FDIC weighs suit against Neil Bush over Silverado S&L losses
The FDIC is expected to sue Neil Bush and other Silverado Bank executives for about 200 million in civil damages over Silverado Savings and Loan of Denver. FDIC officials caution no final decision has been made and personal assets may be needed if pursued.
MENTIONED IN THIS ARTICLE
Scripps Howard News Service
Washington
The
Federal Deposit Insurance Corp
Bush
Neil
Colorado Savings and Loan
FDIC
Silverado Banking, Savings and Loan of
Denver
Silverado
Alan Whitney
Whitney
GM ups rebates to spur sales of radical minivans
GM raises cash back to 1250 dollars from 1000 to boost lagging sales of the Pontiac Trans Sport Oldsmobile Silhouette and Chevrolet Lumina APV minivans. Design VP says bold styling will win acceptance while analyst notes gradual market education. Separately a federal jury convicts John Mulheren Jr. of conspiracy and stock manipulation in Boesky case. 26 counts remain deadlocked.
MENTIONED IN THIS ARTICLE
General Motors Corp
Chris Cedergren
J.D. Power & Associates
Agoura Hillis
Calif
GM Design
Charles Jordan
New York
John A. Mulheren Jr
Wall Street
Ivan F. Boesky
Mulheren
Boesky
RTC adopts policy to sell weak thrifts before failure
Washington officials unveil a major shift in thrift policy as the Resolution Trust Corp. votes 4-0 to seek buyers for insolvent savings and loan associations before they fail. The aim is to reduce taxpayer losses by exiting weak thrifts during government control rather than after insolvency.
MENTIONED IN THIS ARTICLE
Washington
The
Resolution Trust Corp
S&ls
Office of Thrift Supervision
Treasury Department
RTC
Trust Corporation
Ex-securities analyst sues Trump over casino remarks
Marvin B. Roffman a 50 year old former vice president at Janney Montgomery Scott in Philadelphia sues Donald Trump in U S District Court for more than 2 million dollars in punitive and compensatory damages alleging defamatory comments by Trump Roffman was fired March 23 for criticizing Trump Taj Mahal Casino Resort in Atlantic City New Jersey John Barry Trump spokesman declined to comment until the suit is reviewed.
MENTIONED IN THIS ARTICLE
Philadelphia
Marvin B. Roffman
Donald Trump
Trump
U.S
John Barry
Roffman
Janney Montgomery Scott Inc
Taj Mahal
Atlantic City
N.J
Merc officials hail verdict at Chicago Mercantile Exchange
Traders and Merc officials welcomed the government failure to prove an organized fraud scheme at the Merc. Business was brisk in the Swiss franc futures pit after a federal jury convicted two traders of minor violations and acquitted a third. Jurors could not reach verdicts on more serious charges including racketeering and mail and wire fraud.
MENTIONED IN THIS ARTICLE
Chicago
Chicago Mercantile Exchange
Merc
Manufacturing unions see largest drop in 3 years
A Grant Thornton study reports membership in manufacturing unions fell by 153000 in 1989 due to rising demand for high tech workers. The Manufacturing and Climates Study will be released on August 16.
MENTIONED IN THIS ARTICLE
Boston
Grant Thornton
Metal Prices Wrap Up On New York Market
New York metal prices closed with gold at 355.50 per troy ounce and silver at 4 817 per troy ounce. Platinum stood at 343090 per troy ounce and palladium at 316 BO per ounce. Nonferrous metals showed aluminum at 70 cents a pound copper at 1186 per pound lead 48-50 cents, zinc 87 cents and tin listed but unclear. Mercury price ranged 280-3790 per 76 pound flask.
MENTIONED IN THIS ARTICLE
New York
Gomex
Comex
Metals Week
Mertury
Nyse Lsted
Enmwts
Pfizer
Pheipp
Ford
Alcon
At&t
Amoco
Bost Hanson
MM Baxter
IBM
Scott
Kmart
Tenaco
Texaco
Merck
Merlyn
Mobil
Contels
Matel
Deere
Adv Navistr
Ais
He Unitels Digital
PanEc
Pepsico
USX and union officials convicted in pension case
In Birmingham jurors convict USX Corp and two United Steelworkers officials of conspiring to pay illegal pensions to union leaders. Thermon Phillips and E B Rich face prison and fines. sentencing set for August 20.
MENTIONED IN THIS ARTICLE
USX
Scripps Howard News Service
Birmingham
Ala
USX Corp
United Steelworkers
United States Steel
Phillips
Rich
Fairfield
Rich and Phillips
Fairfield Works
Also Mentioned on This Page
Neil Bush
Bers
Nal
House Banking Committee
Justice
Bert Ely
ST Legi
Wall St
S&l
Donald
Mutuals
American Wrist Mutual
Fidelity
Templeton
World
Sanguard
Wellington
the Steel Company
Union District 36
Thermon Phillips
E.B. Rich
Fed
Eral Labor Law
Mani
E.B. Haltom
A.m
Pierre R. Smith Co
Acme Cleve
Allied Corporation
Eed Alltel
AmerShip
CPC Inter. Inc
Emerson
First Bancorp
Goodrich
Hills Dept. Be Invacare
LCB Bancorp
LNB Bancorp
Lesco Inc
Nordson
Ohio Edison Northern Savings
P.N.C. Corp
Parker Hannifin
Smucker
Sunrise Medical Texas Utilities
Woolworth
Mid-Am Inc
Cose
Blue Cross & Blue Shield
Ohin
Tevaty
Evgehalee
Council of Smaller Enterprises
Greater Cleveland Growth Association
Blue Cross
Blue Shield
Ohio
Commierce
COLE
ROYAL
Lorain County
Amstros
Cleveland Street
Elyria
Lorain
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