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 29, 1998

American Education's Earnings Rise 14%
OKLAHOMA CITY (JR) -- American Education Corp. has reported its sixth consecutive quarter with improved results.Net income for the second quarter increased 14 percent to $577,841, or 4.3 cents per share, from $508,053, or 3.6 cents per share, for the...
Billing Company Faces Fraud Charges
Government attorneys in a Medicare fraud trial argue a local billing company owes more than $1 billion for falsifying claims.U.S. attorneys charge that Oklahoma City-based Emergency Physicians Billing Services and Dr. J.D. McKean "upcoded" emergency...
Business World
High-tech fishing reelsATLANTA (Cox) -- A technologist looks at everything and wonders: How can this be better? Even the devices that symbolize a life apart from flashing lights and beeping gizmos, and time spent far from the rush of a high-tech world....
Consumer Confidence Drops
NEW YORK (AP) -- A gyrating stock market and concerns over a slowing economy spooked many Americans in July, leaving them edgy that the good economic times will end and that jobs will be harder to find.The Conference Board reported Tuesday that its index...
Crude Oil Prices Remain Steady
NEW YORK -- Crude oil was little changed as traders awaited a weekly industry report, looking for signs that demand for gasoline is reducing U.S. oil inventories.The American Petroleum Institute was scheduled to issue its weekly inventory report after...
Fee-Based Income Lifts BOK Profits
Second quarter earnings for the parent of Bank of Oklahoma rose 27 percent on the strength of a 29.8 percent jump in fee-based income.For the three months ended June 30, Tulsa-based BOK Financial posted a net income of $20.4 million, of 81 cents per...
Glickman Conveys Support for Farmers
NEWCASTLE -- Against the backdrop of brown cornstalks, U.S. Agriculture Secretary Dan Glickman said today he will do whatever he can for drought-stricken farmers.But he put the onus squarely on Congress to provide funding for emergency disaster relief."Unless...
GM Reaches Agreement with Union
FLINT, Mich. (AP) -- General Motors reached a tentative agreement with its biggest union Tuesday to end an almost two-month battle that virtually shut down GM's North American production and cost the No. 1 automaker $2.2 billion, union officials said."I...
How `Intellectual Property' Works at a Private Medical Research Facility
When we think of property, we generally think of land, buildings, automobiles, antiques, diamonds, horses and the like -- things we can "own." "Intellectual" property is quite different. The concept is more elusive because it is not tangible in the strictest...
Icos -- an Upstart with Friends in the Highest Corporate Places
Icos is anything but a typical development-stage biotechnology company.Yes, like others in the field, it has yet to market a product or to make a profit from operations. On Thursday, it announced it had lost $9.4 million in the second quarter, or 24...
Intregris Promotes Two to Vice Presidential Status
Integris Health has promoted two veterans to vice presidencies at Southwest Medical Center.* Hallie Ennis, who has been with Integris or its subsidiaries since 1966, will continue as the administrative director of the oncology and emergency service lines...
Kerr-McGee Earnings Rise
OKLAHOMA CITY (JR) -- Kerr-McGee on Tuesday reported an 86 percent increase in net income and a 18 percent increase in sales for the second quarter.Net income for the quarter totaled $78 million, or $1.62 per diluted common share, up from $42 million,...
Leinbach Co. Puts Apartments Online
An Oklahoma real estate company will leap light years ahead of the competition this fall when its new, $20 million Oklahoma City apartment community goes online with unlimited and inexpensive, direct T1 Internet connections.The 263-unit Crown Martin...
Let Autumn Begin
This summer not only has been hotter than usual, but also busier than usual with special events and benefits. And, looking ahead to fall, we can expect an especially busy social calendar and, probably, a warmer-than-usual season.You might want to mark...
Louis Dreyfus Posts Loss for 1998 Second Quarter
OKLAHOMA CITY (JR) -- Louis Dreyfus Natural Gas on Tuesday reported a net loss of $10.4 million, or 26 per share, for the second quarter.Results for the quarter were adversely affected by the recognition of an impairment charge, increased exploration...
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,...
New Locations
Received: 7/27/98Beaver CountyAnadarko Petroleum Co.; Box 351, Liberal KS 67905-0351 (316-624- 6253); #3A Hodges "D"; e/2 w/2 ne 20-5n-24ecm; 1320' fsl & 1220' fwl; 6690' Chester Lime; 7-21-98Carter CountyCoho Oil & Gas Inc.; Rt. 1 Box 1, Ratliff City...
Noble Affiliates Reports Drop in Quarterly Earnings
ARDMORE (JR) -- Noble Affiliates Tuesday announced an 8 percent decline in net income to $12.13 million, or 21 cents per share, for the second quarter of 1998.Earnings were down from $13.15 million, or 23 cents per share, for the same quarter a year...
Results Improve for Lynn Hickey's Parent
AMARILLO (JR) -- Cross-Continent Auto Retailers on Tuesday reported higher sales and earnings for the second quarter.The nation's first publicly traded franchise auto dealer group owns Lynn Hickey Dodge in Oklahoma City as well as other dealerships in...
Satisfying the Customer
Lee Symcox, president and chief executive of First Fidelity Bank, believes the little things make a big difference to customers.That's why the Oklahoma City bank has invested in providing all its staff with two full days of service training, where they...
Senate Throws Support Behind Credit Union Bill
WASHINGTON (Bloomberg) -- The U.S. Senate dealt a setback to the banking industry Tuesday by agreeing to legislation that would reverse the effect of a U.S. Supreme Court decision and again allow credit unions to expand their memberships.The 92-6 vote...
The Bull and Bear Face Off
NEW YORK -- Since the great bull market began 16 years ago, stock prices have grown more than 10 times. In the same period, corporate earnings have grown fourfold.So, what ever happened to that old law of the marketplace that says stock prices are a...
Unit's Net Income Decreases
TULSA (JR) -- Unit Corp. on Tuesday reported a drop in net income for second quarter.Net income for the three months ended June 30 totaled $1.2 million, or 5 cents per share, down from $1.4 million, or 6 cents per share, for the second quarter of 1997.The...
U.S. Stocks Decrease
NEW YORK (Bloomberg) -- U.S. stocks fell Tuesday for the fifth time in seven days, amid dimming prospects for corporate earnings and passing concern that Bill Clinton's presidency could be hobbled by a reinvigorated grand jury investigation into whether...
Video Games Expected to Break Sales Records in `98
NEW YORK -- The video game market is red hot, but many stocks in the group haven't caught on yet.It may be time for investors to get acquainted with some companies in this seasonally volatile sector as they gear up to ship games for the peak-profit fourth...
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: 7/27/98Completion reports are compiled by county, operator and well information.Noble CountyHalliburton Oil Producing Co., OKC/843-0261 -- #1-24 Rush -- c sw sw 24-24n-2w; TD 4610'; perf. Tonkawa 2722-38', f/180Mcf and 346bwpd, isip 800#, 18/64"choke,...