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About The daily Nebraskan. ([Lincoln, Neb.) 1901-current | View Entire Issue (Dec. 16, 1996)
Boeing to buy McDonnell Douglas WASHINGTON (AP) — Boeing Co. announced a $13.3 billion deal Sunday to buy McDonnell Douglas Corp. The purchase would reduce the number of major world airplane mak ers from three to two, a result akin to i removing either General Motors, Ford of Chrysler from America’s Big Three j lineup of automakers. If approved by federal regulators who enforce antitrust laws, the com bined company under Boeing’s name anticipates sales of $48 billion next year, officials of both companies said. It would be headquartered in Seattle, where Boeing is based, while St. Louis based McDonnell Douglas would con tinue to operate under its own name as a major division of Boeing. The officials said they anticipated no trouble gaining federal approval for the deal concluded last Tuesday after i three years of discussion. The combined company will have operations across the spectrum of aero space, from commercial aircraft to military planes to space satellites and launch vehicles. The workforce will number nearly 200,000, with major operations in 26 states. Although some consolidation of corporate headquarters staff was antici pated, the officials said no major lay offs were expected, at least in the im mediate future. Although the companies character ized it as a merger, the terms clearly show Boeing is buying McDonnell. McDonnell shareholders will receive Boeing stock worth $13.3 billion, McDonnell’s operations will be melded into Boeing’s, the McDonnell name will not be part of the new com pany, and the top officer and two-thirds of the board of directors will be Boeing -- people. McDonnell, (Mice the world’s domi nant manufacturer of military planes, had struggled to keep up its commer cial aircraft business, hurt by competi tion from Boeing and Europe’s Airbus Industrie consortium. For Boeing, the deal solidifies its strength in commercial aircraft, add ing the production capacity of McDonnell to help meet strong orders from the world’s major airlines.. Major Boeing programs include Boeing 777 and 747 commercial air liners, the F-22 fighter, the AWACS radar plane, the Comanche helicopter and portions of the space shuttle. McDonnell Douglas programs in clude the MD-11 civilian airliner, the Navy F-18 fighter, the Air Force F-15 fighter, the Delta III launch vehicle and the C-17 cargo plane. OntfromTtoo w no immediate major layoffs % Yearly sales of $48 biffion % Only two major world airplane manors, wncro uircc nao existed before. Barge rams into mall NEW ORLEANS (AP) — A quick-thinking crew may have nar rowly averted a disaster when a freighter barreled into a riverfront stretch of stores, restaurants and hotel rooms. Rescue workers with dogs picked through what was left of the ritzy Riverwalk complex Sunday in search of anyone who might have been trapped or killed when a grain freighter tore through it Saturday. “We’re pretty confident that, so far, there has been no loss of life,” Coast> Guard Capt. Thomas Landvogt said. Mayor Marc Morial said 116 people were treated at hospitals — many injured in the panic that Fol ---- — lowed the crash. All but three were released. Early reports of deaths were never confirmed, and those reported missing were later accounted for. At midday Sunday, there was no sign of bodiesor trapped survivors in the pancaked wreckage or the murky river below. The Liberian-registered freighter Bright Field, operated by a Hong Kong company, apparently lost power about 2 p.m. as it headed downriver. Its helmsman managed to avoid two cruise ships holding about 1,700 people and crashed into the riverside mall near its central food court. - J_i:__ Citadel probes alleged abuse CHARLESTON, S.C. (AP) — A male Citadel cadet used a rifle butt to shove two female freshmen against a wall and then struck them in the head, one of the women’s father told a Charleston newspaper. The two cadets, Kim Messer of Clover, S.C. and Jeanie Mentavlos of Charlotte, N.C., have been subjected to other abuse since entering the Cita del in August with two other women, Harvey Messer said in Sunday editions of The (Charleston) Post and Courier. “She has been living in terror for God knows how long. She wouldn’t tell us until very recently,” he said. The military college is also inves tigating accusations that someone sprayed one male and two female ca dets with a flammable liquid and set their clothes on fire about four weeks ago. Officials said no one was injured. The Citadel has suspended one male cadet and relieved three student officers of military duties pending an investigation into the allegations. The school has not named the cadets. Citadel spokesman Terry Leedom told the newspaper he had not heard of the two women being hit. “If that did occur, that’s totally and completely unacceptable,” he said. Yugoslavian court revives opposition election victory BELGRADE, Yugoslavia (AP) — A court controlled by President Slobodan Milosevic restored an oppo sition election victory in Serbia’s sec ond-largest city in an apparent attempt to placate anti-government protesters, the opposition said Sunday. Although voting lists showed that the opposition coalition Zajedno, or Together, clearly won the Nov. 17 municipal elections in the city of Nis, the local electoral commission pro claimed Milosevic’s Socialists the win ners. Courts or commissions annulled opposition victories in more than a dozen Serbian cities, touching off nearly four weeks of daily protests by tens of thousands of people—the larg est against Milosevic since he came to power in 1987. Milosevic called for repeat municipal elections in some cit ies, which the opposition boycotted as it appealed the rulings. FAX NUMBER: 472-1761 The Daily Nebraskan (USPS 144-080) is published by the UNL Publications Board, Nebraska Union 34,1400 R St.. Lincoln. NE 685884)448, Monday through Friday during the academic year; weekly during summer sessions. Readers are encouraged to submit story ideas and comments to the Daily Ne braskan by calling 472-2588. The public has access to the Publications Board. Subscription price is $55 for one year. Postmaster; Send address changes to the Daily Nebraskan, Nebraska Union 34, 1400 R St.. Lincoln, NE 68588-0448. Second-class postage paid at Lincoln, Neb. ALL MATERIAL COPYRIGHT 1996 DAILY NEBRASKAN I— ' II ■ • f , I * I (I • 11 I i I ■ i| ■ I 1 k r_ »i»i»L! ■jouh i iiiiJii i n» ■•1 ^T^■^l^Illl bti ir.iiimiB ■fPHHipBMRpi 'll B^ ■ I llilf ■! ■ I BB8BBBBT jMSMI IllBM m^m .8 MM V 1L - .. f? ■ - th p? +4 '• •; rs i,- i ' ; *-'. 'S L ■ v:-J - : ' H ;■*? r . ■ * ' ■' ■-* . . . ■'■•■■■■■ . man ■■'•awjii