San Antonio Business Journal articles from August 1990

San Antonio Business Journal archives from August 1990

Minorities to receive financing to buy thrifts. (Resolution Trust Corp. assistance, failed minority-owned savings and loan associations)
August 27, 1990... Minorities to receive financing to buy thrifts Minority investors interested in buying a failed minority-owned thrift now can get financial aid from the Resolution Trust Corp. The RTC, the federal agency created to manage, sell and...

Freaky Mule Duck gallops into stores. (Texas Mule Duck Inc.'s Texas Mule Duck character doll)
August 27, 1990... Freaky Mule Duck gallops into stores Look out Teenage Mutant Ninja Turtle. There's another freak striving to hit the big time: the Texas Mule Duck. This half-mammal, half-fowl creature is a character contrived by local entrepreneur...

Local woman to spearhead Soviet building project. (Moscow Automobile Roads Institute employes San Antonian Debbie Alves as management consultant)
August 27, 1990... Local woman to spearhead Soviet building project A San Antonio consultant will coordinate efforts to build a 4,000-room dormitory a 400-room business hotel in Moscow. The consultant also is talking to local companies for about the managing...

Corpus oil and gas investor group to move here and operate oil wells. (Corpus Christi, Texas, Berryman Energy Corp., San Antonio)
August 27, 1990... Corpus oil and gas investor group to move here and operate oil wells A Corpus Christi oil and gas investment group is relocating its operations to oil well operators in South Texas Austin Chalk properties. Berryman Energy Corp. plans to...

Construction firm wins two federal contracts amounting to $4.2 million. (North American Construction Corp.)
August 27, 1990... Construction firm wins two federal contracts amounting to $4.2 million North American Construction Corp. of San Antonio pulled prime duty with two government contracts awarded this month totaling more than $4.2 million. North American...

RTC holds conference for bidders for Suburban Savings. (Resolution Trust Corp., Suburban Savings and Loan Association)
August 27, 1990... RTC holds conference for bidders for Suburban Savings The Resolution Trust Corp. held a prebid conference for interested purchasers of insolvent Suburban Savings Association on Aug. 16, according to sources familiar with the process. ...

Asset Plus wins government contract to manage motels.
August 27, 1990... Asset Plus wins government contract to manage motels Asset Plus Corp. of Houston has been selected by the Resolution Trust Corp. to manage and lease seven Texas commercial properties, including two in San Antonio. The properties...

Sea World adds taste of Old West to park's fare. (Sea World of Texas to open Ranch House Barbecue, restaurant)
August 27, 1990... Sea World adds taste of Old West to park's fare Sea World of Texas soon will break ground on a $200,000 restaurant called the Ranch House Barbeque. Fran Kenneley, a Sea World spokeswoman, said this week that the barbecue restaurant...

Hispanic TV station KWEX hires new general manage. (KWEX, San Antonio, television, Estefano Giust)
August 27, 1990... Hispanic TV station KWEX hires new general manager Local Hispanic television station KWEX, Channel 41, has a new general manager who said his goal is to restore stability at the station after a year of management shake-ups. El Paso...

Santa Rosa adds new corporate PR director. (Santa Rosa Health Care Corp., public relations director Linda McClung)
August 27, 1990... Santa Rosa adds new corporate PR director Santa Rosa Health Care Corp., operator of four local medical facilities, recently hired a new director of corporate public relations. Linda McClung took over the duties as head of public...

Israeli firm to produce antibodies cultivated at Health Science Center. (BioMakor Inc., University of Texas. Health Science Center)
August 27, 1990... Israeli firm to produce antibodies cultivated at Health Science Center A branch of the University of Texas Health Science Center recently signed a licensing agreement with an Israeli firm, which will manufacture and market antibodies...

Investment firm files for Chapter 11. (California/Texas Investors Inc.)
August 27, 1990... Investment firm files for Chapter 11 A California-based real estate investment company has placed its local holdings under Chapter 11 reorganization, according to court documents. California/Texas Investors Inc., whose general partner...

NCNB reworks deal with feds; to earn $50 million more. (acquisition of First RepublicBank Corp., Federal Deposit Insurance Corp.)
August 27, 1990... NCNB reworks deal with feds; to earn $50 million more Though neither side will talk about it, NCNB Corp. and the Federal Deposit Insurance Corp. earlier this summer restructured the 1988 deal that allowed NCNB to take over failed First...

Firm seeks debt relief. (Brock Huffman, Chapter 11 bankruptcy)
August 27, 1990... Firm seeks debt relief The Law Offices of Brock Huffman filed for Chapter 11 bankruptcy reorganization in San Antonio on Aug. 8. Assets and liabilities of the firm are estimated between $100,000 and $499,000, according to the...

Couple claims Trinity trashed their home. (Boyd Burkholder, Cathy Spadaccini, Trinity University, industrial noise damage)
August 27, 1990... Couple claims Trinity trashed their home Boyd Burkholder and Cathy Spadaccini say that living in their $185,000 Monte Vista home just hasn't been the same since Trinity University erected an industrial-sized trash grinder and multi-storied...

Baiting sick kids. (Nathan ENT Associates opens offices in Saint Rose Plaza, San Antonio)
August 27, 1990... Baiting sick kids Two local ear, nose and throat specialists are using their offices to make it easier and less traumatic for children to go to the doctor. Drs. Marshall Nathan and Mark Hatch launched Nathan ENT Associates in Saint...

Alamo Mental Health group corners HMO market. (Alamo Mental Health Association, health maintenance organizations)
August 27, 1990... Alamo Mental Health group corners HMO market Health maintenance organization administrators are moving toward contracting with mental health care groups rather than psychologists and psychiatrists in private practice because it is easier to...

Hospital begins expansion project. (Osteopathic Medical Center of Texas, Fort Worth, Texas)
August 27, 1990... Hospital begins expansion project Work on a $5 million expansion for a Fort Worth hospital will begin this week. The construction project for the Osteopathic Medical Center of Texas starts this week with a $1.1 million expansion of the...

Ice cream trucks lick competition. (Sunbelt Distributors Inc. wins Fleet Owner, periodical, award for best designed delivery trucks) (South Texas Regional News)
August 27, 1990... Ice cream trucks lick competition Houston-based Sunbelt Distributors Inc., distributor of frozen food products to San Antonio, Austin, Houston and Dallas/Fort Worth, just won an award for the best color-designed motor vehicle in the country...

Austin firm lands GSA contract. (Austin, Texas, Dell Computer Corp., General Services Administration) (South Texas Regional News)
August 27, 1990... Austin firm lands GSA contract Dell Computer Corp., an Austin firm that designs and manufactures personal computers, was placed on the preferred vendor list of the General Services Administration (GSA) on Aug. 13. Effective through...

Frio County oil well sets record. (Frio County, Texas, International Technology and Trading Inc.'s oil well, productivity record) (South Texas Regional News)
August 27, 1990... Frio County oil well sets record The first horizontal drilling venture in South Texas by Houston-based International Technology and Trading Inc. set records for a one-day production rate on a test well. The horizontal oil well in the...

Firm moves to Austin. (International Biomedical Inc., Austin, Texas) (South Texas Regional News)
August 27, 1990... Firm moves to Austin International Biomedical Inc., a manufacturer of medical electronic instruments, moved its operations from Houston to-Austin last month after purchasing a 20,000-square-foot manufacturing facility. The company plans to...

Laredo plant to add 300 workers. (Laredo, Texas, Robertshaw Controls Co. Newstanton Div.) (South Texas Regional News)
August 27, 1990... Laredo plant to add 300 workers Robertshaw Controls Inc. of New Stanton, Pa., has started construction on a 165,000-square-foot facility near the Laredo airport for the manufacture of appliance timing devices. Robertshaw currently...

Austin firm sells hospital, offices. (Austin, Texas, Healthcare International Inc.) (South Texas Regional News)
August 27, 1990... Austin firm sells hospital, offices Hospital owner Healthcare International Inc. in Austin has sold its acute care hospital and neighboring office building in Tustin, Calif., to Concept Health Group of Seattle for $33 million. Funds...

Partnership files for reorganization. (Three Twenty Two Partnership)
August 27, 1990... Partnership files for reorganization A real estate partnership led by some of the original developers of The Dominion filed for Chapter 11 reorganization last week to prevent a local credit union from foreclosing on raw land. Three...

Conquest relocates. (Conquest Airlines moves from Beaumont, Texas to Austin, Texas)
August 27, 1990... Conquest relocates Conquest Airlines recently completed the relocation of its company headquarter from Beaumont to Austin. Conquest, founded in April 1989, began the relocation of its 50 headquarters employees to Austin in January....

Ex-fund manager signs SEC injunction. (United Service Advisors Inc.'s Carl L. Lazzell, Securities and Exchange Commission)
August 27, 1990... Ex-fund manager signs SEC injunction A former portfolio manager for United Services Advisors Inc. of San Antonio recently reached a final settlement of claims with the mutual funds advisor and the Securities and Exchange Commission for his...

La Quinta Realty Corp. (dividend)
August 27, 1990... La Quinta Realty Corp. La Quinta Realty Corp., general partner of La Quinta Motor Inns Limited Partnership, announced a cash distribution of $993,750, or 25 cents per limited partnership unit, for the quarter ended June 30, 1990. It will...

Tesoro Petroleum Corp. (dividend)
August 27, 1990... Tesoro Petroleum Corp. Tesoro Petroleum Corp. announced a regular quarterly dividend of 54 cents per share on the $2.16 cumulative convertible preferred stock, payable on Sept. 15, 1990, to shareholders of record at the close of business...

International firm seeks land for $80 million hotel. (Westin Hotels & Resorts, Accord Medical Management Ltd.'s Nix Medical Center, building, San Antonio)
August 20, 1990... International firm seeks land for $80 million hotel Sources say Westin Hotels of Seattle wants downtown Nix Medical Center property for luxury hotel Luxury hotel firm Westin Hotels & Resorts of Seattle, Wash., is negotiating for...

Credit unions grow by $140 million in first part of year. (San Antonio credit unions)
August 20, 1990... Credit unions grow by $140 million in first part of year Under the baleful eye of the bank and thrift industry, San Antonio's credit unions are continuing to experience millions of dollars in growth. Assets and deposits have skyrocketed in...

Advertising exec leads fray against state bid process. (Jim Anderson, Texas advertising contract award system)
August 20, 1990... Advertising exec leads fray against state bid process San Antonio advertising man Jim Anderson is spearheading an industry review of how the state picks advertising agencies to handle its marketing campaigns. A storm of controversy...

Ernst & Young managing partner retires; Austin partner to take over. (Harold Walker; Austin, Texas; Louis Brill)
August 20, 1990... Ernst & Young managing partner retires; Austin partner to take over Harold Walker, managing partner of San Antonio's largest accounting firm, Ernst & Young, is retiring in October, officials with the firm confirmed this week. Walker,...

Electronics manufacturer grows to $9 million in revenues this fiscal year. (Xytronics Inc.)
August 20, 1990... Electronics manufacturer grows to $9 million in revenues this fiscal year With the completion of a record $927,000 in sales for June, San Antonio's Xytronics Inc. estimates that it will complete its fiscal year in August with about $9...

Developer buys 3-acre tract once part of city controversy. (Arredondo Interests Inc., San Antonio property)
August 20, 1990... Developer buys 3-acre tract once part of city controversy A local developer will build a $1.5 million sports amusement center on a 3-acre tract on the city's West Side, ending a six-year controversy over the use and the owners of the land....

Sale of long-distance firm in 1983 spawns legal tangle in local courts. (Long Distance Services Inc.)
August 20, 1990... Sale of long-distance firm in 1983 spawns legal tangle in local courts The 1983 purchase of Long Distance Services Inc. of San Antonio by Metromedia Long Distance Inc. of New Jersey has culminated in three recent lawsuits seeking more than...

Game preserve and resort targeted for Joshua Creek Ranch in Boerne. (Boerne, Texas)
August 20, 1990... Game preserve and resort targeted for Joshua Creek Ranch in Boerne Local stockbroker Joe Kercheville is starting a game preserve and resort on his 1,000-acre Joshua Creek Ranch in Boerne. The Sept. 1 opening of the resort follows...

Gluck's publishing company moves office to NBC Plaza on Loop 410. (Jeffrey M. Gluck's Magazine Management Services Inc., NBC Plaza building, San Antonio)
August 20, 1990... Gluck's publishing company moves office to NBC Plaza on Loop 410 Magazine Management Services Inc., the local firm that publishes a San Antonio city magazine and the San Antonio Business Times, recently moved to new offices. Located...

South Side doctor sues Home Advantage over investment. (South Side San Antonio, Jose Gamboa)
August 20, 1990... South Side doctor sues Home Advantage over investment San Antonio South Side physician Jose Gamboa is taking the son of a local real estate developer to court over an investment deal allegedly gone sour. In a lawsuit filed in Bexar...

Former AF officer takes news agencies to court for alleging espionage. (Air Force, James V. Hirsch, National Broadcasting Co. Inc., Newsweek Inc.)
August 20, 1990... Former AF officer takes news agencies to court for alleging espionage A former Air Force officer once stationed in San Antonio has sued two major news organizations, alleging they damaged his reputation when they reported he was under...

Aldridge Nursery. (files for Chapter 11 bankruptcy)
August 20, 1990... Creditors force three regional firms to seek shelter of bankruptcy court Aldridge Nursery A 55-year-old local plant nursery filed Chapter 11 reorganization two weeks ago to prevent a lender's efforts to foreclose on the business....

Quest Development. (files for Chapter 11 bankruptcy)
August 20, 1990... Quest Development Quest Development Inc., a real estate firm based in San Antonio for more than 20 years, has filed for Chapter 11 reorganization, according to public documents with the U.S. Bankruptcy Court. Quest Development filed...

Waterbed Designs. (in bankruptcy lawsuit)
August 20, 1990... Waterbed Designs Four creditors of Waterbed Designs Inc. recently sought the help of the local bankruptcy court to collect some $72,000 in debt owed them by the San Antonio waterbed retailer. Woodstuff Manufacturing Inc. of Phoenix,...

They're Russian to improve their railroads. (RailTex Inc.'s Bruce Flohr investigates Soviet connections)
August 20, 1990... They're Russian to improve their railroads Bruce Flohr, the chairman of RailTex Inc. of San Antonio, returned last week from a seven-day trip to the Soviet Union, where he traveled as a guest of the Soviet Railway Ministry. RailTex is...

Ice cream wars. (Twistee Treat of Central Texas Inc. files suit)
August 20, 1990... Ice cream wars In a sour twist of events, a local ice cream franchise is suing the manufacturer of its ice cream dispensers in San Antonio federal court, alleging the dispensers were defective and caused the ultimate demise of its...

H.E.B. among grocers trying to pin down shopping habits. (H.E. Butt Grocery Co.)
August 20, 1990... H.E.B. among grocers trying to pin down shopping habits Manufacturers and grocery chains now have a tool to test the effectiveness of advertising and to monitor buying habits. The idea is used both nationally and by a San Antonio-based...

Commission slaps Mexican firms. (International Trade Commission, Cemex S.A.) (South Texas Regional News)
August 20, 1990... CEMENT DUMPING Commission slaps Mexican firms Houston cement manufacturer Southdown Inc. has won its fight against the unfair sale of Mexican-manufactured cement in the United States, including Texas. Because of the protests of...

Delaware firm constructs plant. (E.I. Dupont De Nemours & Co. Inc., hydrofluorocarbon plant, Corpus Christi, Texas) (South Texas Regional News)
August 20, 1990... E.I. DUPONT DE NEMOURS & CO. Delaware firm constructs plant E.I. Dupont De Nemours & Co. Inc. of Delaware announced plans to build its second multimillion-dollar hydrofluorocarbon production plant in Corpus Christi. Dupont...

Firm opens $82 million plant. (Fruit of the Loom Inc., Harlingen, Texas) (South Texas Regional News)
August 20, 1990... FRUIT OF THE LOOM INC. Firm opens $82 million plant Fruit of the Loom Inc. of Kentucky will open its first Texas textiles plant later this month in Harlingen. The $82 million plant initially will employ about 250 workers....

Firm builds $3.5 million offices. (Vaquillas Ranch Co. Ltd., Walker Plaza Office Building, Laredo, Texas) (South Texas Regional News)
August 20, 1990... VAQUILLAS RANCH CO. LTD. Firm builds $3.5 million offices Vaquillas Ranch Co. Ltd., a Laredo developer, soon will break ground on a five-story, $3.5 million office building for import-export businesses in the city. Called...

Trade group opens Austin office. (Japan External Trade Association, Austin, Texas) (South Texas Regional News)
August 20, 1990... JAPAN TRADE ASSOCIATION Trade group opens Austin office The Japan External Trade Association and the Texas Department of Commerce have established a trade office in the commerce department's Austin office. The primary purpose of the...

Oil and gas operators penalized. (South Texas Regional News)
August 20, 1990... RAILROAD COMMISSION Oil and gas operators penalized The Railroad Commission of Texas assessed a total of $20,000 in administrative penalties last week to four oil and gas operators for problems under commission well-plugging rules....

Stock brokers recommend Kinetic Concepts stock. (Arneson Kercheville Ehrenberg & Associates)
August 20, 1990... Stock brokers recommend Kinetic Concepts stock With the completion of its $36 million purchase of a medical equipment rental business last month, local specialty hospital bed manufacturer Kinetic Concepts Inc. has set the groundwork for...

Clear Channel Communications Inc. (earnings)
August 20, 1990... Clear Channel Communications Inc. reported gross broadcasting revenues for the quarter ending June 30, 1990, increased 34 percent to $16,578,000, compared to $12,390,00 for the same quarter in 1989. After tax cash flow for the quarter was...

Ousted city officer alleges libel in suit against Dallas firm. (San Antonio's former finance director Carl L. White, Jr., Alexander & Alexander Consulting Group Inc.)
August 10, 1990... Ousted city officer alleges libel in suit against Dallas firm The city's former finance director, ousted after he released details of a study on a controversial city contract, has filed a libel lawsuit against the firm commissioned to do...

Major investment firm opens office here. (Capital Group, San Antonio)
August 10, 1990... Major investment firm opens office here The Capital Group, a Los Angeles investment firm managing more than $45 billion in mutual and pension fund assets, sealed the deal on its plans to open a San Antonio office and bring 100 new jobs to...

Alabama firm builds $11 million office complex. (Starr Sanders Properties, South Texas Ambulatory Care Center, San Antonio, Texas)
August 10, 1990... Alabama firm builds $11 million office complex A Birmingham, Ala., developer is building an $11 million office building and surgery center near the South Texas Medical Center campus, the San Antonio Business Journal has learned. Called...

California oil and gas firm moves here to drill in Austin Chalk area. (Southwestern Petroleum Products Inc., San Antonio)
August 10, 1990... California oil and gas firm moves here to drill in Austin Chalk area A California-based oil and gas company is moving its headquarters to San Antonio to be closer to South Texas horizontal drilling ventures. Southwestern Petroleum...

Thrift regulators to close $8 million apartment sale with New York firm. (Federal Deposit Insurance Corp., Pond Apartments, San Antonio, Time Equities/Texas Inc.)
August 10, 1990... Thrift regulators to close $8 million apartment sale with New York firm Federal regulators are completing a deal to sell an $8 million apartment complex owned by a local insolvent thrift to a New York-based company, according to public...

New transportation service caught in battle with city and competitor. (Hotel Courier, San Antonio, SuperVan Inc.)
August 10, 1990... New transportation service caught in battle with city and competitor Robert Ortega slipped through the cracks in the city transportation code when he started his mini-van service recently. Now a competitor is suing him for unfair...

Antique World Mall signs lease for 40,000 square-foot location in S.A. (Antique World Malls Inc., Value Club building, San Antonio)
August 10, 1990... Antique World Mall signs lease for 40,000-square-foot location in S.A. Antique World Malls Inc., a Houston-based retail firm, plans to open its first San Antonio store at the long-vacant Value Club discount store site at Broadway Street...

Lieb/Tillman controversy focuses on bankruptcy judge. (Dwight Lieb, Paul Tillman, Leif Clark)
August 10, 1990... Lieb/Tillman controversy focuses on bankruptcy judge Chief U.S. Bankruptcy Judge Leif Clark has become the center of a courtroom drama involving a multimillion-dollar lawsuit between real estate businessman Dwight Lieb and City-Savings and...

Sunbelt Savings converts deposit management to Dallas. (Sunbelt Savings Association)
August 10, 1990... Sunbelt Savings converts deposit management to Dallas Sunbelt Savings of Dallas has cut its local work force by about 20 people to convert the management of its San Antonio deposits to Dallas. Sunbelt acquired the deposits of the...

Pro-Med Capital opens loan office.
August 10, 1990... Pro-Med Capital opens loan office Dallas' Pro-Med Capital Inc., a firm that specializes in loans to fledgling business, opened an office in San Antonio on July 5 in the Alamo Savings Tower East. Pro-Med is a $37 million publicity...

Local businessman to hawk German nutrition products. (Titan Corporation International's Bob Brincat, Tummler AG nutrition products)
August 10, 1990... Local businessman to hawk German nutrition products Local businessman Bob Brincat has teamed with an Atlanta sports medicine specialist to distribute a line of German nutrition products in the United States. Brincat, president of Titan...

DeSalme believes motor will be 'Little Engine That Can.' (American Eagle Corp.'s William DeSalme, electronic motor)
August 10, 1990... DeSalme believes motor will be `Little Engine That Can' William DeSalme believes he has found the solution to a problem plaguing mechanics for years. DeSalme, president of local electric company, American Eagle Corp., says he has...

Public offering announced for Corpus oil and gas firm. (Marine Holding Co., Corpus Christi, Texas) (South Texas Regional News)
August 10, 1990... Public offering announced for Corpus oil and gas firm Three investment firms have announced the public offering of 3 million shares of common stock of Marine Holding Co., a Corpus Christi firm that engages in the contract drilling of oil...

Part owner of Austin agency ousts its creative director. (Gold Greenlees Trott PLC, Gurasich Spence Darilek & McClure, Austin, Texas, Dave Trott) (South Texas Regional News)
August 10, 1990... Part owner of Austin agency ousts its creative director Dave Trott, 43-year-old creative director of London advertising agency Gold Greenless Trott plc, recently was ousted from the firm he helped create 10 years ago. The Gold...

Nuclear power plant boosts its electrical production. (South Texas Project Nuclear Power Plant) (South Texas Regional News)
August 10, 1990... Nuclear power plant boosts its electrical production The South Texas Project, a nuclear power plant located near the Gulf Coast community of Bay City and partly owned by the cities of San Antonio and Austin, recently revved up its...

Health Care Corp. (HealthCare Corporation of America's Jack Finger retires)
August 10, 1990... Health Care-Medicine Jack Finger has retired from Santa Rosa Health Care Corp. after a 20-year career with the firm. Finger is the former director of public relations and special events, and development consultant to management. ...

Carpet Liquidation Outlet. (names Gordon Rockett manager)
August 10, 1990... Carpet Liquidation Outlet Gordon Rockett was named manager of the new Carpet Liquidation Outlet on Fredericksburg Road. He has extensive experience in working with factory seconds

The Hunter Insurance Affiliates Inc. (earnings)
August 10, 1990... Hunter Insurance Affiliates The Hunter Insurance Affiliates Inc. operation in San Antonio has grown to $10 million gross premiums in less than one year. Hunter's San Antonio acquisitions now include BSM Insurance Inc. and The Beery Agency...

Intelogic Trace Inc. (earnings)
August 10, 1990... Intelogic Trace Inc. Intelogic Trace Inc. reported revenue for the third quarter was $37.6 million, down from $38.7 million in 1989. For the nine-month period ending April 28, 1990, revenue was $116.2 million, an increase of $8.6 million...

FDIC office to employ 600 after cutting ties to Midland. (San Antonio office of the Federal Deposit Insurance Corp., Midland, Texas office)
August 3, 1990... FDIC office to employ 600 after cutting ties to Midland The Federal Deposit Insurance Corp. will triple its San Antonio work force to 600 employees by year-end because of a flurry of bank closings in South Texas. As a result of the...

Developers to build West Side 'power center.' (Wade-Gribble Commercial Real Estate, Pavilions at Ingram Park discount shopping center, San Antonio)
August 3, 1990... Developers to build West Side `power center' Wade-Gribble Commercial Real Estate is developing its second, multimillion-dollar discount shopping complex in San Antonio. The new "power center," the nickname real estate professionals...

Harley trader wheels and deals with French importer. (Harley-Davidson motorcycles, International Trading S.A.'s Samuel Panchevre, B.V.T. Imports)
August 3, 1990... Harley trader wheels and deals with French importer For his latest business endeavor, Samuel Panchevre has adopted an unshaven look and can be found cruising the South and West sides looking for good buys. Panchevre isn't doing an...

Railtex buys 12th railroad while on fast-growth track. (25-mile Georgia railroad)
August 3, 1990... Railtex buys 12th railroad while on fast-growth track Railtex Inc. of San Antonio, the nation's largest operator of short-line railroads, recently gained approval to acquire its 12th railroad. The firm also has applications pending to bring...

For sale sign hung on Hyatt Regency. (Hyatt Regency Hotel, San Antonio)
August 3, 1990... For Sale sign hung on Hyatt Regency Two years after a multimillion-dollar renovation, downtown's Hyatt Regency Hotel is up for sale. The owners of the 632-room Hyatt Regency at 123 Losoya St., local businessman B.K. Johnson and...

Judge denies TETCO's motion to dismiss regulators' $500 million suit. (Lucius Bunton, Federal Savings and Loan Insurance Corp.)
August 3, 1990... Judge denies TETCO's motion to dismiss regulators' $500 million suit Chief U.S. District Court Judge Lucius Bunton has denied Tom Turner's motions for dismissal of a half-billion-dollar lawsuit federal regulators filed against his holding...

Local buys Denver oil and gas firm. (San Antonian Thomas McDonnell-led group, Taurus Petroleum Inc.)
August 3, 1990... Local buys Denver oil and gas firm Local oil and gas company President Thomas McDonnel has purchased a public oil company in Denver and moved its operations to San Antonio. McDonnell has been named president of the firm, Taurus...

Investors sue Kerrville firm run by head of home loan bank in Dallas. (7 Midwest investors, F.B.N. Inc., Federal Home Loan Bank, Dallas, chairman Jean Wiedenfield MacDonald)
August 3, 1990... Investors sue Kerrville firm run by head of home loan bank in Dallas A bitter legal dispute has evoked allegations of a real estate investment scheme involving the chairman of the Federal Home Loan Bank in Dallas and a Kerrville company the...

Southwest Methodist contemplates buying three MRIs for $7.5 million. (Southwest Methodist Hospital, magnetic resonance imaging machines)
August 3, 1990... Southwest Methodist contemplates buying three MRIs for $7.5 million In the next couple of years, Southwest Methodist Hospital plans to buy three new magnetic resonance imaging machines, for a total cost of about $7.5 million. Methodist...

Auction owner folds company after alleged embezzlement. (Big State Auto Auction's Bob Reed)
August 3, 1990... Auction owner folds company after alleged embezzlement Despite earning $68,000 on about $10 million in sales in 1989, Big State Auto Auction on I-35 in Schertz has gone out of business and is on the verge of filing Chapter 7 liquidation...

Republic Insurance Group settles lawsuit with local agency. (Lone Star Insurance Agency, San Antonio)
August 3, 1990... Republic Insurance Group settles lawsuit with local agency Republic Insurance Group of Dallas has settled a lawsuit with one of more than 200 unprofitable agencies that the insurer closed last month in Texas. Last month, Republic...