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About The Battalion. (College Station, Tex.) 1893-current | View Entire Issue (Feb. 13, 1987)
Page 8/The Battalion/Friday, February 13, 1987 ar in’s ISfal Restaurant Lounge 1 2005 Texas Ave. S. Across From The Water I ower 693-4699 * FOR * » FORMATS BIRTHDAYS ANNIVERSARIES VALENTINE S DAY Dinner Specials Daily Happy Hour 4-7 Free Hors d’oeuvre Oilman drops Waldo bid for stock, sells shares DALLAS (AP) — Amarillo oilman T. Boone Pickens Jr., whose part nership has sold its stock in Di amond Shamrock Corp., won’t say whether he will try another takeover after the company completes its re structuring. Lucky Partners, headed by Pick ens and Alabama businessman John Harbert III, sold its 5 million shares in the company Wednesday, two by Kevin Thome: days after the Dallas-base ing a bid to control energy company. Warped by Scott McCulla ARE YOU A CLOSET COMPOSER?? Then come out and audition for the MSCOPAS Stark Series Composer's Spotlight! [Auditions - Feb 14- Performance-Feb 26- |For more info,call 260-1600 They held nearly 5 percent of the company’s outstanding shares. The stock sold Wednesday for $14.50 a share. The sale made Diamond Sham rock shares the most actively traded on Wall Street, with about 10 million shares changing hands, reportedly spurred by advice from investment analysts who think the price of a re structured Diamond Shamrock could rise as high as $20 a share. Pickens and Harbert originally bought the stock for $12.80 a share, not including expenses incurred in a costly takeover battle. U.S. comptroller closes 2 Texas banks state failures number seven for year > WASHINGTON (AP) — The U.S. comptroller of the currency Thursday ordered two Texas banks closed, the sixth and seventh banks to be closed in the state this year. The Federal Deposit Insurance Corp. was named as receiver for the Security National Bank of Midland and the Federated National Bank of Universal City. Alan Whitney, an FDIC spokes man, said the FDIC will pay off de positors of the Federated National Bank because no bids were received for the institution. In 1986, there were a record 26 banks closed in Texas. Bill Olcheski, another FDIC spokesman, said the agency was try ing to arrange a transaction with an other financial institution for Secu rity National Bank and expected an announcement late Friday. Olcheski said the bank had total assets of $7.8 million and $7.7 mil lion in 2,000 deposit accounts. “If a deposit assumption or in sured deposit transfer cannot be ac complished, the FDIC will act as quickly as possible to pay depositors’ claims,” Olcheski said. The bank was ordered to close at 3 p.m. Thursday, Olcheski said. An hour later, the comptroller’s office declared Federated National Bank insolvent, Frank Vance, a spokesman for the agency, said. Whitney said Federated National had deposits of about $11.4 million in 1,400 accounts, including about $127,000 in five accounts that ex ceeded the federally insured limit of $100,000. Owners of the five accounts will ie pr of tl liquidation of the bank’s assets Whitney said payoffs to dtp tors will begin “as soon as possibit Vance said Federatea NatE Bank was chartered June 14,1^ and on Dec. 31, 1986 had assets; about $13.6 million and deposits $ 12.4 million. Between Sept. 30, 1984andStjt 30, 1985, the bank’s assets f from $4.6 million toover$22rc lion, in part from the purchast large brokered deposits, he said Border weight-loss clinics may close U.S warns of ‘risky’ Mexican diets MEXICO CITY (AP) — The federal Health Department cautioned against “highly risky” diet schemes, but a spokesman said Thursday he could not confirm reports that weight-loss clinics in border cities would be closed down. A detailed statement on a new diet treatment causing health worries in the United States re ferred to the proliferation of clinics in some bor der cities and in Mexico City offering treatments for obesity. It said that in those clinics, “doctors with few scruples prescribe authorized medications, but in schemes that mix some with others, in very high doses and that produce adverse effects. “We wish to inform the public and profes sional doctors that these schemes for treatment are risky and that they should not use such mech anisms to reduce weight.” But spokesman Alfredo Vargas said “it has not been possible to confirm” reports from U.S. offi cials that the Mexican government was shutting down or scaling back clinics in the border cities of Ciudad Juarez and Nuevo Laredo. The statement said Mexican policies for medi cations “obey the only interest of taking care of and improving the health of the population.” It also noted that Mexican policies “could vary with some other countries, such as those of the Urtited States, but Mexico follows in a concerted way the policies of the World Health Organization in this respect.” U.S. Food and Drug Administration spokes man Donald Healton said Wednesday in Dallas that Mexican authorities had revised an earlier report to say that the clinics in the two cities had been shut down briefly because of health worries but then allowed to reopen. “Now they are under severe restriction,” Heal ton said. “Each one is limited to 10 to iSpatki per week and may only issue up to60prescr: tions per week for the so-called diet produe And when they do issue one, the Mexicanhtat department has to get a copy of it.” The U.S. Customs Service also has ordered border checkpoints to stop anybody crossing the United States carrying the diet pill Redo; — which the FDA considers dangerous-U ' confiscate the drug. The Health Department’s statement said dotex is a controlled drug. “Only one medical prescription can be issa£ only one time,” the statement said. “The pit scriplion must be kept by the pharmacy pharmacy violates the regulations, the Hei" Department closes that establishment.” Valentine's Day Flowers DISCOUNT $25 per dozen roses $15 per dozen carnations Mudd Lott Parking 300 Nagle 8 am-4 pm Thurs., Fri., & Sat. $2 OFF per dozen with this ad E— FUND RAISER FOR EDDIE RODRIQUEZ 1987 BLACK & WHITE BALL UGLY KING CANDIDATE Saturday, February 14, 1987 2:00 - 5:00 P.M. At ROCCO’S 509 University Drive College Station, Texas COMPLIMENTARY POOD & DRINKS S 10.00 DONAT® PER PERSON] Special * Sandpiper Seafood Relives The Prohibition Application deadline extended to February 14- Get Your Applications Nouj! IE Dinner for 2 Shrimp cocktail Sandpiper salad Baked stuffed Florida Lobster or Prime Rib of Beef Baked Potato w/Vegetable Baked Alaska Coffee, Tea or Sanka $25 per couple tax &) Gratuity excluded College Station Hilton 801 University Dr. East/693-7500 GUADALAJARA SUMMER SCHOOL University of Arizona offers more than 40 courses: anthropology, art, art history, bilin gual education, folk music and folk dance, history, journalism, po litical science, Spanish language and literature and intensive Spanish Six-week session June 29-August7,198? Fully accredited pro gram. Tuition $480 Room and board in Mexican home $520. EEO/AA Write Guadalajara Summer School Education Bldg., I University of Arizona Tucson. AZ 85721 (602) 621-4729 or 621-4720