Texaco came under increasing financial pressure on Friday as Standard & Poor's sharply downgraded the rating on the oil company's debt.
Patrick D.
Efforts began Friday to protect the depositors and creditors of Community Savings & Loan, a Washington-area thrift, and investor-participants in the limited partnership program of Community's subsidiary, Equity Programs Investment Corp.
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The business manager and confidante of the owner of a failed Santa Ana savings and loan has been sued by federal regulators who allege she defrauded the institution of more than $21 million and caused its collapse last month.
The Fullerton-based firm agreed to sell, for an undisclosed price, a major portion of the current loan servicing portfolio of its subsidiary, MountainWest Savings & Loan, to Valley Mortgage, both headquartered in Salt Lake City.
Buffeted by previously announced heavy losses in its consumer credit sector, Home Federal Savings & Loan Assn. reported a 91% drop in earnings to $1.4 million in the third quarter ended Sept. 30.
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Nonprofit organizations seeking to aid in the preservation of the Santa Monica Mountains and the Rim of the Valley Trail Corridor may apply for grants from the Santa Monica Mountains Conservancy.
An explosion believed to have been caused by a bomb damaged a supermarket in an affluent white suburb of Johannesburg on Wednesday.
William A.
State funds are available for nonprofit groups to create new recreational and educational programs in the Santa Monica Mountains, according to Anton Calleia, Santa Monica Mountains Conservancy chairman.
Arkansas' second-largest savings and loan association, FirstSouth, was closed today by federal regulators, who said the closure was the biggest such action ever handled by the Federal Savings and Loan Insurance Corp.
Police put dissident leader Kim Dae Jung and eight supporters under house arrest Tuesday, one day before a planned rally to protest the alleged torture of government opponents, Kim's aides said.