The hijacking of a Pan Am 747 bound for New York from Pakistan ended in gunfire and grenade explosions after Arabic-speaking gunmen suddenly began shooting and detonating grenades inside the parked plane at the Karachi international airport. At least 15 people among the nearly 400 aboard were reported killed and scores were wounded. Many passengers fled from the plane. At the same time, Pakistani commandos outside the plane apparently also fired shots, killing two of the gunmen, according to the Pakistani authorities. At least two other hijackers were reported in custody. A United States consular official said there 83 Americans on the plane.
Neerja Bhanot was just 22 years old when she became a hero the world would never forget. In 1986, while working as a flight attendant on Pan Am Flight 73 during a stopover in Karachi, the plane was hijacked by terrorists. Moments into the crisis, they executed an Indian-American passenger and threw his body onto the tarmac — then demanded that Neerja collect all the passengers’ passports to single out American citizens. But Neerja had other plans. Risking her life, she hid the passports of 43 Americans — slipping some under seats, others into trash bins — doing everything she could to keep them from being identified. For 17 agonizing hours, the hijackers held the plane hostage. Then chaos erupted: explosives were detonated, and gunfire rang out. In the middle of the mayhem, Neerja flung open the emergency doors — not to escape, but to lead others to safety. As bullets flew, she shielded three American children with her own body. She was shot and killed. Because of her bravery, 42 of the 44 Americans on board survived.
President Reagan today condemned the seizure of a Pan American jet as a “cruel and sinister terrorist act,” and he accused the hijackers of “a despicable and cowardly crime.” “Nothing can justify such barbarism,” Mr. Reagan said. “We can think of no punishment too severe for the criminals responsible. We are confident that those who perpetrated this brutal act will be brought to justice.” Larry Speakes, the White House spokesman, said there was no immediate evidence whether Libya, Iran or another nation was involved in the attack.
It all happened in the dark. Suddenly gunfire and hand grenades erupted in the cabin of Pan Am Flight 73 as 398 passengers and crew members screamed, wept and fell to the ground. “Somehow someone managed to open up the left and right escape hatches,” said Michael Goldstein, a physician from Los Angeles. “We hit the floor. I literally threw my wife out the door and a few other people before I jumped myself.” After tumbling down a chute to the tarmac of the airport, Dr. Goldstein said, he turned around and saw a woman lying on the ground. She had several gunshot wounds. Next to her was her husband, crying.
The Federal Aviation Administration issued a “general alert” for possible terrorist acts to all United States airlines 10 days ago, a Pan American World Airways executive said last night. The executive, Martin R. Shugrue Jr., Pan Am’s chief operating officer, said that even though the security system at the Karachi airport had passed three inspections by the F.A.A. in 12 months, “the airport perimeter was penetrated by terrorists.” An F.A.A. spokesman, Fred Farrar, confirmed last night that the agency had issued a general alert to airlines. He also said the Karachi airport had been found to be “secure on all counts,” including its perimeter, during the three inspections.
Secretary of State George P. Shultz, expressing growing Administration impatience with the Soviet detention of an American journalist, demanded today that the Soviet Union “find the wisdom” to release the reporter quickly. He asserted that “the dictates of simple human decency and of civilized national behavior” called for the correspondent’s release. Mr. Shultz’s remarks, his first in public on the matter, followed Administration warnings that the imprisonment of the reporter, Nicholas S. Daniloff, could soon begin to jeopardize Soviet-American relations. Mr. Daniloff was seized on Saturday on suspicion of espionage. He was planning to leave the country soon, ending five years as Moscow correspondent for U.S. News & World Report. Mr. Daniloff was seized on Saturday on suspicion of espionage. He was planning to leave the country soon, ending five years as Moscow correspondent for U.S. News & World Report. A White House official in Washington said Mr. Shultz’s remarks, which the secretary inserted into a speech at Harvard University, were the first “salvo” in what would be an escalation of American responses if Mr. Daniloff is not freed by early next week.
Soviet and American officials began two days of arms-control talks in Washington today. The goal of the sessions is to determine ing if there is a basis for possible compromises before the meeting of Secretary of State George P. Shultz and Foreign Minister Eduard A. Shevardnadze scheduled for mid-September. “We are prepared to reach an agreement if there is readiness on the American side,” said Viktor P. Karpov, the head of the Soviet delegation to the talks. Asked if an agreement could be achieved, Mr. Karpov said, “Let’s see.”
In the capital of the Ukraine, and elsewhere in administrative centers of this Soviet republic and neighboring Byelorussia, the Chernobyl nuclear disaster is leaving a legacy — of lists. For months, the authorities have been compiling lists of evacuees. These are mainly in the custody of investigative and administrative commissions formed in Kiev. But that is just the beginning. With 135,000 evacuees, a recent issue of the Ukrainian Communist Party newspaper Pravda Ukrainy indicated that there were lists of war veterans and lists of pensioners, lists of those allowed to visit their evacuated homes -each family can send one person to visit their home once — and lists of those eligible for compensation. A family of five would receive 8,000 rubles for their home, or about $11,200 at the official exchange rate, and 11,500 rubles for other property.
A failed bombing attempt in the Paris subway Thursday night prompted the Government to call today for vigilance in the face of possible new terrorist attacks. The warning was issued after a late-night emergency Cabinet meeting that followed the discovery of a bomb by a passenger in a packed express subway train heading through a tunnel toward the Gare de Lyon in the rush hour. The bomb was dismantled by the police. Officials said today that the bomb, had it gone off, would without doubt have taken a devastating toll in lives and injuries. “When I saw the size of the bomb, I tell myself that all of the cars could have been blown up and the subway tunnel itself could have collapsed,” a witness told Le Monde.
Fourteen people died and more than 50 were injured early today when a fire swept through a crowded hotel in the southern Norwegian resort of Kristiansand, the police said. Four Swedes, a Canadian and seven Norwegians were among the dead. The identities of the two remaining dead were not known. The names of the victims were being withheld pending notification of relatives. About 135 people were believed to be in the 10-story Hotel Caledonia when the blaze broke out in the lobby at 4:40 AM, and dozens were trapped for several hours as the flames cut off exit routes. Helicopters rescued guests from the hotel roof and from bedroom windows as fire and smoke spread to the upper stories of the concrete building. The police said that the cause of the fire was not known but that a team from Oslo had begun an investigation.
Thirty-three Americans were injured when a document-destroying machine blew up during a training exercise at a radar installation in West Berlin today, the United States military said today. Tom Homan, a spokesman, said the accident occurred as Air Force explosives experts were giving an open-air demonstration at Marienfeld radar station on how to eliminate secret written material with an M-4 document destroyer. Mr. Homan said that 24 of those hurt had been released from a hospital after emergency treatment and that nine others were being detained for further care.
An East German family of four climbed over border fences and swam across a river to reach West Germany early today, West German officials said. The family slipped by sentries in watchtowers and swam across the narrow Wakenitz River, said the federal border police in Lubeck, a Baltic port city in northeastern West Germany. The family consisted of a 49-year-old machinist, his 44-year-old pediatrician wife, their 25-year-old son and 19-year-old daughter. No names were issued. An East German man, meanwhile, swam across a lake in East Berlin and then raced across a heavily guarded strip of no man’s land to West Berlin without injury, said the Western Allied command.
The leader of an independent cultural organization in Czechoslovakia and six members of his group have been arrested in the last two days, according to sources in Prague. Karel Srp, the leader of the group known as the Jazz Section, has for five years defied Government efforts to close down the group, whose uncensored news letter on contemporary culture is read by up to 80,000 people. The organization’s leaders have insisted that they operate wholly within Czechoslovak law.
Officials in various European capitals say that during a West European mission that concluded today, Vernon A. Walters, acting as a special envoy for the Reagan Administration, made only perfunctory suggestions for tightening sanctions against Libya and offered no new proof of terrorist plots by Colonel Muammar el-Qaddafi. European officials, having braced for what had been billed in Washington as a renewed effort to step up pressure for tougher measures against Libya, indicated that they were bemused and pleasantly surprised to find that Mr. Walters, the chief American delegate to the United Nations, had an extremely vague brief. “The avowed purpose seems to have been to raise the consciousness of the Europeans as far as Libya is concerned,” a senior West German foreign-policy adviser said. “I’m not so sure that was really necessary.”
Israeli troops raided a Muslim Shiite village in southern Lebanon today, and an Israeli soldier was killed in an ensuing battle with local gunmen, according to an Israeli military spokesman and Lebanese radio stations. The spokesman was quoted by Israeli radio, monitored here, as saying that the raid took place near Zebqine, four miles north of the Israeli-designated “security zone” in southern Lebanon. Four people the Israelis described as guerrillas were captured and taken to Israel. Israeli troops destroyed a house they said was used as a base for guerrilla operations, the spokesman said.
President Corazon C. Aquino met here today with a Moslem separatist chieftain and agreed to open peace talks to resolve a 14-year-old insurgency that has taken more than 50,000 lives. Setting aside protocol in what she said was a demonstration of her sincerity, Mrs. Aquino flew to this southern island to meet with the chieftain, Nur Misuari, who returned this week from a 10-year exile in Saudi Arabia. In the hourlong talks in a Roman Catholic convent guarded by Philippine soldiers and guerrillas, Mrs. Aquino and Mr. Misuari agreed that a truce that has kept the insurgency quiescent since she came to power should be extended. A statement issued after the meeting said the participants “agreed to support the continued cessation of hostilities” and that “substantive negotiations in the future” would be held under the auspices of the Organization of Islamic Countries.
The Reagan Administration said today that it had cleared 68 Cuban political prisoners for admission to the United States and that the Cuban Government would probably release them by the end of this month. Officials from the Immigration and Naturalization Service and the State Department have been interviewing the Cubans in Havana for the last two weeks. Craig O. Raynsford, a lawyer with the immigration service, and Gregory Lagana, a State Department spokesman, said the 68 would constitute one of the largest groups of political prisoners to leave Cuba since more than 120,000 people were permitted to leave the Cuban port of Mariel in 1980. The 68 people involved in the current program have all been in Cuban prisons for at least 10 years, and some have been detained for more than 25 years, according to the State Department. Many are elderly, in their 60’s or 70’s. American officials say the group includes officials of the former Government of Fulgencio Batista who were accused of crimes committed before Fidel Castro took power in 1959.
Nicaragua’s Government temporarily lifted a ban today on unauthorized political rallies and partly suspended press censorship in response to calls from the opposition for a more democratic debate on the country’s new constitution. An Interior Ministry statement said opposition parties would be guaranteed freedom to organize political meetings and publicize their views without censorship during four months of new constitutional debate in the National Assembly starting September 16. The statement said news organizations were authorized to broadcast interviews and commentaries on the debates without restrictions. Government permission for political meetings would not be required while the debates were under way, the statement added.
The Liberian leader, General Samuel K. Doe, defended the United States here today at the meeting of nations professing nonalignment. Washington has been the target of fierce criticism during much of the meeting of the Nonaligned Movement. “I just cannot understand why so many African countries condemn the United States with one hand while reaching out for U.S. aid with the other,” said General Doe, a former master sergeant who was trained in the United States and who seized power in Liberia six years ago.
South African security forces stood by in the black township of Soweto today as families buried victims killed in clashes there last week. Witnesses said the coffins were buried at Avalon Cemetery after violence and confusion on Thursday, when clerics and residents tried to defy a police ban on a mass funeral. For 36 hours, coffins containing the bodies of more than 20 people killed clashes with security forces were at the center of a dispute between the authorities and residents.
An unmanned Delta rocket carrying a secret payload for an antimissile system was fired into space today, marking a major United States success in a year plagued by catastrophe and mishap. The secret project was the first major experiment in President Reagan’s antimissile plan to be conducted entirely in space. The experiment, involving one satellite tracking and destroying another, was declared a complete success by the Pentagon. At 11:08 AM, amid unusual secrecy and security, the $42 million rocket rose from pad 17B of the Cape Canaveral Air Force Station, arcing due east into a partly cloudy sky. Space agency ground controllers repeatedly cheered as the Delta soared flawlessly into space, ending a string of rocket failures highlighted by the explosion of the space shuttle Challenger on January 28. A year ago a Delta launching would have attracted little notice. “We’re back in the groove,” William A. Russell Jr., Delta Project manager at the National Aeronautics and Space Administration’s Goddard Space Flight Center in Greenbelt, Maryland, said at a news conference here. He added that the rocket had put its payloads into an orbit 255 miles above the earth. “This success is very significant,” Charles D. Gay, director of expendable vehicles at the Kennedy Space Center here, said at the briefing. “We needed it for morale purposes, and the country needed it because we’ve had a string of failures.”
The Secretary of Defense today disputed charges that the Reagan Adminstration was quietly reorienting its strategic defense plans to protect missile sites instead of people. “There is only one S.D.I., not two or three,” Secretary Caspar W. Weinberger said of the proposal for a space-oriented defense against nuclear missiles, which President Reagan calls his Strategic Defense Initiative. “When the President says that we are aiming at a strategic defense designed to protect people, that is exactly what he means.”
John A. Walker Jr. failed recent polygraph tests and prosecutors are concerned that the Navy veteran is lying about the origins of his career as a Soviet spy, law-enforcement officials and others familiar with the case said today. One source close to the investigation said that Mr. Walker, a former Navy warrant officer, had been found to be deceptive when questioned about whether he or his brother Arthur had formed a spy ring that the Government has described as one of the most damaging espionage operations in American history. If Arthur J. Walker was the one who started the espionage ring, officials said, it could mean that the spy operation did even more damage than is now believed. In his Navy career, Arthur Walker, who was a lieutenant commander when he retired, had access to extensive secret information about the United States submarine fleet.
Federal officials said they might be forced to abandon the plea bargain with Mr. Walker and his son, Michael, and place them on trial.
In separate measures passed recently, the House and Senate have put the Reagan Administration on notice that Congress feels proposals by the Secretary of Defense to strengthen the military’s special operations do not go far enough. The legislation, in the form of amendments to a key military bill, seeks to assure greater independence, authority and budgetary influence for those in charge of armed units that carry out commando and counterterrorist operations like the 1980 attempt to rescue the American hostages in Iran. And although the eventual enactment of such a measure is uncertain, the votes signal both houses’ concern over the state of the country’s special forces. That concern is evident in the Administration as well, which has proposed less far-reaching changes.
The nation’s unemployment rate eased one-tenth of a point to 6.7 percent in August, the third successive month of decline, the Labor Department reported today. Although the improvement in this basic gauge of labor market conditions was slight, it was taken as a hopeful sign by analysts, many of whom had been expecting that the jobless rate would rise. They said they were especially heartened by some long-awaited stability in the battered manufacturing sector of the economy and by another record in the percentage of the American population holding jobs. “It looks pretty encouraging,” said Edward L. McClelland, an economist at the Dallas-based RepublicBank Corporation, referring particularly to a gain of 19,000 manufacturing jobs. “The caveat is that one month doesn’t make a trend.”
A disgruntled employee who was being laid off from his job as an editor of The Encyclopedia Britannica secretly rewrote parts of history articles in computer files for forthcoming editions, company officials confirmed here today. Among other changes, the worker substituted Allah for Jesus Christ and wrote in the names of some Britannica executives as historical figures in other articles. But safeguards built into the publisher’s computerized editorial system enabled other editors to spot the changes and make corrections before the volumes went to press. “None of the changes ever left the computer room,” said Norman Braun, the Britannica’s vice president for public affairs, “The former employee has admitted everything and confirmed all the changes.”
The young woman found dead in New York’s Central Park last week was killed by pressure applied to her throat for at least 20 seconds, according to law-enforcement officials who reviewed autopsy findings yesterday. The full findings by the City Medical Examiner’s office seem to contradict an account of the Aug. 26 death given to the police by the man charged with the slaying of the woman, Jennifer Dawn Levin, who was 18. The man, Robert E. Chambers Jr., 19, in a videotaped statement to the police and a prosecutor, made no reference to choking Miss Levin or clasping her throat. Police officials said Mr. Chambers asserted that he accidentally struck Miss Levin once because she was hurting him during a sexual act in the park.
More than 7,200 teachers continued their strikes yesterday in school districts with nearly 118,000 pupils in eight states. With 14 walkouts affecting 53,068 pupils, Pennsylvania was the hardest hit. Teachers were also off the job in Michigan, Illinois, Ohio, Massachusetts, New Jersey, Rhode Island and Washington. In Pennsylvania, teachers were picketing six school districts in Philadelphia’s suburbs, three in western Pennsylvania, three in Berks County and one in Bradford County. In York County, the Spring Grove school board reached a tentative settlement with 215 striking teachers and classes were scheduled to resume Monday. In Michigan, 1,260 teachers continued walkouts.
A national testing board for teachers is to be planned by a panel appointed by the Carnegie Forum on Education and the Economy, which proposed the board last May. The board would certify the professional qualification of teachers. The proposal for certification, which would be voluntary for teachers, has been endorsed the two major teacher unions and by the National Governors’ Association.
An independent union of steelworkers struck the Middletown Works of Armco Inc. tonight after last-minute negotiations broke down. The Armco Employees Independent Federation said members voted 3,592 to 247 for a strike in a vote taken over three days. The union said it had asked for negotiations to continue while working under the old contract. Armco, however, imposed a new contract last week that included for wage cuts but provided profit sharing. Armco said it needed the cuts to remain competitive with other steelmakers and to be able to invest in needed improvements.
Workers walked off the job today at three plants operated by Almaden Vineyards, making it the ninth winemaker struck over the past three weeks by about 1,200 union members. The harvest-time battle between the 12-member Winery Employers Association and workers, has affected the makers of about half of California’s $5.5 billion in yearly wine production. Today, about 350 members the union, the Winery, Distillery and Allied Workers Locals 186 and 45, walked off the job at the Almaden plants in San Jose and San Benito County. Talks have been stalled since Wednesday in a dispute over proposed cuts in wages and fringe benefits, with no others scheduled.
The lawyer for John Gotti said yesterday that his client “doesn’t know” and had “nothing to do” with the organized-crime member who became an informer and reportedly told of Mr. Gotti’s criminal activities. The lawyer, Bruce Cutler, also denied the contention of Federal prosecutors that a recording made secretly by the informer during a meeting with Mr. Gotti and others had provided “direct evidence” of Mr. Gotti’s role as manager of a gambling operation. “You have several minutes of idle conversation about a very minor card game,” Mr. Cutler said. “Certainly playing cards is not against the law.”
Nearly 1,000 people gathered in Los Angeles to remember three members of one family who were killed last weekend when two airplanes collided over their home in a Los Angeles suburb. “Here was a family that loved each other,” the Rev. Herbert Carson said at a memorial service Thursday night in Artesia for Frank Estrada, who was 43 years old, and his children Javier, 16, and Anjelica, 14. The County Coroner’s office has not confirmed the deaths of any individuals on the ground in Sunday’s disaster, but Mr. Estrada and his children were known to be home when an Aeromexico jet collided with a private plane and leveled their house.
A full-rigged sailing ship sank in a sudden squall Sunday off the coast of North Carolina, but the five crew members were rescued by a fisherman after they drifted five days on a life raft without food or water. The 135-foot vessel, the Calida, had sailed in New York’s Liberty Weekend in July.
Third MTV Video Music Awards: Whitney Houston wins.
Helena Sukova ended Chris Evert Lloyd’s dream of a seventh U.S. Open championship Friday with a decisive 6–2, 6–4 victory in the women’s singles semifinals. Lloyd, the second seed who reached the Open semifinals for a record 16th straight year, had trouble with her serve throughout the match. She was broken three times in the first set and twice in the second.
Major League Baseball:
The Pittsburgh Pirates bowed to the Atlanta Braves 4–3. Glenn Hubbard and Terry Harper hit consecutive doubles with two out in the ninth to give Atlanta the victory. Hubbard’s double came on a drive that popped out of the outstretched glove of center fielder Barry Bonds. Harper followed with a drive down the left-field line off Rick Rhoden, 15–8.
The Seattle Mariners thumped the Baltimore Orioles, 8–2. Jim Presley and Scott Bradley each drove in two runs and Phil Bradley hit a bases-empty home run as Seattle got at least one hit from everyone in the lineup. Mike Moore (10–11) pitched a six-hitter for the Mariners.
Roger Clemens (21–4) goes 7 innings as the Red Sox gang up on the Twins to win, 12–2. Jim Rice has a grand slam, off Frank Viola, and drives in 5 runs, and Bill Buckner adds a homer, 3 runs and 3 RBIs. The Red Sox lead 2nd-place Toronto by 5.5 games. With their sixth consecutive victory, the Red Sox increased their lead over Toronto in the American League East to five and a half games. Toronto lost to Chicago tonight. Clemens allowed six hits in seven innings before being relieved by Steve Crawford. He struck out four, raising his league-leading total to 211, and walked two.
Reggie Jackson, the unwanted Angel, stroked two home runs against his former club tonight, but the Yankees had an offensive weapon of their own: Joel Skinner, who drove in a career-high four runs in a 7–4 victory over the California Angels. Dave Righetti pitched the final two and one-third innings, struck out three and earned his 35th save of the season, tying Sparky Lyle’s 1972 club record. Righetti now has converted 18 straight save chances and has saved 11 of the Yankees’ last 12 victories. The Yankees needed to win to remain eight and one half games behind the Boston Red Sox, who routed Minnesota.
The Chicago White Sox blanked the Toronto Blue Jays, 5–0. Rich Dotson pitched a four-hitter for his first shutout since May 20, 1984. In becoming Chicago’s first 10-game winner this season, Dotson (10–13) dealt the Blue Jays only their second loss in their last 12 games.
The Chicago Cubs rolled over the Cincinnati Reds 11–2. Dave Parker drove in five runs with a pair of homers. Parker hit a two-run homer in the fifth off Rick Sutcliffe (4–13), who has not won since June 2. He followed with a three-run homer in the seventh off Ron Davis, his 28th of the season. Parker has 102 runs batted in.
The St. Louis Cardinals beat the Houston Astros, 8–5. Tommy Herr drove in four runs with three hits. Herr had an RBI single in the third inning and singled home the tiebreaking run in the seventh. He added a two-run triple in the ninth. The Astros’ Billy Hatcher led off the first inning with a triple, extending his hitting streak to 14 games.
The Cleveland Indians clobbered the Milwaukee Brewers, 13–5. Cory Snyder hit his 21st home run and added an RBI single as Cleveland handed Milwaukee its seventh straight loss. Phil Niekro (11–10) scattered six hits over seven innings. Mel Hall, the Indians’ left fielder, was hit in the jaw with a pitch in the fifth inning. He was taken to a local hospital for X-rays. Manager Pat Corrales said after the game that Hall’s injury did not appear to be serious.
The San Francisco Giants topped the Montreal Expos by a score of 8–4. Jose Uribe’s run-scoring single broke an eighth-inning tie and Scott Garrelts, a pitcher, hit a three-run homer in the ninth inning for San Francisco. Bob Melvin had two doubles and scored two runs to help the Giants’ cause. Melvin scored the winning run when he tagged Tim Burke, 8–7, for his second double with two outs in the eighth and scored on a close play at the plate after Jose Uribe’s single to right.
Kirk Gibson’s two-run single in the seventh inning lifted the Detroit Tigers to a come-from-behind 9–4 victory over the Oakland A’s. Gibson singled off Dave Von Ohlen, 0–2, who relieved Jose Rijo after the A’s starter walked Mike Heath to open the seventh. It was the fifth walk by Rijo, who allowed only three hits and took a 4–2 lead into the seventh.
The Philadelphia Phillies shut out the Los Angeles Dodgers, 4–0. Gary Redus hit a two-run single in the seventh inning and Don Carman (8–5) and Steve Bedrosian combined on a six-hitter in a rain-delayed game. The Dodgers’ Steve Sax, who had three hits, singled in his first two times at bat, giving him six straight hits over two games. He grounded out in his next time at bat.
Darrell Porter, a last-minute replacement in the starting lineup, highlighted a six-run fifth inning with a grand slam homer as the Texas Rangers beat the Kansas City Royals, 7–6. Don Slaught was listed as the starting catcher for the Rangers, but after the start of the game was delayed by rain for two hours and 23 minutes, Slaught was scratched and Porter was penciled in.
The scheduled game between the San Diego Padres and the Mets at New York was postponed due to rain. The game will be made up as part of a doubleheader tomorrow.
Pittsburgh Pirates 3, Atlanta Braves 4
Seattle Mariners 8, Baltimore Orioles 2
Minnesota Twins 2, Boston Red Sox 12
New York Yankees 7, California Angels 4
Toronto Blue Jays 0, Chicago White Sox 5
Chicago Cubs 2, Cincinnati Reds 11
St. Louis Cardinals 8, Houston Astros 5
Cleveland Indians 13, Milwaukee Brewers 5
San Francisco Giants 8, Montreal Expos 4
Detroit Tigers 9, Oakland Athletics 4
Los Angeles Dodgers 0, Philadelphia Phillies 4
Kansas City Royals 6, Texas Rangers 7
Stock prices pulled back in frenzied trading yesterday, just one day after investors celebrated an improving economy with record stock prices. Instead, they began worrying about the bad side of a business upturn. In particular, the financial community feared that interest rates — which have been declining for many months — might cease their slide. This fear put pressure on the shares of companies in the financial services, banking and utility industries. Certain drug and communications stocks also dropped. The Dow Jones industrial average, which closed at a record high of 1,919.71 on Thursday, lost 19.96 points yesterday to finish the week at 1,899.75.
Dow Jones Industrial Average: 1899.75 (-19.96)
Born:
Colt McCoy, NFL quarterback (Cleveland Browns, San Francisco 49ers, Washington Redskins, New York Giants, Arizona Cardinals), in Hobbs, New Mexico.
Nate Ness, NFL safety (Seattle Seahawks, Miami Dolphins, St. Louis Rams, Detroit Lions), in Gardenia, California.
Francis Ngannou, Cameroonian-French mixed martial artist and boxer, in Batié, Cameroon.
History Diaries 