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 June 29, 2000

A Lesson in Oklahoma Court Reform
On July 11, 1967, the people of Oklahoma went to the polls and approved Legislative Referendum No. 167. While I'm sure there are few if any of us who can tell you where they were or what they did on that particular date, it was indeed a momentous day...
Appeals Court Reverses Decision Involving Bank Wiring Fraud
The following summaries of state and 10th District court opinions were compiled by Anthony Sammons.Oklahoma Court of Civil AppealsFor week ended June 27.Frances Claudine Nouri, vs. Elmer Coursey, Personal Representative of the Estate of Renee C. Largent,...
Crown Cork & Seal to Cut 3.2 Percent of Its Worldwide Work Force
PHILADELPHIA (AP) -- Crown Cork & Seal, reeling from a price war and higher raw-material costs, will eliminate 1,150 jobs, or 3.2 percent of its worldwide work force, as it restructures its European operations and closes three plants in the United States...
Federal Reserve Leaves Interest Rates Unchanged
WASHINGTON -- The Federal Reserve, amid signs that the red-hot economy may be cooling a bit, decided Wednesday to leave a key interest rate unchanged. As a result, the federal funds rate will stay at 6.5 percent, the highest level in nine years. The...
Flipping Growing Rapidly in Cities, Senate Inquiry Finds
WASHINGTON -- The practice of property flipping -- continually buying and reselling homes at escalating prices to generate fees for brokers -- is growing rapidly in cities, often leaving buyers with unaffordable payments, Senate investigators have found....
Gannett to Buy Central Newspapers for $2.6 Billion
PHOENIX (AP) -- Gannett Co., the publisher of USA Today and the nation's largest newspaper group, struck a deal Wednesday to buy Central Newspapers Inc. -- owner of The Arizona Republic, The Indianapolis Star and four other dailies -- for $2.6 billion....
Legislators Avoid Tags, Workers Comp
Legislators leaders abrogated their responsibility by refusing to pass auto tag reform during Wednesday's special session, says Gov. Frank Keating, who is also disappointed that lawmakers passed up workers compensation reform."I'm disappointed that the...
Making a Museum out of Music
SEATTLE -- Two weeks after the Rock and Roll Hall of Fame and Museum opened in Cleveland in 1995, Paul Allen, the Microsoft co- founder, sent a small contingent there from Seattle to look around. The group spent two days examining the museum top to bottom....
More Trees, Less Litter Yields Beauty
Back in 1980, when I returned to Oklahoma City after a 24-year absence, I was amazed to see all the pieces of paper that were blowing around the streets. After living in a clean city such as Minneapolis, and visiting cities such as Seattle, I couldn't...
[ 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,...
Moves to Restrict Cellular Phones Reflect Reaction against Vocal Minority
Thanks to a lucky One-Pass upgrade, I was sitting in first class on a Continental Airlines flight to Florida one sunny morning last week waiting for takeoff. The flight attendant was passing out those steaming face towels and taking drink orders. What...
New IBM Supercomputer Could Mean End of Nuclear Testing
WASHINGTON (AP) -- IBM announced Wednesday it has built the most powerful supercomputer in the world, able to perform 12.3 trillion operations per second, three times faster than the next-fastest computer. An earlier version proved capable of defeating...
[ New Locations.]
Received: 6/27/00Beaver CountyApache Corp.; 6120 S Yale #1500, Tulsa 74136-4224 (918-491- 4900); #4-2 Hendrick; n/2 n/2 sw 2-3n-28ecm; 2030' fsl & 1320' fwl; 7500' Miss'n Chester; SoonLariat Petroleum Inc.; 15 W Sixth St. #1100, Tulsa 74119 (918-...
Oil Executives Testify before House Panel
WASHINGTON (AP) -- Oil company executives insisted Wednesday in congressional testimony that short supplies and high demand caused the skyrocketing gasoline prices in the Midwest and strongly denied any collusion to drive up prices. The chairman of the...
Oracle Hired Detectives to Investigate Microsoft's Allies
REDWOOD SHORES, Calif. -- The chairman of Oracle Corp. owned up Wednesday to hiring private investigators to look into the "covert activities" of Microsoft Corp. and insisted his company was only doing its "civic duty." "I feel very good about what...
Panel Delays Vote on Concourse Expansion
A proposed expansion of the Metro Conncourse Association was left uncertain Wednesday when members of the Oklahoma City Council Economic Development Committee chose to delay a final vote on whether the city would join the association.The Metro Conncourse...
Parent Company to Sell Zebco
TULSA (AP) -- Most workers already had been handed pink slips at Zebco when its parent company announced plans Wednesday to sell the Tulsa-based fishing reel manufacturer. Brunswick is selling the majority of its outdoors products group because of poor...
Providian Settles Complaints over Business Practices for $300 Million
SAN FRANCISCO -- Providian National Bank has agreed to pay about $300 million to consumers nationwide to settle allegations that it unfairly charged credit card customers. The settlement was announced jointly on Wednesday by the Office of the Comptroller...
Rising Incomes
NEW YORK (JR) -- Stock options, two-career couples and capital gains helped lift a record number of taxpayers B one in 15 B to six- figure annual incomes in 1998, an increase of 1.1 million from 1997.The Internal Revenue Service counts a married couple...
Ruling Provides States More Leeway to Restrict Anti-Abortion Demonstrations
WASHINGTON (AP) -- The Supreme Court gave states greater leeway to restrict anti-abortion demonstrations outside health clinics, ruling Wednesday that Colorado's limits on "sidewalk counseling" legitimately protect abortion patients' right to avoid unwanted...
Sprint Considered an Attractive Merger Partner
KANSAS CITY, Mo. -- Sprint Corp. remains a jewel in the telecommunications industry despite its dimming prospects for merging with WorldCom, company officials and outside analysts said. That assessment comes a day after the Justice Department went to...
State Roundtable Group Names Cappy Chairman
Joe Cappy, of Dollar Thrifty Automotive Group, Tulsa, has been named chairman of the Oklahoma Business Roundtable.Other officers are Tom Love, Love's Country Stores, Oklahoma City, vice chairman; Roger Whaley, Bank of America, Tulsa, secretary/ treasurer;...
Stock Barometers Increase
NEW YORK (AP) -- Stocks rose Wednesday after the Federal Reserve said it would leave interest rates unchanged for the time being.But the central bank's warning that inflation risks linger put pressure on financial stocks and other interest rate-sensitive...
Supreme Court Justices Become Globe-Trotters
WASHINGTON -- Supreme Court justices, ready to begin a three- month summer recess this week, like to use that time to travel -- and have other people pick up the tab. Newly released financial disclosure reports for 1999 show the justices left the nation's...
Touchmark Plans Edmond Center
Touchmark Living Centers plans to build a multi-phased retirement community in Edmond.The health care management and development company owns and operates nursing centers and continuing care retirement centers.Model home occupancy is planned for late...
U.S. Durable Goods Orders Increase
WASHINGTON (AP) -- The biggest jump in demand for electronics equipment in nearly three years helped catapult orders for big- ticket manufactured goods to a surprising 6 percent increase in May.That pushed orders to U.S. factories for durable goods --...
[ 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,...
[ Wells Completed.]
Received: 6/27/00Completion reports are compiled by county, operator and well information.Beckham CountyBurlington Resources Oil & Gas Co., Midland TX/915-688-9012 -- #2- 17 K.B. Walter -- c ne 17-10n-21w; TD 14,330'; perf. Atoka F 12,748- 13,198', f/1059Mcf...
[ Wells Plugged.]
Received: 6/28/00Reports compiled by county, operator, well name, location, total depth, date plugged and well classification.Alfalfa CountyDavis Operating Co., Tulsa -- #1 Meron Gipson -- ne ne se 12-27n- 11w -- TD 5820' ...5-14-00 (OIL)Blaine CountyLouis...
Wheeler Receives National Award Work in Consumer Protection
Assistant Attorney General Jane Wheeler has received an award from the National Association of Attorneys General for her pioneering work in consumer protection.Wheeler is director of the Consumer Protection Unit in the Office of the Attorney General.She...