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NEWS SUMMARY

Date: 16 March 1989

LEAD: International A3-15

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News Of the World

Date: 16 March 1989

By Anthony Lewis

Anthony Lewis

LEAD: Britain's largest-selling newspaper is the Sunday News of the World. (''Last week's sale 5,377,000.'') The lead story last Sunday, marked Exclusive, began:

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NEWS SUMMARY

Date: 15 March 1989

LEAD: INTERNATIONAL A3-14 Strife in the West Bank has brought economic stagnation. In the once-thriving town of Beit Sahur, attitudes toward Israel and the Jews are hardening. Page A1

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Deal Set by McDonnell And General Dynamics

Date: 15 March 1989

By Thomas C. Hayes, Special To the New York Times

Thomas Hayes

LEAD: Five weeks after receiving a huge order for its wide-bodied MD-11 commercial aircraft, the McDonnell Douglas Corporation said today that it had agreed to pay the General Dynamics Corporation about $2 billion over the next six years to produce fuselage sections for the new plane.

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Merck Ulcer Drug

Date: 16 March 1989

Reuters

LEAD: A Food and Drug Administration advisory committee recommended only limited use of Merck & Company's new Losec ulcer drug, citing a potential risk of cancer. The Gastrointestinal Drugs Advisory Committee voted unanimously to recommend that the agency approve Losec for the most serious cases of heartburn after other drugs had been found to be ineffective.

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Farah Reports Two Offers

Date: 16 March 1989

Special to the New York Times

LEAD: Farah Inc., a clothing maker based in El Paso that said in August it would consider selling the company, reported after its annual meeting Tuesday that it had received two bids. One offer is for the entire company and the other for one of its subsidiaries. The Salant Corporation, a

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Buyout Is Backed At Hospital Corp.

Date: 16 March 1989

AP

LEAD: Shareholders of the Hospital Corporation of America approved a $5 billion buyout of the nation's largest hospital management company by an investor group led by the company's top executives. The concern's chairman, Thomas F. Frist Jr., said after the vote that the company would keep most of its hospitals but sell subsidiary properties to help finance the deal.

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Texaco to Widen Sales of Properties

Date: 16 March 1989

LEAD: Texaco Inc. said it would expand its sales of oil- and gas-producing properties to 3,000, to raise $300 million to $600 million. As part of a restructuring package that brought it out of bankruptcy last spring, the company had said that it would sell 600 properties, and in November it raised the figure to 1,400.

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Sony Deal to Make Videodisks in U.S.

Date: 16 March 1989

Reuters

LEAD: The Sony Corporation said it would begin making laser videodisks in the United States under an agreement with Image Entertainment, a videodisk distributor. Sony, which also makes videodisk players, expects the production of disks to spur increased sales of its players. Videodisks, 12-inch platters read by a beam of light, offer superior quality to videotapes.

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Holly Sets Meeting To Vote on Conagra

Date: 15 March 1989

Special to the New York Times

LEAD: The Holly Farms Corporation said it would hold a special stockholders meeting on April 14 to vote on the merger agreement made last year by its board with Conagra Inc. Conagra's offer to acquire the company in a stock swap worth more than $1 billion is subject to the approval of two-thirds of the companies' common stockholders.

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