Thrift regulator takes office as bailout costs rise
Timothy Ryan sworn in as director of the Treasury Office of Thrift Supervision vows to crack down on fraud that burdened taxpayers. Iowa housing permits soar 120 percent in first two months of 1990 with about 33 million dollars in new home permits, led by Des Moines area. Perfekta Inc named Small Business Subcontractor of the Year by SBA Kansas City office for four-state area performance. Heinz to switch to clear recyclable ketchup bottles next year amid landfill-reducing effort with Mayors Conference.
MENTIONED IN THIS ARTICLE
Timothy Ryan
Treasury Department
Office of Thrift Supervision
Iowa
Iowa Department of Economic Development
Des Moines
West Des Moines
Perfekta Inc
Wichita
Kan
Kansas City
Federal Small Business Administration
Gary Nodler
SBA
Perfekta
Boeing Military Airplanes
H.J. Heinz Co
U.S
Bombardier to Acquire Learjet Corp in $75 Million Deal
Integrated Resources Inc. announced its Learjet Corp. will be sold to a new Bombardier subsidiary for 75 million dollars plus the assumption of specified liabilities. The Canadian firm will integrate the unit into its aviation operations.
MENTIONED IN THIS ARTICLE
Integrated Resources Inc
Learjet Corp
Bombardier Inc
Rotary phones return in Minneapolis to curb drug pager use
US West says it replaced push-button pay phones with rotary models at about 18 Twin Cities locations to complicate dealer use of pagers. A spokesman notes dealers rely on pagers and fear line taps, prompting the change.
MENTIONED IN THIS ARTICLE
US West
Minneapolis
Twin Cities
Salomon acquires Drexel junk bond black book data
Salomon Brothers Inc. announced it has bought Drexel Burnham Lambert Inc. s black book on high yield bonds. The database covers more than 3 000 public and private issues and details thousands of issuers and investors that formed Drexel s money raising network.
MENTIONED IN THIS ARTICLE
Salomon Brothers Inc
Drexel Burnham Lambert Inc
Drexel
Bell Atlantic suspension and related corporate notices
Bell Atlantic Corp suspended from federal contracting after an internal probe found a subsidiary made false statements in a bid. Chesapeake & Potomac Telephone Co sales staff allegedly claimed telephones were in wide use. Eastman Kodak to discontinue Ultralife 9 volt lithium battery by June 30 while keeping other products. PepsiCo and the Soviet Union sign a landmark trade pact valued at over $3 billion in retail Pepsi-Cola and Stolichnaya vodka sales.
MENTIONED IN THIS ARTICLE
U.S. Treasury Department
Bell Atlantic Corp
Chesapeake & Potomac Telephone Co
The
Treasury
Eastman Kodak Co
Pepsico Inc
Soviet Union
Pepsi-Cola
Pepsico
U.S
Many U.S. thrifts profitable in 1989 despite overall losses
A Sheshunoff analysis shows 62 percent of 3 083 thrifts profitable in 1989 with earnings of 4 4 billion, yet 38 percent unprofitable lost 23 4 billion. Texas led in losses at 6 2 billion amid broad real estate and risky asset weaknesses.
MENTIONED IN THIS ARTICLE
Austin
Texas
U.S
Sheshinoff Information Services Inc
Sheshunoff
S&ls
Alex Sheshunoff
Southwest
Arizona
California
Tentative buyer found for LeaseAmerica Corp
LeaseAmerica Corp of Cedar Rapids reports a tentative buyer after a year of for sale signs. AEGON USA plans to sell to focus on basic insurance. a letter of intent has been received, with closing possible in June if approved. Emmett Sherman resigns to become an AEGON consultant. Anton Golobic named new LeaseAmerica president.
MENTIONED IN THIS ARTICLE
LeaseAmerica Corp
Cedar Rapids
Aegon USA
Life Investors
LeaseAmerica
Donald Shepard
AEGON
Emmett Scherrman
Anton Golobic
Vendor Group
United States
MorAmerica Financial
Telecom xUSA Leads Mixed Market On Sale News
Telecom xUSA jumped 16 percent after confirming a definitive sale to MCI Communications. The Dow rose 4.95 points to 2,722.07 as trading showed mixed results with 652 issues up and 839 down on the NYSE and volume at 114.97 million shares. Eastern Iowa stocks saw gains by IE Industries and Procter & Gamble while Penwest led losses. Gold stocks declined and Wilshire index valued the market up 0.23 percent by $7.37 billion.
MENTIONED IN THIS ARTICLE
Telecom
Xusa
MCI Communications
New York Stock Exchange
Iowa
IE Industries
Quaker Oats
Procter & Gamble
James River Corp
Penwest
Wilshire Associates
T-bill rates dip to multiweek lows in Treasury auctions
Treasury sold 8.2 billion in three month bills at 7.80 percent and 8.07 percent yield, and 8.2 billion in six month bills at 7.80 percent and 8.23 percent yield. The one year bill average yield slipped to 8.29 percent from 8.34 percent the prior week.
MENTIONED IN THIS ARTICLE
Treasury Department
Federal Reserve
Treasury
Judge denies priority for Farmstead creditor
A Minnesota bankruptcy judge rejected Gold Country Marketing’s bid to gain higher priority over other Farmstead creditors. The court set April 24 for a hearing on using Farmstead assets to finish work at the idle Albert Lea plant, where 1,250 workers lost jobs.
MENTIONED IN THIS ARTICLE
Minneapolis
Farmstead Foods
Gold Country
Ron Snelling
Farmstead
Robert Kressel
U.S. Bankruptcy Court
District of Minnesota
Albert Lea
Edwards reports record revenues and earnings in year end
A. G. Edwards Inc announces unaudited year end results with net earnings of 58.8 million or 2.56 a share on 607 million in revenue for the year ended February 28. Fourth quarter earnings were 2.5 million or 0.55 a share on 150.4 million revenue.
MENTIONED IN THIS ARTICLE
ST. Louis
A.G. Edwards Inc
Cedar Rapids
Mortgage Rate Info Line Cityline Offer
For current mortgage rate details call Cityline at 363 7000 category 1700 to hear the latest figures and options.
MENTIONED IN THIS ARTICLE
Call Cityline
Also Mentioned on This Page
Bush Administration
Heinz
Learjet
Bell Atlantic
Kodak
Tribune Media
Ed Finsterwald
New York
New Jersey
Pennsylvania
Gible Capital
Maryland
Virginia
Hawaii
Washington
District of Columbia
Wisconsin
Ficer
Country
Fred Goldberg Jr
Internal Revenue
Detroit
Goldberg
Economic Club of
Telecomx
USA
Associated Press and Gazette
Star
Eastern
American Telephone & Telegraph
Philip Morris
DuPont
General Motors
Bank
Citicorp
Bankamerica
J.P. Morgan
Federal National Mortgage
ASA Ltd
Newmont Gold
Homestake
Callahan Mining
Barnes
Cornbelt Meats
Edwards
Wall Street
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GMC Truck Center
1St Avenue
10Th St. S.E
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