Bush vows pursuit of S&L crooks despite limited recoveries
President Bush and Attorney General Thornburgh outlined the unrecoverable losses from failed insured deposits tied to S&L scandals. Thornburgh warned assets are often dissipated or abroad, making full recovery unlikely while lawmakers press for forfeitures and fines.
MENTIONED IN THIS ARTICLE
Washington
Bush
Dick Thornburgh
Senate Banking Committee
Safety group calls recall of 5 million Ford cars over fire risk
Institute for Injury Reduction claims badly designed fuel filler pipes in Ford models from 1965 to 1985 create a fire hazard linked to over 200 deaths. The group urges a $250 million recall to redesign fuel tanks, while Ford disputes a recall and cites safety confidence.
MENTIONED IN THIS ARTICLE
Ford
Washington
Ford Motor Co
Institute For Injury Reduction
Institute
Benjamin Kelly
Jerald terHorst
David E. Perry
Corpus Christi
Texas
National Highway Traffic Safety Administration
Congress
Perry
Better Business Bureau Seminar on New Ohio Ad Reg
The Better Business Bureau will host a Wednesday seminar on a new Ohio advertising regulation issued in September. The rule bans substantiation claims and affects all advertisers. attendance is free for BBB and Ohio Council of Retail Merchants members with a $10 fee for others. Reservations via the BBB office.
MENTIONED IN THIS ARTICLE
The
Better Business Bureau
Oho
BBR
Auditorum
AmerTrust
Cleveland
Ohio Council of Retail Merchants
BRR
Col Fiadence
Last King
Metzenbaum vows to curb pension plan raiders in Senate action
Sen. Howard Metzenbaum pledges quick introduction of legislation to limit corporations from dismantling pension plans. He cites 2 million workers and retirees losing 20 billion dollars as firms tap surpluses to benefit themselves.
MENTIONED IN THIS ARTICLE
Washington
Howard Metzenbaum
Ohio
Metzenbaum
Senate
U.S. Chamber of Commerce
Chamber
Peter Kelly
Alabama
Zack Carter
Local 18
Industrial Union of Marine and Shipbuilding Workers of America
Carter
Mobile
Ala
Treasury Department
Nabisco sale closes. RJR Nabisco under Kohlberg Kravis Roberts
After 50 plus years as a public company RJR Nabisco Inc becomes privately owned as Kohlberg Kravis Roberts pays 25 billion dollars for 97 percent of shares. Former shareholders receive about 83 dollars per share in cash with the rest in a debt securities package. An operating committee of KKR partners and RJR managers will oversee the company while a permanent CEO is chosen. Ross Johnson resigns after bidding rival.
MENTIONED IN THIS ARTICLE
RJR Nabisco Inc
Kohlberg Kravis Roberts & Co
New York
RJR
Kohlberg
New York Stock Exchange
Kohlberg Partners
Paul Sticht
Food and Tobacco
Ross Johnson
Kohlberg’s
Kidron Livestock Market Weathers Cold Snap for Lighter Consignments
Thursday consignments at Kidron Auction were lighter due to extreme cold weather reducing demand and supply. Market hogs rose about four dollars, calves topped near 158 dollars, Holsteins saw a single jump with cows to 5690, and good cows and heifers reached 1070. Straw sold at 7 895 per ton.
MENTIONED IN THIS ARTICLE
Kidron
Halstein
Wholesale prices surge in January signaling inflation risk
The Labor Department reported a 12.7 percent annual rise in the Producer Price Index for January, the fastest monthly jump in over three years. Higher food and energy costs pushed the index up, with energy and finished goods showing notable gains and economists warning of further price pressure ahead.
MENTIONED IN THIS ARTICLE
Washington
Labor Department
Also Mentioned on This Page
S&l
Thornburgh
S&ls
Barbara Mikulski
D-Md
Sen
Phil Gramm
Gramm
Paul K. Kanjorski
Dpa
General Accounting Office
David Gleeson
Lincoln Asset Management Co
Dallas
Gleeson
Richard Thornburgh
David Perry
Jose Ch
At&t
PhilPet
Baxter
Prameg
Behe Bevrh Petty
BlueArn
Reebok
BronFr
Rayid
SBR
Te Brink
Saatchi
I BriRsen
4aTa AG
Homn
Spesp
Sehimb
Aos
Sears Petg
Eaty Dares Citecor
Abe “O's
Corsts
SouthCo
Texaco
Ste Oisnes
Q— Usk
Dow! T
duPont
Ms Ekodyk
Te UniTel
UnTech
Ty EmrsEi
Weyer
Baty Wistin
Geneln Verdes
Pierre He Smitha Ta Gwe
Gwent
Wits
Hanson
BAGO
Vanarsen
Trost Bancorp
AngWie
Lola Hom Orp
Beancorp Ay
ILCO
Tasco Diy
Miran
Marion
Idawa
Masco
Maytag
Smuchel
Tata
Woodworth
Pension Plan
Nabisco
Knight-Ridder Newspapers
Kidron Livestock
Attor Steirs
Heal
VA Dames
Dirk van Dongen
National Association of Wholesaler Distributors
van Dongen
Robert Brusca
Nikko Securities Co International Inc