Big S and L audit firm settlement cited by regulators
Regulators announce a 400 million settlement with Ernst & Young over audits of four major failed savings and loan institutions including Lincoln Savings and Silverado, saying the deal could curb abuses that spurred the vast government bailouts. EY neither admits nor denies wrongdoing.
MENTIONED IN THIS ARTICLE
Washington
Ernst & Young
Federal Deposit Insurance Corp
Office of Thrift Supervision
Resolution Trust Corp
S&ls
Ray J. Groves
Hopkins warns of heavy Thanksgiving traffic at Hopkins
The city Department of Port Control urged travelers to allow extra time at Hopkins International Airport for Thanksgiving. Up to 34 000 passengers are expected Sunday, with 286 daily departures to 51 nonstop locations. Police will strictly enforce parking rules and travelers are advised to use taxis or transit, arrive 90 minutes early, and heed Route 237 construction and parking guidance.
MENTIONED IN THIS ARTICLE
Hopkins International
City Department of Port Control
Hopkins
KNEB
Hopkins Information Center
Airlines trim fares in major routes across the U S
America West to cut fares by about 30 percent for travel between Dec 7 and Feb 4, with American United Northwest and USAir matching the discounts in most competing markets. Delta will monitor and stay competitive. TWA did not respond. Nonrefundable tickets require 14 days advance purchase and are valid in about 475 of America West’s 1000 markets.
MENTIONED IN THIS ARTICLE
New York
America
uSunaCedal
American
United
Northwest
Usair
America West
Delta Air Lines
TWA
Westinghouse to liquidate credit division and four businesses
Westinghouse Electric Corp. will liquidate its troubled credit unit and sell four peripheral ventures including Kinolll office furniture distribution and control unit. The cuts reduce fourth quarter after tax earnings by 1.13 billion and lower the annual dividend from 72 to 40 cents. Wall Street welcomed the plan as stock rose to 12.12 on the NYSE while the firm refocuses on electronic, environmental, and power systems plus transport temperature control and broadcasting units.
MENTIONED IN THIS ARTICLE
Pittsburgh
Westinghouse Electric Corp
Westinghouse
New York Stock Exchange
Wall Street
Westing
Westinghouse Electric Supply Co
Westinghouse Communities
Paul
Lego
Creston Livestock Auction Report Totals 907 Head Consigned
Creston sale notes 907 head with 357 consignors. Hay and straw loads plus first cut hay 75 to 115.50. Cattle and calves prices range from 40 to 76 for steers and cows 42 to 57. Sheep sow boars and feeders listed with multiple price points.
Metal closing prices on Comex and Merc
New York prices show gold 334.40 per troy ounce and silver 3.743 per troy ounce on Comex while platinum 357.60 and palladium 95.50 per ounce closed on the Merc. Spot nonferrous metals list aluminum 53.2 cents per pound copper 9540 cents per 2 pounds lead 32 cents zinc 51-54 cents tin 3.7621 per pound. mercury 205 to 210 per 76 pounds.
MENTIONED IN THIS ARTICLE
New York
Comex
Also Mentioned on This Page
S&l
Congress
Lincoln Savings & Loan Co
Irvine
Calif
Silverado Banking, Savings and Loan of
Denver
Vernon Savings and Loan
Vernon, Texas
Western Savings Association of
Phoenix
Ariz
Lincoln Savings
Ing
Bush
Neil
GE Aerospace
East Windsor
N.J
Martin Marietta
Ally
Sassie
ROYAL
Cleveland Street
Elyria
Myria
Lorain
Westinghouse Corp
Nesses — Electronic Systems
GTE Mobilnet
Mobbilnet Cellular Communications
Commmunics
Hiram
Avon
Fabia
Clever
Creston Livestock
Creston
Oryx Nova
NYSE
PacTel
Panec
Pfizer Pepsie
PhilAar
Pittstn PhilPet
Sears
Boeing
Bowal
Taubmni
Britaur
Uss
Unocal
Diva ValMer
Ye WalMed
Wetcom N
Wendys
Cooper
Cad
AIM
Dlebold
Disney S
Wianbg
Oressr
Pierre R. Smith
Exxon
Gannett
Genel
Gmes
GaGulf
Gillete
JohnJn
Élgy
Uy McDould
Monsen la
Norwat
Acme Cleve
Allied Corporation
Alltel
Ats AmerSiup Building Terror
IBM CoBancorp Inc
CPC Inter. Inc
Emerson
AD First Bancorp Aich
Hills Dept. Invacare
Lesco Inc
LNB Bancorp Mid-Am. Inc
Nordson
Ohio Northern Savings Now
P.nc Corp
Parker Hanmfin
Smuckers/SJMA
Sunrise
Wess PU
Teohn
General Tire
Aaa
Arert
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