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 December 31, 1998

1999 IPO Market Looks Optimistic
NEW YORK -- Initial public stock sales by Internet companies -- this year's star performers -- may be joined next year by increased sales from new and established non-Web businesses.iVillage, an online women's network, and Modem Media.Poppe Tyson, an...
Apple Readies New Macs, Software
CUPERTINO, Calif. (Bloomberg) -- Apple Computer interim Chief Executive Steve Jobs is expected to whip up enthusiasm among the Macintosh faithful next week with new machines and software from the No. 7 personal computer maker.At the annual MacWorld trade...
British Petroleum, Amoco Deal Receives U.S. Approval
WASHINGTON -- British Petroleum, the world's third-largest oil company, received U.S. approval to acquire Amoco for $62 billion -- a combination that creates the biggest U.S. gasoline retailer.The U.S. Federal Trade Commission cleared the way for London-...
Building a Bridge to Tomorrow
Wrapping up a year offers a unique opportunity for both reflection and anticipation -- looking back on the accomplishments of the last 12 months, and looking forward to the promises of the coming year. Fortunately for Oklahoma City's commercial real...
Business World
Life at the topNEW YORK (AP) -- Some great perks go with being in the upper echelons of management, but for many executives, the chauffeur- driven car or company plane is seen more as a business tool than a luxury, according to Runzheimer International,...
Court Confirms Allied Helicopter Decision
The following summaries of recent local and 10th Circuit opinions were compiled by Oklahoma City attorney John Gatliff. Oklahoma Court of Civil AppealsFor the week ended Dec. 29 State of Oklahoma, ex rel. Oklahoma Board of Private Vocational Schools...
Economic Indicators Index Up
NEW YORK (AP) -- Buoyed by the stock market's autumn rebound, a key gauge of future economic activity rose sharply last month -- offering signs of optimism for the U.S. economy heading into the new year.The Conference Board, a private research group,...
Fed Approves Merger of AT&T, TCI
WASHINGTON (AP) -- The Justice Department approved the $40 billion merger of AT&T and cable giant Tele-Communications on Wednesday, conditioned on the sale of TCI's interest in a rival phone company.AT&T is the nation's largest provider of wireless,...
Fred Jones Sells Car Lot on May Avenue for $345,000
FRN of OKC, LLC has bought a 34,224-square-foot used car lot at 3400 N. May Ave. for $345,000 from The Fred Jones Cos.Constructed in 1953 and later renovated in 1970, county records list the property in average condition. No plans for the property have...
Good Bets for 1999 Mutual Fund Comebacks
BOSTON -- Looking for a mutual fund for 1999? One way to narrow the search would be to take a look at some past high-fliers that are struggling these days.That could lead investors to the Oakmark Fund, or perhaps the CGM Focus, GAM International or FPA...
Government Joins Whistleblower Suit vs. Columbia/HCA
TAMPA, Fla. (Bloomberg) -- The U.S. Justice Department intends to join in a lawsuit against Columbia/HCA Healthcare by a former employee who says the largest U.S. hospital chain systematically defrauded Medicare and other government health insurance...
Grand Jury Returns 1 Sealed Indictment No Evidence Found That Government Had Prior Knowledge of Bombing
OKLAHOMA CITY (AP) -- A county grand jury that investigated the Oklahoma City bombing found no additional co-conspirators and no evidence the federal government knew about the bombing ahead of time. The panel did return one indictment Wednesday, but...
How Long Will the Internal Combustion Engine Survive?
LOS ANGELES -- Is the internal combustion engine dead?Not yet. But scientists and engineers attending the Greater Los Angeles Auto Show believe its days are numbered.Beyond the glitzy showroom-style displays of the latest car models from Detroit and...
Lawmaker to Seek Bond Legislation, Again
Rep. Randy Beutler, D-Elk City, will try again during the 1999 legislative session to pass a bill exempting local bonds from the state income tax.It would extend to bonds issued by municipalities, counties, school districts, utility and water districts...
Meeting Educational Needs
It was more than 25 years ago that I watched a small public downtown college slowly get off the ground in Minneapolis. People laughed and said it would never work. Even more ignored it.As with so many other downtown higher education efforts, however,...
Mortgage Rates Up; Applications Decline
WASHINGTON (Bloomberg) -- Applications for U.S. mortgages fell for the third week in a row as mortgage rates increased, the Mortgage Bankers Association of America said Wednesday.The MBA's mortgage applications index decreased 2 percent to 450.2 in 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,...
Nevada Tops Population Growth List
WASHINGTON (AP) -- For the 13th straight year Nevada is the nation's fastest-growing state, boosting its population by 4.1 percent. The year saw population declines in Pennsylvania, North Dakota, West Virginia and the District of Columbia.West Virginia...
New Locations
Received:12/29/98Beaver CountyBRG Production Co.; 7134 S Yale, #600, Tulsa 74136 (918-496- 2626); #1-28 Cope; e/2 w/2 nw 28-5n-28ecm; 1320' fsl & 990' fwl; 6450' Chester; On Permit Caddo County Louis Dreyfus Natural Gas; 14000 Quail Springs Pkwy. #600,...
Oil Company Exodus Worries New Orleans
NEW ORLEANS -- While most drivers are rejoicing as they fill their cars with the cheapest gas in memory, New Orleanians have reason to worry, turning nervous eyes toward Poydras Street.Low gas prices and giant oil company mergers have spelled job losses...
Oil Execs Try to Sort through Market `Blood Bath'
WHITE PLAINS, N.Y. -- Texaco Chief Executive Peter Bijur broke with tradition at the company's annual analysts meeting Dec. 2.In years past, Bijur gave a five-year forecast on the outlook for the oil industry. This time he wouldn't look beyond 1999."It...
Recession Unlikely for 1999
WASHINGTON -- The introduction of a common European currency, strength in the U.S. economy, and the beginning of an Asian rebound should keep any slowdown in 1999 from worsening into a global recession.Europe may post the fastest growth of the world's...
REITs Seen Rising at 11 Percent for 1998 Fourth Quarter
NEW YORK (Bloomberg) -- Real estate investment trusts are expected to report fourth quarter earnings rose about 11 percent, slower than in recent quarters, as slumping stock prices make it harder to finance property acquisitions."Growth from acquisitions...
Skeeter Claims It's All in the Name
I saw him out of my window coming down the walk at his usual enthusiastic pace and I knew then what I would be doing for the next hour. In came Skeeter clutching the new phone directory. "There's trouble in River City and I need some help," he proclaimed...
Slower Growth Foreseen in Hotel Sector
Bethesda, Md. -- Marriott International has been adding thousands of rooms a year to its Fairfield Inn chain, even as competitors rushed to build similar midprice hotels.That expansion is likely to take a toll on Marriott's ability to continue to raise...
State Retailers Face Turbulent Year
For retailers in Oklahoma, the new year should come with a large tag attached that reads: WARNING -- UNDERTOW DANGERS AHEAD.As we know, undertows are strong ocean currents that sometimes exist just beneath the surface. Because they run just below the...
U.S. Bonds Rise, Stocks Slide
NEW YORK (Bloomberg) -- U.S. bonds rose Wednesday for a third day as investors wagered that inflation will stay low in 1999."Low inflation and the expectation that the global economy will continue to be sluggish" will push the 30-year bond yield down...
Value of Construction Projects Rises 16.6%
The value of central Oklahoma construction projects rose 16.6 percent in November to $120.3 million from $103.2 million a year earlier.According to the monthly construction contract report from the F.W. Dodge Division of McGraw Hill, the residential...
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 Completed
Received:12/29/98Completion reports are compiled by county, operator and well information.Canadian County Cabot Oil & Gas Corp., Englewood CO/303-721-5857 -- #3A-9 Earles - - n/2 s/2 ne 9-11n-9w; TD 11,350'; perf. Skinner 10,254-400', f/11bo, 563Mcf,...
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