JUNK BONDS TO JAIL
Financier Charles Keating Jr., who cost investors $250 million when his Lincoln Savings & Loan Association in Irvine, Calif., collapsed, was sentenced last week to 10 years in prison and fined $250,000. "Charles Keating did not steal a loaf of bread," said Harriet Chappuise, one of the elderly people who lost money in the failure. "He stole the bread out of the mouths of thousands of old people."
American Airlines announced that it would overhaul its pricing structure and cut fares as much as 50%. By creating four basic fare categories -- first class, 21-day...