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 August 14, 1997

A Brief Guide to House Bill 1815
QUESTION: What is House Bill 1815?ANSWER: Legislation that contains guidelines for how the phone industry will operate in Oklahoma in the future. Monopolies will fall; free market competition will be widespread. You will choose whom to buy dial-tone...
AMA Places Seal of Approval on Commercial Products Sold in Stores
CHICAGO -- The American Medical Association announced Tuesday that for the first time it will put its seal of approval on nine health care products made by Sunbeam, including heating pads and thermometers. Under the five-year deal with Sunbeam Corp.,...
Apartment Sales on Track to Top `96
The metro apartment market remains strong, with most property sales taking place in Oklahoma City rather than suburban areas, according to Commercial Realty Resources' first midyear apartment sales report.In the first six months of 1997, 23 transactions...
Bank, Credit Union Battle Gets Top Bidding on High Court's Agenda
The fight between credit unions and banks over who can join credit unions is going to the U.S. Supreme Court.The high court will hear arguments on the first day of its fall session -- Oct. 6. A decision in the case could be issued early next year.That...
Business World
Paying for cultureNEW YORK (NYT) -- A report by the Travel Industry Association of America says the 65 million Americans who traveled to cultural and historical events in the last year spent an average of $615 each per trip, compared with $425 for all...
Cellular Phone Usage for Emergency Situations Increases
AUSTIN -- Sharon Loken's husband had less than six months to live when she used her cell phone to find out that doctors could save his life."We were just leaving a motorcycle club meeting when I got a page," said Loken, who lives in Round Rock. "It was...
Computer Technology Changing the Way College Professors Teach
ATLANTA -- For most college students, thinking about computers and how that technology has transformed communication and information is about as compelling as analyzing the revolutionary impact of the Gutenberg press.Not so with Jim Herod and other professors,...
Court Rules against Kerr-McGee in Wrongful Termination Suit
Summaries of 10th Circuit and state opinions filed recently Oklahoma Court of Civil AppealsFor the week ending Aug. 12, 1997 Fowler Equipment Company vs. Harry Houston Oil Company, Inc., No. 86,975. Amendment to Small Claims Procedure Act that raised...
Data Offers Mixed Inflation Messages
WASHINGTON (AP) -- Wholesale prices fell in July for an unprecedented seventh straight month, but robust retail sales raised anxiety in financial markets that inflation could reignite.Stocks and bonds both shot up at the opening but then seesawed through...
Dealing with the Different Customer Types
Selling is not about defining the type of buyer you're facing. There are millions of types of buyers.Ever see those "four types" of buyer things? "The Driver," The Amiable," "The Idiot," and "The Big Idiot." The Big Idiot is someone who thinks there...
Fed Investigation Now Official
WASHINGTON -- Federal prosecutors on Wednesday formally named Columbia/HCA Healthcare as a target in a criminal investigation into whether the nation's largest hospital chain overbilled government health insurance programs.The announcement is the first...
Gasoline Futures Prices Surge as Exxon Shuts Down Facility
Gasoline futures prices soared Wednesday on the New York Mercantile Exchange after Exxon shut down a major gas-making facility in Texas for as much as a month, threatening to reduce supplies to the Northeast.The gains boosted crude and heating oil futures.Exxon...
Higher Retail Sales Suggest New Consumer Spending Spurt
WASHINGTON -- Sales at U.S. retailers continued to climb in July, suggesting consumers are sparking a new round of growth after a spring spending lull, government figures showed.Retail sales rose 0.6 percent last month, close to analysts' expectations,...
Is the World Ready for Chains of Sneaker Superstores?
NATICK, Mass. -- Sneaker Stadium, which formally opens its first Massachusetts store here this week, hopes it can do for fancy footwear what Staples has done for office supplies.Retail chains that use so-called big-box stores -- with considerably more...
Learning Lessons from the Striking Battle for Sallie Mae
At first glance, last month's shareholder coup that swept out the management of Sallie Mae and replaced it with a dissident group seems so unusual that it would offer little in the way of instruction for investors or corporate directors.Just for starters,...
Legal Partner Compensation Levels Top All-Time Highs
Despite all the blather of low pay and long hours, those who toil in the legal field do reap the rewards. Average partner compensation nationwide in 1996 grew at a rate of 3.5 percent from 1995 levels, topping $200,000 for the first time, according to...
Local Telephone Services Answer Market Niche
One area where computer systems have fulfilled their almost mythical potential is in the simple ability to answer the telephone. Relatively inexpensive products abound, from paid services through local telephone providers to simple answering machines...
Long-Distance Phone Companies Compete in Crowded Field
Kenny Troutt got into the long-distance telephone business after the oil market went bust. In late 1988 he abandoned the petroleum fields for the discount grocery stores that dotted suburban Dallas almost as densely as dormant oil wells.There, on sidewalks...
Managing in Good Times Challenges Businesses
Over the past two decades, U.S. companies have been slashing costs to survive in an increasingly competitive marketplace. By stripping away layers of management, employing more part-time workers and replacing laborers with new equipment, corporations...
Markets Close Roller Coaster Ride with Small Decline
NEW YORK (AP) -- Stocks swung wildly on Wednesday as investors first staged a love-in, then a strike, on government reports on inflation and consumer spending.The Dow Jones industrial average ended 32.52 lower at 7,928.32, but that small closing decline...
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,...
Nike Tries to Get Consumers to Jog on the World Wide Web
The athletic footwear giant Nike is trying to bolster its "street" credentials by going one-on-one with consumers on-line. An extensive print and outdoor-media campaign began in June eschews Nike's evocation of the emotional drama of sports to focus...
Number of Convictions in Health-Related Fraud Rises
WASHINGTON -- Calling health care fraud "the crime of the `90s," the Justice Department Wednesday said the number of federal criminal convictions for health-related fraud has more than tripled since 1992.During that period, the number of civil probes...
O'Connor Expected to Play Big Part in Affirmative Action Case
WASHINGTON -- As the Supreme Court's calendar turns from the frantic final days of June to the fresh beginning of the first Monday in October, Sandra Day O'Connor is once again the justice on the spot.Throughout her 16-year tenure, O'Connor has been...
Off-Airport Parking Grows as Traffic Slows
Passenger boardings may be off this year at Will Rogers World Airport, but the off-airport parking industry hasn't suffered."We're on an increase this year, even though enplanements are down," said Don Whinery, president of Whinery's Off-Airport Parking....
P&G Suit against Amway Includes Claims of Unfair Competition
It will apparently take an act of God for Procter & Gamble to kill persistent tales that its trademark and its executives are linked to Satanism.The stories have spread for more than 20 years, making Procter & Gamble the object of boycotts and resulting...
Popularity of Temporary Lawyers Grows in Crowded Market
CHICAGO -- Sondra Sellars is a lawyer with 28 years' experience. But what she really wants to be is an actress.So she's chucked full-time law-yering for temporary legal work."Practicing law pays a lot more than waiting tables," she said. "The acting...
Revenue Report Indicates State in Good Shape for Fiscal 1998
The latest revenue report from the Office of State Finance shows that Oklahoma's new fiscal year is off to a good start and that's a good sign for the Oklahoma economy, a Senate budget leader said Wednesday."It's always nice to start a new fiscal year...
Sabotage Increases in Colombia
VILLA ROSARIO, Colombia -- By day, some rebels work as farmhands in the fields. At night, they sneak off to Colombia's biggest oil pipeline, armed with shovels and dynamite.It's a routine for leftist guerrillas, who have sabotaged the Cano Limon-Covenas...
Silverado Reports Net Losses
TULSA (JR) -- Silverado Foods on Wednesday reported a net loss for the second quarter of 1997.Silverado had a net loss for the quarter of $4.58 million, or 58 cents per share, compared with a net loss $1.08 million, or 17 cents per share, for the second...
Sleaze Factor Settles into Pro Female Basketball
SAN FRANCISCO -- Once ignored and driven from the United States to find employment, professional female basketball players now are the center of attention.They are getting shoe contracts, television advertisements and may pick from two U.S.-based leagues.The...
State Fair Officials Ready for Opening Day
Officials with the State Fair of Oklahoma are putting the final touches on $15 million in MAPS-funded construction projects as they prepare for the fair's opening in September.While plans to have the Norick Arena construction completed may not be fulfilled,...
State Seeks to Simplify Purchasing Procedures
The state is seeking ways to streamline procedures for an agency that handles contracts totaling more than $600 million a year.About 87 percent of state purchases are valued at $25,000 or less and state agencies spend an inordinate amount of time and...
The Aftermath of 1815
Just before the first vote in the battle over House Bill 1815, a lobbyist for the American Association for Retire Persons buttonholed three House members. He asked their opinions on the legislation, which put forth a framework for deregulating Oklahoma's...
Touring the Stadium
So you still wonder why Oklahoma City is building the new Bricktown Ballpark as part of the Metropolitan Area Projects to replace All-Sports Stadium? Take a tour when the public is invited, and you will be amazed at the difference.I already did. Despite...
UPS, Union Resume Talks
WASHINGTON (AP) -- Prodded by Labor Secretary Alexis Herman, the Teamsters and United Parcel Service agreed Wednesday to resume negotiations as the union's strike against the package delivery giant passed its 10th day.The agreement to return to bargaining...
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,...
Warranty Deeds
Information includes name, service agent, address, and incorporator.Incorporated January 7, 1997.Vision Of Hope Evangelistic Ministries Assoc Milton T Goodwin, 2618 N Peoria Ave, Tulsa OK 74106. Milton T Goodwin. Lighthouse Supply Co Donne L Bacus,...
Wells Completed
Received:06-10-97GARFIELD COUNTYProducers Oil Co., Tulsa/918-582-1188, #72 SchoolLand 64; c ne se 13-22n-4w, TD 1510'...Recomp. 11-9-96; First drilled Dec. 1964 Ward Petroleum Corp., Enid/234-3229, #1 Walker; ne ne se 2-20-n- 4w, TD 5800'...10-12-96...
Wells Spudded
LIST OF WELL SPUDS FOR JUNE 9 - 13, 1997Following is a list of well spuds, listed by county, operator, well name and location:BEAVER COUNTY Anadarko Petr. Corp., Houston, TX, #4-2 BJPERU; se nw se 36-4n- 21ecm Slawson Expl. Co., Inc., OKC, #2-23 Gregg;...
Where's the Computer Link to Humming U.S. Economy?
WASHINGTON -- The billions of dollars that American companies are pouring into computers and other high-tech gadgets should be making workers more efficient. No less an authority than Alan Greenspan says the country could be on the verge of a once-in-a-century...
Woodlands Bankruptcy Proceeds
KANSAS CITY, Kan. (AP) -- Operators of The Woodlands racetrack could know in a few months whether a bankruptcy judge will approve its reorganization plan to partner the track with a casino operated by an Oklahoma-based Indian tribe."I want to move this...
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