LEAD: Amid new signs of an impending five-nation meeting to try to stabilize the dollar, President Reagan urged other major countries today to help reduce the American trade deficit, a key reason for the dollar's decline.

ECONOMIC REPORT PRODS ALLIES

LEAD: Impellitteri Dies at 86  Vincent R. Impellitteri, Mayor of New York from 1950 to 1953, died in a Bridgeport, Conn., hospital. He was 86 years old. Page B8.  2 Airlines Slash Fares  Continental and Eastern said they would cut discount domestic fares as much as 40 percent but would make the tickets nonrefundable.

INSIDE

LEAD: Governor Cuomo - in the strongest hint to date that he might run for President - named a panel of experts yesterday to advise him on policies for dealing with the national trade deficit and other problems in the United States economy.

GOVERNOR PICKS PANEL OF ADVISERS 821:76,813>

LEAD: President Reagan and the Democratic leaders of Congress clashed sharply today at a White House meeting on the Federal budget and other domestic policy matters.

REAGAN CLASHES WITH DEMOCRATS AT WHITE HOUSE

LEAD: Trans World Airlines yesterday reported both an operating and a net profit for the fourth quarter, which in the past has been its weakest quarter and one usually with heavy losses.

A SPECIAL GAIN HELPS T.W.A. NET

BUSINESS DIGEST: FRIDAY, JANUARY 30, 1987

LEAD: The United States and the European Community reached an accord today resolving a major trade conflict over American grain exports to Spain.

TRADE PACT IS SET WITH EUROPEANS

LEAD: After 22 months in which his campaign for ''reconstruction'' appears to have gained considerable support, Mikhail S. Gorbachev this week started a fresh drive to overcome inertia in the Communist Party itself. But in promising to shake up the party, the repository of real power, he moved into an area that has frustrated reform-minded leaders in the past.

THE RESISTANCE TO GORBACHEV

LEAD: A biography of J. D. Salinger was blocked yesterday by a Federal appeals court in Manhattan that said the book unfairly used Mr. Salinger's unpublished letters.

SALINGER BIOGRAPHY IS BLOCKED

LEAD: FOR the rest of New York, winter, with snowy white trimmings, is still the order of the day, but in Chinatown, resplendent in rich reds and golds, it is the first weekend of the Spring Festival. Yesterday, the festival - which is the name for this celebratory season of the Chinese New Year - reached a climax with the customary frenzied

A SWIRL OF CELEBRATIONS SWEEPS INTO CHINATOWN

LEAD: Friday A NEW OPERA Over the centuries, the twists and turns of love have been a favorite subject of opera singers. This weekend will be no exception when ''All's Well That Ends Well'' is performed as a two-act opera at the Marymount Manhattan Theater under the auspices of Dell'Arte Inc., an arts organization.

WEEKENDER GUIDE

Rockaway Beach family, via Woody Allen. Lovely, imaginative nostalgia.

FILM: WOODY ALLEN'S FOND REMEMBRANCES OF 'RADIO DAYS'

LEAD: Civilian orders for durable goods rose 6.9 percent in December, although orders for all durable goods, including military projects, rose only nine-tenths of 1 percent, the Commerce Department said yesterday.

CONSUMER SPURT LIFTS DURABLE GOODS

LEAD: A report on the Iran-contra affair made public today by the Senate Intelligence Committee portrays Reagan Administration officials as regularly deceiving one another, as well as Congress, about major elements of the operation.

SENATORS CHARGE A WEB OF DECEIT IN IRANIAN AFFAIR

LEAD: A cluster of high-rise buildings is being planned for the northern end of Times Square that, in an attempt to recapture some of the traditional honky-tonk feeling of the theater district, will incorporate commercial signs and elaborate lighting into skyscraper architecture.

NEW TIMES SQ. ZONING: SKYSCRAPERS WITH SIGNS

LEAD: A report commissioned by the City Human Resources Administration into the persistent problem of child abuse and neglect concludes that ''New York City's system of child protection appears not to be adequate to the task.''

UNIT TO HELP CHILDREN IS CRITICIZED

LEAD: The United States, tipped off by the Manila Government, foiled a plan Wednesday by Ferdinand E. Marcos to return to the Philippines from Hawaii to rally his supporters in the wake of an apparent coup attempt.

U.S. FOILS MARCOS IN PLAN TO RETURN FOR COUP ATTEMPT

LEAD: The Guinness affair is a scandal of the sort that the British public finds irresistible: the high and mighty brought low by underhanded dealings and common greed. But the impact of the scandal is being felt far beyond the executive suites of the giant brewing company and the other concerns that helped in manipulating

GUINNESS SCANDAL ROILS BRITAIN

LEAD: IT was Wednesday evening again, and Paul Feiner, a Westchester County legislator, was setting up his problem-solving booth - a card table and folding chair - right beside the express checkout lane at the A.&P. here.

A Problem Solver For County's People

LEAD: ''VIRTUOSO should be a title of honor,'' the cellist Emanuel Feuermann once said, ''denoting the highest ability, respect for a piece of art and the ability to fit one's personality to the artwork. I believe that among the greatest names on the stage, only a few deserve this title.''

VIBRANT NEWCOMERS AND VETERAN SOLOISTS IN CITY'S CONCERT HALLS

LEAD: Several Federal agencies are pressing at least seven criminal investigations of the Nicaraguan rebels and their American backers, even as President Reagan is urging Congress to provide new aid for the contras.

CONTRAS ARE FOCUS IN 7 INVESTIGATIONS

LEAD: The American Telephone and Telegraph Company said yesterday that it lost $1.17 billion in the fourth quarter because of a $3.2 billion charge taken to reduce its work force and consolidate operations.

A.T.&T. REPORTS IT LOST $1.17 BILLION IN QUARTER

LEAD: The president of the Federal Reserve Bank of New York proposed yesterday a revamping of the financial system that would eliminate many distinctions among banks, securities firms and insurance companies.

SWEEPING CHANGES IN FINANCIAL SYSTEM URGED

LEAD: Among the contributors to the 75th annual appeal of The New York Times Neediest Cases Fund is New York State Senator Roy M. Goodman, who gave $12,500 through the Goodman Family Foundation in memory of his parents, Dr. and Mrs. B. A. Goodman.

NEEDIEST GIFT IS AN HONOR TO A MEMORY

LEAD: Representatives of nearly 100 industrial and developing nations finally agreed today to start important trade-freeing negotiations next month. Their accord came after the United States and France reached an ambiguous compromise on what priority agriculture should have in the talks.

GATT MEMBERS AGREE ON NEW TRADE ROUND

Rebecca Quin, better known by the ring name Becky Lynch, is an Irish professional wrestler. She is signed to WWE, where she performs on the Raw brand and is the current WWE Women’s Intercontinental Champion in her first reign. Quin is often regarded as one of the greatest women's professional wrestlers of all time.

Becky Lynch, Irish wrestler

Becky_Lynch

Renato dos Santos is a Brazilian footballer who plays for Itabaiana.

Renato Santos, Brazilian footballer

Renato_Santos_(footballer,_born_1987)

Arda Turan is a Turkish professional football manager and former player who is currently the head coach of Ukrainian Premier League club Shakhtar Donetsk.

January 30, 1987

Headlines from January 30, 1987

ECONOMIC REPORT PRODS ALLIES

INSIDE

GOVERNOR PICKS PANEL OF ADVISERS 821:76,813>

REAGAN CLASHES WITH DEMOCRATS AT WHITE HOUSE

A SPECIAL GAIN HELPS T.W.A. NET

Billboard 200

Slippery When Wet

Different Light

Third Stage

Night Songs

The Way It Is

Notable Births

Historical Context for January 30, 1987