Justice drops TRW price fixing charges cited by insufficient evidence
The Justice Department drops antitrust price fixing claims against TRW Inc citing insufficient evidence after the company revealed accounting irregularities in 1984. TRW says it is prepared to make restitution, while a civil suit seeks 1.2 billion under the False Claims Act and a continuing criminal probe is noted.
MENTIONED IN THIS ARTICLE
Justice
TRW
Cleveland (Ap
TRW Inc
Justice Department
Michael Johnson
Larry S. Eagleye
Charles W. Broome
Alan J. Russ
United States
Patrick M. McLaughlin
McLaughlin
General Electric Co
United Technologies Corp
Iscar Blades Ltd
Israel
Oscar Blades
U.S
Alan J. Ross
Compressor Components
Power Accessories
Financier Eyes Japan as Main Aid Source for Poor Nations
Felix Rohatyn and Helmut Schmidt outlined a plan in Washington proposing Japan replace the United States as the primary supplier of international aid to developing countries. Rohatyn suggested Japan could commit about 50 billion dollars over five years via the World Bank, with Baker’s 29 billion loan plan viewed as a positive sign but needing broader action amid Mexico and regional crises.
MENTIONED IN THIS ARTICLE
Washington
Japan
United States
Felix G. Rohatyn
Rohatyn
New York City
Helmut Schmidt
West Germany
A.W. Clausen
World Bank
Barber Conable
R-N.y
Conable
New York
Municipal Assistance Corporation
MAC
Schmidt
Overseas Development Council
Treasury
James A. Baker III
Baker
InterAmerican Development Bank
U.S
Mexico
Brazil
Argentina
Philippines
People Express weighs sale amid industry consolidation
People Express Inc announced it may sell all or part of the company after a surge in competition and weakening earnings. Analyst Anthony Hatch suggested a sale of Frontier Airlines, saying deregulation and Western competition hurt margins. The airline, once the fifth largest, grew to 145 destinations from Newark before stating possible asset sales and revenue strategies in response to rumors and trading volume.
MENTIONED IN THIS ARTICLE
Newark
N.J
People Express Inc
Orline
People Express
Anthony Hatch
Argus Research Corp
New York
Frontier Airlines
Hatch
Buffalo
Columbus
Ohio
Norfolk
United States
Canada
Europe
Morgan Stanley & Co
Also Mentioned on This Page
Johnson
Ross
Defense Department
Inspector General
NYSE
Stocl
PlolMr
PhilPet
RalsPur
SeaCo
AI Sears
Amoco
SouthCo
AshiOul
Baxter
Texaco
BellSou's
BethStl
Usarg
BlairJn
US Steel
Boeing
Bristo
Unocal
CartHn T
Aim
Wimrts
CastiCk
Walprn
CNY
Pierre R Smith & Co Churchs
Coleco
Colums
Albed Corporation
Alltel
AmerShip
Blyt Centerior
Inter Inc
Emerson DeltaAr
Excello
First Bancorp Agha Disney S
Cs Goodrich
TC Industries
Ta Midland-Ross
Fednm
Ug Nordson
Ag Bih
Ohio Edison
Parker Hannifin
Smucker
HCA
Ty Amer-Wash Mutual
Inn
My Dreyfus
IBM
Fidelity Puritan
JohnIn
Kmart
MIT
Korea
Blay
Vanguard-Wellgta Lockhole
Ls Loews
Lowes
Bos Merlyn
Monsan
le Nynex
ODECO
Pacge
Rte
PacTel
Paeifep
Panam
Ada Pheer
Pepsi
Creston Livestock
Creston
Peifer
Elyria
Obertin Road
Ceve
Lotus
Wordstar
IBM PC
Lorain County Vocational Center Adult Education Department
Mabgree
Muu i
ROYAL
AOYAL
Royal Business
Cleveland St
Lerain
Broadview
Continental Airlines
Uewar A
Broadview Savings
Star Coriteate
Casper Weber K
Hho Haven
Lam
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