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March 11, 1994 | TOM PETRUNO
Northrop Corp.'s stunning decision to launch a hostile bid for Grumman is another sign that many companies--and not just defense companies--believe the time to do strategic deals is now, investment bankers say. That should translate into a pickup in hostile takeover offers overall this year, perhaps bringing back memories of the tremendous corporate battles of the late 1980s--and providing a welcome new source of support for stock prices.
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BUSINESS
June 20, 1992 | Highlights of Friday's market activity, compiled from Times staff and wire reports:
* The stock market recouped a little of its recent losses with an on-again, off-again rally Friday, riding out a "triple witching hour" in the process. The Dow Jones industrial average rose 11.23 points to close at 3,285.35. * Mexico's stock market advanced for the second day in a row after losing nearly 12% of its value earlier in the week. * Treasury bond prices fell, depressed in part by a belief that interest rates won't fall anytime soon.
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