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Syracuse Herald Journal in Syracuse, New York

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This newspaper page contains 9 articles. Subscribers can read the full text of each article.

Newspaper

Syracuse Herald Journal

Location

Syracuse, New York, United States of America

Date

May 11, 1990

Page

10

Mattel sues to protect Barbie image in Ohio suit

Mattel files a federal suit against Saundra and Michael Cherwenka of suburban Basel alleging they advertise and perform as Barbie Ken Malibu Barbie and Malibu Ken with nude or provocative acts on stage and on television. The company claims the acts violate Mattel's rights and harm its wholesome brand image.

Mattel Barbie Michael and Saundra Chernenka Bai Se Cherwenkas Phil Donaue Michael Cherwenka Saundra Cherwenka Cherwenka Donahue Chernenka Malibu Barbie Brandt Chernenko

Business leaders lift forecast for growth through 1992

The Business Council-100 members now expect U.S. economy to grow at least 2.6 percent in 1992, up from October projections of 1.8 percent for this year. Lewis T. Preston of J.P. Morgan notes unanimous optimism among 19 consultants, none predicting a recession this year or next.

Hot Springs Meney Business Council Coun Scone of Enemy Lewis T. Preston J.P. Morgan Inc New York Bank Council Tre Asani

Nuclear decommissioning fund venture formed in Chicago

John Nuveen & Co and Duff & Phelps form Nuveen-Duff & Phelps Investment to manage funds utilities must set aside for dismantling nuclear plants. Spokesman Jeff Kratz cites decommissioning costs for the 110 U.S. plants at about 100 billion to 1 trillion dollars.

Chicago John Nuveen & Co. Inc Duff & Phelps Inc Nuveen-Duff & Phelps Investment Nuveen Jeff Kratz

Auto borrowing fuels surge in consumer credit rise

Washington reports Americans borrowed 2.6 billion more than repaid in March as auto loan demand rebounds from February. Federal Reserve data show consumer credit rising at a 4.4 percent seasonally adjusted annual rate, up from February’s 0.1 percent.

Washington Federal Reserve

State court rules utilities may not pass donations to charities

New York Court of Appeals ruled Niagara Mohawk Power Corp may not deduct charity donations from customer bills, officials warn potential shifts in funding to charities across 37 counties. The decision, upheld from lower courts, preserves First Amendment protections but shifts charitable costs to shareholders, igniting concerns about reduced corporate philanthropy.

Letopy LO Theharina Niagara Mohawk Power Corp Syracuse New York William Romano Niagara Mohawk Joseph Bellacosa

FCC ruling opens line to cellular phone users

The FCC granted Millicom Inc experimental licenses for personal communications networks using high microwave frequencies to expand capacity. Systems will be built in Houston and Orlando with 25,000 and 20,000 subscribers respectively, costing $20 million, service due within two years. British groups plan $1.7 billion each to launch nationwide systems in London by 1992.

Federal Communications Commission Cellular Telephone Company Wall Street Focal FCC Millicom Inc Lar Telephone Company New York Millicom Houston Orlando Fla London

Mass Layoffs Hit Southern California Aerospace Sector

About 1,000 aerospace workers will be laid off at McDonnell Douglas Long Beach, part of a broader wave of defense cutbacks that threaten regional growth. GE also plans 870 layoffs in Syracuse, while Lockheed shifts operations from Burbank to Georgia and Palmdale, removing 4,500 California jobs by the mid-1990s.

Los Angeles McDonnell el Long Beach California Ana Lysts New York General Electric Syracuse McDonnell Douglas Douglas Aircraft Co Douglas Tom Kaminski John Capellupo Lockheed Burbank Aeronautics Georgia Palmdale Calif

Banking regulators deny credit crunch claim in ABA session

Washington regulators Greenspan Clarke and Seidman met with the American Bankers Association to push back on credit crunch charges. They argued slow lending stems from a weak economy, not excessive regulation, and urged banks to continue sound lending while improving industry communication.

John Diamond Associated Press Washington Banking Association Federal Reserve Board Alan Greenspan Robert L. Clarke L. William Seidman Federal Deposit Insurance Corp American Bankers Association Greenspan Northeast The Bankers Association Clarke Association ABA Kelly Holthus

Greenspan outlines cautious plan to reform deposit insurance

Federal Reserve Chairman Alan Greenspan proposed ideas to overhaul the bank deposit insurance system without endorsing major cuts. He floated risk based premiums, closer bank reviews, faster action against weak banks, and higher owner risk, while rejecting abolishing insurance or safeguards.

Washington Federal Reserve Alan Greenspan Greenspan Federal Deposit Insurance Federal Deposit Insurance Fund Chicago

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