Drexel to pay 650 million in fines in insider case
UPI reports federal prosecutors say Drexel Burnham Lambert will plead guilty to six felony counts and pay 650 million in fines as part of Wall Street insider trading case. U.S. Attorney Rudolph Giuliani said the probe continues and noted the agreement is subject to DOJ and SEC approval.
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Reagan hints at bombing Libya to destroy chemical plant
President Reagan told ABC that UPI reports of possible bombing options against Libya were discussed with allies and NATO but no decision has been made. Officials say there is no active action planned though there is concern over a large chemical production plant in Libya that could be used by terrorists.
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Labor and Likud form broad Israeli unity government
The Labor Party and Likud bloc signed a coalition to form a national unity government with Shamir as prime minister and Peres as finance chief. Moshe Arens becomes foreign minister, Rabin remains defense minister, with Peres also vice premier. A Knesset confidence vote followed.
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Thompson urges Reagan to site SSC in Illinois
Governor James R. Thompson asked President Reagan to reject Texas as the SSC site and place the 4.4 billion collider in Illinois. He cited Illinois power, land access, and strong education, urging Fermilab near Batavia as the best use of federal investment.
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PLO U S Talks Clash on Terrorism Definition in Cairo
An Egyptian magazine reports the first PLO U S meeting in Cairo clash over defining terrorism and Middle East peace talks format. It says Pelletreau led last Friday’s talks and both sides agreed to resume January 20, while PLO rejects dialogue with Israeli officials in Washington and favors an international conference.
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Delvalle to Meet Reagan and Bush in Washington
Eric Arturo Delvalle, Panama's president-in-exile, travels by U S military plane to Washington for talks with President Reagan and President-elect George Bush. He attends the White House briefing with Colin Powell and meets Secretary of State George Shultz and Panama's ambassador Juan Sosa for about 30 minutes.
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Snowy West Faces White Christmas as Storms Hit
United Press International reports that Pacific storms keep western mountains snow-covered for a White Christmas. A cold front brings 5 to 20 inches in the Sierra Nevada with more heavy snow forecast over the weekend. Winter storm warnings cover Mount Shasta Siskiyou area and northern Sierra Nevada. high surf advisories affect northern California beaches with erosion and possible flooding.
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Illinois Weather Forecast and Lottery Draw Summary
Illinois outlook shows rain or snow chances in the north with cool highs in the 30s and 40s across the state for Saturday and Monday. Sunday cool with lows in the 20s to 30s. Lottery results list Illinois State Lottery daily game winning number 0 6 3, Pick Four 9 7 0 2, Cash Five 13 14 20 32 35, and an estimated Lotto grand prize of 33 million dollars for Saturday.
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Aene
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Dixon, IL
Noon commodity quotes from Merchants Trading Company
Live cattle hogs pork bellies feeder cattle soybeans corn wheat oats gold silver cotton and other futures listed with contract months and prices as of noon. Market data supplied by Merchants Trading Company and quotes from Majewski Beeler and O M follow.
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