Ohio sues Home State Savings over closure warnings
The Ohio Commerce Department files a 432 million suit against 12 Home State Savings Bank officers and directors. It claims repeated warnings were ignored about risks linked to ESM Government Securities Inc. The bank, with 1.4 billion in assets, closed March 8 triggering a state run and affecting 69 S&Ls.
MENTIONED IN THIS ARTICLE
Cincinnati
Savings and Loan Association
S&ls
State Commerce Department
Home State Savings Bank
Richard Celeste
Hamilton County Common Pleas Court
Home State
Marvin Warner
Warner
ESM Government Securities Inc
Fort Lauderdale
Fla
ESM
AT&T unveils Unix PC and local network in New York
AT&T plans to introduce its first internally developed Unix PC with 512000 memory and 10 million character hard drive for about 5095 dollars. Bell Laboratories built Unix, enabling multitasking and shared computing across remote terminals. Concurrently Searle ends buyer search after NutraSweet sales rise. dividend up to 25 cents.
MENTIONED IN THIS ARTICLE
New York
American Telephone & Telegraph Co
International Business Machines Corp
At&t
Bell Laboratories
Searle
Chicago
G.D. Searle & Co
Monsanto Co
St. Louis
Pfizer Inc
Angus Chemical Co
Northbrook
Ill
Angus
Auto sales rise 5.1 percent in March period
U.S. auto makers report 273,822 new American cars sold in March 11-20, a 5.1 percent gain from last year with nine selling days. Ford Chrysler and American Motors offered incentives, GM started incentives on the last day. Daily rate tops 30,000, annualized pace near 8.4 million. Drexel’s Healy calls boom strong with no slowdown.
MENTIONED IN THIS ARTICLE
Detroit
Ford
Chrysler
American Motors
General Motors
David Healy
Drexel Burnham Lambert Inc
IBM edges EDS for INS contract after late night talks
In Washington the INS awarded IBM a $58.3 million contract to install a national computer network, beating Electronic Data Systems. A later settlement tied to an EDS lawsuit kept the same scope and cost, with both sides involved in the negotiations surrounding the best and final offer.
MENTIONED IN THIS ARTICLE
Washington
IBM
U.S. Immigration and Naturalization Service
Immigration Service
United States
Electronic Data Systems Federal Corp
General Motors
EDS
U.S
Immigration and Naturalization Service
RFP
Terry Miller
Annandale
Central Justice Department
General Services Administration
Miller
John Miller
The Investment House opens in Carterville at 1002 Division St
The Investment House, a new Carterville firm, opens at 1002 Division St with Dean Ehrenheim as office manager and marketing specialist. Jeff Cross serves as managing broker. Hours are 8:30 to 5 weekdays, Saturdays by appointment. Phone 985 8325. The two story century old building hosts services in commercial sales leasing development and property syndication plus computer consulting.
MENTIONED IN THIS ARTICLE
Division St
Carterville
Dean Ehrenheim
Ehrenheim
Jeff Cross
Also Mentioned on This Page
SI Wire Services
Jennifer DeLatorre
National Housewares Manufacturers Association
Ohio
Home State Savings
Amex
NYSE
Allen Industries Mess
Dayco
Brown Group
McDonalds
Coca-Cola
Norge Consol
DuPont
Magic Chef
Freeman Coal
Old Ben Coal
Standard Oil Ohio
Gen. Dynamics
Olin Holiday Inn
Inland Steel
Cox News Service
First Federal
Federal Home Loan Bank of Chicago
First Federal Savings
Sparta
Broadway and Market
Carbondale
W. Main
Murphysboro
Walnut St
Steeleville
W. Broadway
Miles Than
Gace
Pliage Recert
FSLIC
Federe
Sevengs & Loan Insurance Ci
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