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 July 24, 2002

AT&T Records $12.7 Billion Loss
NEW YORK (AP) -- AT&T posted a $12.7 billion loss for the second quarter as a better-than-expected operating profit was erased by a huge drop in the market value of cable TV businesses bought for top dollar during the technology bubble. The net loss,...
Candidates Discuss Business Issues
Besides the high cost of workers compensation and other insurance, the most-voiced citizen complaint is that private business and government are not run the same, according to Republican gubernatorial hopeful Steve Largent."One day when I was walking...
Commentary: The Monopoly' of Local Hospitals
I try not to be stupid. And I know there are certain things one must avoid doing in order to remain in the "unstupid" camp.In the words of singer-songwriter Jim Croce, "You don't spit in the wind, you don't tug on Superman's cape and you don't mess around...
Demographic Trends Suggest No End in Sight for Hospital Nursing Shortage
The shortage of registered nurses in hospitals is expected to continue based on demographic trends, according to the Oklahoma State University Center for Health Sciences Center for Health Policy Research report, "Nursing in Oklahoma -- RN Hospital Workforce...
Dow Drops a Fourth Session
NEW YORK (AP) -- Wall Street staggered through another volatile session Tuesday, with the Dow Jones industrials bouncing between gains and losses before surrendering in late afternoon and closing with their fourth straight loss. Tech stocks suffered...
Duke Energy Reports 13% Jump in Profits
CHARLOTTE, N.C (AP) -- Duke Energy, warning investors that its 2002 profits would be near the bottom of its previous outlook, reported Tuesday that its second quarter profits were up 13 percent.The Charlotte-based energy company, which has seen its shares...
Gubernatorial Candidates Speak at Manufacturers' Forum
Besides the high cost of workers compensation and other insurance, the most-voiced citizen complaint is that private business and government are not run the same, according to Republican gubernatorial hopeful Steve Largent."One day when I was walking...
Insurance Commissioner Candidate Seeks Ballot Reinstatement
Patrick Gaines, one of two candidates stricken from the ballot for state insurance commissioner, asked the Oklahoma Supreme Court Tuesday to reinstate him as a Republican contender in that race. A hearing has been set for 4 p.m. today before a Supreme...
Integris Unit, OMRF Team Up for Hepatitis Research
The Integris Nazih Zuhdi Transplant Institute at Baptist Medical Center has joined forces with the Oklahoma Medical Research Foundation to conduct genetic research that could dramatically impact the treatment of hepatitis C."We can fight this devastating...
Integris Unit, OMRF Team Up for Hepatitis Research
The Integris Nazih Zuhdi Transplant Institute at Baptist Medical Center has joined forces with the Oklahoma Medical Research Foundation to conduct genetic research that could dramatically impact the treatment of hepatitis C."We can fight this devastating...
Judge Issues Injunction on Nonsmoking Rules
Creek County District Judge Donald Thompson Tuesday issued a statewide temporary injunction halting the implementation of state Health Department rules banning smoking in some commercial establishments such as restaurants.Thompson declined to stay his...
Leadership Oklahoma Board Elects President, Executive Committee
Shirley Hammer, president of Hammer Construction in Lindsay, has been elected president of Leadership Oklahoma's board of directors.Leadership Oklahoma also elected 10 vice presidents of the executive committee. They are David Woods, administration,...
Lucent Posts $7.9 Billion Loss
NEW YORK (AP) -- With battered U.S. telecom companies spending little on hardware upgrades, equipment maker Lucent Technologies posted a quarterly loss of $7.9 billion on Tuesday and said it would cut 7,000 more jobs. The loss equates to $2.30 per share...
Medical Briefs July 24, 2002
The shortage of registered nurses in hospitals is expected to continue based on demographic trends, according to the Oklahoma State University Center for Health Sciences Center for Health Policy Research report, "Nursing in Oklahoma - RN Hospital Workforce...
[ New Locations ]
Received: 7/22/02Custer CountyEl Paso Production; Nine Greenway Plaza, Houston TX 77046 (832- 676-1400); #14-10 Kelly; n/2 nw sw 14-14n-20w; 2500' fsl & 660' fwl; TD 13,000'...Test; 11,400' Cherokee; SoonEl Paso Production; #23-12 Gwartney; c nw nw...
Of Bull Riders, Frontier City and Opening Night
When the bright lights come on and the klaxon horn blows and the music stops, you know it's time to get "ready to r-r-r-rumble" at Club Rodeo, 2301 S. Meridian Ave. That's when some 1,000-plus men and women stop dancing and gather around the indoor bull...
Office Vacancies Up National Downsizing Efforts Impact City
The office vacancy rate in the Oklahoma City real estate market climbed during the second quarter to 22 percent from 21.7 percent as a few large companies reduced their presence, according to a new report by Grubb & Ellis/Beffort Brooks Hogan.In a stark...
OKC Council Raises Trash Collection Fees
The Oklahoma City Council voted Tuesday to raise fees charged to consumers for trash collection service.In a unanimous decision, the council voted to increase the residential fee charged for trash collection by 3 percent, lifting rates to $12.64 a month....
OKC Events July 24, 2002
When the bright lights come on and the klaxon horn blows and the music stops, you know it's time to get "ready to r-r-r-rumble" at Club Rodeo, 2301 S. Meridian Ave. That's when some 1,000-plus men and women stop dancing and gather around the indoor bull...
OKC Office Vacancy Rates Increase
The office vacancy rate in the Oklahoma City real estate market climbed during the second quarter to 22 percent from 21.7 percent as a few large companies reduced their presence, according to a new report by the real estate firm Grubb & Ellis/Beffort...
OKC Raises Rates for Trash Collection
The Oklahoma City Council voted Tuesday to raise fees charged to consumers for trash collection service.In a unanimous decision, the council voted to increase the residential fee charged for trash collection by 3 percent, lifting rates to $12.64 a month....
Oklahoma's Medicaid Program Spinning through a Vicious Cycle
Due to rocky economic waters, the Medicaid program, which provides health care coverage to the poor, has come close to capsizing in almost every state in the nation in the past year.Oklahoma was no exception, and the program has gone through a vicious...
Phillips Petroleum Reports Lower Second Quarter Earnings
Phillips Petroleum on Tuesday reported a 43 percent drop in net income for the second quarter from the same period a year earlier, due in part to lower natural gas prices and refining margins. Phillips reported net income of $351 million, or 91 cents...
Phillips Profits Drop 43 Percent; Revenues Double
BARTLESVILLE (JR) -- Phillips Petroleum on Tuesday reported a 43 percent drop in net income for the second quarter from the same period a year earlier, due in part to lower natural gas prices and refining margins. Phillips reported net income of $351...
SBC Income Falls 11% to $1.8 Billion
SAN ANTONIO (AP) -- SBC Communications on Tuesday reported $1.8 billion in profits for the second quarter, down 11 percent from the same period a year ago and less than telecom analysts had been expecting. The earnings come to 55 cents per share, down...
Spinning through a Vicious Cycle
Due to rocky economic waters, the Medicaid program, which provides health care coverage to the poor, has come close to capsizing in almost every state in the nation in the past year.Oklahoma was no exception, and the program has gone through a vicious...
Spittin' in the Wind: The `Monopoly' of Local Hospitals
I try not to be stupid. And I know there are certain things one must avoid doing in order to remain in the "unstupid" camp.In the words of singer-songwriter Jim Croce, "You don't spit in the wind, you don't tug on Superman's cape and you don't mess around...
Tinker Air Force Base Aviation Mall Study Continues on Schedule
Opening of a massive jobs generator near Tinker Air Force Base is closer to become a reality.With no fanfare, Battelle Laboratories is "on schedule" with the first phase of a multipart study to determine if a 215-acre aviation maintenance, repair and...
Tinker Aviation Mall Study Continues on Schedule
Opening of a massive jobs generator near Tinker Air Force Base is closer to become a reality.With no fanfare, Battelle Laboratories is "on schedule" with the first phase of a multipart study to determine if a 215-acre aviation maintenance, repair and...
Unit Corp. Earnings, Revenues Down Sharply
Unit Corp. on Tuesday reported a sharp drop in earnings and revenues for the second quarter.Net income for the second quarter was $5.1 million, or 14 cents per diluted share, down from $18 million, or 50 cents per diluted share, for the second quarter...
Unit Income, Revenue Decline for Quarter
TULSA (JR) -- Unit Corp. on Tuesday reported a sharp drop in earnings and revenues for the second quarter.Net income for the second quarter was $5.1 million, or 14 cents per diluted share, down from $18 million, or 50 cents per diluted share, for the...
What Readers Are Stealing
NEW YORK (NYT) -- While there's no certainty that book sales are on the rise this summer, unfortunately there's inferential evidence that there's no shrinkage of "inventory shrinkage" in bookstores, and it may be rising. As with most things bookish,...