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Page 6/The Battalion/Friday, July 25, 1986
Lockheed head
admits laxness
in handling
of secrets
Kentucky Fried Chicken sells out
Alpine Village Phase I&II
Renovation in Progress
Mini Blinds, New Carpet
Fitness Center
One and Two Bedrooms Available
$250-$375
Sign a 9-12 month lease with us and
choose one of the following:
* Kitchen Clock Radio Phone
* Answering Machine
plus
All new residents are eligible for)
a 3 day, 2 night trip
* Drawing Sept. 1 *
Leasing Office: 1402 Holleman #103
693-3894
Sold! For $850 million
WASHINGTON (AP) — The
chairman of Lockheed Corp. ad
mitted to Congress on Thursday
that his company has been sloppy in
its handling of secret documents, but
said there is no evidence any of the
papers fell into Soviet hands.
“Our internal laxness . . .is inexcu
sable,” Lawrence O. Kitchen told the
House Energy and Commerce inves
tigations subcommittee.
Neither Kitchen nor any of the
congressmen at the hearing would
say what the documents involve, but
sources who have declined to be
named say the papers concern the
highly secret F-19 “stealth” fighter.
NEW YORK (AP) — Pepsico Inc.
announced Thursday it has reached
an agreement in principle to pur
chase Kentucky Fried Chicken Corp.
from RJR Nabisco Inc. for about
$850 million in cash.
Kentucky Fried Chicken is the
second largest restaurant chain in
the world — af ter McDonald’s Corp.
— with its 6,500 franchised and
company-owned restaurants.
Pepsico already operates Pizza
Hut and Taco Bell restaurants, in
addition to its Pepsi-Cola soft drink
and Frito-Lay snack foods busi
nesses.
The combination would create the
world’s largest restaurant group,
with more than 14,000 restaurants.
Pepsico, the No. 2 soft drink
maker behind Coca-Cola Co., earlier
this month announced it acquired
the international operations of
Seven-Up Co. from Philip Morris
Co. for $246 million in cash. That
announcement came after the Fed
eral Trade Commission objected on
antitrust grounds to Pepsico’s earlier
deal to acquire the domestic and in
ternational divisions of Seven-
Flie Kentucky Fried Chid
agreement is subject to them
tion of a definitive agreement
view by government agenciesai](|
nal approval by the boardi
directors of both companies,
said.
“KFC is an excellent stratep
for Pepsico and a logical extern
of our existing businesses,’’sad
Wayne Calloway, chairman J
chief executive officer of PeJ
which has headquarters in Purm
N.Y.
From
ffexas At
nai invest^
tin Dallas
idations
iches, th
BcM Athle
Dr. Thoi
World Briefs
School board bans Shakespeare play
TORONTO (AP) — Ninth-
graders in an Ontario school
threw coins at Jewish students
and scrawled swastikas on their
desks after the class began study
ing William Shakespeare’s classic
drama of Shylock, the Jewish
moneylender.
Parents complained and the lo
cal school board banned “The
Merchant of Venice” until the
Education Ministry or Human
Rights Commission rules whether
it is anti-Semitic.
Stock market shows moderate decline
NEW YORK (AP) — Railroad
issues suffered some of the big
gest losses as the stock market de
clined moderately Thursday.
Analysts said traders, still cau
tious about the economic outlook,
shied away from extending the
mild rally in stock prices since the
start of the week.
The Dow Jones average of 30
industrials, up 20.39 points from
Monday through Wednesday’s
close, dropped back 6.75 to
1,791.62.
New subsidies to aid$en<
farm exports battle re J e '
in H<
WASHINGTON (AP) — A single
California farming operation will
harvest $20 million in federal subsi
dies this year, part of a bumper crop
of multimillion-dollar payments that
the government is laying out in
America’s struggle to regain its for
mer dominance in farm exports.
“Multimillion-dollar payments in
rice and cotton will not be uncom
mon,” Robert Thompson, the Agri
culture Department’s chief econo
mist, said recently.
Rep. Tony Coelho, D-Calif., a
member of the House Agriculture
Commitee, which helped write the
law, said, “They’re going to be big,
2 DAYS
FRIDAY & SATURDAY, JULY 25 & 26
SIOMWIDE ON
FASHIONS FOR THE HOME
AND THE ENTIRE FAMILY
H CLEARANCE
SHOP ALL FOLEY’S BRANCH STORES SUNDAY 12 NOON TO 6 P.M.
IN THE HOUSTON AREA: SHOP ALMEDA. DEERBROOK. GREENSPOINT. MEMORIAL. NORTHWEST, SHARPSTOWN, WEST OAKS, WILLOWBROOK. MONDAY THROUGH SATURDAY 10 A M. TO 9:30 P.M. PASADENA & SAN JACINTO MONDAY THROUGH SATURDAY 10 A M. TO 9 P.M.
SHOP DOWNTOWN HOUSTON STORE. MONDAY THROUGH FRIDAY 9:30 A M TO 6 P.M , SATURDAY 9:30 A M TO 5:30 P.M.. CLOSED SUNDAY. IN AUSTIN: SHOP HIGHLAND MALL, BARTON CREEK SQUARE MONDAY THROUGH SATURDAY 10 A M. TO 9:30 P.M.
IN SAN ANTONIO: SHOP INGRAM PARK MALL, NORTH STAR MALL MONDAY THROUGH SATURDAY 10 A M TO 9:30 P.M, IN BRYANJCOLLEOE STATION: SHOP POST OAK MALL MONDAY THROUGH SATURDAY 10 A M. TO 9 P.M.
and very controversial. We
that when we did ilm Hm p.
u a\ u > t u i n ii a i < >mi(l is to gettlB'v-H 111
big guys cooperating so we can* p fQ>
1 he estimates are that thes
ment will lay out upwards of pj
lion foi farm aid this year. ■WASH I
Flie apparent top recipier; nfe ot ' at<)IS
subsidies under the new farm!- m(lSt () l a
agribusiness giant | (. ICmwII! ■Lite ill,
Figures computed bv theA^W' f° r sei
tural Stabilization and Censer P» in f° r ov
Service, the Agriculture DeJ s y Me,n -
ment’s subsidy arm, show 1 ‘ 11
well will collect nearly
.
lie Hi
in payments on those crops
$10.4 mW" 11 Sl 1
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1215 Tx. Ave.
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Bryan 779-2626
| Under New Ownership
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