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BUSINESS
December 27, 1995 | From Associated Press
Federal regulators filed charges Tuesday against Maxxam Inc., the predecessor and chairman of which were part-owners of the failed United Savings of Texas. The U.S. Office of Thrift Supervision filed the charges in Washington, D.C., against the Houston-based aluminum, forest products and real estate company, Chairman Charles E. Hurwitz and other parties that it said contributed to the thrift's failure in 1988. The demise cost taxpayers more than $1.6 billion, the agency says.
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BUSINESS
December 28, 1995 | SCOT J. PALTROW, TIMES STAFF WRITER
California State University Chancellor Barry Munitz said Wednesday that he faces no personal financial risk in a lawsuit filed this week by federal regulators, which seeks more than $100 million in damages in connection with the failure of a Texas savings and loan. The suit, by the federal Office of Thrift Supervision, accuses Munitz, Maxxam Corp.
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BUSINESS
December 28, 1995 | SCOT J. PALTROW, TIMES STAFF WRITER
California State University Chancellor Barry Munitz said Wednesday that he faces no personal financial risk in a lawsuit filed this week by federal regulators, which seeks more than $100 million in damages in connection with the failure of a Texas savings and loan. The suit, by the federal Office of Thrift Supervision, accuses Munitz, Maxxam Corp.
BUSINESS
December 27, 1995 | From Associated Press
Federal regulators filed charges Tuesday against Maxxam Inc., the predecessor and chairman of which were part-owners of the failed United Savings of Texas. The U.S. Office of Thrift Supervision filed the charges in Washington, D.C., against the Houston-based aluminum, forest products and real estate company, Chairman Charles E. Hurwitz and other parties that it said contributed to the thrift's failure in 1988. The demise cost taxpayers more than $1.6 billion, the agency says.
CALIFORNIA | LOCAL
November 21, 2008 | TIMES STAFF AND WIRE REPORTS
Boris Fyodorov, 50, a reformist financier who helped bring the Russian economy out of the post-Soviet chaos, has died, his company said in a statement. Russian television said he suffered a heart attack in London three weeks ago and died in a clinic there. Born in Moscow in 1958, Fyodorov was among the economists who fostered reforms in Russia before and after the 1991 collapse of the Soviet Union. He also founded one of the country's largest investment banks, United Financial Group.
BUSINESS
August 19, 1990 | MICHAEL PARRISH, TIMES STAFF WRITER
On a May evening in Houston, a mock logger with a real chain saw dismembered a hunk of redwood at the 50th birthday banquet of financier Charles E. Hurwitz. Just a poke in the ribs, Texas-style, for Western environmentalists' most hated foe. Over the decades in Northwest timber country, there have been many objects of environmentalists' scorn.
NEWS
February 6, 1999 | ROBYN DIXON, TIMES STAFF WRITER
Russia's lower house of parliament passed a federal budget Friday that calls for minuscule spending, by U.S. standards, but nonetheless left international lenders cold. The budget provides stark testimony on how far the former superpower has fallen in its difficult transition to a market economy. This year's $1.7-trillion U.S. budget dwarfs Russia's planned spending--$25 billion. That means massive Russia intends to spend in a year what the United States will spend in about five days.
NEWS
November 17, 1998 | MAURA REYNOLDS, TIMES STAFF WRITER
It's open season on Russian banks. A government-imposed moratorium intended to protect Russian banks from their foreign creditors ended Monday. From now on, they must either pay their debts or be forced into bankruptcy. The expiration of the deadline is a turning point in Russia's financial crisis. In the coming weeks and months, Central Bank officials say, about half of the country's 1,500 banks may collapse.
WORLD
March 10, 2004 | David Holley and Maggie Farley, Times Staff Writers
President Vladimir V. Putin named his United Nations envoy as Russia's new foreign minister Tuesday in a preelection Cabinet reorganization that slashed the number of ministries but kept key market-oriented reformers in their posts. U.N. Ambassador Sergei V. Lavrov replaced Igor S. Ivanov, who was named head of Russia's Security Council, seen as a less influential position.
WORLD
November 15, 2003 | Kim Murphy, Times Staff Writer
In the elegant hall of chandeliers and columns where Josef Stalin's body once lay in state, President Vladimir V. Putin on Friday met with many of Russia's most powerful businessmen, attempting to calm fears that the federal investigation of oil giant Yukos will mean a return to the era of a state-managed economy.
WORLD
March 2, 2004 | Kim Murphy, Times Staff Writer
In a move widely seen as a gesture to the West, Russian President Vladimir V. Putin on Monday nominated European Union representative Mikhail Fradkov as prime minister. The appointment, expected to win easy confirmation by the parliament this week, marked Putin's attempt to signal his course for the coming four years before the March 14 presidential election.
BUSINESS
July 25, 2005 | Arkady Ostrovsky, Financial Times
A fine view of Russia's political and economic landscape opens up from the office of Irina Gofman, the chief executive of Rambler, one of Russia's largest Internet companies. Her office at the top of a converted factory overlooks a dilapidated industrial plant, one of many that fell into disrepair after the collapse of the Soviet Union.
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