THE JOURNAL RECORD

Resource for Oklahoma that specializes in business, legislative, and legal-related information sources. It gives daily updates and opinion on real estate, energy, finance, capitol, and law.

Articles from February 18, 1998

Accountancy Board to Reconsider Controversial Rule
OKLAHOMA CITY -- A group of accountants and bookkeepers claimed a legal victory Tuesday after the Oklahoma Accountancy Board agreed to reconsider a rule that unlicensed accounting professionals said could force them out of business."We are very glad...
Barbie Takes Charge When Ken Gets Axed
For at least two young members of the echo boom generation, Americans born from 1977 to 1995, the lives of Barbie and Ken have been updated to reflect the reality of our times.Ken supervises the kids three days a week after being downsized. He also takes...
Beneficial Considers Selling Itself
WILMINGTON, Del. (Bloomberg) -- Beneficial shares rose 37 percent Tuesday after the company hired Goldman, Sachs and Merrill Lynch to explore a possible sale of the company and other options.The Wilmington-based consumer finance company rose 30 5/8 to...
Board Appointment Raises Conflict of Interest Issue
BALTIMORE -- James Riepe wears many hats. He oversees the entire mutual fund business at T. Rowe Price Associates. He's also vice chairman and a member of the firm's three-person management committee.Riepe added another duty last week when he was elected...
Business World
The cost of expatriate livingNEW YORK (AP) -- Tokyo and Osaka were the most expensive places for expatriates to live as of December, followed by Hong Kong, Moscow and Oslo, finds the Economist Intelligence Unit, a business research concern. Although...
Dow Presents Settlement Offer
DETROIT (AP) -- Hoping to emerge from bankruptcy, Dow Corning presented a $3 billion settlement offer Tuesday to 177,000 women to settle their claims that breast implants made them sick.The money, to be paid out over 16 years, would be part of the Michigan...
Dow Rises to Fifth Straight Record, Smaller Stocks Fall
NEW YORK (Bloomberg) -- U.S. bonds rose Tuesday, driving yields to two-week lows, as turmoil in Indonesia and a Federal Reserve report suggesting the U.S. economy is losing steam bolstered the allure of Treasury securities.The Asian crisis "is not over...
Health Care Conundrums
Two months ago, as I entered my 25th year as chief executive officer of a health care organization, I began to wonder in this space whether the health care system was any better off now than it was when I first entered the business.That consideration...
Health Leaders Voice Opposition against U.S. Tobacco Settlement
WASHINGTON (Bloomberg) -- U.S. public health leaders spoke out Tuesday against granting the tobacco industry many of the liability limits they would receive under a $368.5 billion national settlement now being considered by Congress.Former Surgeon General...
Hoist a Cup of Reality
NEW YORK -- There's no sense trying to throw cold water on this hot economy. It won't do much good -- merely give off a puff of steam while activity continues to percolate, as even Alan Greenspan, the Federal Reserve chief, has learned.The president...
Homeland Hires New President
OKLAHOMA CITY (JR) -- David B. Clark has been named president and CEO of Homeland Stores.Clark was executive vice president, merchandising distribution for Bruno's, a grocery chain with more than 200 stores and $2.8 billion in annual sales. He joined...
Incentive Targets Reopening State's Plugged Oilfield Units
New wells re-establishing production on units containing plugged and abandoned wells would qualify for the same severance tax exemptions available for reentering the existing well under legislation approved Tuesday by the Senate Finance Committee.Senate...
Legislature Gets Extra $20 Million
The State Equalization Board certified an additional $20 million Tuesday for appropriation by the Legislature this session, at the same time taking note of a $500,000 shortfall in the state judicial fund.The board, chaired by Gov. Frank Keating, estimated...
Liggett Gets Cold Shoulder in Tobacco Cases
ST. PAUL, Minn. -- When defense attorneys in Minnesota's tobacco trial gather to talk strategy, lawyers for the Liggett Group aren't welcome.When the tobacco attorneys head for dinner after a grinding day in court, Liggett attorneys aren't tagging along....
Mortgages
A list of mortgages filed with the Oklahoma County Clerk's office is published daily in The Journal Record. Information listed for each mortgage includes book and page numbers, names of the mortgagor and mortgagee, mortgage loan amount, property description,...
Nightingale Tracker Aids Nurses with Patient Data
The University of Oklahoma College of Nursing has incorporated into its curriculum the Nightingale Tracker, a system by Athens, Ohio-based Fitne Inc. allowing a two-way supervisory link between faculty members and students. The school is one of seven...
Norick Backs New Plan for Flow of MAPS Canal
Mayor Ron Norick expressed support Tuesday for a plan that would change the elevation of the central part of the MAPS canal, adding $1.2 million to $1.5 million to the cost of the $15.6 million project.The plan has been pushed by businessman Moshe Tal,...
Nudes and Foods
Nudes and Foods is the theme of the art exhibition opening Friday night at the 50 Penn Place Gallery. This annual show is a celebration of fine arts by Oklahoma artists who will be present for the opening reception from 6-8 p.m.The 50 Penn Place Gallery...
Ophthalmologists: Bill Could Jeopardize Eyesight of Thousands
OKLAHOMA CITY (JR) -- The Oklahoma Academy of Ophthalmology says a bill a passed by a Senate committee could seriously jeopardize the quality of eye care in Oklahoma.The bill would lower standards of quality for health care, said Jeffrey Shaver, a member...
Panel Approves Unemployment Tax Bill
A bill that would save Oklahoma employers $59.2 million in reduced taxes from next July through December 1999 was approved Tuesday by the House Commerce, Industry and Labor Committee.House Bill 2792, by Rep. Lloyd L. Fields, D-McAlester, would cut the...
Panel Backs Bills on Corporate Farming
A House committee on Tuesday endorsed a myriad of bills on corporate farming that call for everything from a moratorium to elimination of large swine and poultry operations.Many of the 10 bills passed out of the House, Environment and Natural Resources...
Panel Keeps Keating Tax Plan Alive
OKLAHOMA CITY -- Gov. Frank Keating's $1 billion tax-cut program was kept alive by a Senate committee Tuesday, but its fate remains a big question mark.Acting with the blessing of Senate President Pro Tempore Stratton Taylor, the Senate Finance Committee...
Profiting on Physical Fitness
Most economic theories inherently bestow the market advantage to profit-hungry capitalists. But in the metro fitness industry race, nonprofits provide serious competition.Only four for-profit companies ranked among the top 10 fitness centers in the 1998...
Prompt Return to Work Goal for Patients with Back Injuries
Nationally, more than 400,000 disabling back injuries occur on the job each year. Backache is the leading cause of absenteeism from the workplace and accounts for 40 percent of all workers compensation expenses. The estimated dollar value in lost wages,...
Traders Make Comparisons with Time of Desert Storm
NEW YORK -- Oil traders remember Jan. 17, 1991 -- a day crude oil prices plummeted more than $10 a barrel or almost one third their value, as U.N. forces quickly overwhelmed Iraqi troops in the Gulf War.Crude's one-day drop from $32 a barrel forced many...
Unit Reports Improved Results
TULSA (JR) -- Unit Corp. on Tuesday announced an increase in earnings for 1997 and the fourth quarter.For the quarter, net income was $3.7 million, or 15 cents per share, up from $3.6 million, or 15 cents per share, for the fourth quarter of 1996....
Warmer-Than-Normal Weather Causes Drop in Industrial Output
WASHINGTON (AP) -- The nation's industrial output was flat in January, the first time it has failed to increase since late 1996.While the Asian turmoil is expected to hit American manufacturers the hardest, the weakness in January came more from El Nino...
Warranty Deeds
A list of Warranty Deeds filed with the Oklahoma County Clerk's office is published daily in The Journal Record. Information listed for each warranty deed includes book and page numbers, the owner of the property granting the property to a new owner,...
Where Every Worker Is Ruler of the Thermostat
When economists debate how to increase workplace productivity, they discuss many factors: automation, the availability of labor, even the rise or fall of wages. Rarely, though, does anyone mention the thermostat.Yet, according to 10 years of surveys...
Will the Trademark Problems End with New Policies Kicking In?
WASHINGTON -- When Kathy Elkins was looking for coupons to save money on diapers for her growing family, she logged onto the Internet and went straight to www.huggies.com, a Web site run by Kimberly- Clark.Elkins, who lives outside Birmingham, Ala.,...