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NEWS SUMMARY: TUESDAY, NOVEMBER 11, 1986

Date: 11 November 1986

THE WORLD President Reagan rejected demands that he disclose details of any Administration dealings with Iran in efforts to free American hostages in Lebanon. Mr. Reagan asserted that no laws had been broken. Page A1 The N.S.C.'s staff involvement in sensitive, paramilitary, potentially embarrassing operations marks a basic shift in its traditional role, members of Congress and foreign policy experts said. A10 News analysis: The U.S. has undercut key policy objectives and left allies and Arab moderates bewildered in secretly supplying arms to a country linked with terrorism, United States officials said. A10 Two French hostages have been freed and taken to Damascus, Syrian sources told the Associated Press. They identified the two French citizens as Camille Sontag and Marcel Coudari.

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CHANNEL 7 CHANGES TIME OF NETWORK NEWSCAST

Date: 12 November 1986

By Peter Boyer

Peter Boyer

Channel 7, citing competitive pressures, will move ABC's ''World News Tonight'' with Peter Jennings out of its 7 P.M. time period next month and replace it with the highly rated game show ''Jeopardy.'' ''World News Tonight,'' a strong third in the three-network ratings competition, will be broadcast at 6:30 P.M., at a time when there are fewer viewers but no other network news broadcasts on the air. Channel 7 (WABC) will drop 30 minutes of its daily local evening news package, which currently runs for two hours.

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NEWS SUMMARY: WEDNESDAY, NOVEMBER 12, 1986

Date: 12 November 1986

The World The President, seeking the release of the two remaining American hostages held by a pro-Iranian group in Lebanon, will persevere through secret Iranian contacts, Administration officials said. Page A1 White House counsel was not privy to the National Security Council's direction of secret dealings and arms shipments to Iran over 18 months, according to past and present White House officials. A6 An Italian port may have been used for secret American arms shipments to Iran without the Italian Government's knowledge. Prime Minister Bettino Craxi ordered a detailed inquiry into the possibility.

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CPC-Arnold Deal

Date: 11 November 1986

CPC International Inc. said yesterday that it had agreed to buy the Arnold Food Company, which makes bread and other baked goods, for $145 million.

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Ford Tractor Plant

Date: 12 November 1986

Special to the New York Times

The Ford Motor Company said it would close its last agricultural tractor plant in the United States by 1988 and transfer all tractor operations to Europe. Ford said the closing of the 12-year-old plant in Romeo, Mich., would cut costs and reduce capacity in the troubled agricultural tractor industry. The jobs of 650 hourly and 175 salaried workers would be eliminated, Ford said, but the division's headquarters would remain in Troy, Mich.

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Station's Sale Off

Date: 12 November 1986

The Providence Journal Company has canceled its plans to sell WPHL-TV, a Philadelphia UHF station, having failed to find a buyer willing to pay the $100 million asking price.

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Boeing Jet Orders

Date: 12 November 1986

Reuters

The Boeing Company received orders for one 747-300 from Cathay Pacific Airways of Hong Kong and two 737-300's from Southwest Airlines Company of Dallas.

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Official Quits At Salomon

Date: 12 November 1986

Peter Gottsegen, the London-based head of international corporate finance for Salomon Brothers, has resigned effective at the end of the year, Salomon's executives were told yesterday. The surprise resignation comes just a few months after Mr. Gottsegen moved to London from New York, where he was a senior figure in the firm's corporate finance department.

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A. H. Robins Regains Counsel

Date: 11 November 1986

Reuters

A Federal judge today allowed the law firm of Skadden, Arps, Slate, Meagher & Flom to resume representing the A. H. Robins Company in bankrupcy proceedings.

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Hutton Link Is Ruled Out

Date: 12 November 1986

The two top officers of the E.F. Hutton Group told employees yesterday that Hutton would not resume its merger talks with Shearson Lehman Brothers, and that they intended to keep the firm independent. Robert P. Rittereiser, who was named chief executive over the weekend, said that ''there were no offers'' and labeled most takeover rumors ''baseless.''

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