Oil reserve test sale expanded to 15 million barrels
Washington Congress moves to empower President Bush for a larger test sale from the Strategic Petroleum Reserve. Energy Secretary Watkins says a 5 million barrel release is too small and advocates testing at 0.5 million barrels per day to evaluate the system. Rep. Phil Sharp drafts a 15 million barrel proposal amid expectations of Senate support.
MENTIONED IN THIS ARTICLE
Washington
Congress
Bush
Strategic Reserve
Texas
Louisiana
Sharp
Watkins
Senate
Judge delays Milken sentencing in fraud case
Federal district Judge Kimba M Wood postponed Michael R Milken sentencing to allow time for government and defense to resolve allegations. If unresolved by Tuesday, a hearing will determine whether the six felonies Milken pleaded guilty to in April reflect a pattern of criminal behavior.
MENTIONED IN THIS ARTICLE
New York
Michael R Milken
Kimba M. Wood
A i
Wood
Milken
Banks raise FDIC premiums by 60 percent to shore up fund
The FDIC board voted to raise banks insurance costs by over 60 percent starting next year as the fund protecting deposits shrinks. Banks may pass higher charges to customers via account fees and lower interest on deposits, with analysts noting potential profit hits but necessity for system health.
MENTIONED IN THIS ARTICLE
New York
Federal Deposit Insurance Corp
FDIC
Christopher Mahoney
Moody's Investors Service
Huge freezer plant nears opening in Syracuse
An 112 million freezer and cold storage facility at the Central New York Regional Market on Park Street nears completion. The 110,000 square foot Pioneer Freezer & Cold Storage Inc. will employ about 100 workers at opening and serve vegetable and fruit growers and processors with controlled climate storage. It can hold 3.7 million cubic feet of food across multiple temperature zones.
MENTIONED IN THIS ARTICLE
Ellen Blalock
Star Photograp
Ken Yorker
Pioneer Lift
New Freezer & Cold Storage Inc
Central New York
Park Street
Pioneer Freezer & Cold Storage Inc
Syracuse
John A Okunsk
Pioneer Freezer
Pioneer Warehousing
Onondaga County
Okunski
New York
Pioneer
Boston firm warns on insurance hike effects on banks
A Boston company cautions that savers may move money into mutual funds or other investments or switch banks. The result could force banks to absorb all or part of a rising insurance burden, impacting earnings and hitting weaker institutions hardest.
MENTIONED IN THIS ARTICLE
Boston Corp
Community Bank plans consolidation into single holding company
DeWitt based Community Bank System Inc plans to consolidate five banks into one holding company subject to federal and state approvals. If approved by year end, the move aims to cut costs and boost profits, with about $640 million in assets and a 1990 second quarter net income of $534,000. Names involved include St Lawrence National Bank Canton Horizon Bank Waterloo Exchange National Bank Olean Nichols National Bank Nichols and Community National Bank Addison.
MENTIONED IN THIS ARTICLE
DeWitt-based
Community Bank System Inc
Community Bank
Edwin J. Lyons
St Lawrence National Bank
Canton
Horizon Bank, NA
Waterloo
Exchange National Bank
Olean
Nichols National Bank
Nichols
Community National Bank
Addison
Lyons
Community Bank Systems
Consolidated Bank
Community Bank System
Don Cole to buy Tri County Mall in Baldwinsville
Don Cole plans to purchase the Tri County Mall in Baldwinsville from Tri Cam Realty of Montreal. He aims to revive the 172,000 square foot center, renovate interiors and exteriors, attract local retailers, and operate with his family. The price was not disclosed and closing is expected next week.
MENTIONED IN THIS ARTICLE
Tri-County
Baldwinsville
Don Cole
Cole
Tri- Cam Realty
Montreal
Don Cole Jr
Don Jr
William
Cathy
Cole Muffler
Alexandria Bay
Coles
Bush S and L hearing ends with Bush denial of conflict
Nelson Bush, son of the president, fought charges of conflict of interest during a final administrative hearing in Denver. He admitted acting as a go-between for a Silverado Banking and Savings loan line of credit to developers, while denying any financial stake. The developers later defaulted on loans totaling over 132 million dollars. Silverado faced a large taxpayer bailout.
MENTIONED IN THIS ARTICLE
Denver
Nel Bush
Savings and Loan
Bush
Sovern 3Ushment
Silverado Banking, Savings and Loan Association of Denver
Silverado
Daniel J. Davidson
Also Mentioned on This Page
U.S
Strategic Petroleum Reserve
By Kurt Eichenwald
New York Times News Service
DIC
L. William Seid
Man
Eric Hemel
Fdic Deposit Insurance Fund
Bille
AMEX
Eastman Kodak
Nyse&g
USA
Goulds
Anheuser Busch
Echiin QM
Oneida Ltd
Federal Funds
Savangs
Roquois Banc
Alcan
Fay
Marietta
Allied Sig
Norstar
General Electric
Penn
At&t
Silane
General Motors
Philip Morris
Treasury
Bristol
Onbancorp Inc
Picou
Center Bank
Park
Ye Church
Dwt
Carlisle
Kemper
Raymond Corp
Reynolds
H Gomm Bank
Chase Manhattan
Ae Key Corp
Sears
Dean Witter Reynolds
Cooper
NYNEX
Smuth
Novade
This is just the beginning! Our collection holds over 300 years of history, including rare newspapers, obituaries, marriage records, birth records, and so much more—most of which you won’t find anywhere else!