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1985 Year

March 6, 2013 | By Mike Boehm
Marilyn Monroe, one of America's most beloved pop cultural icons, and New Coke, one of its most despised, commanded the biggest bids in the first in a series of online Christie's auctions of Andy Warhol artworks that ended Tuesday. The winning bids totaled $1.84 million for 124 auction lots. It was the second round of all-Warhol sales in a multi-year effort by the Andy Warhol Foundation for the Visual Arts to liquidate its holdings to boost its grantmaking endowment. Winning bidders also must pay a 25% buyer's premium.
November 1, 1989 | From Reuters
Labor costs for U.S. employers rose 1.6% in the third quarter, the Labor Department said Tuesday, the steepest increase this year and a sign of rising inflationary pressures. The department also said wages have jumped at their highest rate in the past 12 months since September, 1985. The department reported that gross pay, after deducting benefits, rose 4.6% in the year ended Sept. 30, against a 5.0% gain for the September, 1985, year. The 1.
July 25, 1985
Baker International, the Orange-based oil-services company, said its third-quarter profits jumped nearly 21% to $23 million from $19 million while revenue increased a modest 2% to $471.5 million from $461.5 million a year earlier. Chairman and Chief Executive E. H. Clark Jr. said the gains were largely the result of cost-cutting efforts, improved efficiency and lower interest expenses due to declining interest rates. For the first nine months of the 1985 fiscal year, Baker had profits of $61.
September 17, 1985
Citing its start-up costs CompuSave Corp. of Irvine has announced that it lost nearly $4.8 million in its 1985 fiscal year ended May 31. The company went public in 1984 and there are no fiscal 1984 figures for comparison. Despite the loss, president Roger Miller said CompuSave executives are "extremely pleased with our accomplishments over the past year." The company manufactures an electronic, discount mail-order machine for supermarkets and other stores.
December 31, 1985
Bucking the nationwide slump in semiconductor sales, Microsemi Corp. of Santa Ana posted record profits in both the final quarter and its 1985 fiscal year. For the quarter ended Sept. 29, the company reported profits of $1.1 million, 76% higher than the $627,000 recorded in the year-ago period. Sales for the quarter were $9.2 million, 7% above the $8.5 million posted the year before. For the 1985 fiscal year, the company had profits of $4 million, up 48% from the $2.
September 27, 1990 | From Times Wire Services
The United States Soccer Federation wants to bring back a national professional outdoor league. Federation President Alan Rothenberg announced Wednesday that a 16-member committee has been appointed to develop plans for an outdoor league. The last nationwide professional league was the North American Soccer League, which folded in 1985.
Roy Boulting, a filmmaker who made some of Britain's best-known movies and later gained notoriety for his romance with and then marriage to the young actress Hayley Mills, has died. He was 87. Boulting died Monday of cancer in a hospital near his home in Eynsham, in southern England, said family friend Peter Evans. The movie maker worked alternately as director and producer with his identical twin, John. The brothers were considered major forces in the postwar British film industry.
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