AGO takeover stalled by U.S. appeals court stay
The planned purchase of 1.5 million Life Investors shares by AGO Holding faced a six day delay after an Eighth Circuit Court of Appeals injunction. Courts in Iowa Florida and Alabama had blocked or paused AGO's bid while Life Investors pressed claims of legal violations and AGO prepared appeals and pleadings.
MENTIONED IN THIS ARTICLE
Life Investors Inc
Cedar Rapids
AGO Holding N.V
Netherlands
U.S. Eighth Circuit Court of Appeals
Life Investors
Iowa
Oklahoma
Michigan
Florida
Federal
Edward J. McManus
AGO
St. Paul
Minn
New York
Life Investors Common
Paul Kilburg
U.S
Edward McManus
Kilburg
Linn District Court
Iowa Insurance
Bruce Foudree
McManus
Life
Insurance
Birmingham
Ala
Alabama
Investors Fidelity Life Insurance Co
Iown Insurance
Oklahoma City
Detroit
Orlando
Fla
Fed Cuts Discount-Window Surcharge As M1-B Falls
The Federal Reserve lowered the surcharge on large borrowers at the discount window while M1-B declined 2.1 billion in the week to Sept 30. Shift adjusted M1-B dropped 1.5 billion for September, with M2 rising to 1.787 trillion. Federal funds rate climbed to 15.46 percent as rates adjusted.
MENTIONED IN THIS ARTICLE
New York
UPI
Federal Reserve
Fed
David M. Jones
Aubrey G. Lanston & Co
Jones
Nicholas Marrone
Bank of New York
Treasury
NYSE
U.S
Donald Regan
Federal Reserve Board
Treasury bill yields fall again at government auction
Washington officials reported a third decline in yields over four weeks as the government sold 4.5 billion dollars of three month bills at 13.526 percent and 4.5 billion dollars of six month bills at 13.5 percent. The rates mark the lowest since mid June, with new six month money market certificates now capped at 13.75 percent.
MENTIONED IN THIS ARTICLE
Washington
UPI
Treasury
October rally falters as investors take profits on gains
UPI reports stocks paused after a strong October start as investors booked profits. Dean Witter Reynolds surged on news of a $607 million Sears merger while Dow and NYSE indices eased amid mixed volume. Inflation data showed cooling wholesale prices, and Fed policy actions were noted.
MENTIONED IN THIS ARTICLE
New York
UPI
Dean Witter Reynolds
Sears, Roebuck
Kidder Peabody
Ralph Acampora
New York Stock Exchange
Government lowers home loan ceiling to spur affordable mortgages
The Reagan administration will cut FHA and VA single family loan ceilings to 16.5 percent and 17 percent respectively, from record highs, signaling a potential shift as officials cite improving market conditions and lower rates. Mortgage industry executives welcome the move while urging further declines.
MENTIONED IN THIS ARTICLE
Washington
Reagan Administration
Samuel R. Pierce Jr
Housing and Urban Development
Federal Housing Admin
Veterans Administration
HUD
Mark J. Riedy
Mortgage Bankers Association of America
Department
Pierce
Exiled Thai Left-leaning Figures Flee After Military Coup
Five years ago scores of left wing students professors and politicians fled Thailand fearing reprisals from the new military rulers. The exiles sought safety abroad as the coup reshaped politics and curtailed dissent.
MENTIONED IN THIS ARTICLE
Thailand
Also Mentioned on This Page
Bruce Fishwild and
Roland Krekeler
Gazette
Mercedes Benz
Housby Imports Ltd
First Ave. NE
The
Dean Witter
Sears
Coldwell
Wall Street
E.F. Hutton
Merrill Lynch
Donaldson, Luftkin and
Jenrette
IBM
Santa Fe International
Kuwait
Helene Curtis
Cosmetics
Tandy Corp
Hudson's Bay Oil & Gas
Dome Petroleum
AZL Resources
AAV Corp
BIC
National Association of Securities Dealers
Jim Supple
Tommy Tucker
Attention
Elembermee
Harry R. Weidner
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