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 21, 1998

Ameritech Purchase Opens World to SBC
SAN ANTONIO -- Edward E. Whitacre, the chief executive of SBC Communications, made clear his plans for building a global powerhouse when he testified before a U.S. Senate panel on the proposed merger of SBC and Ameritech."Our merger is a critical step...
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A Serious Effort
As Oklahoma steps up its efforts to enter the commercial space market with launch facilities at the former Clinton-Sherman Air Force Base near Clinton, several people around the state wonder why we're doing this. Their first reaction is to laugh.It's...
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At Age 30, Intel Faces Challenges
SANTA CLARA, Calif. (AP) -- Thirty years ago, personal computers did not exist, except in the dreams of a few people. And few noticed when two scientists started another electronics company in what became Silicon Valley. Today, PCs are ubiquitous. And...
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A Y2K Problem by Any Other Name
NEW YORK -- Another Year 2000 problem is vexing businesses around America, and calling even the brightest computer guru would be a waste of time. From Twentieth Century Fox to the 20th Century Beauty Salon in Nashville, Tenn., executives are worried...
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Brotherly Bank Chief Executives Prepare for Competition
CINCINNATI -- Star Banc Chairman Jerry Grundhofer is taking a page out of his brother Jack's book by arranging the $7.2 billion acquisition of Firstar. But Jerry is no Jack.Jerry, 53, and six years younger than John Grundhofer, has quietly built a reputation...
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Building Permits
These lists of building permits issued by Oklahoma City include those issued for new residential and commercial construction, renovations, swimming pools, elevators and other projects. Permits are listed by number and include owner or contractor, address,...
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Business World
OKC on AOLDULLES, Va. (Bloomberg) -- America Online has added Oklahoma City and 11 other areas to its Digital City guides, bringing the number of its online guidebooks to 50, as the No. 1 online service more seeks regional advertisers to boost its revenue.Digital...
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Concern Growing over Laxity of Bank Lending Practices
Last year, Chase Manhattan, the country's largest bank, lent about $890 million to an Australian utility, Loy Yang B. Typically, to avoid putting too many eggs in one basket, banks try to get other banks to assume part of the risk by taking portions...
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Gasoline, Crude Oil Decrease
NEW YORK -- Gasoline futures fell for a fourth day, dropping to the lowest price since 1994, as record refinery output overwhelms consumer demand, even at the height of the summer driving season.U.S. gasoline stockpiles rose unexpectedly during the week...
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Greenspan Testimony Expected to Suggest Doing Nothing
WASHINGTON -- With clear evidence in hand that Asia's crisis has finally cooled U.S. growth, Federal Reserve Chairman Alan Greenspan is likely to tell Congress today that what the economy needs right now is a steady hand on the tiller.Shrinking exports,...
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Insider Trading
Corporate insiders -- officers, directors and direct or beneficial owners of 10 percent or more of a public company's stock -- are required by law to disclose the purchase or sale of securities issued by their corporations. The following listing was...
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Keating Honors OERB, Calls for National Energy Policy
Gov. Frank Keating on Monday called for a national energy policy as low prices continue to plague Oklahoma's oil producers."We still face the great silence from Washington," Keating said at a news conference honoring the Oklahoma Energy Resources Board...
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Litigating the Titanic
Seeing Titanic 16 times is just part of a lifelong fascination attorney Robert Alexander has harbored for that night to remember.As this year's program chair for the American Bar Association's Trial of the Century based on the 1912 disaster, Alexander...
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McGowen Buys Oklahoma Wells
LAS COLINAS, Texas (JR) -- McGowen Resources has acquired 100 percent working interest in two wells in the Marlow field in Stephens County, Okla.The wells were acquired from various working interest owners in a deal led by K. Phil Fleetwood Oil Properties,...
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Mixed-Use Development Set for Reno, Meridian Area
A mixed-use development called Reno Circle is planned on a 14.82- acre site between Interstate 40 and Reno Avenue, east of Meridian Avenue.Reno Circle LLC has acquired the property immediately west of White Water Bay for $1.07 million from Norma, Jean,...
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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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Multimedia Games Sells $1.4 Million in Electronic Stations in 3rd Fiscal Period
TULSA (JR) -- Multimedia Games said on Monday that it sold 263 electronic player stations for $1.4 million during the third fiscal quarter ended June 30.The stations were installed in Indian bingo halls.All of the cash from this transaction has been...
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New Law Streamlines Reporting Requirements
The State Labor Department is no longer required to inform the governor how many welders were licensed in Oklahoma during the previous year.Electricity and natural gas utility firms don't have to notify the Legislature and governor each time they tell...
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New Lending Official Optimistic on CFS Business Strategy
Alan Colberg, recently hired to head the new lending affiliate for Commercial Financial Services, is gearing up to start his job as soon as he gets out of training -- along with about 80 other new employees. Colberg is going through the same two-week...
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New Locations
Received: 7/17/98Beckham CountyBurlington Resources Oil & Gas Co.; Box 51810, Midland TX 79710- 1810 (915-688-6800); #5-5 Kent; nw se ne 5-11n-22w; 1195' fsl & 1650' fwl; TD 15,728' ...Recomp.; 14,936' Atoka; On permitGrady CountyCarl E. Gungoll Exploration...
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Oklahoma Hog Farming Bill Goes into Effect Next Month
A bill regulating the state's hog farming industry, one of the most contentious issues of the 1998 legislative session, goes into effect Aug. 1.Senate Bill 1175 revises last year's law relating to concentrated animal-feeding operations.Among other goals,...
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OU Names New Dean, Price Chair
ARDMORE (JR) -- Bob G. Fillpot has been named dean of the University of Oklahoma College of Architecture.OU also announced on Monday that Robert Zmud has been named to the $4 million Michael F. Price Chair in Management Information Systems in the Michael...
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Pact Links Two OKC Telecom Companies
Logix Communications has forged a strategic telecommunications alliance with Zenex.Logix, a unit of Oklahoma City-based Dobson Communications, paid $4.4 million to Zenex to take over the fellow Oklahoma City company's long-distance service. The number...
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Quick Adjustment to Y2K Shocks Expected
As the end of the millennium approaches, a few economists have joined preachers of the apocalypse to warn that computers sent haywire by the Year 2000 problem will drag the economy down with them. The most famous of these doomsayers is Edward Yardeni,...
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Regents to Create Online Job Site for State's College Graduates, Employers
OKLAHOMA CITY (JR) -- The Oklahoma State Regents for Higher Education is developing an employment services Web site for Oklahoma students, graduates and employers.The Oklahoma Marketplace is an effort to better link Oklahoma college and university graduates...
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Short Sellers Get Pinched in Internet Stock Boom
NEW YORK -- Internet mania is driving investors who bet against the stocks crazy.So-called "short sellers" -- investors who borrowed shares of companies such as Yahoo! and America Online, speculating the stocks would fall, letting them repay the loan...
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Stauth Resigns as Head of Fleming
Citing "disappointing financial results" during his tenure, Robert Stauth has resigned as Fleming Cos.' chairman and chief executive under pressure from the board of directors.Flagging stock performance and millions in litigation expenses have punctuated...
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Stocks Close Mixed
NEW YORK (Bloomberg) -- U.S. stocks fell Monday as investors found no reasons to buy stocks after the past five weeks' run to records. McDonald's and General Motors led the decline.The Dow average fell 42.22 to 9,295.75 -- which still leaves it up 18...
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Tower Tech Posts Net Loss
OKLAHOMA CITY (JR) -- Tower Tech on Monday reported a net loss of $754,358, or 21 cents per share, for the second fiscal quarter ended May 31.The manufacturer of modular cooling towers had net income of $275,456, or 8 cents per share, for the second...
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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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Williams, Universal Access Enter Agreement
TULSA (JR) -- Williams Network has signed a multimillion-dollar agreement with Universal Access to provide private line, frame relay and ATM services to the Chicago-based wholesale telecommunications carrier.The long-term agreement, which underscores...
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