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LOSING BIDDER IN SALE OF NEWS AGENCY SUES WINNER FOR $975 MILLION

Date: 03 January 1986

AP

A would-be buyer of United Press International filed suit today against the successful bidder for the news service, its present management, its major union and its unsecured creditors. Financial News Network, the telecommunications company that mounted a fierce fight to acquire U.P.I., charged that Mario Vazquez Rana and others conspired to assure that Mr. Vazquez Rana would be the winning bidder. The suit, filed in Federal District Court, asks for $975 million.

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NEWS SUMMARY: FRIDAY, JANUARY 3, 1986

Date: 03 January 1986

International Washington again urged sanctions against Libya for its purported support of terrorist groups. The United States said it agreed with Israel that the attacks at the Rome and Vienna airports called for international economic and political penalties against Libya by Western European and other countries and not just retaliation by Israel or the United States. [ Page A1, Column 6. ] Libya's influence in Western Europe has begun to weaken as a result of Tripoli's purported sponsorship of terrorism and the decline of oil prices, according to diplomatic and political officials. But they said that some countries, including West Germany and Italy, remain economically tied to Libya and oppose punitive measures against Tripoli. [ A1:4-6. ]

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NEWS SUMMARY: Thursday, January 2, 1986

Date: 02 January 1986

International An unusual television exchange was carried out by President Reagan and Mikhail S. Gorbachev. They extended New Year's greetings to the Soviet and American people and expressed hope that the two countries could narrow their differences in 1986. The five-minute statements were made with voice-over translations. [ Page A1, Column 6. ] Spain and Portugal became members of the European Economic Community after eight years of arduous negotiations. The 12-member community now has a common market that encompasses 320 million people, one-third more than the population of the United States. [ A1:1. ]

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Bad News for Cavaliers

Date: 03 January 1986

Phil Hubbard, the 6-foot-8-inch power forward of the Cleveland Cavaliers, has missed five games because of an injury to his right wrist, but now doctors are saying he will be out at least six weeks and maybe for the rest of the season. The wrist, which at first was thought to be sprained, was examined again yesterday at the Cleveland Clinic.

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INCOMING LAW SCHOOL DEAN WITH 2 CAREERS

Date: 02 January 1986

When Charles L. Black Jr. was teaching his class in equity at Columbia Law School in the 50's, he once called on a first-year student named Barbara Aronstein. She was stumped, and pleaded the Socratic method's equivalent of the Fifth Amendment. ''Unprepared, sir,'' she said. Thirty years after that inauspicious start, Barbara Aronstein Black has been called on again at Columbia Law School. This time, however, the questioner was not the man she later married, but the institution itself asking her to take its helm. And this time, she was clearly prepared with an answer: ''Yes.''

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ONE NEWSPAPER DIES, BUT RESCUE ATTEMPTS ARE CONTINUING FOR TWO OTHERS

Date: 03 January 1986

By Alex S. Jones

Alex Jones

By midafternoon on New Year's Eve the newsroom of The Columbus Citizen-Journal in Columbus, Ohio, was silent after publication that morning of the newspaper's last issue. The Citizen-Journal lost its place as the city's morning paper to The Columbus Dispatch, a larger-circulation evening daily that switched to morning publication Jan. 1. Efforts by Scripps-Howard Newspapers, the chain that owns The Citizen-Journal, to sell the unprofitable paper by its Jan. 1 deadline were unsuccessful, despite a dramatic last-minute effort by an Ohio businessman to raise enough money to keep it going. But in two other cities where second-ranked newspapers are fighting for their lives, the prospects of survival seem brighter.

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AQUINO SAYS SHE WOULD PERMIT COMMUNISTS IN HER GOVERNMENT

Date: 03 January 1986

AP

Corazon C. Aquino, the opposition candidate, campaigned today in a political stronghold of President Ferdinand E. Marcos and said she would allow Communists into a coalition government if they agreed to renounce violence. Mrs. Aquino stood at the base of a three-story-high bust of Mr. Marcos that overlooks a Government-run golf course and resort named Marcos Park and said, ''I will leave it to the Filipino people to decide what they want to do with this.'' At a news conference in nearby Baguio, 125 miles north of Manila, Mrs. Aquino responded to charges by Mr. Marcos that the country would fall to Communism if she defeated him in the special election scheduled for Feb. 7. Rebuts Assertion on Communism ''I would be the last person in the world to be a Communist,'' she said. ''I have never been a Communist, and I do not intend to be a Communist.

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China Oil Output Up

Date: 03 January 1986

AP

China's 1985 crude oil production totaled 124.8 million tons - about 911 million barrels - 5.3 percent more than the 1984 output, the official New China News Agency said today.

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ERRING TEST MISSILE TAKEN MOSTLY IN STRIDE IN FLORIDA AREA TIED TO MILITARY

Date: 03 January 1986

By Jon Nordheimer, Special To the New York Times

Jon Nordheimer

When the Pentagon disclosed plans for a series of test flights of unarmed Tomahawk cruise missiles over the Florida Panhandle and southern Alabama, it said the odds against a malfunctioning missile's raining death and destruction on the populace below were a quadrillion to one. So it was with a measure of discomfort that the public learned that in the very first of 40 or more tests planned, a Tomahawk went astray. Passing over the coast at subsonic speeds after it was launched Dec. 8 from a nuclear submarine in the Gulf of Mexico, the missile veered miles off course. Chase planes aborted the missile's flight by activating a parachute.

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Mr. Gorbachev's Watch in Afghanistan

Date: 02 January 1986

Of Mikhail Gorbachev's inheritances, the sorriest is the war in Afghanistan, begun by Leonid Brezhnev six years ago and implacably pressed by two aging successors. The Kremlin insists that ''foreign intervention'' perpetuates the conflict. But that fiction finds no takers outside the Soviet bloc, as shown by repeated votes at the United Nations. The one scant hope is that the new Soviet leader will reach for the available settlement before the war is unmistakably Gorbachev's quagmire.

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