Keating Five split on events in Senate ethics probe
Five senators facing Senate Ethics Committee questioning offer differing versions of their dealings with Lincoln Savings owner Charles H. Keating Jr. The probe centers on a 1987 meeting with regulator Edwin Gray and alleged pressure to ease rules. McCain aides described a dressing down, while DeConcini and others contest joint claims. The case ties to a $2 billion taxpayer cost to back deposits and more than $1.3 million in Keating campaign contributions.
MENTIONED IN THIS ARTICLE
Washington
Senate Ethics Committee
Savings and Loan
Charles H. Keating Jr
Keating Five
Edwin Gray
S&l
Keating
Lincoln Savings and Loan Association
Robert S. Bennett
Arizona
John McCain
McCain
Dennis DeConcini
Donald W. Riegle Jr
D-Mich
Senate Banking Committee
John Glenn
Ohio
Alan Cranston
Calif
Gwendolyn van Paass
DeConcini
Gray
Riegle
Ms. van Paasschen
Hiegle
Cranston
Glenn
Chris Roch
Koch
Milken receives 10-year prison term in securities case
Michael Milken, 44, is sentenced by Judge Kimba Wood to 10 years in prison for securities and tax offenses, plus 3 years probation and 1,800 hours annually of community service. The case marks a culminating moment in Wall Street scandals emanating from the 1980s takeover boom.
MENTIONED IN THIS ARTICLE
New York
Michael Milken
Wall Street
Milken
U.S
Kimbo Wand Nen
Wood
Kimba Wood
New York University
Harry
Boesky
Drexel
Milken pleads guilty to securities and tax violations
The statement asks for a chance to rebuild after admitting guilt in stock manipulation and phony transactions. Wood delayed sentencing from Oct 1 for a government hearing on additional charges beyond Milken’s guilty plea.
MENTIONED IN THIS ARTICLE
Wood
Milken
Boesky
Union wants right to match USX offers in steel talks
The United Steelworkers union seeks the right to match any bid USX Corp. receives if it sells its steel unit. The 18,000 member union wants details on long term plans and fears speculative buyers. Icahn pressures for restructuring while talks resume after a failed deadline.
MENTIONED IN THIS ARTICLE
Pittsburgh
USX Corp
United Steelworkers Union
USW
Andrew V
Lefty
Palm
Carl C. Icahn
USX
Icahn
Charles A. Corry
Weirton Steel Corp
West Virginia
National Steel
Northwestern Steel and Wire
Sterling, Ill
Republic Engineered Steels
Massillon
Ohio
GM recalls 520000 cars over faulty brake light switch
General Motors recalls about 520000 1989 90 cars including Pontiac Grand Prix Oldsmobile Cutlass Supreme Buick Regal and Chevrolet Lumina due to a brake light switch defect that can also prevent cruise control from turning off. Dealers will inspect and replace the switch for free and GM notes 10 accidents since 1989 with four minor injuries. No fatalities reported.
MENTIONED IN THIS ARTICLE
Detroit
General Motors Corp
David Sloan
Sloan
Tokyo stocks fall as dollar slips against yen
Tokyo's stock market extended losses with the Nikkei down 888.49 points to 22,816.99 as thin trading and end-month position adjustments weighed on buyers. The dollar closed at 127.68 yen, down 1.25 from Tuesday, while bond yields eased slightly on firmer Tokyo demand.
MENTIONED IN THIS ARTICLE
TOKYO
Tokyo Stock Exchange
Also Mentioned on This Page
Ing Keating
Ing
American Continental Corp
Charlie Keating
Gwendolyn van Paasschen
Plato Cacheris
Capitol Hill
John Doud
Thomas Green
Donald Riegle
Bulletin
Ivan Boesky
Encino
Drexel Burnham Lambert Inc
Union
Seles
Alcan
al? & Bu
At&t
Amoco
Ys Barnett
Va Baxter
TéMerio Va
Bickhr
Cricarp
Desotn Ap
Disney
duPonts
Exxon
Hanson Te
Hewick
Maxus
Yo Mobil
Morgan
Va Matorla
Blin
NiSemt
Pat Norwst
Parcom
Penney
PhilaEl
ABU Ag
PhilPet Iy
Sfer N .Obe Royld
SaraLs
Va SchrPls
Schimb
Ia Sears
Sysco
Texaco
United S
Venstn
Wendys
Weis wilCorn Eo
Pierre R. Seth Co
Acme Cleve
Allied Corporation Alltel
AmerShop Building
Centenor
CPC Inter. Inc
Emerson
First Bancorp
Good
Mutual
Dreyfus
Fidelity-Puritan
John Hancock
Mit
Templeton
World
Vanguard
Wellington
Osamu Yamazaki
New Japan Securities Co
Japan
Middle East
Akihiko Kagawa
Bank of Tokyo
Kagawa
Mutuals
Pee Pala As
GoldStar
Bosid
Cenarisin
ROYAL
Zea S
Eyria
Lorain
Cleveland Streat
Elyria
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