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BUSINESS
July 13, 1989 | From Associated Press
Spanish securities regulators are investigating a unit of the U.S. brokerage firm Drexel Burnham Lambert Inc. over allegations that it misrepresented itself in the stock sale of the petroleum giant Repsol SA, a report published Wednesday said. The newspaper El Pais quoted unnamed sources from the National Securities Commission as alleging that last spring Drexel sold Repsol shares intended for small investors to a few large private institutions.
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NEWS
December 5, 1992 | WILLIAM D. MONTALBANO, TIMES STAFF WRITER
The fire went out aboard the hulk of a Greek oil tanker at the northern port of La Coruna on Friday. But in the acrid aftermath two key questions nagged an angry, alarmed Spain: Why did the tanker Aegean Sea run aground? How badly is its spilled cargo fouling the sea in an area of rich marine and wildlife? The government blamed the tanker captain and the harbor pilot for the accident, while environmentalists braced for the worst.
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NEWS
December 5, 1992 | WILLIAM D. MONTALBANO, TIMES STAFF WRITER
The fire went out aboard the hulk of a Greek oil tanker at the northern port of La Coruna on Friday. But in the acrid aftermath two key questions nagged an angry, alarmed Spain: Why did the tanker Aegean Sea run aground? How badly is its spilled cargo fouling the sea in an area of rich marine and wildlife? The government blamed the tanker captain and the harbor pilot for the accident, while environmentalists braced for the worst.
NEWS
December 4, 1992 | From Associated Press
A tanker crashed onto rocks outside a fog-shrouded harbor entrance Thursday, breaking apart in heavy seas and spilling millions of gallons of crude oil that threatened the area's rich fishing grounds. Hundreds of people fled their homes after an explosion tore the stern loose and set off an inferno only a few yards offshore five hours after the ship ran aground. All 29 crew members were rescued from the Greek ship, officials said.
NEWS
December 4, 1992 | From Associated Press
A tanker crashed onto rocks outside a fog-shrouded harbor entrance Thursday, breaking apart in heavy seas and spilling millions of gallons of crude oil that threatened the area's rich fishing grounds. Hundreds of people fled their homes after an explosion tore the stern loose and set off an inferno only a few yards offshore five hours after the ship ran aground. All 29 crew members were rescued from the Greek ship, officials said.
BUSINESS
November 2, 1989 | From Times wire services
Spain's new watchdog securities body recommended today that the Madrid branch of U.S. brokerage house Drexel Burnham Lambert Inc. be fined 65 million pesetas ($555,000) for alleged stock trading malpractice. The National Securities Market commission said it had decided to propose the sanction--five times the gross profits obtained from Drexel's intervention in the sale of a state oil company--to the Ministry of Economy.
BUSINESS
July 18, 1989 | From Associated Press
Drexel Burnham Lambert Inc. closed its office in Spain on Monday after determining it had improperly sold to private institutions shares in a large European oil company that were intended for individual investors. Drexel said it shut the office independently of an investigation by Spanish officials into the stock sales during a partial privatization of Repsol SA earlier this year.
BUSINESS
June 6, 1990 | From Times Wire Services
Drexel Burnham Lambert Group Inc. will present creditors today with a reorganizAtion plan that will pay them one dollar for every dollar owed, a newspaper reported. The proposal is expected to be announced this afternoon at a meeting between the creditors and Drexel's law firm, Weil, Gotshal & Manges, The New York Times said in an early edition of today's paper. Bankruptcy advisers put the meetings among the most significant to date. They are to include A.
BUSINESS
July 13, 1989 | From Associated Press
Spanish securities regulators are investigating a unit of the U.S. brokerage firm Drexel Burnham Lambert Inc. over allegations that it misrepresented itself in the stock sale of the petroleum giant Repsol SA, a report published Wednesday said. The newspaper El Pais quoted unnamed sources from the National Securities Commission as alleging that last spring Drexel sold Repsol shares intended for small investors to a few large private institutions.
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