November 12, 1996 |
Houston-based Allright Parking Corp., the nation's largest owner and operator of parking lots, has been purchased by a team made up of financier Leon Black and real estate firm Aldrich Eastman Waltch for an undisclosed amount. . . . Dallas-based Fibreboard Corp. said its insurers--Pacific Indemnity and Continental Casualty--will pay $1 billion to partially settle asbestos claims against the company after the deadline to appeal a broader agreement expired. . . . E.
July 17, 1993 |
The New York Federal Reserve Bank on Friday appointed William McDonough as its new president, a post second only to the chairman of the Federal Reserve Board in terms of setting the nation's monetary policy. McDonough, thought of in financial circles as a moderate, will take the post Monday. He succeeds E. Gerald Corrigan, who was appointed by President Clinton earlier in the week to head the Russian-American Enterprise Fund, set up to promote private-sector development in Russia.
December 25, 1992 |
Federal Reserve policy-makers decided at a mid-November meeting to maintain a policy leaning toward lower interest rates if the economy began to sputter, according to minutes released on Thursday. Members of the Federal Open Market Committee reviewed information that "suggested that economic activity had been expanding at a moderate pace," the minutes said. At the same time, wage and price data suggested "a continuing trend toward lower inflation."
March 15, 1985
Larry Higby has been named president and chief operating officer of America's Pharmacy Inc., a newly formed subsidiary of Caremark Inc., the Newport Beach provider of intravenous nutrition that recently changed its name from Home Health Care of America Inc. Higby, 39, served as senior vice president of marketing for Pepsico Inc.'s Taco Bell subsidiary before joining Caremark.
May 22, 2002 |
Goldman Sachs Group Inc. on Tuesday tapped E. Gerald Corrigan, former president of the Federal Reserve Bank of New York, to prevent conflicts of interest by the firm's research analysts. Goldman also said it expanded its board's audit and compensation committees to "assure the integrity" of research generated by analysts at the third-largest securities firm, as ranked by capital. The steps came as Merrill Lynch & Co.