House panel rejects Bush plan to scale back deposit insurance
The House Banking subcommittee voted 18 17 to delete the administration proposal limiting federal deposit insurance to 100000 per institution plus 100000 for retirement accounts. Rep Carroll Hubbard Jr warned of depositor runs in a recession and bank failures if adopted. The panel signaled further debate before the full committee.
MENTIONED IN THIS ARTICLE
Washington
Community Bank
House Banking Subcommittee On Financial Institutions
Banking Committee
Carroll Hubbard Jr
D-Ky
Icahn weighs next move after USX exit
Carl Icahn, longtime USX shareholder and TWA owner, appears to have sold about 13.3 percent of USX stock, netting over 1 billion dollars. He had pressed for the split into USX Marathon and USX U S Steel, and management signed a standstill restricting further bids for 10 years.
MENTIONED IN THIS ARTICLE
New York
Carl] Icahn
USX Corp
Trans World Airlines
USX
Icahn
Steel and Oil Company
New York Stock Exchange
Teahn
U.S. Steel
Usx-Marathon
Usx-Us
USK U.S. Steel
TWA
Senator unveils auto mileage bill
Senator J Bennett Johnston proposes a 37 mpg fleet average by 2006 as an amendment to a broader energy bill. The plan targets higher CAFE standards, with a 20 percent rise by 1996 and 40 percent by 2001, prompting resistance from domestic and foreign automakers who warn of reduced car sizes and limited mid size and large models.
MENTIONED IN THIS ARTICLE
Washington
Senate Energy Committee
J. Bennett Johnston
D-La
Senate Commerce Committee
Richard Bryan
D-Nev
Local Incorporations Filed in Columbus by Several Firms
Secretary of State Bob Taft reports articles of incorporation filed by multiple Ohio firms including Jack's Auto Sales of Elyria Inc Elyria with Brent L English as incorporator and agent Castro Associates Inc Shef field with Wilfred Castro Sr and Jr as agents Main Man Fabricating Inc Amherst with Charles Baumgartner as incorporator and agent Dones & Torres Publishing Company Inc with Francisco Torres Ange Dones and Angel Dones as agent Franky International Latyn Productions Inc Elyria with Francisco Torres and Angel Dones as incorporators Timber Systems Inc Oberlin with Bruce B Harris as incorporator and agent Classifieds note for want ads use.
MENTIONED IN THIS ARTICLE
Columbus
Bob Taft
Jack’s Auto Sales
Elyria, Inc
Elyria
Brent L. English
Castro Associates, Inc
Sheffield
Wilfred Castro
Fabricating, Inc
Amherst
Ime
Charles Baumgartner
Dones & Torres Publishing Company, Inc
Francisco Torres
Ange Dones
Angel Dones
Franky International
Latyn Production’s Inc
Timber Systems, Inc
Oberlin
Bruce B. Harris
Limited earnings fall in first quarter reshaping division
The Limited Inc said first quarter earnings dropped 18 percent to 50.9 million from 62.3 million as it repositioned the Limited Stores division led by chairman Leslie Wexner. Howard Gross was named president and several brands moved to the Limited brand while some merchandise was canceled.
MENTIONED IN THIS ARTICLE
Columbus
The
Limited Inc
Leslie Wexner
Howard Gross
NYSE Prices Echo Grain Bids from Lorain County Coop
New York prices for the most active NYSE stocks reflect local grain bids from Lorain County Farm Bureau Cooperative Association at market close yesterday. Wheat traded at 248 per bushel, shelled corn 242, oats 125, soybeans 542.
MENTIONED IN THIS ARTICLE
New York
NYSE
Lorain County Farm Bureau Cooperative Association, Inc
Also Mentioned on This Page
Larry LaRocco
Idaho
Wil
USX Corporation
U.S
Marathon Oil Co
Ohio Edison
Chorbison
First Capital Life
California
Los Angeles
First Capital Life Insurance Co
First Capital
John Garamendi
First Capital Holdings Corp
Executive Life Insurance Co
First Executive
Executive Life
Exxon
Miami
Florida
Virginia
West Virginia
Maryland
Clam Exxon Corp
Leslie Rogers
Houston
Detroit
Chrysler Corp
Associated Press
Nike BS
Ava Ae
Pepsi
Vo Pfizer
PhilPet
Alcoa
Vo Salomn
Amrich
Sovin
Amoco
Sears
Anrich
Texaco
Boeing
Toyrus
Ava Cpc
Bala
Ae Wibfr
Chiog
Teva
Ya usShoe
Vale Camps
Uswst
Uuss xMar
Unocal
Citicorp
Disney Digital
Weyerh WinDx
duPont
Enlergy
Asia
Hanson
Ab Houtad
Kmart
Kaneb
Jardinr
Lisa Nas
LestFay
Lilly
MetLya
Mobil
Morgan
Va Motorla
NafEdu
Pierre R Smith Co
Acme Cleve
Allied Corporation
Alltel
AmerShip Building
CPC Later Inc
Emerson
First Bancorp Ey
Goodrich
Hills Dept
Invacare i
LCB Bancorp
LNB Bancorp
Vow Lescu
Nordson
Northern Savings
PNC Corp
Parker Hannifin
Smucker
Sunrise Medical
Texas Utilities
Woolworth
Mid Am Ine
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