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Resolution Trust Corp U S

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NEWS
March 27, 1994 | WILLIAM J. EATON, TIMES STAFF WRITER
The White House on Saturday defended two top aides to President Clinton who reportedly had asked whether a prominent Republican lawyer could be removed from an investigation of civil claims arising from the failure of a Whitewater-related savings and loan in Arkansas. Lloyd N. Cutler, special White House counsel, downplayed the episode, saying in a statement released Saturday that "it was perfectly natural that White House officials would be surprised" by the Resolution Trust Corp.'
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NEWS
March 27, 1994 | WILLIAM J. EATON, TIMES STAFF WRITER
The White House on Saturday defended two top aides to President Clinton who reportedly had asked whether a prominent Republican lawyer could be removed from an investigation of civil claims arising from the failure of a Whitewater-related savings and loan in Arkansas. Lloyd N. Cutler, special White House counsel, downplayed the episode, saying in a statement released Saturday that "it was perfectly natural that White House officials would be surprised" by the Resolution Trust Corp.'
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BUSINESS
December 13, 1990 | MICHAEL CIEPLY, TIMES STAFF WRITER
MGM-Pathe Communications Co., in a surprise announcement, said Wednesday that it will be a month late in paying interest on some $400 million in bonds because it lacks funds. The film and television studio said it couldn't make the Dec. 15 interest payment, estimated at about $25 million, because of "employee termination costs and higher than anticipated . . . payables" in its MGM/UA unit. But MGM-Pathe--formed only six weeks ago when Pathe Communications Corp. bought MGM/UA Communications Co.
BUSINESS
October 2, 1990 | GREG JOHNSON, TIMES STAFF WRITER
Ignoring protests by the Internal Revenue Service and the federal Resolution Trust Corp., a U.S. bankruptcy judge has approved a reorganization plan submitted by Imperial Corp. of America, the former parent company of Imperial Savings of America. Under the plan approved late Friday, ICA's disposable assets are being held in a trust that also is operating ICA's only remaining businesses, an insurance company and a data processing unit in San Diego.
BUSINESS
April 11, 1990 | From Times Wire Services
Stock prices ended mixed in moderate, quiet trading Tuesday after overcoming earlier losses. The Dow Jones index of 30 industrials rose 9.01 to 2,731.08. Declining issues barely nudged out advancing ones in nationwide trading of New York Stock Exchange-listed stocks, with 723 up, 740 down and 511 unchanged. Volume on the floor of the Big Board came to 136.02 million shares, up from 114.97 million in Monday's session.
BUSINESS
July 17, 1992 | JAMES M. GOMEZ, TIMES STAFF WRITER
For years, Hungarian immigrant Adam Jerney has been under the tutelage of his mentor, Milan Panic, who gave up his position as head of ICN Pharmaceuticals Inc. earlier this month to become prime minister of his native Yugoslavia. Now it appears that Jerney, 49, one of two top candidates considered to succeed Panic as head of the $1.1-billion drug conglomerate, may have followed in Panic's rather large footsteps too closely.
BUSINESS
August 18, 1992 | JAMES F. PELTZ, TIMES STAFF WRITER
The self-storage business, by most accounts, is doing nicely these days. Demand for mini-warehouse space is gradually rising, and the average facility is 80% to 90% full. Rental prices also are edging higher. The market is strengthening because few new self-storage sites are being built. Banks and other lenders, burned lately by commercial loans that went sour, are particularly reluctant to finance self-storage facilities, of which there are already more than 20,000 nationwide.
BUSINESS
July 1, 1990 | JAMES S. GRANELLI, TIMES STAFF WRITER
Those familiar with Charter Savings Bank--from local builders to state officials--were surprised when federal regulators said recently that they had asked the U.S. Justice Department to investigate the possibility of criminal wrongdoing at the Newport Beach thrift. It turns out that some savings and loan regulators were surprised they said it too.
NEWS
June 28, 1991 | TOM FURLONG, TIMES STAFF WRITER
Elston Howard--a slender shipyard welder named for the former New York Yankee catcher--hardly knows what the Resolution Trust Corporation is. Yet he is clearly one of its victims. After drawn-out talks last year, Howard and his pregnant wife abandoned an effort to buy a modest suburban house of their dreams--with fireplace and two-car garage--that was under RTC control. A bureaucratic misunderstanding wrecked the deal. "We really wanted that house," Howard said softly, more in sorrow than anger.
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