FBI probes massive futures fraud at Chicago exchanges
FBI undercover sting on Chicago Board of Trade and Chicago Mercantile Exchange reveals alleged rigging and multi million-dollar losses. Up to a hundred floor brokers and executives may be implicated as inquiries expand. A federal grand jury subpoena seeks activity records from 1983 to present.
MENTIONED IN THIS ARTICLE
Washington
UPI
FBI
Chicago Board of Trade
Chicago Mercantile Exchange
Chicago Tribune
Wall Street
Board of Trade
Board of Trade Clearing Corp
Ray Carmichael
the Tribune
U.S
Anton Valukas
Chicago
United Press International
Valukas
Dick Thornburgh
Justice Department
Rockwell to plead guilty in U S government fraud case
Rockwell International Corp. pleaded guilty to two counts for defrauding the U.S. Air Force by double charging on a satellite contract. The plea deal allows an appeal on fairness grounds. Sentencing set for February 24 with potential fines exceeding one million dollars to deter defense contractors from fraud.
MENTIONED IN THIS ARTICLE
Los Angeles
UPI
Rockwell International Corp
U.S
Air Force
Rockwell
George Newhouse
James Neal
Aerospace and Electronics
Robert Bonner
Consuelo Marshall
Marcos suffers medical setback in arraignment delay
UPI reports federal Judge John Keenan questioned Marcos's ability to be arraigned on a 268 million racketeering indictment as the former Philippine president suffers a severe medical setback in Honolulu. Doctors testified his left lung collapsed and required reinflation, with one expert noting rehabilitation could take many months and a risk of death during hospitalization. A hospital spokeswoman said his condition improved to stable.
MENTIONED IN THIS ARTICLE
New York
UPI
Ferdinand Marcos
U.S
John Keenan
Honolulu
Keenan
Manhattan
Marcos
Soviet crime surge blamed on underfunded police and mafia
Moscow reports a dramatic rise in crime with up to 40 percent jump, as Vadim Bakatin warns of a national network of criminal gangs. He cites underreported stats, slow police response, low pay, and intimidation of police as factors, and notes 1988 crime rose 16.9 percent with robberies up over 30 percent.
MENTIONED IN THIS ARTICLE
Moscow
UPI
Soviet Union
Vadim Bakatin
Communist Party
Pravda
Kremlin
Bakatin
Dalis Condition Upgraded to Serious But Stable
In Figueres Spain the 84 year old surrealist painter Salvador Dali was upgraded to serious but stable after pneumonia and heart trouble. Doctors warned life remains at risk and hospital director Dr Carlos Ponsati cautioned recovery could or could not occur this weekend as Dali responds to treatment.
MENTIONED IN THIS ARTICLE
Figueres
Spain
Salvador Dali
Carlos Ponsati
Dali
Ponsanti
Defense blames Nussbaum in closing arguments
In Manhattan Supreme Court the defense argues Hedda Nussbaum caused Lisa Steinberg’s death in a jealous rage. They depict Nussbaum as lying to avoid prosecution while Steinberg’s role is minimized. The defense presents a narrative of self defense and shifts blame to the accused ex-lover.
MENTIONED IN THIS ARTICLE
New York
UPI
Joel Steinberg
Hedda Nussbaum
Nussbaum
Steinberg
Lisa Steinberg
Manhattan Supreme Court
Lisa
Hedda
Ira London
Lon
Don
London
Inauguration Day Bright with Bush as 41st President
Fair weather and light winds greet George Bush at the swearing in as the 41st U S president. Snow and rain spread across the North and South with a cold front bringing 50 degree temperatures and winds to 30 mph in the Washington area.
MENTIONED IN THIS ARTICLE
George Bush
United States
National Weather Service
Franklin Roosevelt
John Kennedy
NWS
Washington
D.C
Illinois Weather Forecast And Lottery Draws
Illinois forecasters predict mainly cloudy days Sunday and Monday with highs in the 40s. North areas see upper 40s, south mid 40s to mid 50s, temps drop Tuesday with possible rain or snow. Lotto prize in sight at $28 million as Pick Four and Lot games report numbers 2 2 4 and 6 6 7 5.
MENTIONED IN THIS ARTICLE
Chicago
UPI
Illinois
Commodities and futures noon quotes from Merchants Trading
Live cattle and hog futures show Feb to Aug contracts with values near 71 to 75. Feeder cattle and soybeans list several months with prices around 7.40 to 7.69 for soybeans and corn near 2.65 to 2.75. Also noted are wheat, oats, metals, and energy prices, plus stock quotes by Majewski Beeler and Beeler.
MENTIONED IN THIS ARTICLE
Merchants Trading Company
S. T. Majewski
H. W. Beeler
O. M
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Merc
Judith
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Bobby Maduro Stadium
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Plum Hollow Fitness & Recreation Center
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Galena
Dixon, Illinois
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Scoweev Lle
Buffalo
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Jacksonville R
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Omaha S
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Pittsbur
Yfather
Blunt Ellis & Loewi, Inc
Sterling
Blunt Ellis & Loewi
AlldCorp
McDaid
Alcoa
Dixon
Telegraph
Dixon, Ill
the Telegraph Dixon
B. F. Shaw Printing Co
Peoria Ave
Dixon, I
Dixon, Ilinois
Lee
Ogle
Bureau
Whiteside
Ilinois
The
American Newspaper Publishers Association
Bureau of Advertising
Inland Daily Press Association
Illinois Press Association
Audit Bureau of Circulation
Dixon Telegraph Office
Dixon Telegraph
P.O
Dixon, US
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