Eastern Airlines Wins Stay to Access 15 Million Escrow
In New York, a federal bankruptcy judge allowed Eastern Airlines to withdraw 15 million dollars from a 273.6 million escrow to remain in operation, with another 15 million possible next month if progress toward recovery is shown. Creditors had sought to close the airline. In Cape Canaveral, weather improves for Atlantis shuttle launch with five astronauts and a secret military satellite mission, now forecast at 60 percent odds in light of past delays.
MENTIONED IN THIS ARTICLE
New York
Eastern Airlines
Burton R. Lifland
Eastern
Jim Ashlock
Boyd Alan S. Boyd
Airbus Industrie Holdings
North America
Cape Canaveral
Fla
Atlantis
Iraq
Pentagon
Air Force
Columbia
Religious violence erupts in New Delhi capital
Street clashes erupted among Hindus Muslims and Sikhs in the capital as national violence spread. A day after seven people were killed by mobs attacking Hindus and looting homes at least six were injured today, with over 385 killed in three weeks mostly Muslims.
MENTIONED IN THIS ARTICLE
New Delhi
India
Law May Not Help Drug War, Governors Warn
Nolan Jones of the National Governors Association questions a 1991 transportation bill provision that would suspend driver licenses for all convicted drug offenders. He cites no data proving mandatory suspensions deter drug use and notes the policy could fail to curb illegal drug activity nationwide.
MENTIONED IN THIS ARTICLE
Washington
National Governors’ Association
New Jersey
Nolan Jones
Association
Gunman Planned To Kill Gorbachev
A 38 year old man from Leningrad, Alexander A. Shmonov, was charged with attempted terrorism after firing two shots at Soviet leaders during the Revolution Day parade on Red Square. Police recovered a prewritten note stating his intent to kill President Mikhail S. Gorbachev, though no one was hurt.
MENTIONED IN THIS ARTICLE
Moscow
Mikhail S. Gorbachev
Nat Amid Énnes
Alexander A. Shmonov
Leningrad
Red Square
Shmonov
Gorbachev
Lenin
Pyotr Sokolov
KGB
Glasnost
Sokolov
Limehouse asks to suppress tape in corruption trial
A defense attorney urged Judge Haw kins to bar an audio tape from the Limehouse case as unintelligible while prosecutors argued the tape proves Limehouse tampered with a witness. The trial of former state Rep. Thomas Limehouse, linked to a FBI probe and several guilty pleas, is set for December in Charleston after jury selection in Columbia.
MENTIONED IN THIS ARTICLE
Charleston
Thomas Limehouse
U.S
Falcon Hawkins
Limehouse
FBI
Statehouse
State Law Cobe
Columbia
Andy Savage
Hawkins
Dale DuTremble
Ron Cobb
Savage
Summerville
DuTremble
Cobb
$6.8 Billion Sought in Drexel Bond Fraud Case
Regulators file in federal bankruptcy court seeking 6.8 billion from Drexel Burnham Lambert and former executive Michael Milken over alleged junk bond losses at more than 40 thrifts. FDIC and RTC label claims the largest in the S and L crisis, tripled under law to 6 billion, with 800 million in separate trading losses. Drexel defends as scapegoat while Milken awaits sentencing.
MENTIONED IN THIS ARTICLE
New York
Drexel Burnham Lambert Inc
Drexel
Junk Bone
Michael Milken
Federal Deposit Insurance Corp
Resolution Trust Corp
S&l
FDIC
RTC
L. William Seidman
Milken
Savings and Loans Resolution Trust
Keating Five Hearing Opens Today in Senate Ethics Probe
Five senators including John McCain and Alan Cranston face a public ethics hearing over whether their actions to aid Charles H. Keating Jr. crossed lines with law and Senate rules. Cranston reveals prostate cancer and retirement plans as opening statements proceed. The committee may rebuke or send the matter to the full Senate for punishment.
MENTIONED IN THIS ARTICLE
Washington
Savings and Loan
Charles H. Keating Jr
Senate Ethics Committee
Keating Five
John McCain
Arizona
John Glenn Glenn
Ohio
Donald W. Riegle Jr
Michigan
Dennis DeConcini
Alan Cranston
California
Senate
Thatcher faces leadership challenge from Heseltine
In London the European Community summit exposed a rift as former Defense Secretary Michael Heseltine declared he would challenge Margaret Thatcher for Conservative Party leadership and the prime ministership. The crisis stems from domestic economic troubles and doubt over Thatcher’s rallying cry of batting for Britain.
MENTIONED IN THIS ARTICLE
London
Margaret Thatcher
Rome
Maggie
European Community
Thatcher
Michael Heseltine
Conservative Party
Britain
Arms treaty edge of completion in Paris ceremony
Washington reports the grand arms reduction pact faces unresolved verification and funding issues four days before a Paris signing. Officials warn technical details remain and Soviets may struggle with costs to melt tanks and inspect stockpile cuts.
MENTIONED IN THIS ARTICLE
Washington
Paris
United States
Soviet Union
Europe
Atlantic Ocean
Ural Mountains
Bush Administration
North Atlantic Treaty Organization
Warsaw Pact
U.S
Associated Press
Also Mentioned on This Page
Worth
Fred Wertheimer
Tepurs
Aiken
Aiken Standard
Rutland Drive
Aiken Standard, P.O
Aiken, S.C
Aiken Standard - Pbm
Aiken Communications Inc
P.O. Box
S.C
P.O
The
Fay
Donald B. Shackelford
Columbus
San Francisco
U.S. League of Savings Institutions
Shackelford
Dustry
Common Cause
Cranston
Robert S. Bennett
McCain
Deconcini
Iron Lady
Heseltine
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