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Newspaper
News
Location
Frederick, Maryland, United States of America
Date
Sep 02, 1987
Page
4
Nine Farm Credit System institutions faced enforcement actions by their regulator to tighten credit procedures. The Farm Credit Administration described the measures, with four settlements and five cease and desist orders issued, and cited serious loan portfolio deterioration at two associations.
Coca-Cola Co plans to merge its entertainment unit, including Columbia Pictures and Coca Cola Television, into Tri-Star Pictures to form a new movie and TV company. Coca-Cola would hold about 80 percent, with a one time dividend of 3a million Tri-Star shares to Coca-Cola stockholders and the new entity listed as Columbia Pictures Entertainment Inc. subject to shareholder approvals.
NHTSA proposes regulations under a 1986 law to require mileage figures on state titles issued after April 1989 and to discourage tampering. Dealers and auctions would keep detailed five year records on each vehicle sold, and lessees must disclose mileage at lease end.
Maryellen and Dan Little sue Artery for eight foot higher townhouses blocking lake view at Black Hills Regional Park. County planning officials halted work after loft units exceeded approved elevations. Artery plans 202 townhomes with 181 sold. negotiations continue with officials and associations to resolve the dispute.
Teleflex Inc will construct an 80,000 square foot marine assembly plant on 16 acres in Washington County Business Park, financed by a $2.5 million package approved by the Maryland Industrial Development Financing Authority. The plant will be run by new subsidiary TFX Marine Inc. and open in spring, with a 60-person local workforce.
The Commerce Department reported a 0.5 percent July gain in its leading indicators, the sixth straight monthly rise, suggesting moderate growth into 1988. Orders to US manufacturers slipped 0.2 percent in July led by defense, while civilian orders rose 0.1 percent. Construction spending fell 0.2 percent for July, marking a second consecutive monthly decline due to weakness in apartment and non residential building amid tax-law changes.
The biography Volcker: Portrait of the Money Man portrays Paul A. Volcker Jr. as frugal in daily life, railing at restaurant prices and lugging laundry home in a suitcase, while a Monopoly zeal fuels his competitive side. Volcker, retiring Fed chair, has seen the book but will not comment.
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