Path: bloom-picayune.mit.edu!snorkelwacker.mit.edu!news.media.mit.edu!americast.com!usa-post Newsgroups: usa-today.law From: usa-post@AmeriCast.Com Organization: American Cybercasting Approved: usa-post@AmeriCast.com Subject: law Thu, Apr 2 1992 Date: Thu, 2 Apr 92 05:44:59 EST Message-ID: 04-02 0000 DECISIONLINE: Business Law USA TODAY Update April 2, 1992 Source: USA TODAY:Gannett National Information Network HOUSE REJECTS RTC FUNDING: The House Wednesday voted 298-125 against a measure providing the Resolution Trust Corp. enough money to continue the savings and loan bailout for six more months. The defeat of the measure, which was sought by President Bush, sent administration officials and leaders of both parties scrambling for a way to keep the RTC running. The agency's authority to spend expired Wednesday. BENEFITS PLAN UNVEILED: House Democrats Wednesday unveiled a $10 billion measure that extends benefits again for the long-term unemployed and allows more jobless people to qualify for them. It would give people who've used up their coverage an extra 13 or 20 weeks of coverage. Benefits from two similar measures enacted since November will expire by July. CATERPILLAR STRIKE INTENSIFIES: The battle between Caterpillar Inc. and United Auto Workers union members intensified Wednesday when the heavy equipment maker sent letter to its 10,800 striking workers telling them they will lose their jobs if they do not return to work Monday. The strike has gone on for six months. A statement from the company ordered workers at four Illinois plants to return to work. STRIKERS WOULD GET HIGHER WAGES: Caterpillar Inc. President Jerry Flaherty said Tuesday the firm was unilaterally implementing its final contract offer, which the union has rejected. The company, which ordered striking workers to return to their jobs said they would receive immediate pay increases, averaging 58 cents an hour. The UAW responded by ordering 1,990 more workers to walk out. TELEDYNE TO PAY $1.8 MILLION: The Department of Justice announced Wednesday that Teledyne Avionics will pay $1.8 million to settle claims it failed to disclose or pass on to the government volume discounts Teledyne had received from its suppliers for the manufacture of transmitters installed in military aircraft. Teledyne Avionics, a division of Teledyne Industries Inc., will make the payment within 24 hours. COMMITTEE TO CONSIDER PROPOSALS: Several proposals will be considered next week by the full House Interior Committee concerning coal miners' health benefits. A proposal by Rep. Nick J. Rahall, D-W.Va., would extend through 2010 the current tax paid by coal companies to provide the money to reclaim abandoned mine lands and divert some of that income to a new fund created to pay for retirees' health care benefits. ENERGY PROVISIONS PROPOSED: The House Interior Committee Wednesday proposed several new provisions for the House's energy legislation. Among them: Making mining companies responsible for any structural damage caused by the collapse of underground coal mines which makes the ground above sink; and relaxing some restrictions that now discourage coal companies from resuming operations in previously mined areas. DEAL SHOULD INCLUDE OIL: Experts said Wednesday that if a North American trade agreement that will be negotiated next week in Montreal does not include provisions giving the USA better access to Mexican oil, it will be a tough sell in Congress. The treaty currently does not mention energy. Restrictions now exist on petrochemical and petroleum refining facilities in Mexico. JUDGE RULES AGAINST JP: Chief Judge Richard C. Erwin of the U.S. District Court for the Middle District of North Carolina Tuesday ruled against Jefferson-Pilot Corp. in a proxy fraud case brought by Louise Price Parsons against JP and its officers and directors. The court said JP's 1990 proxy statement was false and misleading regarding millions of dollars of stock to be granted to JP officers and directors. SUPER FOOD FILES SUIT: Super Food Services Inc. Wednesday said it has filed a lawsuit against Albertson's Inc. in connection with the proposed purchase of Super Food's Florida Division assets by Albertson's. Super Foods seeks enforcement of a settlement agreement between the two under which Albertson's agreed to purchase substantially all of Super Food's assets at its Orlando warehouse and distribution facility. NEGLIGENCE SUIT FILED: In Fort Lauderdale, Fla., Angel Palank filed a negligence suit Wednesday against Amtrak and CSX Transportation Inc. over a July 1991 crash that killed her husband, Paul Palank. Inspectors should have noted a faulty switch that was blamed for the crash, the suit says. WORKER SENTENCED FOR PLOT: In Portland, Maine, Daren Chaney, 23, an ex-worker at Bath Iron Works, was sentenced to 27 months in jail Wednesday for a plot to extort $5 million from the shipyard. Cited: He threatened to publicize false allegations of shoddy welding. Co-conspirator Harold Anderson was convicted in 1990. Business Law Editor: Jason P. Smith. (919-855-3491) Making copies of USA TODAY Update (Copyright, 1992) for further distribution violates federal law. This article is copyright 1992 Gannett News Service. Redistribution to other sites is not permitted except by arrangement with American Cybercasting Corporation. For more information, send-email to usa@AmeriCast.COM