Jury seated for 1.2 billion Keating civil trial
The marked case opens in Tucson as Charles Keating Jr and co defendants face a federal fraud trial over alleged bond sales schemes tied to ACC Lincoln Savings. Plaintiffs seek up to 1.2 billion including interest and penalties, claiming professionals aided a fraud. Trial could last six months with evidence of conspiracies and a controversial accounting firm letter presented.
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Tucson
U.S
Richard Bilby
Joseph Cocnett
Sidad
Keating
American Continental Corp
Cochett
S&l
Arthur Young & Co
Ernst & Young
Touche Ross & Co
Deloitte & Touche
ACC
Andrew F. Ligget
Lincoln
Ligget
Ron Miller Chevrolet sold to Jack Matia in Elyria
Elyria Lorain County’s largest Chevrolet dealer Ron Miller Chevrolet on Route 47 has been sold to Jack Matia 35 a Lorain County native and Drake University All American who played in the NFL before an injury ended his pro career Matia will keep the Honda division and Miller stays on in ownership but no changes are announced yet Zegarac the general sales manager says new signs will go up soon and the personal atmosphere and service will be continued
MENTIONED IN THIS ARTICLE
Ron Miller Chevrolet
Jack Matia
Chevrolet/GEO
Dan Zegarac
Matia
Lorain County
Elyria Catholic
Elyria
Drake University
Iowa
NFL
Oakland Raiders
Elyria Sports Hall of Fame
Ron Miller
Huston “Biff” Prout
Zegarac
Warner-Lambert Unveils Cool Mint Listerine Mouthwash
Warner-Lambert Co introduces Cool Mint Listerine a blue mouthwash claiming better taste than the long familiar version. The product emphasizes a milder flavor while retaining the American Dental Association endorsement shared by original Listerine since 1987.
MENTIONED IN THIS ARTICLE
Warner-Lambert Co
American Dental Association
Original
Listerine
Dow Corning braces for lawsuits over breast implants
Dow Corning faces hundreds of lawsuits and possible thousands more over breast implants while protecting its silicone business in aerospace, autos and computers. It appeals a $7.3 million verdict, disputes liability, and cites $250 million in insurance. Critics warn of Chapter 11 risk, but company executives say bankruptcy is not being considered.
MENTIONED IN THIS ARTICLE
Dow Corning
Lawrence Reed
Don Corning
Kidron Livestock Consignments At Kidron Auction
Consignments listed include 785 hogs weighing 190 to 260 lbs with prices from 24.50 to 38.75 per hundred, feeder pigs, bred sows, service bears, calves and cattle figures, sheep, goats, and dairy cattle. Totals show 2,748 head across species plus 576 cows. Hay, straw, ear corn, oats and firewood also priced.
$25 Billion More Authorized for S&L Bailout
Washington AP The House Banking Committee approved extending the savings and loan bailout with an additional 25 billion dollars, keeping the Resolution Trust Corp. funded beyond April 1. Officials say the total bailout could reach 160 billion, not counting interest on borrowed funds to payout insured depositors.
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Washington
Congress
House Banking Committee
Resolution Trust Corp
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