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 March 19, 1998

Airplane Lease Ruling Could Hurt Weaker Airlines
An unexpected ruling by a U.S. judge in Colorado last week sharply increases the risks associated with financing and leasing airplanes, threatening to depress the value of billions of dollars worth of deals and to make it much harder for new and financially...
Baseball and Beyond
The most promising name in sporting goods this year may also be one of the most venerable: 111-year-old Rawlings Sporting Goods.Based in St. Louis, Rawlings is set to expand beyond its historical stronghold, baseball. It has snapped up a hockey company...
Broadening Act Expected to Add Jobs
Direct small-jet air service from Oklahoma City and Tulsa to both coasts could become a reality if the Quality Jobs Act is expanded to include airline headquarters, maintenance and reservation facilities, the House Economic Development Committee was...
Business World
Lessons of a cabbieSAN FRANCISCO (AP) -- Oren Harari, a professor at the University of San Francisco, says anyone can reinvent their jobs and organizations to make them more marketable, even if they drive cabs. In Management Review magazine, Harari tells...
Cornering Bi-Metro Market
If your law firm doesn't have offices in both Oklahoma City and Tulsa, some say you're out of the loop. But with this bi-metro trend, combating the home-alone syndrome at the "other office" isn't an isolated incident.Neither satellite offices nor branches,...
Dow Jones to Sell Markets, Indepth Data
NEW YORK (Bloomberg) -- Dow Jones will sell its unprofitable financial data unit Dow Jones Markets, which includes Oklahoma City- based Indepth Data, to Bridge Information Systems for $510 million in cash and stock.Founded in 1984, Indepth Data was purchased...
Getting Your Sales Prospect to Say `I Do'
Proposing a marriage and proposing a sale have a lot in common. Both have courtships that may be different than the real world, both want answers of "I do!" and both must live with the consequences after the proposal has been accepted.Last week we covered...
Goldmach Sachs' Analyst Raises Market Predictions
NEW YORK -- Long live the bull market in U.S. stocks.Goldman Sachs' Abby Joseph Cohen, one of Wall Street's most reliable and optimistic strategists, believes stocks are headed higher because the economy will continue to grow without inflation.The prediction...
Group Seeks Solutions to Fuel Industry
Grim faces and serious comments from energy industry representatives and state officials were seen and heard at the first meeting of the governor's task force on crude oil prices Wednesday.While agreeing little or nothing can be done about the price...
House Panel Backs Increased CPA Education
The Oklahoma House Judiciary Committee approved legislation Wednesday requiring certified public accountant applicants have at least 150 semester hours of college education.Under current standards, CPA applicants must have an estimated 120-hour undergraduate...
Inflation Pressures Remain `Eerily Calm'
WASHINGTON (Bloomberg) -- Growth is moderating in some parts of the country and inflation pressures remain "eerily calm," the Federal Reserve said Wednesday in its latest regional economic outlook."Pressures on product prices remain eerily calm, as domestic...
Keating: New Call Center Fits Economic Needs
The 200 jobs that a Williams-Sonoma catalog call center will bring to Oklahoma City is the kind of diversification the city's economy needs, Governor Frank Keating said Wednesday.Williams-Sonoma Chief Executive and Altus native Howard Lester announced...
Money Top Reason for Associates Leaving First Jobs
New associates just don't have the staying power, with 43 percent of them bidding adieu to their first jobs within three years.Nearly one in 11 new associates leave their firms the first year, and that rate almost doubles the second year, according to...
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,...
Nasdaq, AMEX Boards OK Merger
NEW YORK (Bloomberg) -- The boards of the National Association of Securities Dealers and the American Stock Exchange approved a plan Wednesday to combine the Nasdaq Stock Market and the Amex.The plan to merge the second- and third-largest U.S. stock...
New Locations
Received: 3/17/98Dewey CountyD&J Oil Co., Inc.; P.O. Box 10129, Enid 73706 (580-242-3534); #1- 21 Robertson; c nw nw 21-16n-17w; 1980' fsl & 660' fwl; 14,660'...Recomp.; 7712' Tonkawa; 3-15-98 Garfield County Capstone Oil & Gas, Inc.; P.O. Box 704, Hennessey...
No per Diem for Sun Ridge Landlord
Following are 10th Circuit and local opinions filed recently. Oklahoma Supreme CourtFor the week ending March 17, 1998 Sun Ridge Investors, Ltd. d/b/a Sun Ridge Apts. vs. Richard Parker, et al., No. 86,074. Landlord's per diem late charge was not enforceable...
Offshore Bids Total $810.4 Million
NEW ORLEANS (AP) -- Despite a slump in oil prices, petroleum companies posted $810.4 million in high bids Wednesday for drilling rights in federal offshore leases in the central Gulf of Mexico.The figure was only slightly off last year's $824.1 million...
Optimistic Outlook Surfaces from Millennium Project
As humankind enters the 21st century, the exponential growth of scientific discovery will continue. Is society prepared for this ever-accelerating pace of technological innovation?How will it change societies around the world? What are the ethical,...
Real Estate Industry Expects Busy Spring Season
After testing the waters last year, Ed Vogt is taking the plunge and selling his home in Walnut Creek, Calif. The 54-year-old ceramics firm owner expects the four-bedroom, two-story house to go quickly. He's so confident he hiked his asking price by...
Searching with Findlaw
You've just signed on the Internet, or you've been flailing around online for a few hours, when you suddenly find yourself staring into the virtual abyss of the Net with the distinct sensation of being lost and alone. Where should you start? Where did...
Seven Seas Abandons El Segundo Well
HOUSTON (JR) -- Seven Seas Petroleum announced on Wednesday that it has decided to temporarily abandon operations on the El Segundo 3- E well.The drilling rig utilized for the El Segundo 3-E well is currently being mobilized 4.5 kilometers south on the...
Small Biz Lobbyist Hopes Horror Stories Derail Minimum Wage Hike Efforts
WASHINGTON -- Nelson Litterst is collecting what he describes as "horror stories" unleashed by the U.S. Congress' 1996 decision to increase the minimum wage.He says they are stories about snack shops, dry cleaners and drugstores that laid off workers...
State Approves New Edmond Bank Charter
In less than two months after applying for a new state charter, organizers of Edmond Bank and Trust received unanimous approval Wednesday from the Oklahoma State Banking Board.The new institution, which its backers say will start with a minimum of $3...
The True Long-Range Plan
The line is very clearly drawn in the race for mayor of Oklahoma City on two major issues:* MAPS -- Kirk Humphreys, who attracted 45.64 percent of Tuesday's election, stands for getting the Metropolitan Area Projects completed. Guy Liebmann, who attracted...
TMSSequoia Reports Drop in Net Income for Quarter
STILLWATER (JR) -- TMSSequoia on Wednesday reported a slight drop in net income for the second fiscal quarter ended Feb. 28.Net income for the second fiscal quarter was $164,447, compared with $169,568 for second fiscal quarter of the previous fiscal...
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,...