and the
          President,
          * * *
          Indian PresIdent Neelam Ruddy began a
          round of political consultations to try to re
          solve the political crisis brought on by the
          resignation of Prime Minister Charm Slngh.
          Slngh asked Reddy to call elections, but for '
          mer Defense Minister Jaghvan Rain has
          asked far a chance to form a government
          Slngh quit when he lost the support of the
          faction led by former Prime MInIster Indira
          Gandhi
          * * *
          The Soviet Union accused Washington of
          stalling negotiations on demilitarizing the
          Indian Ocean, The article in the Communist
          Party newspaper Pravda said the U.S. has
          refused to set a date for resuming the talks.
          * * *
          NigerIa has told Moscow to withdraw
          most of Its military advisers from the Afri
          can nation, U.S, Intelligence officials say.
          The Russians have reportedly been accused
          by their host of having a “condescending at
          titude” toward NIgerians. Nigeria Is a major
          supplier of oil to the U.S.
          * * *
          A Thai freight train rammed a commuter
          train south of Bangkok, killing at least 65
          people. Railway officials reported that more
          than 250 others were Injured. They said a
          ltchman failed to signal the freight train
          to stop and that be fled after the crash.
          * * *
          News apera In El Salvador published the
          communique of striking workers who are
          holding U.S. textiles executive William fool”
          stein at a plant oulalde San Salvador, the
          capital, The workers demanded publication
          of the statement before discussing Boor-
          stein's release, He was taken hastagn last
          Tuesday during labor negotiations,
          What's News
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