Wall defends S&L actions at Lincoln case hearing
Federal regulator M Danny Wall defends handling of Lincoln Savings and Loan failure amid criticism. He cites delays in seizure, says hearings limited his response, and defends actions by the agency then called the Office of Thrift Supervision. Wall notes reforms and praises San Francisco regulator Michael Patriarca while denying rush to judgment.
MENTIONED IN THIS ARTICLE
Washington
Danny Wall
Lily White
Wall
White House
Lincoln Savings and Loan Association
Irvine
Calif
House Banking Committee
Lincoln
Phoenix
Ariz
Charles H. Keating Jr
American Continental Corp
Federal Home Loan Bank Board
Office of Thrift Supervision
San Francisco
Lincoin
Michael Patriarca
Thrift
William K. Black
S&l
Patriarca
Keating
Mr. Wall
Alan Cranston
D-Calif
Senate Banking Committee
Cranston
Dennis DeConcini
D-Ariz
Carroll Hubbard
D-Ky
Ford bids $2.5 billion cash for Jaguar PLC
Ford Motor Co offers 850 pence per Jaguar share in a 2.5 billion cash bid. Jaguar plans to recommend acceptance, GM weighs options as Ford seeks to topple the GM led bid. Analysts note no higher counter offer expected and GM signals retreat from a bidding war.
MENTIONED IN THIS ARTICLE
London
Ford Motor Co
Jaguar PLC
Jaguar
General Motors Corp
Ford
U.S
Detroit
Roger B. Smith
General Motors
House Passes Bill on Minimum Wage Raise
The House approved a compromise bill raising the federal minimum wage from 3.35 to 4.25 by 1991 with a 45 cent rise in April and another 45 cent rise a year later, plus a training subminimum for 16 to 19 year olds. About 4 million workers are affected. support and objections spanned both parties.
MENTIONED IN THIS ARTICLE
Washington
House
Bush
Congressional
Democrats
Medaew
Congress
Reagan
Joseph M. Gaydos
D-Pa
Pennsylvania
William Goodling
Carl Perkins
Kentucky
George Miller
Calfornia
Perkins
Rep
Thomas Ridge
R-Pa
White House
Ridge
Thomas §. Foley
D-Wash
Foley
Local employers say wage hike will have little effect
A statewide wage increase from 3.35 to 4.25 dollars, phased in by 1991, is not expected to alter local pay much. Frederick managers report starting wages already above the new floor, with McDonald’s in the area paying 5 to 5.50 and some younger workers earning near 4.50 to 5.00. Several large Frederick County employers foresee minimal to no impact on current wages or hiring.
MENTIONED IN THIS ARTICLE
Bush
House
Senate
Frederick
McDonald’s
Bob Schultz
Pizza Hut
West Patrick Street
Frederick County
Moore Business Farms
Thurmont
Pat Custer
Phelan warns volatility may ruin market system
NYSE chairman John J. Phelan Jr cautioned in a Washington Post interview that wild stock swings threaten the market as a capital-raising and investing vehicle. He attributed volatility to a national liquidity issue beyond NYSE, urging controls amid a Dow drop and scrutiny of program trading ahead of congressional testimony.
MENTIONED IN THIS ARTICLE
Washington
New York Stock Exchange
John J. Phelan Jr
Washington Post
Phelan
House Energy and Commerce
Telecommunications and Finance
Exchange
Also Mentioned on This Page
Thurmont Park Shopping Center
Ed Waters Jr
Hardee's
Thurmont Park
Murray F. Scher
Craft-Scher Inc
Kellee Cannon
C-S Inc
Richard C. Lind
Fox Associates
Terry Bess
Clara Craft
R. W. Craft
Dale Bevard
Summit Properties
Hardees
Tom King
Pat Wilborne
P&e Paving Inc
Robert E. Wagerman
Eileen Waesche
Eddie Hobbs
Wayne A. Hooper
Treasury Department
Treasury
Smith
John Lawson
Nomura Research Institute
Peter Deighton
Natwest Woodman
AST
Acer
ALB
Bios
Everex
Maxar
Samsung
Eplus
Lotus
MasterCard
Visa
Buch
United States
Desking
Capitol Hill
Dow Jones
Sovran Tquizx Mortgage Corporation
Pall Fort
Waverley Dr. Frederick, MD
An Colonial Jewelers
Gemoogists
Gest Pavce
Sven Bacon
Frese
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