Five top lending institutions in Minnesota agreed...
Five top lending institutions in Minnesota agreed to a 90-day moratorium on farmland mortgage foreclosures for borrowers who take part in a program aimed at working out their financial problems . . . Original Appalachian Artworks, the Cleveland, Ga.-based company that created Cabbage Patch Kids, sued Sears, Roebuck for using Cabbage Patch dolls to plug accessories for other dolls in the Sears catalogue . . . The board of Beverly-Hills based Progressive S&L; approved a definitive agreement for the previously announced sale of the thrift to Orange County real estate developer James A. Carter . . . Mexico raised the price of Isthmus crude to $28.35 from $27.50 per barrel . . . Sacramento-based Leatherby’s Marketing Inc., which issues ice cream parlor franchises in five states, filed for Chapter 11 protection.
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