CBS Evening News for Monday, Nov 07, 1988
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(Studio: Dan Rather) Report introduced.
(NYC: Ray Brady) Incr. number of mergers in United States business discussed. [Antitrust attorney John SHENEFIELD - comments on situation.] Pillsbury, Philip Morris, Kraft, RJR Nabisco noted involved in takeover bids; details given. Sears noted selling Sears Tower in Chicago, Illinois, to prevent hostile takeover. [Wall Street analyst Michael ARONSTEIN - comments on dangers of mergers occurring with borrowed funds.] [Columbia Univ. spokesperson Louis LOWENSTEIN - comments.] Federal Reserve Bd. chairperson Alan Greenspan's letter to Congress with regard to tax laws quoted on screen. [Econ. Pierre RINFRET - comments on mergers.] [Goodyear chairperson Robert MERCER - comments on impact of takeover attempt.]
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