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 November 12, 1998

Agency Proposes Using Internet Ads to Attract Tourism
Anyone who has surfed the Internet has noticed the banner ads that bombard users on page after page with invitations to "click" to buy or investigate just about anything.Since I rarely have ever bought anything even through catalog, I have been slow...
Alliances Changing Airline Industry
FORT WORTH -- Like teen-agers in tough neighborhoods, major airlines are joining gangs.But there are no Crips. No Bloods. Not even any Jets.Instead, these gangs go by names like "Star," "Wings" and "OneWorld." And the only blood being shed, or that can...
Amway Climbs Natural Gas Pyramid
ATLANTA -- Amway's 25,000 Georgia distributors -- known for selling everything from cosmetics and skin care products to dishwashing liquid and dietary supplements -- will try their hand at natural gas.In a novel arrangement, the consumer products company...
Bank One Pays Millions for Exclusive Provider Rights
CHICAGO (Bloomberg) -- Bank One will pay Excite as much as $125 million to be the exclusive provider of bank services on the No. 2 Internet search directory, the companies said Wednesday.In a bid to increase its customer base through electronic commerce,...
Battle of Supercomputers Intensifies
WASHINGTON -- It's Blue Mountain against Pacific Blue. The battle of supercomputers is just heating up.The Energy Department announced Tuesday that a supercomputer called Blue Mountain is the fastest computer in the world.Made by Silicon Graphics, Blue...
Bugged by Higher Software Costs? Don't Look to Microsoft Antitrust Trial for Relief
NEW YORK -- Never mind the shady Microsoft dealings alleged in the federal antitrust case against the software maker. What really worries some of Microsoft's biggest customers is less dramatic, uncontested by government -- and likely won't go away even...
Business World
Cabernet inflationNEW YORK (AP) -- Wine lovers have enthused over the 1994 and 1995 cabernet sauvignons produced by California wineries, but according to Wine Spectator magazine, they're despairing over finding good bottles at low prices. The magazine...
CD Warehouse Profits Rocking
OKLAHOMA CITY (JR) -- CD Warehouse on Wednesday reported a 96 percent increase in earnings for the third quarter and its seventh consecutive double-digit systemwide sales increase.Net income for the quarter totaled $231,700, or 6 cents per share, up...
Commission OKs Red River Boundary Draft
Members of the Oklahoma Red River Boundary Commission have approved a new draft of a proposed compact to set the legal boundary between Oklahoma and Texas.However, a Bureau of Indian Affairs archeologist raised concerns as to how the proposal could affect...
Compaq Computer Launches New Small Business Products
HOUSTON (Bloomberg) -- Compaq Computer unveiled new direct-sales programs and products for small businesses Wednesday as the largest personal-computer maker looks to boost growth and respond to the success of rival Dell Computer.The new strategy includes...
Court Clerks Say Monthly Transfer Would Cause Problems
Oklahoma court clerks would have difficulty staying within their budgets if they had to forward court fees, fines and other monies into the state judicial fund on a monthly rather than quarterly basis, a State House panel has been told.Linda Siler, president...
Crude Oil Futures Remain Steady amid Iraqi Concerns
NEW YORK -- Crude oil was little changed, retreating from early gains, on perceptions that any U.S. military attack on Iraq will have little effect on Iraqi exports or abundant world supplies.Iraq is defying a United Nations-sponsored weapons inspection...
E-Mail: Mine Field of Legal Liability
Employees at Amazon.com, the popular Internet bookseller, recently received in their e-mail a directive from senior management that struck some as Orwellian.As part of an event that the Seattle-based company designated "Sweep and Keep," employees were...
eToys Takes Chaos out of Toy Shopping with Its Internet Service
NEW YORK -- As an uncle, Toby Lenk lived the nightmare that went into shopping for Christmas toys: the crowds, the lines and of course, the screaming kids.He knew there had to be a better way.Lenk's solution -- eToys -- is one of the hottest Internet...
Gates Testifies U.S. Has No Case
BELLEVUE, Wash. (AP) -- The government doesn't have much of a case in its antitrust lawsuit against Microsoft, Chairman Bill Gates told shareholders Wednesday."As our witnesses come forward you will see the facts simply don't support the government's...
Investors Pulling out of Bank Stocks Due to Volatility
NEW YORK -- Bank stocks, no longer the top performers they were for most of the 1990s, have been so volatile this year that investors who saw their shares fall as much as 50 percent are getting out.The reason: Expanding into brokerage, securities trading...
Lawsuit Claims Banks Cheated Shareholders of Old BankAmerica
SAN FRANCISCO (NYT) -- A Burlingame law firm has filed a class- action lawsuit accusing the old BankAmerica and North Carolina's NationsBank of cheating BofA shareholders by falsely claiming their $43 billion combination was a "merger of equals."In a...
Legg Mason President Sees Value in Wall Street
NEW YORK -- After a turbulent year for stocks capped by a record- setting rally, many professional investors are having a hard time finding shares they want to buy. Not William Miller.Miller is president of the Baltimore-based Legg Mason Funds and one...
Many State Storage Tanks Lack Mandatory Upgrades
OKLAHOMA CITY (AP) -- Only about 41 percent of the pre-1988 underground gasoline storage tanks in Oklahoma have undergone the safety upgrades mandatory before Dec. 22.Congress gave tank owners nationwide 10 years to make the upgrades and install devices...
Mortgage Applications Decrease 6.6% Refinancing Activity Down as Borrowing Costs for Buying Homes Increase
WASHINGTON (Bloomberg) -- Applications for U.S. mortgages dropped last week to the lowest level since the end of August and refinancing activity slowed as borrowing costs for home purchases got more expensive, mortgage industry figures showed Wednesday.The...
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 Apple OS Introduces Sherlock
ATLANTA -- OS 8.5, the latest version of the Apple Computer operating system, represents another incremental step forward for the Mac. By and large, OS 8.5 is a collection of small but important tweaks.The one exception is a potentially important new...
New Electronic Options Exchange to Hit Trading Market by 2000
NEW YORK (Bloomberg) -- ETrade Group and four other broker- dealers will start a new electronic options exchange by 2000 in an attempt to compete with the four major options floors by slashing the cost of trading."The exchange will offer investors faster,...
OKC Auto Sales Up 5%
Metro new and used car and truck sales jumped 5 percent in October, marking the first monthly increase since June.The Metropolitan Auto Dealers Association reported Wednesday its members sold 7,975 new and used vehicles last month, up from 7,593 the...
Published Opinions
The following summaries of recently filed local and 10th Circuit opinions were compiled by attorney John Gatliff. Oklahoma Supreme CourtFor the week ended Nov. 10 CR Industries and Sentry Insurance vs. Alta Fern Dorsey, Travelers Insurance and the...
The Forging of Advancia
When Rudy Alvarado bought LB&M Associates in 1990, things weren't going well.Founded in 1983, LB&M was enduring a downturn. With sales of $2.3 million, it had slashed its staff to 17 employees. Its three core businesses -- systems analysis, training...
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 Plugged
Received: 11/10/98Reports compiled by county, operator, well name, location, total depth, date plugged and well classification.Beckham County Valero Producing Co., San Antonio TX -- #1-20 J.R. Smith -- c sw nw 20-10n-21w -- TD 11,300' ...1-18-89 (OIL)...
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