Indictment Expected Tomorrow in De Lorean Drug Case
Federal grand jury likely to hand up an indictment against automaker John De Lorean, who remains in a Terminal Island jail after Oct arrest on cocaine conspiracy charges. His bail fight centers on a $5 million requirement secured by cash and property including a Park Avenue town house and a 48 acre Escondido estate.
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Terminal Island
de Lorean
de Lorean Motor Co
U.S
Alex Williams
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Air
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New York
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Michigan
Northern Ireland
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William J. Corbin
Geometrics Engineering and Design
Oxford
Mich
England
De Lorean Firm Under Receiverhip After Belfast Plant Closure Announcement
The De Lorean Motor Company has been under receivership since February and a Belfast plant closure was announced the day of De Lorean arrest, marking a critical turn in the auto maker’s financial troubles.
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de Lorean
Belfast
Rome firm seeks regrouping as Chapter 11 filed
Revere Copper and Brass Inc. files Chapter 11 to regroup labor contracts and suspend labor policies while operating under bankruptcy court supervision. The Rome plant, largest in the company, will run “business as usual” per local officials, despite massive losses in the aluminum operation. Copper and brass divisions remain profitable but not enough to halt the company’s decline.
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Ings
Rome
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Comy
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Revere Copper and Brass Inc
Gest
Uncertain Senate and House races reflect unemployment fears
In a nation facing 10.1 percent jobless rates, Democrats gain ground in closely fought contests while unemployment fear drives voters toward them. Key races include Carr in Michigan, Wheat in Missouri, Bosco in California, Ortiz in Texas, and Ortiz and Davis in Virginia and New Mexico.
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Michigan
Robert Carr
Jim Dunn
Alan Wheat
John A. Sharp
California
Don Clausen
Doug Bosco
Iowa
Lynn Cutler
Cooper Evans
Texas
Solomon Ortiz
Jason Luby
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