Lyons vows to carry out church business as usual
ASHVILLE Tenn AP the Rev Henry Lyons leader of a large black denomination spoke to about 40 ministers insisting he would press on with convention business despite racketeering theft charges He avoided questions and thanked supporters claiming no church funds would pay his legal bills while a defense fund is set up The case involves alleged embezzlement from the National Baptist Convention U S A and missing funds pledged to rebuild burned churches with donations from the Anti Defamation League
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Milwaukee
Frank Gimbel
Gas prices dip to four year low in US
Gasoline costs slip below 1.00 per gallon in several states with spots under 90 cents. AAA cites supply and demand, warm winter, El Nino and improved tech as factors. Analysts say prices may fall further on Iraqi oil and full terminals. Local reactions vary from relief to frustration.
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American Petroleum Institute
Asia
Iraq
Donald Ratajczak
Georgia State University
Milken settles civil charges with $47 million payment
Michael Milken, barred from Wall Street, agrees to pay $42 million in fees plus $5 million interest to settle civil SEC charges. Prosecutors say no further criminal charges will be filed. Milken’s parole from a 1990 insider trading conviction ends Sunday.
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Securities and Exchange Commission
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Sultant
MCI
News Corp
Ronald Perelman
New World Entertainment Inc
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