Caribbean Business articles from January 1991

Caribbean Business archives from January 1991

Banking on change; turmoil and transformation in Puerto Rico's banking industry. (includes related article)
January 10, 1991... Banking on change Not since the late 1970s have banks in Puerto Rico had to adjust to as many changes as they face today. The mega-merger of Banco Popular de Puerto Rico and BanPonce Corp. is but the most telling example of dramatic shifts...

K mart sues two P.R. real estate developers; chain executives claim developers broke leases for sites in Fajardo and Arecibo to make deal with Wal-Mart. (Puerto Rican)
January 10, 1991... K mart sues two P.R. real estate developers K mart Corp. filed a lawsuit with the U.S. Federal Court for the District of Puerto Rico against two shopping center developers and commercial real estate agents and two of their projects. Listed as...

Cardiolite to be produced in P.R. (Puerto Rico)
January 10, 1991... Cardiolite to be produced in P.R. Cardiolite, an innovative cardiac imaging agent used in diagnosis and evaluation of damage caused by heart attacks, received approval from the Food and Drug Administration (FDA) last week. The product will be...

South Continental buys Antilles in V.I. (South Continental Insurance Agency, US Virgin Island's Antilles Insurance Agency)
January 10, 1991... South Continental buys Antilles in V.I. Puerto Rico's South Continental Insurance Agency purchased the business portfolio of the U.S. Virgin Island's Antilles Insurance Agency, said South Continental's President Angela Weyne. The...

Mortgage bankers warn of emerging crisis.
January 10, 1991... Mortgage bankers warn of emerging crisis The Mortgage Bankers Association of Puerto Rico (MBA), citing an emerging crisis in that industry, has asked the island's financial commissioner, Jose A. Sosa, to allow local banks to invest in...

Popular, BanPonce integration under way. (Banco Popular de Puerto Rico, Banco de Ponce)
January 10, 1991... Popular, BanPonce integration under way The personnel has been oriented. The corporate logo has been changed. Now the hard work begins. Officials of Banco Popular de Puerto Rico are well along the way in the enormous task of integrating...

Zenith Labs survives bout with Chapter 11. (company profile)
January 10, 1991... Zenith Labs survives bout with Chapter 11 One year after emerging from Chapter 11 bankruptcy reorganization, Zenith Laboratories Inc., a pharmaceutical manufacturer with operations in Cidra, Puerto Rico, expects to turn a profit for 1990. ...

Jan. 14 bid deadline nears for PRTA sale. (Puerto Rico Telephone Authority)
January 10, 1991... Jan. 14 bid deadline nears for PRTA sale The committee overseeing the sale of the Puerto Rico Telephone Authority (PRTA) and its subsidiaries has set a January 14 deadline for receiving the bids from prospective buyers. According to sources,...

TLD and others form telecom consortium. (Telefonica Larga Distancia)
January 10, 1991... TLD and others form telecom consortium The president of Telefonica Larga Distancia (TLD), Fabio Garcia Matienzo, announced last week the formation of a consortium between TLD and a number of telecommunications companies for the construction...

New telecom services may threaten privacy; digitalization of switches and transmission equipment provides speed and ease but imperils confidentiality.
January 10, 1991... New telecom services may threaten privacy Puerto Rico had best get ready for a telecommunications revolution. Thanks to the digitalization of telephone switches and transmission equipment, both a Puerto Rico Telephone Company (PRTC) and...

Universal Life rises in industry ratings. (Universal Life Insurance Co.) (company profile)
January 10, 1991... Universal Life rises in industry ratings Universal Life Insurance Company has risen through the ranks of A.M. Best Company listings of Puerto Rico's accident and health insurance companies to a 3rd place in 1989 from a 7th place in 1984 when...

Four major U.S. retail chains eye P.R. (Puerto Rico)
January 10, 1991... Four major U.S. retail chains eye P.R. Despite the economic slowdown in the U.S., local uncertainty stemming from the plebiscite talks, and the effects of the Closing Law on the retail industry, Puerto Rico is still a main attraction for...

Hog breeders create organization. (Hog Breeders of Puerto Rico)
January 10, 1991... Hog breeders create organization Local hog breeders recently announced the establishment of a nonprofit corporation for the purpose of organizing educational guidelines and technical programs that will enable pig farmers to enjoy...

El Mundo expected to file for bankruptcy.
January 10, 1991... El Mundo expected to file for bankruptcy El Mundo Corp., publisher of the recently shut down newspaper El Mundo, is expected to file for bankruptcy under Chapter 11 during the coming weeks, according to attorney Pedro Vazquez, the daily's...

Management changes to occur at Channel 11.
January 10, 1991... Management changes to occur at Channel 11 New year's changes in upper management will become effective this month at Tele-once (WLII-TV and WSUR-TV) Channel 11. The television station's general manager, Hilary A. Hattler, and vice president...

P.R. farm workers' minimum wages are set. (Puerto Rico)
January 10, 1991... P.R. farm workers' minimum wages are set WASHINGTON - Minimum wages for Puerto Rico's thousands of agricultural workers have finally been set by the Department of Labor (DOL). They will range over three tiers under the special plan that...

Ponce Federal: a bank in search of itself.
January 10, 1991... Ponce Federal: a bank in search of itself Ponce Federal Bank F.S.B. is going through a time of collective soul-searching. The new management of the $1.3 billion-asset thrift is evaluating all aspects of the institution to cut any conceivable...

At the end of the rainbow: Caribbean economic integration.
January 17, 1991... At the end of the rainbow: Carribean economic integration Like a tropical storm building up force, the winds of regional economic integration have begun blowing in the Caribbean. But unlike the natural disasters that threaten the region each...

Ramada/Sands deal may be on the rocks. (Ramada International; Sands Hotel and Casino)
January 17, 1991... tiations between the owners of the Sands Hotel & Casino in Isla Verde and Ramada International were to be finalized by the end of January, sources close to the buyers have informed CARIBBEAN BUSINESS that the deal has run into difficulties and...

P.R. hotel occupancy rates decline by 25%. (Puerto Rico) (In the News)
January 17, 1991... P.R. hotel occupancy rates decline by 25% The recession on the U.S. mainland and the crisis in the Middle East are having negative repercussions on Puerto Rico's hotel industry. According to information obtained by CARIBBEAN BUSINESS,...

Defendants want K mart complaint dismissed. (K Mart Corp.) (In the News)
January 17, 1991... Defendants want K mart complaint dismissed The defendants in a recent complaint filed by K mart Corp. (See CARIBBEAN BUSINESS, Jan. 10, 1991) have requested the court to dismiss with prejudice the complaint, and that they be awarded all...

Fomento to accelerate industrial projects. (Puerto Rico Economic Development Administration) (In the News)
January 17, 1991... Fomento to accelerate industrial projects Faced with increasing difficulty in attracting new manufacturing companies to the island, the Puerto Rico Economic Development Administration (Fomento) has created a new program designed to speed up...

P.R. coffee enters European premium market. (Puerto Rico) (In the News)
January 17, 1991... P.R. coffee enters European premium market Puerto Rico's coffee made its re-entry to the European market last year, when the first shipment of Yauco Selecto premium coffee left for Spain during the last week of December. By the end of this...

P.R. surfacing as region's financial hub. (Puerto Rico; Caribbean Area) (Banking/Finance)
January 17, 1991... P.R. surfacing as region's financial hub Even as Caribbean leaders begin discussing the creation of a regional trade bloc, as indicated in this week's cover story, Puerto Rico is strengthening its position as the Caribbean's financial hub....

Sosa weighs MBA's request on 936 funds. (Puerto Rico Financial Commissioner Jose A. Sosa; Mortgage Bankers Association) (Banking/Finance)
January 17, 1991... Sosa weighs MBA's request on 936 funds Local mortgage bankers worried about an emerging crisis in conventional loans on the island are likely to be well received when they meet this week with the Commonwealth's Financial Commissioner, Jose...

Few shifts in Popular commercial division. (Banco Popular de Puerto Rico; Banco de Ponce) (Banking/Finance)
January 17, 1991... Few shifts in Popular commercial division The acquisition of Banco de Ponce by Banco Popular de Puerto Rico is transforming virtually every aspect of Popular's operations. One area that is not undergoing too much change, however, is...

Ponce Federal cuts staff, merges branches. (Ponce Federal Bank F.S.B.) (Banking/Finance)
January 17, 1991... Ponce Federal cuts staff, merges branches Ponce Federal Bank F.S.B. continued its restructuring efforts last week by announcing that it will soon cut personnel by about 10% and, effective January 31, will consolidate three branches with...

Longines expands its P.R. operations. (Longines-Wittnauer Watch Co., Westinghouse Div.; Puerto Rico) (Manufacturing)
January 17, 1991... Longines expands its P.R. operations Longines Wittnauer Watch (LWW) Westinghouse Division has completed construction of a $3.3 million manufacturing and distribution facility in Cayey, Puerto Rico to expand its watch business on the island....

Is regional economic integration possible? (Caribbean Area) (Manufacturing)
January 17, 1991... Is regional economic integration possible? Achieving regional economic cooperation in the Caribbean will be a difficult but not impossible task. The countries of the Caribbean form an arched chain divided into two major groups of some 25...

Continental completes Praico sale to Mapfre. (Continental Insurance Co.; Puerto Rican American Insurance Co.) (Insurance)
January 17, 1991... Continental completes Praico sale to Mapfre The sale of Puerto Rican American Insurance Co. (Praico), and its subsidiary companies Pan American Insurance, Preferred Risk, Security National Life and Puerto Rican Agencies was finalized last...

Continental opens offshore unit in P.R. (Continental Insurance Co.; Puerto Rico) (Insurance)
January 17, 1991... Continental opens offshore unit in P.R. While Continental Insurance Co. was selling one of its Puerto Rico operations (Puerto Rican American Insurance Co., or Praico), it was also opening another. As CARIBBEAN BUSINESS anticipated in its...

There are big plans on grill for Sizzler. (Sizzler Restaurant; Hato Rey, Puerto Rico) (Retail/Commerce)
January 17, 1991... There are big plans on grill for Sizzler Last week the U.S. Bankruptcy Court for the District of Puerto Rico approved Multiconcept Restaurants Inc.'s plans to purchase the only operating Sizzler Restaurant in Hato Rey, which has been under...

Retail giant Wal-Mart plans stores in P.R. (Puerto Rico; Wal-mart Stores Inc.) (Retail/Commerce)
January 17, 1991... Retail giant Wal-Mart plans stores in P.R. The possible entry of Wal-Mart Stores Inc. to Puerto Rico does not only mean a new addition to the highly competitive local retail market, but the entrance of the third-largest retail chain from the...

P.R. tourism continues upward swing. (Puerto Rico) (Tourism)
January 17, 1991... P.R. tourism continues upward swing Over the past five years, Puerto Rico's tourism industry has experienced its share of difficulties - from the Dupont Plaza Hotel fire to the Eastern Airlines strike to Hurricane Hugo. Yet the island has...

Pilot dispute spurs American flight cuts. (American Airlines) (Tourism)
January 17, 1991... Pilot dispute spurs American flight cuts American Airlines announced the discontinuation of its recently inaugurated service to the island of Curacao as a result of a work slowdown by the pilots. In a statement released by the airline's...

Isla Verde Holiday Inn to open next month. (Puerto Rico) (Tourism)
January 17, 1991... Isla Verde Holiday Inn to open next month The Holiday Inn in Isla Verde, now in the final stages of construction, is scheduled to open in time to take advantage of the current winter season. H.I. Development Corp., owner and operator of...

Pam Am still flying despite bankruptcy. (Tourism)
January 17, 1991... Pan Am still flying despite bankruptcy It's business as usual for Pan Am in Puerto Rico, according to Ramon Barreiro, sales manager at the local Pan Am office, despite the airline having sought protection from its creditors last week under...

New year rings in new telephone services. (Telecommunications)
January 17, 1991... New year rings in new telephone services The new year will bring a number of new services and features to telephone subscribers on the island. Most of the major long distance carriers will be bringing in products that they expect will help...

PRASA skids toward another EPA conflict. (Puerto Rico Aqueduct and Sewer Authority; Environmental Protection Agency) (Environment/Energy)
January 17, 1991... PRASA skids toward another EPA conflict The Puerto Rico Aqueduct and Sewer Authority (PRASA) may be in danger of facing another situation like that of 1985, when 93 water treatment plants were banned from new hook-ups by a federal court order...

New drive expands 3.5 disk storage capacity. (computer disk drive) (Computers)
January 17, 1991... New drive expands 3.5 disk storage capacity There's a revolutionary new disk drive being developed on the mainland that will allow the computer user to read and write data on both conventional floppy disks and super floppy disks. The new...

Microsoft unveils new version of Excel. (spreadsheet software) (Computers)
January 17, 1991... Microsoft unveils new version of Excel Microsoft Corp., one of the leading software developers in the United States, recently unveiled a new version of its Excel spreadsheet software. The Excel 3.0 version will run the spreadsheet...

Symbol Tech presents PDT 3300. (Symbol Technologies Inc.; portable data collector) (Computers)
January 17, 1991... Symbol Tech presents PDT 3300 Symbol Technologies Inc. has introduced the PDT 3300, the fourth member of Symbol's line of lightweight, 16-bit, DOS-based portable data collectors. This product line combines the flexibility of hand-held units...

Island firms recruiting despite downturn. (Puerto Rico) (Human Resources)
January 17, 1991... Island firms recruiting despite downturn Even as the recession extends its grasp and major corporations react by announcing layoffs on the U.S. mainland and in Puerto Rico, many island companies are thinking of recruiting. An informal...

Truckers outside fed drug test regs. (Puerto Rico trucking industry; United States TRansportation Department) (Human Resources)
January 17, 1991... Truckers outside fed drug test regs Island trucking companies have been spared the high cost of complying with recent federal drug testing rules. In fact, the rules do not even apply to either Puerto Rico or the Virgin Islands. "At this...

Investment banks offer expertise in securing project financing. (Sources of Financing)
January 17, 1991... Investment banks offer expertise in securing project financing What happens when a businessperson wants to expand operations or make a business acquisition but doesn't have the necessary capital? That is exactly where investment banks come...

Venture capital funds: financing "risky" business. (Sources of Financing)
January 17, 1991... Venture capital funds: financing "risky" business What if you discover a new concept that you know will revolutionize a particular industry? You would want to look for financing from some place that lends to business in which there is risk...

Commercial banks offer a complete gamut of financial services. (Puerto Rico) (Sources of Financing)
January 17, 1991... Commercial banks offer a complete gamut of financial services Whether it's for construction or for an expansion, financing can be available from Puerto Rico's 19 commercial banks. Even though most banks offer overall financial services,...

Financing: key factor in keeping private enterprises healthy. (Sources of Financing)
January 17, 1991... Financing: key factor in keeping private enterprises healthy Puerto Rico's private companies comprise an important sector of the total economy. In order to maintain their solidity and facilitate their growth, sources of financing must be...

Coupon offers are big part of Clorox ads. (liquid bleach manufacturer) (Advertising/Marketing)
January 17, 1991... Coupon offers are big part of Clorox ads Aggressive and creative coupon offers have become an integral element in the Clorox Co.'s local marketing strategy. Redemption rates for different offers during the past 10 months are between 7%...

PM&A looks toward U.S. and Latin America. (Premier Maldonaldo and Associates) (Advertising/Marketing)
January 17, 1991... PM&A looks toward U.S. and Latin America Premier Maldonado & Associates (PM&A) has great expectations for the coming years as it strives for more business in U.S. Hispanic markets and Latin America. Business abroad should generate billings...

Mitsubishi campaigns to buckle up babies. (Mitsubishi Motors; car safety for children) (Advertising/Marketing)
January 17, 1991... Mitsubishi campaigns to buckle up babies Mitsubishi Motors will launch a public relations media campaign this week titled Amarrale a la Vida desde el Primer Dia, urging parents to buckle up children since their first car trip. The $250,000...

Mazda launches ad campaign. (Mazda Motor Corp.) (Advertising/Marketing)
January 17, 1991... Mazda launches 1991 ad campaign Mazda recently brought out its new institutional campaign with a series of print ads and two 30ss television commercials. The message in them is that, thanks to the auto-maker's unique Kansei engineering...

Governor asks Bush to include P.R. in oil reserves plan. (Governor Rafael Hernandez Colon; President George Bush; Puerto Rico)
January 17, 1991... Governor asks Bush to include P.R. in oil reserves plan A recent energy-related petition transmitted by Gov. Rafael Hernandez Colon to U.S. President George Bush was part of a plan of action formulated by the Hernandez Colon administration to...

Food industry reps to discuss level of food supplies. (Puerto Rico)
January 17, 1991... Food industry reps to discuss level of food supplies Representatives of the food industry in Puerto Rico were slated to meet with officials of government agencies today, Jan. 17, in order to discuss the level of food stocks and possible...

P.R. Red Cross seeking to build up blood supplies. (Puerto Rico)
January 17, 1991... P.R. Red Cross seeking to build up blood supplies The Red Cross chapter in Puerto Rico, headed by Juan R. Colon Pagan, a physician, is making a special effort to collect blood from donors in order to build up stocks for use in the event of a...

Hernandez Colon appoints new heads of DNR and DACO. (Puerto Rico; Governor Rafael Hernandez Colon; Natural Resources Department; Consumer Affairs Department)
January 17, 1991... Hernandez Colon appoints new heads of DNR and DACO Last week, Gov. Rafael Hernandez Colon named Santos Rohena Betancourt, former president of the Environmental Quality Board (EQB), Secretary of the Natural Resources Department (DNR by its...

San Juan mayor to contract firms to collect garbage. (San Juan, Puerto Rico; Hector Luis Acevedo)
January 17, 1991... San Juan mayor to contract firms to collect garbage Private firms will be contracted for the collection of garbage at 45 public housing projects in the San Juan metropolitan area, San Juan Mayor Hector Luis Acevedo announced last week at a...

$63 earmarked for P.R. and USVI housing. (Puerto Rico; United States Virgin Islands) (Washington Dateline)
January 17, 1991... $63M earmarked for P.R. and USVI housing WASHINGTON - Nearly $63 million in housing funds has been earmarked for Puerto Rico and the U.S. Virgin Islands (USVI) in fiscal 1991 by the Farmers Home Administration (FmHA). The funds would...

P.R. colleges can bid for research grants. (Puerto Rico) (Washington Dateline)
January 17, 1991... P.R. colleges can bid for research grants WASHINGTON - Federal grants of up to $340,000 each for food and agricultural research are being made available for competitive bidding to Puerto Rico's colleges and universities. The island's...

Opportunity knocks. (Caribbean Area; economic integration) (editorial)
January 17, 1991... Opportunity knocks The economic map of the world is being redrawn. Free trade blocs are being talked about, planned or implemented in a score of places around the globe. The European common market will soon be a reality. Business and...

Initiative planned against runaway shops. (Oil, Chemical and Atomic Workers Union; nuclear power plants; Puerto Rico) (Washington Dateline)
January 24, 1991... Initiative planned against runaway shops WASHINGTON - A "landmark initiative against tax-loophole runaway shops to Puerto Rico" is planned by the Oil, Chemical and Atomic Workers Union (OCAW). The initiative targets Section 936 and "will...

Postal Service plans more pickup services. (United States Postal Service) (Washington Dateline)
January 24, 1991... Postal Service plans more pickup services WASHINGTON - The U.S. Postal Service (USPS) is getting ready to take another step toward meeting increasing competition from private delivery companies such as Federal Express and United Parcel...

Grants available for aquaculture. (Puerto Rico; United States Department of Agriculture) (Washington Dateline)
January 24, 1991... Grants available for aquaculture WASHINGTON - Federal grants of up to $80,000 each are available to the public and private sector in Puerto Rico for aquaculture research. Because of its geography and climate, aquaculture has been...

Optical disc technology surges ahead. (Computers)
January 24, 1991... Optical disc technology surges ahead Each new day, it seems, a new system or machine is being invented that claims to help increase productivity while lowering the costs of running a business. Yet, while selecting which new technology or...

New software for Unix-based computers. (Computer Associates International Inc.) (Computers)
January 24, 1991... New software for Unix-based computers There's good news for lovers of Unix operating systems and Hewlett Packard computers. Computer Associates International Inc., one of the largest computer software manufacturers on the U.S. mainland, has...

Peat Marwick ad draws many job applicants. (KPMG Peat Marwick) (Human Resources)
January 24, 1991... Peat Marwick ad draws many job applicants In his 15 years at KPMG Peat Marwick, Jose J. Gil de Lamadrid had never seen the likes of it: 300 applications in response to a company ad seeking experienced auditors. Lamadrid, partner in...

IMAGEN now only audited magazine in P.R. (Puerto Rico) (Media)
January 24, 1991... IMAGEN now only audited magazine in P.R. By action of the board of directors of the Audit Bureau of Circulations (ABC), Vea's membership in ABC was terminated as of Nov. 10, 1990. Vea's loss of ABC membership leaves IMAGEN magazine as the...

Radio stations offer innovative marketing. (Media)
January 24, 1991... Radio stations offer innovative marketing Two local radio stations with aggressive marketing ideas offer innovative options to their advertising clients that maximize exposure for both their clients and themselves. They have realized that...

Public relations now transcends publicity. (Public Relations)
January 24, 1991... Public relations now transcends publicity Public relations has transcended its publicity role and is now perceived as a problem-solver. For this reason, companies will seek out public relations firms more for consulting purposes than for any...

1990 was another year of dramatic changes in banking industry. (Puerto Rico) (1990 In Review)
January 24, 1991... 1990 was another year of dramatic changes in banking industry It was another year of dramatic changes in Puerto Rico's banking industry. The news was dominated by the merger of Banco Popular de Puerto Rico and Ban-Ponce Corp., the biggest...

Retail industry feels economic slowdown in 4th quarter of 1990. (Puerto Rico) (1990 In Review)
January 24, 1991... Retail industry feels economic slowdown in 4th quarter of 1990 After almost ten years of healthy economic growth, Puerto Rico's retail industry started to feel the symptoms of an economic slowdown during the fourth quarter of 1990. In...

Telecommunications emerges in strategic development position. (1990 In Review)
January 24, 1991... Telecommunications emerges in strategic development position Last year was one of the most active times for the telecommunications industry. Although many of the major events that occurred were surrounded by controversy, the net effect was to...

Construction began on an upswing but gradually became subdued. (Puerto Rico) (1990 In Review)
January 24, 1991... Construction began on an upswing but gradually became subdued Last year began strongly for the construction industry, mainly because of the reconstruction and repair of structures damaged by Hurricane Hugo in 1989. Throughout the year, the...

1990 was a tough year for Puerto Rico's manufacturing sector. (1990 In Review)
January 24, 1991... 1990 was a tough year for Puerto Rico's manufacturing sector Puerto Rico's manufacturing sector had a tough year in 1990. It was a year of rising costs for energy, transportation and wages and of threats to the future of Section 936 of the...

Slow pace of economic growth in '90 affected insurance sector. (Puerto Rico) (1990 In Review)
January 24, 1991... Slow pace of economic growth in '90 affected insurance sector The insurance sector in Puerto Rico had, at best, a flat year in 1990, industry experts agree, adding that the slow pace at which the economy grew, particularly in the last...

1990: best of times and worst of times for tourism industry. (Puerto Rico) (1990 In Review)
January 24, 1991... 1990: best of times and worst of times for tourism industry For the tourism industry, 1990 was a year of ups and downs that included the groundbreaking of two major resort developments and the collapse of two other important projects. In...

Shipping's early '90 gains hurt by rising costs, lower volume. (Puerto Rico) (1990 In Review)
January 24, 1991... Shipping's early '90 gains hurt by rising costs, lower volume Puerto Rico's $750 million-plus-per-year shipping industry began the year with increases in cargo movement, but volume slackened as the year progressed because of the softening of...

Advertising year highlights: management changes, new accounts. (Puerto Rico) (1990 In Review)
January 24, 1991... Advertising year highlights: management changes, new accounts Slow first quarters are not unusual for the advertising industry. And 1990 was no exception. CARIBBEAN BUSINESS's first Economic Outlook pointed out that budgets in the new...

Here are six easy lessons on how to survive recession. (editorial)
January 24, 1991... Here are six easy lessons on how to survive recession How to survive a recession, in six easy lessons: (1) Don't panic. There's nothing revolutionary or fatal about what's going on in the American economy today. We've been having...

U.S. must change to metric system soon. (National Outlook)
January 24, 1991... U.S. must change to metric system soon WASHINGTON - Although we pride ourselves on being a modern nation receptive to pragmatic progress, on some issues we cling stubbornly to the status quo. It has a lot to do with the inconvenience...

Analysts eye oil, Gulf war. (Persian Gulf War) (National Business News)
January 24, 1991... Analysts eye oil, Gulf war Some prominent analysts were saying just before the United States and its allies attacked Iraqi forces in Kuwait last week they expected oil prices to remain under $40 a barrel unless military action severely curbed...

Lying smoker's policy voided. (life insurance; cigarette smokers) (National Business News)
January 24, 1991... Lying smoker's policy voided Smokers who lie on life-insurance applications by saying they do not smoke forfeit their life-insurance coverage, a federal appeals-court in Philadelphia ruled. The decision, by the Third U.S. Circuit Court of...

Fed chairman hints worst is past. (Federal Reserve Board; Alan Greenspan) (National Business News)
January 24, 1991... Fed chairman hints worst is past The chairman of the U.S. central bank said last week it appears bankers are becoming more willing to make loans in a normal way, without the recently imposed restrictions, and suggested "the worst is behind us"...

Inflation in '90 was nine-year high. (National Business News)
January 24, 1991... Inflation in '90 was nine-year high Consumer prices increased 0.3% in December in the United States, matching the November pace, and bringing the nation's inflation rate for all of 1991 to a nine-year high of 6.1%, the U.S. Labor Department...