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 February 19, 1999

Association Names DeHart Builder of the Year
For Corey DeHart, being named Oklahoma's Builder of the Year by the Association of General Contractors was just another feather in the cap of an extensive career.DeHart is the president of Willowbrook Construction and Construction Management Specialists,...
A Triumphant Return
When Nevada-based TYBA Investment acquired the $49.8 million Equity Residential Properties Trust portfolio of apartment complexes last October, it not only represented a significant investment in the market, but it also marked the return of the nation's...
Bill Addresses `Gambling' Phone Cards
Some businesses are selling long-distance telephone cards that are also chances in lotteries or other types of gambling, which is illegal under Oklahoma law, Rep. Mary Easley, D-Tulsa, told the House Rules Committee Thursday.Easley said her House Bill...
Bolivian Wells Provide Positive Test Results for Vintage Petroleum
TULSA (JR) -- Vintage Petroleum has recorded positive results from three of its exploratory wells in Bolivia.The Tulsa company has a 100 percent working interest in all three wells.The company's first natural gas exploration well drilled in the Chaco...
Business World
Polly want a mouseSAN JOSE, Calif. (NYT) -- A Silicon Valley company hopes to replace the mouse with the parrot. The bird in question is not a piece of hardware but an animated on-screen parrot that responds to voice commands.The parrot, named Prody,...
Construction Contracts Awarded
The Oklahoma Turnpike Authority awarded eight construction contracts Thursday worth $50.7 million.This prompted Chairman Fred J. Hall of Oklahoma City to call Thursday "a historic day, because it's the largest bid-letting in the history of the turnpike...
Crude Oil Increases amid Talk of Refinery Shutdowns in U.S
NEW YORK (AP) -- Crude oil futures moved sharply higher Thursday on the New York Mercantile Exchange amid market talk refiners planned to shut down larger facilities as profit margins continue to dwindle in the face of a worldwide oil glut and weak demand.Crude...
Dank Threatens Suit If Legislation Not Read Entirely
If the full House goes along with a committee vote which would not require legislation to be read at length before passage, Rep. Odilia Dank, R-Oklahoma City, said Thursday that she will file a lawsuit in the Oklahoma Supreme Court.Dank says the Oklahoma...
Eateries Buys Back Shares
OKLAHOMA CITY (JR) -- Eateries Inc. on Thursday said that it has repurchased 1,056,000 shares, or 27 percent, of the company's outstanding shares at a cost of $5.125 per share.Shares were purchased in a private transaction from three investment funds...
Edward Jones & Co. Plans Expansion in Next 4 Years
NEW YORK (AP) -- Edward Jones & Co., the St. Louis-based brokerage firm with an office in Oklahoma City, plans to more than double its number of offices in the United States to 10,000 over the next four years in an effort to keep its competitive edge...
Ethical Equivocation
A recent edition of The New York Times carried two full pages on the scandals involving the Salt Lake City Olympic Committee. In case you've been Rip Van Winkling, the International Olympic Committee (IOC) has been investigating wrongdoing by the folks...
Fleming Reports Net Loss for 1998, 4th Quarter
OKLAHOMA CITY (JR) -- Fleming Companies on Thursday reported a net loss of $510.6 million, or $13.48 per share, for 1998.The loss was the result of a pretax charge of $668 million from impairment, restructuring and other charges related to its new strategic...
Former Cain's Deliverer Takes over as CEO
Scott Abbott, hired 18 years ago to drive a sales route for Cain's Coffee, has been named president and chief executive of the Oklahoma City-based company.He succeeds Tom Donnell who is taking a position with Cain's parent company, Chock Full O' Nuts,...
Grammy Awards Come at Tumultuous Time for Today's Music Industry
NEW YORK (AP) -- Wednesday's Grammy Awards will give the executives who run the music industry some rare moments of peace.The business that decides what music people will hear is going through tumultuous times, with bottom line-enforced consolidation...
Harold's Launches West Coast Expansion
Harold's Stores has expanded onto the West Coast with a new store in Palo Alto, Calif.At the same time, the upscale Norman-based clothier is closing its second oldest location -- the downtown Oklahoma City store at 101 Park Ave. Its last day in operation...
Hollywood Slowdown Puts Pinch on Film Crews
LOS ANGELES -- Veteran film editor Donn Cambern wrapped up work on Disney's My Favorite Martian and looked ahead to his next job. Only there wasn't a next job at the moment.After years of tremendous growth, Hollywood is starting to slow down, with the...
Index Investing Not as Simple as It Might Seem
NEW YORK -- Any time you go shopping for a stock-index mutual fund, don't limit your search to funds based on the Standard & Poor's 500 composite.These days, there are many other types of index funds to choose among. In the eyes of a growing number of...
Insights from the Business Rags
ATLANTA -- With billions of dollars flowing into stock index funds, thousands of computer owners engaging in day trading and an Internet full of research, who needs a stockbroker any more?Business Week, in its Feb. 22 issue, makes a case that technology...
Living in a Disney Town, with Big Brother at Bay
CELEBRATION, Fla. -- One hot afternoon last month, my wife, Catherine Collins, was riding her bicycle home from the post office here when a blue car with Pennsylvania license plates pulled alongside her. One of the children in the car leaned out 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,...
Public Official Ad Bill Stalls in Committee
A bill that would prohibit the use of a public official's or employee's name, face or voice in any type of advertising or promotion scheme using public funds stalled on a 15-15 vote in the House Rules Committee Thursday after several members questioned...
Sears Hopes Makeover Will Regain Customers
HOFFMAN ESTATES, Ill. -- Sears Roebuck will attempt to win back customers with a radical makeover of its retailing business, which will include slashing prices, creating new advertising and intensifying its Internet presence.In what Chairman and Chief...
Soul of a City, at Its Very Core
DENVER -- From her fifth-floor apartment in a freshly converted flour mill, Dana Crawford surveyed the abandoned railroad yards at the core of downtown Denver and envisioned lofts and more lofts.As carpenters built 350 apartments and bulldozers opened...
Stocks Rise amid Heightened Optimism for Corporate Profits
NEW YORK (Bloomberg) -- U.S. stocks rose Thursday after a series of surprisingly strong economic reports increased optimism for corporate profits. Transamerica was the biggest gainer after Aegon said it would buy the insurer for $10.8 billion."The economy...
Swing into Spring with a Fashion Show
The spring fashion collection of St. John will be presented at a luncheon March 4 at Oklahoma City Golf and Country Club. A benefit for the Baptist Community Clinic at Olivet Baptist Church, 1201 NW 10th St., the showing is sponsored by Integris Baptist...
The Cain's Coffee Story
What is now Cain's Coffee was established in 1919 by William Morgan Cain Sr., who was born in 1894 and came to Choctaw, Okla., in 1900 with his widowed mother.Cain joined the Navy in 1911 and his tour of duty included a trip in Brazil, where he was fascinated...
The Tip: An Award, but Whom Is It Meant For?
NEW YORK -- Many uncertainties surround the dining experience, but one thing is sure. At the end of the meal, the diner, barring a near nuclear catastrophe, will leave a tip. Last year, American diners left an estimated $12 billion on the table, at an...
Thrice Pays $119,000 for Midland Foundry
Thrice Properties has bought the 13,250-square-foot Midland Foundry for $119,000 at 2813 SW 23rd St. from Mozell Bass.The investor group has yet to announce plans for the property.June McLaughlin of Coldwell Banker Commercial, Hocker-Sullivan & Associates...
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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