Barclays Bank Sells Last South Africa Stake
Barclays Bank to sell its 40.4 percent stake in Barclays National Bank of South Africa for 236 million dollars to a consortium of South African companies. The sale, the largest divestment by a foreign firm, was prompted by financial pressure and anti apartheid protests. Governor Gerhard de Kock says it should not affect the banking system, but bankers fear a broader wave of divestment andCapital outflow amid South Africa's faltering growth.
MENTIONED IN THIS ARTICLE
Johannesburg
South Africa
Barclays Bank
Barclays National Bank of South
Africa
Barclays Bank of
Britain
Reserve Bank
Gerhard de Kock
Ing
General Motors Corp
Kodak
IBM
London
Barclays
Geoffrey Kelly
Associated Press
U.K
U.S
Chris Ball
Citizen
Johannnesburg
Barclay’s
Alaska Oil And Gas Development Urged
Washington AP report on an Interior Department draft study urging opening Alaska Coastal Plain to oil and gas development while protecting tundra and wildlife. The 1.5 million acre Arctic Ocean area could hold roughly 4.8 to 29.4 billion barrels of oil plus large natural gas reserves.
MENTIONED IN THIS ARTICLE
Washington
Interior Department
Alaska
William P. Horn
Arctic Ocean
United States
Horn
Interior
Donald Hodel
Congress
Prudhoe Bay
Capitol Hill
Wall Street Edges Higher Amid Rally After Boesky Fallout
The Dow Jones industrial average rose 16.31 to 1,909.87 at midday as traders build on last week’s rally. The market showed more advancers than decliners by about 5 to 3 on the NYSE, supported by a rebound after the Boesky scandal.
MENTIONED IN THIS ARTICLE
New York
Dan Jones
Wall Street
Ivan Boesky
Ottawa laborer killed in Ireland death
Brendan Morris, an Ottawa area carpenter who had lived in Ireland since July 1985, died in Sept. 1956. He married JoAnne Redenbaugh in 1985 and is survived by his mother Mrs. Margaret Morris of Clonmel Ireland, a step-daughter Marissa Espinosa, and sister Mary Morris. A Brendan Morris Memorial Fund has been started to cover burial expenses and transfer home to Ireland. donations may be made at Franklin Savings, Seventh and Main. Dengel & Son Funeral Home of Ottawa handles local arrangements.
MENTIONED IN THIS ARTICLE
Ireland
Sudja Carpentry
Ottawa
Marissa J. Espinosa
Mary Morris
Clonmel
Brendan Morris
Franklin Savings
Franklin
Seventh
Main
Dengel & Son Funeral Home
Local thefts and incidents reported across Ottawa area
Friday and Saturday items include a car radio stolen from a Beacon Plastics parked vehicle for $46, a gas heater taken from a rental home for $75, a tire puncture on a car in Osage Drive, and a rope tied to a van grille causing $200 damage. Accidents list a deer fatality on US-50 and multiple fender damages with cited drivers. Fire incident at a kitchen stove caused minor damage. a compressor overheated at South Main IGA with no damage. Quotations for Friday grains at Ottawa Co-op are listed.
MENTIONED IN THIS ARTICLE
Marshall D. Silvey
E. 8Th
Beacon Plastics
North Street
Charlene A. Chambers
Osage Drive
U.S.C. 290
South
Williamsburg
Loren W. Gilmore
Lincoln
East 12Th
Bradley J. Keaton
Ottawa
Stevenson
Joan D. Johnson
Bonner Springs
Department of Public Safety
Judy Murphy
S. Hickory
Vicki
DPS
South Pence
IGA
S. Main
Also Mentioned on This Page
Bank
Ottawan
JoAnne Redenbaugh
Margaret Morris
the Daily Report
Floyd B. Hulett
Garnett
Hickory
Linda Mallory
Ottawa Co-op
the Family Circus
By Bil Keane
Hagar the
Pentagon
Beetle Bailey
Rufus
Dane
American Mental Health Fund
P.O. Box
Washington, D.C
Illinois
THE
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