European Stars And Stripes (Newspaper) - February 18, 1988, Darmstadt, Hesse Thursday february 18, 19b8 the stars and stripes Page 7 japanese company to buy Firestone tire a St York inti marking what an arms describe us the largest Sinesi mini in a japanese compans in an american manufacturing concern Ilie Firestone tire and rubber t o. Said tuesday Hinl h preliminarily agreed in sell is percent of is lire operations in inc corp. Of Japan for ii i ii Ion Lulli Deal would give Coil in i if this nation s third largest lire manufacturer. U comes when japanese investment in the1 Ini cd stairs has been snaring spurred by the declining value of lilt Dollar in trillion to the yen. Is ear japanese companies spent s5.9 Bil Iun on publicly announced acquisitions or twice the amount spent in 1986, according 10 1 Miner Brothers an invest null Hanking firm thai special Jucs in in Iasi nails by japanese companies. Firestone in the lire business since inc turn of inc Century will retain a 25 per cent slake in the unil that Wilt own and operate what has been the company s largest business with sales of j1.6 billion a year. The arrangement will Greally re Duce Ilic Chicago based company s dependence on the fiercely comic Lilic. Capital intensive tire manufacturing business which dices not prospects in the untied states. After the Deal. Fire Sion s largest Busi Ness will he its six retail stores which sell tires and other Auto products and which repair cars. Its other remaining businesses will include building products synthetic rubber Man rial and other Industrial products. The company also Hopes to turn its car rental business now operating in Minneapolis and Oklahoma City into nationwide Chain. For Bridges inc. The world s third largest tire maker after Goodyear of inc United states and Michelin of France the joint venture will enable it to achieve its goal of becoming a major competitor in the United Stales. It also gives the company which operates 12 plants in Japan Jor position in Europe. Fire Stone owns plants in Portugal Spain France and Italy Firestone operations covered under the joint venture also in clude plants ill Argentina. Brazil and Venezuela. Bridge Lonc also makes chemical and Industrial rubber products and sporting goods such us Golf balls Tennis shoes and Tennis rackets. The name Bridges tone comes from a literal translation of the surname of the company s founder Shojiro Ishibashi c Ishi meaning Stone and Bashi meaning Bridge. The arrangement Between Firestone and underscores the dramatic restructuring under Way in the Ameri can tire Industry which has suffered from overcapacity in recent years. In 1984 uniroyal and , Goodich abandoned the business by merging their tire operations into an Independent company. And last year go corp based in Akron Ohio sold in general tire subsidiary to Continental a West German tire manufacturer. John. Nevin. Firestone s chairman and chief executive said in a statement that the company s shareholders would be served by their equity in a stronger tire company and by the sales and profit opportunities provided by Firestone s ongoing automotive services and Diversi fied products business.4 upon news of the agreement. Fire Stone s Slock soared s9.i5 in tuesday s trading on the new York Slock Exchange closing at $45, Marcos furnishings fetch More than $55,000 York ill it More than s55.000 in prop erty Anim former philippine Leader Ferdinand Marcos a a Quillan apartment was auctioned off tuesday including a pair of Imelda Marcos shoes that a local Man bought for his Mother. Nearly 40 1 people jammed a Small room at Christie s l am when the bidding began at the auction Huuston Manhattan s upper East Side. It was just packed la seas filled to the brim with people explained Anne Falicya. A Christie s spokeswoman and thu Aimos Herc was just the Iiams Mil on the auction Block were part of the furnishings of an snarl men onu1 maintained for the Marcuse in Ilie of snip towers a building on a i Fly a ten lie i la Siul the philippine n comm is Siun on ipod Jiuu tement author ii the auction and directed Ifni it1 proceeds l e used to finance land re form measures in the Philippines. Among those who jammed the auction House were the common Folk who ordinarily leave Christie s auctions to connoisseurs of Fine Art and turn it u n1. La Houghl in a lot of people who do Noi usually come i a Lions Taliej said. People who do not usually attend came in just to Liny conversational it was very noisy and the whole thing was very up " she said. Four pairs of Inu Lda Mai ctn shoes were purchased he the eur alar of it Mion to he opened museum in Nova Sioli to. Tier Sisoes which Felch cd s77. Ssh Anil % m will be pan of an exhibit on contemporary Wear. A fifth pair a rhinestone tipped pump was purchased Liv a new Vork t ily Man who Ai cd to remain unidentified. I Ahey said the Man Ink the auctioneer he wanted the sluices Tor his Mother. An unidentified woman paid slim for a Mink jacket mice worn by the former first lady of the Philippines a my of five lemnos traditional philippine for Mal a owns commissioned by Imedda Marcos and de were looking for hit vocalist \ Wurker it Christie s Auslinn How Dos plus s u pair of Imelda a runs Chocs thai were sold tuesday in new York. Signed by Joe Salo a fetched Sim. A ii-by-10 foot scr Man earned with a Green Back ground and a pastel Floral Center Fri Click h25. An ornate Sevres Baluster urn sold for s2.jiu Fahey said items such As a painting of is. Peier produced by an artist in the 17th-Century italian school that was sold for $ 1.4 to is up cited to appreciate in value and May have been purchased As an investment. Dealers generally avoided inc 87 items of clothing because of their Low resale value. She said those pieces were purchased by curiosity seekers us conversational in All 112 lots of Marcos property were sold. There were from one to Alghi items in each lot. Exact totals were not available but officials said the Marcos prop erty brought in $55,410 to s84.fi30. Last november Christie s auctioned a famine la tour painting from the same Manhattan apartment for 1440.000. Gunmen Force part goers to strip Rob them St. I aul Minn. A t olice Are seeding tour Ioen who burst into a re cording studio wielding machine gum Munda and ordered about 40 party goers to strip before ribbing them. Witnesses said the gunmen were looking for twin cities vocalist a Xan Der u Neal who recently topped the Black music charts Wilh list o in Al was Mil Al the party which followed a to Mocerl by him in min Neapolis when the men Hurst into the Small basement studio. Joseph Karriem. One of the victims. Said the Robby appeared 10 be under he implosion that members of o Neal s band had brought with them a significant amount of Money earned from the concert. They came ready to Rob fort he were looking for the Money from the Orp cum said Karriem s Mother Tommie. They came in her looking for Alexander o police had no suspects it Robert an Derson head of the St. Paul police Rob Bers unit said investigators believe none of the Money stolen was concert proceeds. The total value of goods and Cash stolen has yet to be compiled he added. According to mrs. Karriem the men who broke up the party at 4 . Mon Day forced sonic guests to strip to their underwear and others 10 strip Complete were All deathly afraid she said. These were terrorists. They made us Lay on lop of each other naked in the come and pointed the machine guns at our anytime anyone would look up from the floor the rubbers would threaten Loi Hool police sol. Khad Schwab said. They took everything jewelry Wal lets keys Neal s Bass player. Rwy Varrily walked in during the Middle of the robbery and was beaten with a gun until he went into convulsions said mrs. Karriem Garril was treated at St. Paul Ramsey medical Center and released. Joseph Karriem said the bandits had plenty of Lime to leave hut they wanted to torment were even talking about wasting the police he said i pc never see anything like this in St. I aul or min Neap said he believes the robbery was set up by someone Olio knew about the Cele said the gunmen left a Mes Sage for o Neal who had left for hous ton after the concert they told us to Tell Alex that their children did t have nothing for Christmas but they had Lom thing now Joseph Karriem said
