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 January 6, 1999

Amazon.com Multiplies Sales in `98 Fourth Quarter
SEATTLE (Bloomberg) -- Fourth quarter sales almost quadrupled to $250 million for Amazon.com, the No. 1 online book and music store, as more holiday shoppers ordered from its World Wide Web sites in the United States and overseas.Seattle-based Amazon.com...
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Annual Review Time for Fund Investors
NEW YORK -- As a new year begins, many mutual-fund investors set aside some time to give their portfolios a thorough annual checkup.The idea isn't to sell old funds and buy new ones, just for the sake of change. A wholesale shakeup could prove expensive,...
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Buchanan Leaves Mercy; Arkansas Exec Takes Over
Bruce Buchanan, president and chief executive of Mercy Health System Oklahoma and Mercy Health Center, will step down Jan. 31.Michael J. Packnett will assume Buchanan's roles Feb. 1. Packnett is the president and CEO of Mercy Health System of Northwest...
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Buddin Sells Firm to Aslan
Longtime Oklahoma City prosthetist Ray Buddin is selling his company to Lubbock-based Aslan Orthotic and Prosthetic Centers.The cost and terms for the sale of Ray Buddin Artificial Limb were not disclosed.The new owner will offer patients a new technology...
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Business World
Benefits of the NFLNEW YORK (Bloomberg) -- CBS executives were looking for a shot of testosterone last year when they agreed to pay $4 billion for an eight-year contract to air National Football League games. After four years without the NFL, ratings...
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CFS Faces $15 Million Shortfall, Staff Cuts
TULSA (AP) -- Cash flow at the Tulsa debt-collection firm Commercial Financial Services will fall about $15 million short in January, the company's president said Tuesday.Fred C. Caruso told U.S. Bankruptcy Judge Dana Rasure that layoffs of 1,800 employees...
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Clinton to Propose Round of Base Closings
WASHINGTON (AP) -- President Clinton intends to ask Congress for authority to close more U.S. military bases starting in 2001 to help offset the cost of military force improvements, officials said Tuesday.Congress approved several rounds of base closings...
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Compensation, Benefits Top OPEA Agenda
Oklahoma Public Employees Association members on Tuesday released the group's 1999 legislative agenda in an effort to convince policy- makers that "Quality State Employees Mean Quality State Government."OPEA leaders said that Oklahoma's state employees...
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Computer Shares Lead Increase in U.S. Stocks
NEW YORK (Bloomberg) -- U.S. stocks rose Tuesday, led by computer- related shares, after analysts predicted that Microsoft and MCI WorldCom will soar in 1999 as the companies' earnings growth beats that of other members of the Standard & Poor's 500 Index."Investors...
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Construction Spending Rises in November
WASHINGTON (Bloomberg) -- Spending on U.S. construction projects rose for a sixth straight month in November as the boom in housing offset weakness in commercial projects.Construction spending rose 0.9 percent in November to a $677.8 billion annual rate...
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Crude Oil Prices Decline
NEW YORK (Bloomberg) -- Crude oil futures prices fell almost 3 percent Tuesday, the first drop in six sessions, after the National Weather Service forecast an end to a cold snap in the Northeast and Midwest that boosted demand for heating fuels.Temperatures...
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Environmental Prize by St. Andrews University, CONOCO Attracts Global Interest
HOUSTON (JR) -- St. Andrews University of Scotland and Conoco have teamed up to find practical solutions to environmental problems through the $25,000 St. Andrews Prize, a new international essay competition.Less than 10 weeks after being launched, prize...
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Increased Internet Drug Purchases Concern Regulators
WASHINGTON -- With a few computer keystrokes -- and without ever seeing a doctor -- Americans can buy powerful prescription drugs, including some not approved for sale in this country.Supporters say consumers are savvy enough to buy medicines over the...
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Keating Calls Special Session to Deal with State's Oil Crisis
A special session to deal with the continuing oil price crisis was announced Tuesday by Gov. Frank Keating in his remarks to the opening, one-day session of the 47th Oklahoma Legislature.The governor said he wants lawmakers to begin the special session...
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Keating Seeks Help for Agriculture Industry
Providing help for Oklahoma's ailing agriculture industry should be a strong objective for the upcoming legislative session, Gov. Frank Keating said Tuesday."The price of wheat, the price of cattle, the price of hogs, as low as they are, certainly imperil...
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Laser Eye Surgery Booms
For their entire 30 years of married life, Fred and Kristie Carter have worn glasses -- and hated them. "They get perspiration on them when I work out, they fog up in the wintertime. I hate having to buy new ones, and the last ones I got didn't do a...
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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,...
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Museum on the Move
The Oklahoma City Art Museum is going to move downtown and OCAM's executive director, Carolyn Hill, will be explaining the plans when Downtown Now has its regular meeting on Tuesday. Open to the public, the Downtown Now meetings are at 3:30 p.m. the...
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No Preparation Could Hurt Small Business
TULSA (JR) -- Small businesses in Oklahoma that have not prepared for the "Y2K bug" will begin losing business by mid-1999, a state representative has predicted.Business will be lost because large companies will demand that suppliers be "Millennium...
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Skilled-Nursing Sector Reshapes to Survive New System
Not often do you see an entire industry reforged by one decision. But that's what happened in the skilled-nursing sector, all in hopes of containing a federal program considered out of control.A surprise? No. The handwriting was on the wall long ago,...
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Some See Pacificare Facing Harder Times in Road Ahead
Pacificare Health Systems seems insulated from the problems of the rest of the managed-care industry. While the majority of HMOs are losing money covering the elderly under Medicare, Pacificare, the nation's largest Medicare HMO, is solidly profitable....
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Strong 4th Quarter Helps Mutual Fund Gains in `98
NEW YORK -- A rip-roaring fourth quarter helped most stock mutual funds post solid gains for the fourth straight year in 1998, a leading research firm reported Tuesday.The 3,800 stock funds tracked by Lipper rang up an average 20.22 percent return in...
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Testimony Suggests Gates Not Truthful
WASHINGTON (AP) -- Microsoft Chairman Bill Gates told government lawyers he couldn't remember key provisions of a 1997 agreement that prevented a leading software company, Intuit, from promoting a rival's Internet browser.But Intuit's chief executive...
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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,...
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