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 31, 1997

Battles over Lawyer Advertising Divide the Bar
ALBUQUERQUE, N.M. -- Ron Bell's face is too big to miss on the highway billboard that advertises his legal services on one side and on the other, Pizza Hut. This year, someone shot an arrow right between his smiling eyes. For weeks it stuck there, like...
Bearish Outlook Hurts Performance of Some Funds
BOSTON -- The U.S. stock market is in "goo-goo land," says veteran fund manager William Sams.Sams, manager of the $800 million FPA Paramount Fund, has overseen other people's money for 30 years and he's never seen a market that's risen so much so fast."I...
Bethany Carrier Cancels Flights
AUSTIN -- If Conquest Airlines resumes flying as its new Oklahoma owners say, at least one former passenger isn't likely to travel with the commuter airline again.Ted Hirsch, CEO of Longview's Meadow Pines Hospital, was among passengers temporarily stranded...
Budget Deal Sends Stocks Soaring
NEW YORK (AP) -- Wall Street's celebration of the federal budget deal turned euphoric Wednesday, propelling stocks further into record territory as bond-market interest rates sank to their lowest level in nearly 1 1/2 years.The Dow Jones industrial average...
Business World
Rolling in tortillasLOS ANGELES (NYT) -- Guess who are the biggest consumers of tortillas in the United States? Hint: It's not Latinos. According to a study commissioned by the Los Angeles-area-based Tortilla Industry Association, tortillas were the...
Charge Undercuts Fleming Earnings
Fleming Cos. second quarter net earnings fell 83.5 percent to $1.5 million, or 4 cents per share, due to a $13.3 million extraordinary charge retiring debt in the food distributor's $1.35 billion recapitalization program.The Oklahoma City company had...
Court Prepares to Test Viability of Electronic Case Filing
KANSAS CITY, Mo. -- Wherever there is a courthouse in America, there are vast ex-forests of paper -- lawsuits, warrants, exhibits and transcripts.Last year, the clerks at the federal courthouse in Kansas City filed 63,911 civil and criminal documents....
Designing the Right Power Statement Will Set You Apart
You are now under my power (statement).What is a power statement? A statement that makes your product or service outstanding, understandable, credible (incredible) and buyable. A (non-traditional) statement that describes what you do and how you do...
Dole Finds New Celebrity Status
WASHINGTON -- He may be hawking doughnuts, a debit card, a French airline and a Target store, but Bob Dole says he's a TV pitchman with a message."I just want people to know there's life after losing an election, and I think you can be a winner, even...
Domestic New Car Sales Increase
DETROIT -- U.S. sales of new cars and trucks rose about 1 percent in July from weak year-earlier levels as automakers offered buyers higher incentives to overcome the lure of cheap used vehicles, analysts forecast Wednesday.Industry observers will watch...
Fear of Japanese Controlling Movie Content Is Now `Non-Issue'
LOS ANGELES -- James Marshall is, to put it mildly, a remarkable man. Using martial arts, stealth and sheer grit, he battles a planeload of terrorists, but not without a twinge of conscience. He fights for the lives of dozens of other Americans on board,...
Feds Charge Three Officials in `Phase 1' of Columbia Probe
NASHVILLE, Tenn. -- Prosecutors charged three Columbia/HCA Healthcare officials with cheating Medicare in an indictment unsealed Wednesday, the first charges in a federal probe that has shaken the nation's largest for-profit hospital chain.Two regional...
Finding, Insuring Workers Proves Major Pain
OKLAHOMA CITY (JR) -- The problems of workers compensation and a minuscule unemployment rate have stressed out many Sooner State small-business owners, according to a second quarter survey by the National Federation of Independent Business.Two of every...
Gasoline Futures Prices Soar to Highest in Six Months
NEW YORK -- Gasoline surged to its highest price in more than six months as an unexpectedly large drop in inventories followed a week of refinery disruptions and strong demand from motorists.Crude and heating oil prices also jumped after inventories...
Hitting Its Targets, WNBA Tries to Hit Its Stride
Lisa Leslie had been waiting almost a year for the "next" game. But in the first game of the first Women's NBA season, the league's cover girl missed a dunk. The Los Angeles Sparks' center missed a wide-open slam against the New York Liberty.She wasn't...
Is Face-to-Face Solicitation a Crime?
COLUMBIA, S.C. -- John O'Quinn is the kind of lawyer business loves to hate.Dubbed the "king of torts" and "lawyer from hell" in media accounts, the Houston litigator has spent his life on the offense, winning multimillion-dollar settlements from corporations...
Is the IRS Entitled to Receive `Gap Period Interest' on Claims?
Summaries of 10th Circuit and state opinions filed recently Oklahoma Court of Criminal AppealsFor the week ending July 29, 1997 Aaron George Watson vs. The State of Oklahoma, No. M-96-1121. Maximum authorized periods of incarceration for assault and...
June New Home Sales Rise 6 Percent
WASHINGTON (AP) -- Buoyed by a sound economy and favorable financing, consumers boosted sales of new homes in June by 6.1 percent, the biggest gain in seven months."The housing market is extremely strong," said economist David Berson of Fannie Mae, formerly...
Lawyers Stand out in the Flock of Business People
You know one when you see one. It may be the haircut, the drape of their tailored wool slacks or perhaps that generally harried demeanor. But whatever the reason, it's easy to spot a lawyer.In downtown Oklahoma City, the streets are teeming with bankers,...
MCI Posts Decline in Quarterly Profits
WASHINGTON (AP) -- MCI Communications reported a 6.7 percent decline in second quarter profits Wednesday, reflecting the trouble besetting MCI as it tries to break into the local phone business.The nation's second-largest long-distance company earned...
Mild Weather Offsets Investment Returns for Western Resources
TOPEKA, Kan. (JR) -- Western Resources reported Wednesday that returns from its unregulated investments added value to the second quarter bottom line but that cool weather and plant outages brought about slightly lower earnings for the quarter.Second-quarter...
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,...
Mutual Fund Investing Tops $4 Trillion
NEW YORK (Bloomberg) -- Investments in U.S. mutual funds passed the $4 trillion mark for the first time last month, a trade group said Wednesday, and investors increased the pace of buying stock funds in July.Officials at Fidelity Investments, Vanguard...
New York Firm Rejects CalEnergy's Acquisition Bid
BINGHAMTON, N.Y. (Bloomberg) -- New York State Electric & Gas rejected CalEnergy's bid to acquire the utility for $3.3 billion in cash and assumed debt, and offered Wednesday to cut electricity rates by $600 million to bolster its effort to remain independent.The...
NFL Learns to Build Stadiums That Sell Football
LOS ANGELES -- Football stadiums used to be easy to design: Build a cavernous bowl and jam it with as many seats as possible.Concern about sight lines and the character of the structure was nonsense. As long as the turnstiles were spinning, it would...
Preservation Works
When I returned to Oklahoma City in 1980 after a 23-year absence, I was determined to find a home in Heritage Hills, because I wanted the advantages of historic preservation.I had seen what preservation efforts had accomplished in areas such as Baltimore,...
Preserving a Landmark
Although the First National Center is centered in the proverbial heart of downtown, the massive job of resuscitating the art deco building promises to take more than the injection of millions of dollars in grants and loans and generous doses of optimism.To...
Proctor & Gamble Fights to Regain Lost Share of Coupon Market
NEW YORK -- A year after Proctor & Gamble cut back on the number of coupons it issued, the world's largest advertiser is back at it, dropping them in upstate New York.Still grousing about the inefficiency of coupons, the Cincinnati- based marketer has...
Tax Cut Light in Comparison
WASHINGTON -- President Clinton and Republican leaders are praising themselves for the biggest tax reduction since Ronald Reagan. But comparing the 1981 tax cuts with the 1997 version is like comparing a hurricane to a summer breeze, both in size and...
The Tulsa Project at a Glance
ArenaCost: $101 million, including land and fixturesLocation: North of the Page Belcher Federal Building, bordered by Denver and Frisco avenues, the Burlington Northern Railroad and Third Street. Project description: A 16,000-18,000 seat, multipurpose...
Tulsans Hope to Avoid MAPS Pitfalls
The plan: institute a temporary sales tax and other revenue- raising measures to construct an indoor arena and stadium, as well as renovate the convention center. Package that nicely and sell it to the taxpayers as a way to create a public-private partnership...
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,...