S&L Crisis Hits Colorado Springs Homes and Prices
In Colorado Springs the savings and loan crisis worsens an already weak economy. Three S&Ls failed this year, 2200 single-family homes are for sale, and repossessed properties sit with government agencies. Local banks note tighter lending and higher mortgage hurdles, while buyers face appraisals out of reach and extended timelines.
MENTIONED IN THIS ARTICLE
S&ls
Pike’s Peak Association of Realtors
Barron
S&l
Chiff Snyder
Resolution Trust Corp
Colorado Springs
Weight Watchers wins suit over Stouffer Lean Cuisine ads
In New York federal court Weight Watchers International and Stouffer Foods Corp settled an advertising ethics dispute. The judge’s Aug 31 ruling limits use of 1987 1988 ads and allows 1989 versions with calorie and portion disclosures to fit Weight Watchers program. Nestle and Food Ways National cited as parents and distributors.
MENTIONED IN THIS ARTICLE
New York
U.S
Weight Watchers International
H.J. Heinz Co
Stouffer Foods Corp
Stouffer
Weight Watchers
Michael B. Mukasey
Mary Pilla
Pilla
Toyota plans second US plant site within two months
Toyota Motor Corp seeks a second US vehicle assembly plant with an announcement expected in 30 to 60 days. It already runs plants in Georgetown Kentucky and Fremont California with NUMMI and Cambridge Ontario, aiming to reach 1.5 million US sales by the mid 1990s.
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Dallas
Detroit
Toyota Motor Corp
Japan
Georgetown
General Motors Corp
United Motor Manufacturing Inc
Fremont
Calif
San Francisco
Toyota
John McCandless
California
Gary Convis
NUMMI
Stocks Rise as Major Firms Behind Market Move
The day saw gains across several firms including Nordsen Northern Savings Ohio Edison PNC Corp Parker Hannifin Smucker Sunrise Medical Texas Duliies TRY with Woolworth leading the Mid AM index. Investors tracked strong signals from large cap names and sector leaders amid cautious trading.
MENTIONED IN THIS ARTICLE
W Nordsen Northern Savings Ohio Edison
PNC Corp
Parker Hannifin Smucker
Sunrise Medical
Texas Duliies Try
Woolworth
Mid-Am
Heavy Rains Flood Ridgeville Prompt Minor Flooding
Heavy rains in a Northeastern county caused minor flooding in Ridgeville as 2.35 inches fell over seven hours from 2 to 9 am, according to National Weather Service observer Ray Diederich.
MENTIONED IN THIS ARTICLE
North Ridgeville
Ray Diederich
National Weather Service
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