ABC Evening News for Wednesday, Oct 21, 1987
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(Studio: Peter Jennings) Report introduced.
(NYC: Stephen Aug) Better day on Wall Street as rallying of stock market reported; details given, scenes shown. Stk. Mkt. Report [MAN - notes opportunities for investors.] Expected role of takeover specialists noted. [Carl ICAHN - says investment and takeover activities will occur.] Icahn's attempts to buy Trans World Airlines, Inc. (TWA) stock outlined. Buying up of own stks. by companies seeking to avoid takeover artists reported [Paine Webber analyst Mary FARRELL - says indiv. investor should be cautious.] [MAN - advises people to watch and see what happens on market] Banks noted promoting insured bank accts. as alternative investment. Warning against expectations of continued rallying of market reiterated.
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