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Thousand Oaks Star from Thousand Oaks, California • 27

Location:
Thousand Oaks, California
Issue Date:
Page:
27
Extracted Article Text (OCR)

a a 1 11 not 1 Fri- size. AlntGr BellSo Amoco ColgP BoiseC Anheus CocaCl Borden ConEd ColGas to Chrysir Boeings Inland and mid-August. late coastal. June Needs June. 55 for 57 34 19 28 591 141- 1 3 1 GM ITT GTE IBM Dresr Deere duPnt INCO Eaton Digital Exxon GenEl Grace Greyh Litton Disney GMotr Fintste GaPac Gillete FordM Gdrich FrotMc GnDyn IdealB IntPap Halbtn JRiver IdahoP GenCrp GnMills HeciaM Gannett Goodyr DowChs HewlPk Honwell mart Cp wi fruit.

1 of 45 66 32 33 42 37 80 511 433- a 451. 158. 5 of VA 3 3 a red deep with rose. NIL NCR Olin MDU LaPac Vigorous, LnStar Loews outer MartM Nrwst Lockhd McKes Pfizer Nortrp grandiflora Nynex PacGE McDnD Navistr PacTel MonPw PacEnt Monsan Pacifop PhilMr PanAm PhelpD OcciPet PhilPet Primca Penney Potitch PortGC ProctG PugetP PSvCol OutbdM PepsiCo PopeTal Polaroid blooms is large, Tea. lavender.

petals This bushy with with lightly of bright Fragrant bicolor. pure and Profuse bright of 22 Large. and 405 2114 221 6258 1231-1 fragrant in scarlet profuse rose- glossy 1 double 1 white flowers. color foliage. of UAL SaraL Sears fragrant SCEcp ScottP UCarb Teldyn UnPac Unisys Texinst Texaco coral- Tennco UnElec Unocal Transm UBrand WUnion USWest rose Tea of Cp 23 30 117 3 NEWS Oaks, January 5, 1990 BUSINESS From Our News Services BRIEFS FUTURES GROUP RESTRICTS TRADING WASHINGTON The Commodity Futures Trading Commission decided to consider placing some restrictions on the controversial practice of dual trading.

The five-member CFTC voted unanimously Thursday to take the first step in what may be a long journey toward limiting futures brokers from trading for themselves as well as their customers. Under the decision, a proposed rule that would phase in some limits on dual trading over a 12-month period will be submitted for public comment. STOCK PRICES LOSE GROUND THURSDAY Stock prices lost ground Thursday amid increasing doubts about the staying power of the rally that greeted the start of 1990. The Dow Jones average of 30 industrials dropped 13.65 points to 2,796.08. A group of European central banks launched a surprise attack on the dollar that sent the U.S.

currency tumbling around the world. Gold prices were mixed. Bond prices were unchanged to marginally higher. DREXEL BURNHAM PAYS SECURITIES FINES CHICAGO Drexel Burnham Lambert Inc. paid $1.3 million fine to the state of Illinois for securities fraud, an administrative penalty stemming from highly publicized Wall Street corruption case.

The negotiated settlement is the biggest such penalty for securities law violations in the state's history, Secretary of State Jim Edgar said Thursday. The settlement also exceeds by nearly $1 million the highest penalty collected by any of the 36 other states with which the brokerage has reached agreements. MGM BUYS MARINA HOTEL AND CASINO LAS VEGAS MGM Grand Inc. in Beverly Hills announced Thursday the completion of its acquisition of the Marina Hotel and Casino in Las Vegas for $80 million. The Marina, along with the Tropicana Golf Course, will become the site of the new MGM Grand Hotel and Theme Park.

JUNK BOND BUYERS SAW RED IN 1989 NEW YORK Investors who gambled on junk bond mutual funds saw red in 1989, but those sticking with biotechnology companies or fast-growing businesses stood above the heap, according to a tally of the best- and worst- performing mutual funds. The Alger Small Capital fund scored last year's biggest gain, 65.08 percent, through a strategy of picking small companies that showed potential for rapid growth, Lipper Analytical Services Inc. reported Thursday. U.S. INVESTORS BATTLING BOND CORP.

MELBOURNE, Australia Alan Bond's struggle for corporate survival edged closer to collapse as U.S. investors joined the battle against Bond Corp. Holdings Ltd. and an Australian Supreme Court said it would rule on a government request to liquidate the company's assets. A ruling in favor of the State Government Insurance Commission, which asked the court to appoint a provisional liquidator, would topple Bond's media, brewing, natural resources and real estate empire.

Bond Corp. has asked the court to dismiss the commission's petition. FISHER-PRICE NAMES TWO EXECUTIVES Fisher-Price, the troubled toy division of the Quaker Oats Company, named two executives Thursday to take over the duties of its president, R. Bruce Sampsell, who resigned to become vice chairman and chief operating officer of the First Empire State a banking company in Buffalo. In what a Quaker Oats spokesman, Ronald G.

Bottrell, described as "the strangest coincidence you could possibly imagine," the two executives being promoted are Paul E. Price and David B. Fisher. NEW PRESIDENT IS CHOSEN AT LANE BRYANT Nido Turpin was named president this week of Lane Cheryl Bryant, the 720-store division of the Limited Inc. PACBELL TO ELIMINATE 11,000 JOBS SAN FRANCISCO Some 11,000 jobs at Pacific Bell will be eliminated during the next five years, largely through attrition and an early retirement plan, officials announced Thursday.

About 7,600 non-salaried jobs and 3,400 management positions will be cut. The job cuts represents a 16 percent reduction of PacBell's work force. STOCKBROKER BRAINARD DEAD AT 99 WEST HARTFORD, Conn. Ernest T. Brainard, who was called the nation's oldest active stockbroker by former President Reagan, died Wednesday at age 99.

Brainard began work as a stockbroker after World War I. He started a brokerage, Brainard Judd. NISSAN BEGINS AFFIRMATIVE CARSON Nissan Motor which paid more than $600,000 last year to settle federal sex and racial bias complaints, is launching an affirmative action program, President Kazutoshi Hagiwara told Nissan Motor's 2,300 employees nationwide in a Jan. 2 letter that the affirmative action plan begun at the company's headquarters here and 11 regional sales and distribution offices was part of "strategy to increase our corporate citizenship activities." The plan is designed to improve the company's "overall utilization of minorities. STOCKS selected prices: CtData Quantm Exchange Stock Last Chg DanaCp Questar AMR 59 RaisPur ReyMtl Albtsn 44 Rockwl Alcan AldSgnl RoyID Alcoa McDni SaftKin Amax duPont AmHes SFePCp ACyan EKodak Merck AEIPw 32 MMM AHome Mobil SierPac Amrtch FMC SouthCo By GERALD EVANS GM Hughes 25 SwBell Assistant Manager Great West.

Syntex Grumman Dean Witter Reynolds, TRW NtSemi Thousand Oaks Hol. Inns Tektrnx Armco Home Fed. Hsid trading Atlas The Dow Jones stood at HOHI 2,796.93 at HI Avon today, up .85. Thursday's HF Textron BakrHu BnkAm close was 2,796.08, down Marriott Timken BellAti 13.65. Northrop 18 Phillips TriCon RBI not trading Trinova Stocks Last Chg Raytheon SPC USX BrMySq Semtech 181 Ahm.

BritPt Sizzler Allied Browk Toor Am Air BuriNth Tand. Amgn CascNG Teradyne Apple Texas Air CastiCk Hmstke Bish Caterp Toyota 121 UAL Chmpin Carl 162 CHH 67 Varian UTX Chevrn CF WarnrL Val Fed. Delta Wendy's 1-32 Dataprod WstgE Whittaker Delux Check Weyerh Elsinore 1 Comsat Wolwth FRX NEW YORK (AP) Xerox ZenithE FSB day's noon New York Stock Contel Campeau defaults on loan; surrenders stock By New York Times News Service Robert Campeau, the Canadian developer who borrowed heavily to buy two big American retailers and then brought them into severe financial straits, surrendered about $100 million worth of his own stock in his company Thursday to the National Bank of Canada when he defaulted on a loan to two of his private investment companies. The default comes at a time when another, much larger default on a loan to the two retail subsidiaries was delayed two weeks by Citibank N.A. and a group of other banks.

The two units, Federated Department Stores and Allied Stores, own nine American chains including the Campeau crown jewel, the 17-store Bloomingdale's chain, which has already been put up for sale to raise cash. Thursday's default adds to the uncertainty of the situation, which seems to hold out the MARTYR OF THE DRUG WARS Steven Bauer portrays a dedicated federal agent in NBC's "Drug Wars: The Camarena Story." Next week's cover story in TV UPDATE. Watch for These Advertiser's in Next Weeks TV Update: THE CARBURETOR SHOP CONEJO TRANSMISSION RENDEZVOUS RESTAURANT OAK TREE WEST MILANO II WEST CASA REA RESTAURANT FABRIZIO VILLAGE BAYOU EDOKKO JAPANESE RESTAURANT HOLIDAY INN OF THOUSAND OAKS EGGS'CETERA TUSCANY IL RISTORANTE possibility of bankruptcy for the that country's sixth-largest bank, Campeau Capital also a retail subsidiaries or the sale of said Thursday that it had taken private investment concern additional stores beyond possession 29 percent stake owned by Campeau. Bloomingdale's. in Campeau making it one A bank spokesman said in The default also reduces of the largest holders.

Toronto that Campeau was Campeau's holdings in his The securities included notified late Wednesday that the publicly traded flagship common shares and convertible bank had put the loan in default. company, Campeau to less debentures held as collateral for The 66-year-old Campeau was than 50 percent of both the a loan to Campeau's two not available for comment in his common and the convertible companies. Toronto offices Thursday. stock. The 13.03 million common In over-the-counter trading in And it gives him even less of a shares and the $60.43 million New York Thursday, Campeau decision-making role in the principal amount of 7.5 percent stock fell 25 cents, to $3 a share.

he founded than he convertible subordinated The shares had traded as high company had in September. debentures were held by the as $18.625 in September, before Then, he relinquished a bank in the case loan Campeau disclosed its liquidity portion of his equity to Olympia default. problems. York Developments and The loan, estimated in Campeau reportedly still owns agreed to give up his Canadian banking circles at about 24 million common shares, management role in the about $200 million in U.S. worth about $75 million, and American retailers in return for currency, was made to 752090 about 7.5 percent of the a $250 million loan from the Ontario a private convertible preferred stock, Canadian development concern.

investment company held by which can be converted into The National Bank of Canada, Campeau, and to Robert common on a one-for-one basis. Fruit Trees Know The And so does Nurseryland. The soil and climate where you live is our concern. The Nurseryland nearest you specializes in the fruit trees that produce in abundance. "With all we know, it has to Non-Patent Roses Fruit Trees Queen Elizabeth Medium pink Apples dark.

Bewitched A Beverly Hills Medium Hvbnid Ripens Fragrant Cloud Abundant. San Diego Red (Adena) dark glossy foliage. Ripens September. Olceberg flower. pollinator bloomer.

Peaches Snowfire Red white Hybrid Striking Babcock Sweet. juicy. medium-size fruit. Rinenis DAngel Face flowers late August mid-September. bloomer.

DEarly Amber Earliest set Blaze climbing fruiting Apricots peach- carly May. How Fruits. to Grow Nuts Pkg. Selection Reg. may 4.99.

vary by store. 4.29 Berrics early DRoval Ripens July. And More Roses Gold Kist Best Graceland Deep yellow Hybrid Tea. warm Winter climates. 1989 Rose the Year.

Ripens late May-early Sunset Books Tournament of 1989. Roses All-American with Plums Rose Selection. Deep coral center soft pink. Green Gage Small-medium greenish-yellow in Julv. Intrigue Unique plum and deep Pkg.

New Year vigorous Orange grandiflora with Regs. to 12.99 subtle, sweet fragrance. Ripens Ripens mid-June. Rosa 10.99 irresistable fragrance. Honor A white satiny bloom profusely all kinds weather.

a Selection may vary by location Delight Magnificent Hybrid enjoy fruit trees. STARTING AT Information on how to select. plant and 6.95 Sunset's Fruits, Nuts Berries Book Tea and Selection many white may more. tinged vary Pkg. by cherry Patent.

location. red. 3.99 Winter Lawn Care Garden Flowers Clip Save Coupon NOW LEASING WESTLAKE VILLAGE DELUXE GARDEN OFFICE SUITES WATER VIEWS SF SUITES a IN 81,000 SF BLDG. FLEXIBLE LEASE TERMS ON-SITE (818) 706-8838 BROKERS WELCOME Stopper Lawn Food pot. Snapdragons Reg.

1.194 Bandini Crabgrass Stock Pansies FREE! crabgrass in your lawn time to prevent, Packaged (next Summer is too late). wishes you provides a cool season STOPPER CRABGRASS New Year Prevents crabgrass and Bandini Nurseryland with a FREE a all lawns. LAWN POCO PETERS Rosy Packaged Rose 12 lb. Reg. 14.99 value) with this coupon.

fertilizing on Perma-Gro Peters supplies last. (2.99 12.88 All 20-20-20. purpose Professional Th. formula. Plant Food 4.99 One While coupon per customer.

Prices Good Through Monday, January 8, 1990 THOUSAND OAKS Store Hours (805)497-9223 8 am 6 7 days a week Blvd 147 W. Thousand Oaks Blvd. (101 Next to Oaks Mall Sale Merchandise Limited Nureryland Califomia Association To Stock On Hand Nurseryland Of Nurserymen all we know, it has to grow".

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About Thousand Oaks Star Archive

Pages Available:
506,676
Years Available:
1964-2001