Milken sentence delay hinges on potential Rosenthal testimony
U.S. District Judge Kimba M. Wood delayed ruling on Milken's prison term until May amid possible testimony in the Alan Rosenthal case. Milken's lawyers cite extensive cooperation and reform efforts at the Pleasanton prison, including tutoring, puzzles, and a Scrabble tournament, as grounds for sentence reduction. Rosenthal, Drexel Burnham Lambert’s former convertible-bond chief, faces 11 counts of securities fraud and embezzlement with trial slated to begin May 18.
MENTIONED IN THIS ARTICLE
Milken
Alan E. Rosenthal
Drexel Burnham Lambert
Rosenthal
Drexel
Banks lure corporate travelers with gold cards replacing Amex
Phillips Petroleum dumped American Express after nine years in favor of Visa for its 5,000 corporate cardholders. Banks such as First Bank System push gold cards with travel perks to win upscale clients, while Amex faces declines in outstanding cards and volume as Visa and MasterCard gain. AT&T also tests a no-fee Visa card, pressuring Amex and rivals.
MENTIONED IN THIS ARTICLE
Los Angeles Times
Phillips Petroleum
American Express
Visa
Southwest
Phillips
Procter & Gamble
MasterCard
Los Angeles
Jack Small
Small
Phillips, Pillsbury
Fred O. Gumbel
Bank
At&t
Nissan names Yoshifumi Tsuji new president
Tokyo Yoshifumi Tsuji, a 64-year-old former production engineer, is named the new president of Nissan Motor Co. He faces a rough road ahead solving internal problems and reducing trade frictions with the United States. He will take over in June from Yutaka Kume, who becomes chairman as Takashi Ishihara retires.
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Tokyo
Yoshifumi Tsuji
Nissan Motor Co
United States
Nissan
Tsuji
Yutaka Kume
Takashi Ishihara
Kume
AT&T and unions open talks on new labor pact
Washington AP reports unions CWA and IBEW begin negotiations with AT&T as both sides argue over workforce cuts. Labor leaders say AT&T has shrunk union jobs since Bell System breakup, with 133,000 union roles cut in eight years and 25,000 in 1989. AT&T cites 4,000 to 6,000 more cuts possible through next year. Demonstrations are planned across multiple cities as talks start.
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Washington
American Telephone and Telegraph
Bell System
Morton Bahr
CWA
At&t
Morristown
N.J
Richmond
Pittsburgh
Atlanta
Dayton
Ohio
Lansing
Mich
Orlando
Dallas
San Antonio
Denver
San Francisco
Low Demand Keeps Gas Prices Steady Across Nation
The Lundberg Survey of 13,000 service stations reports the average gasoline price at all grades including taxes stood at $1.1718 per gallon on Friday, down two tenths of a cent from March 13. Industry analyst Trilby Lundberg said wholesale prices rose slightly, but retailers held prices due to weak consumer demand.
MENTIONED IN THIS ARTICLE
Los Angeles
Lundberg
Trilby Lundberg
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Chicago Tribune
New York US
Kimba M. Wood
Michael R. Milken
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Calif
Jerry DeVine
Columbus
DeVine
First Bank System of
Minneapolis
Roger H. Ballou
Merck
NEW York
NYSE
Mobil
Het Morgan
Icbx Ij
NtSemi
Owen
PepBoy
Amoco
Pepsic
Archon
BeltSo
Royld
Saatch
Boeing
Ye Borden
Fae
Sfepc Oe
Saraleé Ta
Schimb
Sears
CIGNA
SmiBeq
EbMe
Vicarth
Sothbys Eo
Texaco
Chiguta
Vicirek
Citicorp
Warnac
E DataGn
Digital
Sala Sa Issa
Exxon
Pierre R Smith
GenElan
Ma Allied Corporation
Alltel
Glaxos
AmerShip Buding
Glenfed
Ve. Centenor
GlobMwy Ae
CPC Inter. Inc
GSU Emerson
Tatssa Halbin
Furst Bancorp
Hanson
Goodrich
Heinz
Hewiler
Bf Bom
Ma Invacare Hamen
Housiat
LB Bancorp
Imcera
LNB Bancorp
InspRs
Va Leaco Inc
Vilnterc
Mid-Am. Inc
OMI Games
Nordson
JohnJjn
Northern Savings Show
Kmart
Ohio Edison
P.N.C. Corp. Kclypl
Kaufbh
Parker Hanmfin
Korea
Abe
Wa Smuckers
SJMA
Lawlas
I Sunrise Medical
City
Texas Utilities
MCR
Communications Workers of America
International Brotherhood of Electrical Workers
Tions
William Ketchum
Theundentatchree de Songs Ci Operaors TM Andchus
Ketchum
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Lee Wyey
Apple
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Chronicle-Telegram
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