December 31, 1997 |
The world's oldest financial exchange, the Belgian bourse of Antwerp, ended five centuries of trading as it closed its doors in preparation for its merger Friday with the Brussels bourse. "Antwerp has had its day; we could no longer have two bourses in Belgium," Antwerp bourse Chairman Marc Corluy said. With a last bout of trading and glasses of champagne, Antwerp's brokers bid farewell to the bourse that served as a model for the Amsterdam and London exchanges that eventually outstripped it.
January 13, 1998 |
Peregrine Investments Holdings Ltd., one of Asia's largest investment banks, locked its doors Monday, the biggest casualty yet of the financial crisis sweeping the region. Most of Peregrine's staff in Hong Kong cleared their desks late Sunday, and a spokesman said the firm took steps late Monday to file for liquidation. The troubles at Peregrine, which has about 1,700 employees worldwide, shook Hong Kong financial markets and helped trigger an 8.7% decline in the benchmark Hang Seng index.
CALIFORNIA | LOCAL
August 12, 1996 |
When her newborn was diagnosed with Down Syndrome three years ago, Tiffany Nurminen became depressed, overwhelmed and scared. Rather than greeting the birth with joy, people behaved as if Erik had died. Through a haze of tears and confusion, the 23-year-old first-time mother turned to an unusual resource in Orange County: the Intervention Center for Early Childhood.
April 11, 1994 |
RTC to Pay Golden State Federal Savings Bank Depositors: The Resolution Trust Corp. said it will immediately begin paying off the insured deposits of customers at tiny Golden State in Sherman Oaks because no suitable bids to take it over were received from potential buyers. The thrift has about 200 accounts worth a combined $3.6 million. Regulators also said Golden State Fed was officially shut down Friday, and that the closure will ultimately cost taxpayers about $1.7 million.
CALIFORNIA | LOCAL
October 16, 1992 |
The city of Santa Clarita on Thursday ordered an immediate shutdown of Hasa Chemical Co. in Saugus, contending that the firm poses a public safety hazard, city officials said. The company, which manufactures chlorine, does not comply with city chemical storage regulations, City Manager George Caravalho said, adding that both the city and the Los Angeles County Fire Department have ordered compliance for several years.
April 11, 1992 |
Standard Brands to Close 6 Stores: Torrance-based Standard Brands Paint Co. announced plans to close six unprofitable retail paint stores as part of its strategic repositioning. Targeted are five stores in Southern California including Corona, Cypress, Fullerton, Norwalk and Simi Valley, and one in Phoenix. The outlets will close Sunday. Richard H. Loeffler, president of Standard Brands, said, "Most of the . . . personnel employed in these stores will be transferred to other . . .