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Dixon Telegraph in Dixon, Illinois

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This newspaper page contains 6 articles. Subscribers can read the full text of each article.

Newspaper

Dixon Telegraph

Location

Dixon, Illinois, United States of America

Date

May 09, 1989

Page

5

Congressmen Seek Answers About Spill In Alaska Hearing

At a Valdez hearing the Coast Guard head urged Exxon to double its shoreline crew to finish cleanup before winter. Exxon, under scrutiny after the March 24 Exxon Valdez spill, reported 95 million dollars spent and less than 2 miles cleaned of 364 promised, while questions rise about causes and accountability.

Valdez, Alaska UPI Coast Guard Valdez Exxon Corp Alaska Exxon House Subcommittee On Water, Power Clyde Robbins Robbins Exxon U.S.A Bill Stevens Congressional Exxon Valdez Prince William Sound Stevens Joseph Hazelwood Hazelwood Rep George Miller D-Calif Richard Durbin D-Minn Bruce Vento Katmai National Park Vento

Dollar mostly higher overseas as yen suppression eyed

The dollar rose in Tokyo trading reaching an eight month high near 135 yen as Bank of Japan intervention and Finance Minister Murayama comments kept the greenback strong. It closed at 135.00 yen, up 0.48 from Monday, with gains seen across Europe and in Singapore and Hong Kong.

Tokyo Bank of Japan Japan Tatsuro Murayama Hong Kong Europe Frankfurt Zurich Paris

Bush hails small businessman of year

President Bush named Tad Bretting, head of C.G. Bretting Manufacturing Co. in Ashland, Wisconsin, as 1989 Small Business Person of the Year. Bretting led a firm that grew from 11 employees and $120,000 in sales in 1958 to 260 workers and over $30 million in yearly revenue. First runner up was Richard Barlow of REMA Bakeware. tied for second were Carolyn Stradley of C S Paving and Chad Olson of Pro Image.

Washington UPI Bush Tad Bretting Ashland Wis Tad White House Bretting C.G. Bretting Manufacturing Co., Inc U.S. Small Business Administration SBA Oil Houston America C.G. Bretting Richard Barlow Rema Bakeware Inc Salina Kan Carolyn Stradley C&s Paving Inc Marietta, Ga Chad Olson Pro Image Inc Bountiful Utah

Regulators release MCorp balance sheets for Bridge Bank

FDIC released the March 31 1989 balance sheet for 20 failed MCorp banks operating as the Deposit Insurance Bridge Bank. Total assets 13.09 billion with 8.55 billion in loans. Short term debt 2.51 billion plus 300 million provided by FDIC. About 10 to 12 bidders reportedly reviewing the books including NCNB Texas First City Texas Commerce Citicorp Wells Fargo.

Dallas UPS McOrp Deposit Insurance Bridge Bank The Federal Deposit Insurance Corp Office of the Comptroller of the Currency Bridge Bank FDIC George McCane McOrp Bankholding Company Federal Reserve Board McCane Fed Federal Reserve A&ls Robert Rieke Rauscher Pierce Reisnes Inc Rieke Frank Anderson Stephens Inc Little Rock Ark Ncnb Texas National Bank Houston First City Bancorporation of Texas Inc Texas Commerce Bancshares Inc Citicorp Wells Fargo & Co San Francisco

Avon Sues Amway Jacobs Over Share Purchase Tactics

Avon Pro ducts Inc seeks a federal injunction to bar Irwin Jacobs and Amway Corp from acquiring more Avon stock after a 10 percent stake. The suit accuses them of violating disclosure rules and asks for sale of the 53.8 million shares bought by A J Partnership for about 150.7 million. Jacobs is described as a raider. Amway labeled a pyramidal distributor.

New York Avon A-J Partnership Kimberly Bruyn Amway New York Stock Exchange Jacobs

Altered bean test gains permit for field trials

Washington AP The Agriculture Department issued a permit for the first field testing of a genetically engineered soybean variety designed to tolerate glyphosate. Greenhouse tests suggest Roundup tolerance. Trials will be conducted by Monsanto Agricultural Co. at sites in Jerseyville Illinois Whiteville Tennessee and Stuttgart Arkansas.

Washington API Agriculture Department Monsanto Agricultural Co Jerseyville Ill Whiteville Tenn Stuttgart Ark

Also Mentioned on This Page

Exxon and Alyeska Pipeline Service Co trans-Alaska Busch -Light Clara Kelly L.A.B Don Vock Dave Cain Illinois Busch Light Vock Cain Brussels Milan U.S London UPI Photo Nobuo Ikegaya Mercury Marine Shimizu Mecury Marine Brunswick Corporation James Gardner Mbank Avon, Inc Amway, Jacobs Shaklee Corp Mercy Health Care Professionals, Inc E. 3Rd St Sterling Stilice Dixon Radio Shack Plaza North Sterling Northland Mall WSDR Peter Rockford Cherry Vale Loves Park Freeport Dixon FSLIC
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