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 June 23, 1998

A New Tax Code Needed
NEW YORK -- There's at least one tax issue on which businesses large and small seem to agree, that being the elimination of the present income-tax code. But then things become complicated."There is absolutely no doubt that this tax code must be pulled...
Best Buying Time for New Auto May Have Already Begun
DETROIT -- The best time to buy a new car is August or September, right? Perhaps not this year: The end-of-the-model-year clearance may have already begun.Sellers usually offer their best deals in late summer and early fall, as dealers try to clear their...
Building Permits
These lists of building permits issued by Oklahoma City include those issued for new residential and commercial construction, renovations, swimming pools, elevators and other projects. Permits are listed by number and include owner or contractor, address,...
Business World
Moody huesNEW YORK (NYT) -- Madonna and Naomi Campbell are women who are letting their fingers do the talking with the first temperature- sensitive nail polish, Polish Mood Shades. Its maker, Respect, says that each two-tone polish switches colors as...
Crude Oil Futures Surge on Possible Output Cuts
NEW YORK (JR) -- Crude oil futures rose 13 percent on Monday, the biggest gain since January 1991, on speculation that OPEC will agree to further production cuts during its meeting in Vienna.For producers, the 24 percent drop in oil prices this year...
GM Closes 24th Plant Due to UAW Strike
DETROIT (Bloomberg) -- General Motors closed its 24th assembly plant, in Ste. Therese, Quebec, because of a strike-related parts shortage that now has idled 122,400 GM workers and halted 93 percent of its North American vehicle production.GM sent home...
GM Strike Expected to Reduce Economic Growth
WASHINGTON (Bloomberg) -- A strike at General Motors will probably pare U.S. economic growth by about half a percentage point this quarter, now that the world's largest automaker has been forced to shut down most of its North American assembly plants.GM...
High Court Rules Decision Stands in Suit against AOL
WASHINGTON (AP) -- The Supreme Court on Monday let die a Seattle man's lawsuit over a phony Internet message left after the Oklahoma City bombing.The justices, without comment, left intact a ruling that frees Internet providers such as America Online...
Knowing How to Sift through EDGAR Can Pay Off
If you are after the important dope on a public company, set aside the glossy annual report and the spin-doctored announcements. The really telling stuff is often in the filings to the Securities and Exchange Commission, where the company has to come...
Little Progress Made in Strike Negotiations
LAS VEGAS (AP) -- The autoworkers strikes against General Motors in Michigan could last into August and may expand to other key GM parts plants where union-management disputes continue to fester, a top union leader said Monday."I would hope we could...
Microsoft Hires 16-Year-Old for Windows 98 Tour
KANSAS CITY, Mo. -- David Longnecker wasn't even born when a younger Bill Gates was tapping out the first lines of code for what later would become the Microsoft Windows operating system for personal computers.However, it's not surprising that the now-goliath...
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,...
Native American Group Studies Two Sites for Museum Complex
A decision on where to locate a proposed $100 million Native American Cultural Museum is expected within the next 30 days.The Native American Cultural Society is looking at two possible sites: Oklahoma City and Edmond.Steve Kreidler of the Edmond Economic...
Quartz Mountain to Break Ground on Multimillion Dollar Project
OKLAHOMA CITY (JR) -- Like many other groundbreakings, dignitaries on hand will use a golden shovel. But when Gov. Frank Keating breaks ground for a new lodge at the Quartz Mountain Resort Park on Wednesday, he will have to drive his golden "shovel"...
Second Quarter Slump Predicted for Makers of Personal Computers
NEW YORK (Bloomberg) -- U.S. computer makers will report mixed results in the second quarter as slack personal computer demand led to steep price cutting and economic problems in Southeast Asia crimped sales.Compaq and Hewlett-Packard were hardest hit...
Space Age Positioning
Oklahoma's bid to join the space race with Florida and possibly Alaska as a partner means the state is positioning itself to take advantage of space exploration well into the 21st century.That's the assessment of Leo Presley, the former director of the...
Street Sees a Delicate Balance at Mid-1998
NEW YORK -- "Uneasy" is too mild a word to describe the prevailing frame of mind on Wall Street as the stock and bond markets approach the midway point of 1998.Certainly, there is a lot for investors and brokers to celebrate, given that stock and bond...
Sunbeam Shares Decline 27%
WASHINGTON (AP) -- Shares of Sunbeam dropped as much as 27 percent Monday as news surfaced of an informal inquiry by the Securities and Exchange Commission into possible irregularities in the appliance maker's accounting practices.The move came about...
Supreme Court to Hear Insurance Firms' Arguments over RICO
WASHINGTON (Bloomberg) -- Insurance companies will argue before the U.S. Supreme Court that they shouldn't have to face lawsuits under a tough federal racketeering law.The justices Monday agreed to consider an appeal by Humana, which seeks to derail...
The Paperless Legislature
At last week's special session of the Oklahoma Legislature, the paper cost for one House bill was more than $200, even though everyone knew the measure was destined for the trash heap.The bill numbered 422 pages. A Senate bill that also got nowhere totaled...
Thomson Financial Developing Its Second Web Site
In just eight months of operation, bankinfo.com has become one of the premier sites on the Internet for banking information. Produced in the Oklahoma City home of Mary Beth Guard, the Thomson Financial Publishing site receives 140,000 hits a week, compared...
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: 6/19/98Completion reports are compiled by county, operator and well information.Alfalfa County Parsons Engineering Corp., Tulsa/918-587-7049 -- #15-1 Ginder -- n/2 nw 15-27n-10w; TD 4097'; perf. Tonkawa 4084-97', f/153Mcfpd, isip 960#, ftp...
Will Mulan Open China to Disney?
BURBANK, Calif. -- Walt Disney turned to an ancient Chinese folk tale for its latest animated film, Mulan, but the media giant's real China story lies in its campaign to open the country to its products. So far, China's 1.2 billion people have had...

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