SEC halts Franklin bank stock trading
The SEC halted trading in Franklin National Bank and Franklin New York stock amid $14 million foreign currency losses from unauthorized deals. Franklin National to raise $40 million via two rights offerings. potential merger with Manufacturers Hanover discussed. Michele Sindona to guarantee unsubscribed shares. SEC and Fed actions to protect liquidity and solvency under scrutiny.
MENTIONED IN THIS ARTICLE
New York
Securities and Exchange Commission
Franklin New Yorkorp
Franklin National Bank
Widhmsteads
Miday
Foreign Critchey
Franklin New York Alag
Michele Sindona
Franklin New York
Fasco International Holdings
Prayso
SEC
Washington
Charles Larson
Wednysay
Federal Reserve Board
Franklin National
Charles Mitchell
Reserve Board
Sidona
Treasury
David Kennedy
Market Down On Light Trade Amid Rising Rates
New York stocks slipped as interest rates rose, with the Dow closing at 845.59 down 4.85. Volume dropped to 11.29 million shares as losses spread across the market, while the American and Dow indices showed declines and few big movers, including Westinghouse Electric and Eastman Kodak.
MENTIONED IN THIS ARTICLE
New York
Morte Gordon
Dreyfus Corp
Gordon
First National Bank of Chicago
Kpaerhe
New York Stock Exchange
Seans Ryse
Toe Qn
American Stock Exchange
Westinghouse Electric
Isanas
Eastman Rita
Mown
Peouter & Gamble
Work walkout by carpenters hits Los Angeles area
About 49 000 carpenters were set to strike across Southern California as contractors prepared for court injunctions. The stoppage follows a wage dispute after the federal wage-price policy was eased. Union leaders seek immediate raises beyond existing fringe benefits while northern California carpenters already won a 50 cent raise. Current Southern California pay stands at 7 06 dollars an hour plus 2 41 in fringe benefits.
MENTIONED IN THIS ARTICLE
Los Angeles
Saint Merritan-hoar
Din Petersen
Paul Milter
California
Corneil
Southern California
Northern
Also Mentioned on This Page
Inoerend
Albert Amcankt
Broard
Anreen SH
Amin
Seth
Smads
Armel
Poe
Aistn Ltd
Renae Ratrimiice
Wwe
Comeda
Calton
Genesco
Benne
Gustine
Richdan Domens
Muimer & Berker
Bemsligs
Hyarom
Renee
Slab
Walt
Bertini
Hiett
Ierdes
Moressie Burr
Imre
Paris
Seach
IBM
Hammad
Masih Batson
Renta Berlin
Beltane Ian
Bebstorn
Hemapnes
Devenir
Cisco
Hinensiin
Hani
Nortyn
Meriva
Barlah
Etlin Bs
Rai AL
EuieRerce
Marata Eranecotn
Nearer Oat
Fetechn
Sistill
Sia
Inaranid
Reinai
fsBeel
Gabieind
Saal
Organnas
Ehigers
Ardbei Teenghine
Paccastaa
Oa Gerint
Mts
Guinintin
Goa
Enitia
Fiat
Eainesets
Jankay
Ings
Lena
Teaasiry
Franklin Bank
Biteo
Ace Minas
Californ
GMA Kadow
Cate
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