Milken suits to settle for at least 1.3 billion
Civil lawsuits against jailed financier Michael Milken, including Drexel Burnham Lambert, move toward a global settlement worth at least 1.3 billion dollars. Plaintiffs range from government agencies to individual investors, with total claims running into billions as Milken serves a 10 year federal sentence.
MENTIONED IN THIS ARTICLE
Los Angeles
Michael Milken
Milken
Drexel Burnham Lambert Inc
Federal Deposit Insurance Corp
Marion Hy-Vee opens as a mini mall in Marion Iowa
The $7 million 60,800 square foot Marion Hy-Vee Food and Drug Store at 3500 Highway 151 opens at 6 a.m. It blends groceries a bank branch travel agency cleaners and more. Midland Savings Bank will operate in-store seven days a week with services from deposits to loans.
MENTIONED IN THIS ARTICLE
Marion
Midland Savings Bank
Travel Advisors
City Cleaners
United States Cellular
Ron Pearson
Hy-Vee
America
Pearson
Randy Bray
Midland Savings
Midland
Bray
Diana Oxberger
Omiga
Sony
Mount Vernon Rd
Cedar Rapids
Chariton
32Nd St. NE
Seventh Ave
Lebeda Mattress Co
Marion Company
Victor Klopfenstein
Marion Chamber
Dave Snow
Russia hires Goldman Sachs to lure foreign investors
Russia signs a contract with Goldman Sachs to recruit foreign investment and back government interests in Western deals. Robert Rubin of Goldman will spearhead projects in oil and gas, food processing, consumer goods and clothing, mainly negotiating with foreign firms rather than guiding overall policy.
MENTIONED IN THIS ARTICLE
Russia
Goldman Sachs
Moscow
Goldman, Sachs & Co
West
Wall Street Investment Bank
Boris Yeltsin
Leonid Grigoriev
Yeltsin
International Monetary Fund
Harvard University
Jeffrey Sachs
IMF
Grigoriev
Rubin
Wendy's records record year as profits rise in 1991
Wendy's International reports a 40 percent quarterly profit gain and a 31 percent annual rise, with fourth quarter earnings of 10.9 million and yearly profit of 51.3 million. Sales reach 270 million in Q4 and 1.06 billion for the year, led by higher per store sales. James Near, chairman and CEO, calls 1991 the best since 1985 and notes momentum amid a tough economy.
MENTIONED IN THIS ARTICLE
New York
Wendy's International Inc
Wendy's
James Near
Dublin
Ohio
Also Mentioned on This Page
Clios
Clio
Ruth Ratny
TV Clios
Evans
Baltimore
Marion Hy-Vee
George C. Ford Gazette
Iowa Electric Light and Power Co
Ankeny
Clinton O’brien
Associated Press
The
Gazette
Riverside, IA
Fairbanks Morse
United States Marshal
Iowa
English River Concentrates Inc
United States of America
Small Business Administration
Mary McDonnel
Nova University
Commission On Colleges of the Southern Association of Colleges and Schools
Lowa
Wendy’s
Matt Wn Parrott
Waterloo
Riverside Mall
Davenport
Pat Pedious
President's Landing
Second St
Main
Petersen Department Store