Shareholders sue Continental over bankruptcy plans claims
A class action filed in U S District Court accuses Continental Airlines officials of misleading statements to prop up stock ahead of its bankruptcy filing. Continental disputes the allegations. Separately the American Paper Institute says U S paper recycling will reach 40 percent by 1995, though Canadian mills slow the rise due to virgin fiber. Moscow stock exchange aims to start bonding trading in January with Boris Fyodorov noting an initial, primitive session.
MENTIONED IN THIS ARTICLE
Continental
Continental Airlines
U.S
American Paper Institute
Moscow Stock Exchange
Boris Fyodorov
Fyodorov
Christmas Shopping Slump Hits Major Retailers
November sales declined from a year earlier as consumers retrench amid a faltering economy and grim Middle East outlook. Analysts Walter Loeb and Jeffrey Feiner call the period disappointing with expectations unmet and holiday spending weak during Thanksgiving weekend.
MENTIONED IN THIS ARTICLE
Middle East
Walter Loeb
Jeffrey Feiner
Merrill Lynch & Co
VCR maker challenges MCA in antitrust suit
Go Video Inc of Scottsdale Arizona files an antitrust suit against Matsushita Electric Industrial Co alleging a conspiracy with Sony Corp and others to monopolize the world market for VCRs televisions and audio equipment tied to MCA Inc s 66 billion buyout.
MENTIONED IN THIS ARTICLE
MCA Inc
Arizona
Go-Video Inc
Scottsdale
Matsushita Electric Industrial Co
Sony Corp
Meatpacking probe urged by Montana and allies
Montana Attorney General Marc Racicot joins an eastern Montana ranchers group and other state attorneys general in renewing a call for a Justice Department antitrust probe of the meatpacking industry. They cite market dominance by IBP Inc ConAgra and Excel and urge scrutiny without alleging illegal activity.
MENTIONED IN THIS ARTICLE
Montana
Marc Racicot
Racicot
Iowa
Minnesota
North Dakota
South Dakota
Justice Department
Northern Plains Resource Council
IBP Inc
ConAgra
Excel
Insurance Agent Christmas Greeting
A cheerful message from an insurance agent to Ed extends holiday wishes and asks if he needs more insurance. The tone is cordial and businesslike, blending season’s greetings with a service offer.
Calliope test underway for riverboat project
Fort Madison based Miner Manufacturing tests a 14 750 Tangley Calliaphone with 20 foot rank and 43 chrome whistles intended for the Diamond Lady riverboat on Mississippi routes Bettendorf Clinton Muscatine. Diamond Lady set for January completion with gambling excursions starting April 1 1990 and two more Tangley calliaphones planned for Emerald Lady and Golden Lady.
MENTIONED IN THIS ARTICLE
Miner Manufacturing Co
Fort Madison Company
Dave Miner
Miner Manufacturing
Atlantic Marine
Jacksonville
Fla
Steamboat Casino River Cruises
Bettendorf
Miner
Clinton and
Muscatine
Burlington
Fort Madison
Keokuk
Calliopes
Des Moines
Gasoline prices diverge for traders and motorists in 1990s note
In New York the AP reports traders see unleaded gasoline near pre invasion Kuwait levels as oil sits at 26.40 a barrel while motorists face near all time high pump prices with self serve regular around $1.39 per gallon. Edwin Rothschild criticizes oil companies for slow pump price reductions despite spot price drops.
MENTIONED IN THIS ARTICLE
New York
Iraq
Kuwait
American Automobile Association
Edwin Rothschild
Citizen Action
Washington
Rothschild
Oil market would halt trading during big swings
The New York Mercantile Exchange approved a plan to suspend crude oil futures trading after large price swings and cap daily moves at 15 dollars per barrel for oil and 40 cents per gallon for gasoline or heating oil. Regulators would review the measure amid volatile markets.
MENTIONED IN THIS ARTICLE
NEW York
New York Mercantile Exchange
Exchange
Persian Gulf
Commodity Futures Trading Commission
Federal RTC seeks bids for two Iowa defunct thrifts
The Resolution Trust Corp. held a bidders conference in Washington and will meet in West Des Moines for a second Iowa focused session. It aims to sell American Federal Savings Association and Statesman Savings Bank by March. American Federal, with about $1 billion in assets, failed to meet capital requirements. Statesman, about $574 million, was placed in receivership after joining three Waterloo thrifts and an insolvent Florida unit. Both are under RTC supervision with offices across Iowa and in Des Moines.
MENTIONED IN THIS ARTICLE
Washington, D.C
Resolution Trust Corp
RTC
Iowa
American Federal Savings Association
Statesman Savings Bank
Des Moines
Congress
West Des Moines
Steve Katsanos
American Federal
Cedar Rapids
Ames
Ankeny
Atlantic
Carroll
Cedar Falls
Clear Lake
Denison
Hampton
Newton
Perry
Mason City
Statesman
Statesman Group Inc
Waterloo Thrifts
Florida Savings On
Orida
Stocks tumble as Dow closes lower on Middle East peace doubt
U S stocks posted a mixed day with the Dow down 7.92 to 2602.48 as trading volume reached 256.38 million, the heaviest since 1989. Oil prices eased after word Saddam Hussein would free foreigners, and rates fell while investors awaited peace news.
MENTIONED IN THIS ARTICLE
Middle East
Iowa
AEGON
Banks of
Saddam Hussein
Iowa firm to aid Soviet business ventures
New Iowa firm Sovus and Lowas Advisory Group form to advise Western companies on pursuing business in the Soviet Union. Chairman John Chrystal, president Steven Dickinson, and vice chairman Victor Lishchenko guide opportunities, joint ventures, exports, and financing with a Soviet officer as equity partner.
MENTIONED IN THIS ARTICLE
The
Soviet Union
Lowas Advisory Group Ltd
Des Moines
John Chrystal
Bankers Trust Co
Iowa
Sovus
Chrystal
Mikhail Gorbachev
United States
Steven Dickinson
Victor Lishchenko
Moscow
Washington
Lishchenko
Department of Food and Agriculture
Institute of the
U.S.A
Canada
Academy of Sciences
The Company Doctor Losing control to financiers
A columnist argues that founders may sacrifice full ownership to secure funding and outlines protections. It cautions that investors want success, not ownership, and suggests buyback rights, voting arrangements, and five year employment contracts to regain control if performance meets projections.
MENTIONED IN THIS ARTICLE
Ben
Jack
Jill
Also Mentioned on This Page
MCA
Cargolux
Cargolux Airlines International
Luxembourg
Boeing Commercial Airplane Group
W.R. Grace
W.R. Grace & Co
TAG Pharmaceuticals, Inc
Teva Pharmaceutical Industries Limited
Wal-Mart
Wal-Mart Stores Inc
Tribune Media Si
Calliope
George C. Ford
Mississippi
East St. Louis
Tangley
Iowa Thrifts
New Iowa
Scott Clark
HTC Group Syndicate
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