FDIC rejects Milken settlement proposal in Milken case
The FDIC rejected a $1.3 billion global settlement of Milken related court suits saying adequate information and comprehensive financial disclosure were not provided. It faulted the plan for not clarifying payments by all defendants or properly weighing Milken and others’ contributions against other defendants. The board hopes the concerns can be addressed.
MENTIONED IN THIS ARTICLE
Knight-Ridder Financial News
Washington
Federal Deposit Insurance Corp
Michael Milken
FDIC
Hoyle Robinson
U.S
Milton Pollack
Milken
Robinson
Macy's to Close Nearly 60 Stores in Major Retrenchment
Macy's, amid Chapter 11 proceedings, will shutter about 60 stores including five I Magnin outlets and 34 Fantasies by Morgan Taylor locations. The move targets California, Illinois, Maryland, and other markets, with layoffs around 800 workers and plans to reallocate staff where possible.
MENTIONED IN THIS ARTICLE
R.H. Macy & Co
Macy’s
Edward S. Finkelstein
Myron Altman III
Macy's
Hut
Alan Millstein
Fashion Network Report
I. Magnin
Santa Clara
Sacramento
Palm Springs
Calif
Illinois
Maryland
J. Magnin
California
Morgan Taylor Stores
Charter Club Women’s
Aeropostale
Wall Street Journal
Ullman
Finkelstein
Mark Handler
K Street Mall
New York
Chicago
Kensington
Ohio built Hondas go to Australia from Marysville plant
Honda began exporting right hand drive Accord Wagons from Ohio plants with the first shipment leaving Portland Oregon. By 1992 export plans target Finland Norway Sweden and other markets. Honda aims to ship about 40 000 vehicles in 1992 with Accord leading exports for North American makers.
MENTIONED IN THIS ARTICLE
Detroit
America
Honda
Australia
Portland
Ore
Finland
Norway
Sweden
Marysville
Japan
Britain
Canada
Grain Prices at Lorain County Farm Bureau Market
Lorain County Farm Bureau Cooperative Association reports yesterday's closing prices for grain. Wheat at 2.62 per bushel, shelled corn 2.68, oats 1.00, soybeans 5.66 per bushel.
MENTIONED IN THIS ARTICLE
Lorain County Farm Bureau Cooperative Association. Inc
Fecal
Union fights GM Moraine plant closing plan
Union officials say they will study GM's financial reasons for closing the Moraine Engine Plant and move work to Mexico. Local 801 leaders met GM executives for about two hours and plan to meet again March 16 in Detroit. They cite a 550 worker, 32 dollar per hour wage plant with 17 percent capacity and question competitiveness as GM aims to shutter by summer 1995.
MENTIONED IN THIS ARTICLE
Willie Thorpe
The
International Union of Electronic Workers
Steve Sexton
TUE
Thorpe
Mexico
Detroit
Toluca
Sexton
Kidron Auction Receives Wide Range of Livestock Loads
Consignments at Kidron Auction include 958 HOSS cattle, multiple weight ranges with prices from $24.50 to $39.50, 390 head at Hatfield station with bids up to $96.50, 270 calves priced $54 to $100, 206 cattle including steers at $56.50 to $57.50 and heifers $49 to $55, plus 50 goats and 263 dairy cattle. Total head 3,335 with 632 consignors. First cutting hay $55 to $140, second $75 to $100, straw and feed prices listed.
MENTIONED IN THIS ARTICLE
Hatfield
Wadham
Oakind
New York
WYSE
Pacge
PhilPet
Ye Alcoa
At&t
Asarco
Rolline
araLee
SchrPi
SPA
Boeing
SyblTc
Cadence Cms Eng
Texaco
Aw Campsp
Usxaar
Unisys
Unocal
unocEx
Coleman
Pierre R. Smith
Disney Aa
DuPont
St Acme Cleve
Ekodak
Asnaaa Ale
Entergy
Ta Allied Corporation EqiRes
Alltel
Exxon
AmerShip
FamDir
Ve Centerior
First Bancorp
GenEl
Ns Nm
LCB Bancorp SnMotr Yoo
LNB Bancorp
GaGulf
We Mid-Am Inc
Gillete
Abs Nordson Az Glaxos
Snow Hanson
Oho Edison
Hernz
Parker Hannifin
Smuders
SJMA
Sonnse Medical
He HK
Texas Utilities
Vadoe
IBM
Woolworth
John Jin
Kelloggs
Lilly
American Whst Mutual
Masco
McOon Az
Wei
Fidelity-Puritan
Vanguard-Feilington
Norwst
Jobless rate jumps to 7.3 percent in February
Washington AP report shows 9.2 million jobless Americans in February, up 2.8 million since July 1990, marking the highest unemployment since December 1983. payrolls rose 164,000, strongest since May 1990, but January numbers were revised downward.
MENTIONED IN THIS ARTICLE
Washington
Labor Department
Also Mentioned on This Page
Pine
RTA
Resolution Trust Corp
Savings and Loan
MND
Millcon
Jancely Sdtings Amt Net Lak
Charles Keating
United States
Drexel Burnham and Lambert
Drexel
Los Angeles Times
Herb Schroeder
Kidron Livestock
Kidron
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