Henry E. Singleton
Henry E. Singleton, the pioneering co-founder of Teledyne Inc. and chief executive of the Los Angeles-based conglomerate for more than three decades, died Aug. 31 of brain cancer at his West Los Angeles home. He was 82.
Mr. Singleton held a mystique on Wall Street as one of the nation's leading corporate merger whizzes from the 1960s through the 1980s. He launched Teledyne in 1960 as a semiconductor maker but rapidly turned the company into one of America's biggest and, for a time, one of its fastest-growing business empires. It controlled billions of dollars of assets and owned big stakes in many other companies, and Mr. Singleton amassed a fortune, estimated last year by Forbes magazine at $750 million.
In the mid-1990s, Teledyne found itself in the unaccustomed role of corporate prey -- it was the target of a hostile takeover attempt by WHX Corp., parent of Wheeling-Pittsburgh Steel. Mr. Singleton responded by lining up a deal with a friendly buyer, Allegheny-Ludlum, and a new company was formed, Allegheny-Teledyne.
ABC News Executive
Walter Porges, 67, a retired ABC News executive who had been in charge of enforcing the organization's policies governing the gathering and airing of news, died of lung cancer Sept. 1 at a hospital in Yonkers, N.Y.
Mr. Porges was a 35-year veteran of ABC News before retiring as vice president of its news practices in 1993. He began his career with ABC News in 1958 as a radio news writer and editor in New York. In later years, he was director of foreign news coverage, a producer for ABC News' special events unit and a senior producer for "ABC Evening News."