LEAD: When United Airlines took over the Pacific routes of Pan American World Airways a year ago, it seemed poised to shake up and eventually dominate the far-flung and lucrative market in Asian air travel. Established carriers there were apprehensive at the entry of a competitor with so vast a domestic network and such considerable resources.

UNITED STRUGGLES IN THE PACIFIC

LEAD: Trading was suspended today in the shares of a company headed by Alan Bond, the Australian financier, after he admitted that he had made misleading statements about the value behind the securities.

FALSE STOCK REPORTS BY AUSTRALIAN

LEAD: MATHEMATICIANS and cryptologists have discovered a way for people to prove that they possess secret information - from their credit card numbers to military access codes - without giving any of the information away.

A NEW APPROACH TO PROTECTING SECRETS IS DISCOVERED

LEAD: OVER the past few years, the University of Chicago Law School has suffered an unusual brain drain.

CONSERVATIVE LAW SCHOOL'S CHANGING FACE

LEAD: Kidder, Peabody & Company and Goldman, Sachs & Company have been subpoenaed by the United States Attorney as the Government widens its investigation of Wall Street's takeover practices, sources with knowledge of the inquiry said yesterday.

SUBPOENAS FOR KIDDER, GOLDMAN

LEAD: Despite higher prices and a more stable market, the United States is almost inevitably headed toward new oil shortages that could be as disruptive as those of the 1970's, according to increasingly urgent warnings by Government policy makers and other analysts.

U.S. OIL SHORTAGES SEEM UNAVOIDABLE TO MANY ANALYSTS

LEAD: WHILE calcium wars rage in pharmacies,health food stores and supermarkets throughout the country, research in osteoporosis is revealing that only a minority of cases of this bone-wasting disorder result from diets deficient in calcium.

DOZENS OF FACTORS CRITICAL IN BONE LOSS AMONG ELDERLY

LEAD: The threat of a bankruptcy by Texaco Inc. may be the most compelling reason for the Pennzoil Company to lower its demands and accept a settlement soon in their landmark, three-year legal battle, according to lawyers close to the case.

INCENTIVES FOR PENNZOIL-TEXACO DEAL

LEAD: At 10:30 A.M. the other day, the sun hauled itself above the horizon, a vaporous orange ball barely visible through the mists. Ahead, the road ran runway straight, featureless save for jagged fissures marking ''pressure ridges'' in the blue-green ice.

ACROSS ICE, IN A 26-WHEEL RIG: CANADA'S INTREPID TRUCKERS

LEAD: Credit market participants are looking forward to this Thursday's Congressional testimony by Paul A. Volcker, the Federal Reserve Board chairman, to shed light on recent and prospective changes in monetary policy and interest rates.

TESTIMONY BY VOLCKER AWAITED FOR POLICY CLUE

LEAD: Mikhail S. Gorbachev said today that the Soviet Union was seeking world stability so it could concentrate on domestic concerns.

GORBACHEV AVOWS A NEED FOR PEACE TO PURSUE REFORM

LEAD: Even as the nation's income tax system undergoes historic restructuring, Americans will find this tax filing season a rather familiar, if no less anguishing, routine.

TAXPAYERS FACE LAST FILING UNDER OLD RULES

LEAD: The Government patrol arrived at daybreak as villagers were leading their buffaloes into the fields. The Communist rebels who had spent the night here scrambled for their weapons, some apparently leaving their shoes behind in their haste.

DEATH IN A QUIET FILIPINO HAMLET: 17 CIVILIANS CAUGHT IN THE MIDDLE

LEAD: AFTER a hectic morning of what is known as Breakfast Networking at the Long Island Marriott Hotel here, Alan Frank, an accountant, turned to Frank Manzella, a leverage buyout specialist, and said: ''Frank, with the connections you're making here, you can be doing bigger deals, add a couple of zeros on.

On L.I., Breakfast Powers Capitalists

LEAD: The most influential leader of the Nicaraguan rebel alliance, Adolfo Calero, resigned today in a power struggle that threatens the future of the Washington-backed anti-Sandinista forces.

LEADING CONTRA QUITS ALLIANCE AMID DISPUTES

LEAD: At 1:30 P.M. yesterday, as an arctic breeze cut through the glare of the Brooklyn afternoon, only George Washington had the courage to face the wind.

RAW WIND PUTS ICING ON HOLIDAY

LEAD: E. F. Hutton Group Inc., parent of one of the nation's largest brokerage houses, said yesterday that its chairman, Robert Fomon, had relinquished his role in the day-to-day management of the company. Mr. Fomon will continue as chairman, Hutton said.

DUTIES CUT FOR HUTTON CHAIRMAN

LEAD: The two couples mired in the custody fight for Baby M have been etched as stark contrasts, from their social class to emotional makeup, from their education and financial stability to marital bliss and style of life.

BABY M CASE ETCHES A STUDY IN CONTRASTS

LEAD: An unusual alignment of the Earth, the moon and the core of the Milky Way galaxy is giving astronomers a rare opportunity to study that core, a mysterious region hidden from sight where processes not found elsewhere in the galaxy are at work.

POSITION OF MOON AND EARTH OFFERS RARE CHANCE TO PROBE MILKY WAY

BUSINESS DIGEST: TUESDAY, FEBRUARY 17, 1987

LEAD: Anti-Tobacco Plan Loses  The American Bar Association rejected a proposal that it help seek a Federal law barring the advertising of all tobacco products. Page A14.  Findings on Bone Loss  Factors ranging from hormones to inactivity play a larger role in osteoporosis than calcium, researchers say.

INSIDE

LEAD: When labor and management gathered here the other day at Trico Products Inc., one of the country's largest makers of windshield wipers, it might have seemed that a promising new chapter was being written in the tragic decline of manufacturing in western New York and the nation at large.

SAVING JOBS IN BUFFALO: VICTROY AND LOSS

LEAD: The question of how to interpret the Antiballistic Missile Treaty has emerged as the central arms-control issue, affecting the Soviet-American negotiations in Geneva, relations between the United States and its allies and relations between the Administration and Congress.

ARMS DEBATE NOW CENTERS ON ABM PACT

LEAD: On 340 square miles of what was a barren desert only a decade ago, Saudi Arabia has built the world's biggest new industrial city. Jubail is an odorless, litterless, smog-free community with hotels, an airport, highways, schools, mosques, shopping centers, a hospital, baseball diamonds and more than 100,000 imported trees that are irrigated with water reclaimed from the sewers.

FOR SAUDIS, A $45 BILLION CITY

LEAD: WHEN the American Home Products Corporation withdrew its bid for the A. H. Robins Company last week, most people speculated that the deal collapsed because of concern about potential liability to thousands of women with claims related to Robins' Dalkon Shield contraceptive device.

Business And The Law; Sale of Robins Poses Problems

Isis Nable Valverde is a Brazilian actress who played a lead role in the 2010 telenovela Ti Ti Ti and has participated in several other telenovelas.

February 17, 1987

Headlines from February 17, 1987

UNITED STRUGGLES IN THE PACIFIC

FALSE STOCK REPORTS BY AUSTRALIAN

A NEW APPROACH TO PROTECTING SECRETS IS DISCOVERED

CONSERVATIVE LAW SCHOOL'S CHANGING FACE

SUBPOENAS FOR KIDDER, GOLDMAN

Billboard 200

Slippery When Wet

Licensed To Ill

Different Light

Night Songs

The Way It Is

Notable Births

Historical Context for February 17, 1987