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August 19, 1988 | ROBERT A. ROSENBLATT, Times Staff Writer
With major financial help from outside the thrift industry, the Federal Home Loan Bank Board said Thursday that it has approved the acquisition of 12 failing Texas savings and loan associations by a diversified steel and high-technology firm. The complex rescue package, expected to cost the nation's S&L insurance fund $1.3 billion over 10 years, was a major boost for the bank board's high-priority effort to rebuild the crippled thrift industry in Texas.
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BUSINESS
August 19, 1988 | ROBERT A. ROSENBLATT, Times Staff Writer
With major financial help from outside the thrift industry, the Federal Home Loan Bank Board said Thursday that it has approved the acquisition of 12 failing Texas savings and loan associations by a diversified steel and high-technology firm. The complex rescue package, expected to cost the nation's S&L insurance fund $1.3 billion over 10 years, was a major boost for the bank board's high-priority effort to rebuild the crippled thrift industry in Texas.
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BUSINESS
June 26, 1987 | Associated Press
Allegheny International Inc. said Monday it will sell its John Zink Co. subsidiary to an affiliate of Lone Star Technologies Inc. of Dallas and its Bra-Con Industries Inc. subsidiary to Dollar Corp. of Troy, Mich. Allegheny International declined to disclose the terms of either deal. John Zink, based in Tulsa, Okla., is an engineering and manufacturing firm that supplies combustion technology products and energy recovery equipment and services.
BUSINESS
August 28, 2007 | From the Associated Press
pittsburgh -- United States Steel Corp. is buying Canadian steel maker Stelco Inc. for about $1.1 billion in a move expected to bolster the American company's position as a supplier to the North American automotive industry. Pittsburgh-based U.S. Steel said Stelco's Lake Erie and Hamilton plants would supply finishing facilities for flat-rolled steel -- used in the auto and appliance industries -- and tubular steel used mostly in the energy sector. With the acquisition, U.S.
BUSINESS
September 21, 2000
Beginning Monday, the New York Stock Exchange will add the 57 securities listed below to its decimal-pricing pilot program, which marks the beginning of the end of fractional pricing of U.S. stocks. The pilot program began Aug. 28 with seven stocks, including Gateway Inc. (ticker symbolGTW), FedEx Corp. (FDX) and Hughes Supply (HUG). Starting Monday, investors looking to buy or sell the securities listed below will no longer have to enter prices in minimum fractions of 1/16th of a dollar (6.
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