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 May 19, 1998

Amtrak Maps Return to State
Amtrak, the national rail passenger service, may return its service to Oklahoma by early spring, it was announced Monday.Routes could be from Oklahoma City through Tulsa to either Kansas City or St. Louis, from Oklahoma City to Fort Worth or a return...
Analyst Cuts Dow Year-End Prediction
NEW YORK (Bloomberg) -- Lehman Brothers' chief investment strategist, Jeffrey Applegate, has cut his year-end prediction for the Dow Jones industrial average to 10,000 from 10,200, in what he called a "modest" reduction.He still says stocks will perform...
A Regional Strategy
Even as Oklahoma aviation officials look for more money to maintain publicly owned airports in the state, a two-pronged study is under way to help determine where the most need is.With a $374 million backlog in identified projects necessary to keep the...
A Thriving Industry Predicting What Is and Isn't Flourishing
Successful investing, it is often observed, is a lot like predicting who will win a beauty contest. The idea is not to spot the prettiest contestant but to identify whom the judges will decide is prettiest.Replace "pretty" with "profitable," and you...
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
In Seinfeld's shoesNEW YORK (AP) -- Dr. Frasier Crane is moving his practice to Thursday nights in the fall. Frasier was chosen by NBC to move into the coveted Thursday 9 p.m. time slot being vacated by Seinfeld, the network said Monday. NBC is the...
Capital Bond Issue Gains Momentum
Word of a possible capital bond issue, which has waxed and waned all during the 1998 legislative session, is gaining momentum once again with circulation of a $1.2 billion list of capital funding requests at the State Capitol.The list includes most of...
Complex Sale Hits Court Snag
Narrowly missing a dismissal of its lawsuit last week, TYBA Group fared better Monday in its case involving a $29.2 million apartment sale.Judge Bryan Dixon reinstated a temporary restraining order that may allow the Canadian firm to buy two apartment...
Disney Delves into the Past to Remake Tomorrowland
LOS ANGELES -- When Walt Disney rolled the dice and opened his Disneyland theme park in Anaheim in 1955, the park's Tomorrowland echoed a confident, peculiarly American vision of the future.Though it was the least-finished part of the pioneering theme...
High Court Rules in Labor Union Case
WASHINGTON (AP) -- Labor unions cannot sue in federal court to cancel a contract on grounds the employer lied to get the union's agreement, the Supreme Court said Monday.Ruling unanimously in a Pennsylvania dispute, the justices said federal courts are...
Keating Signs Technology Transfer Legislation
Saying the move could lead the state down the road to prosperity, Gov. Frank Keating on Monday signed House Bill 2863, allowing universities and professors to receive royalty payments from technology they help develop on the job."This has come as a result...
Koch Accused of Destroying Evidence
MINNEAPOLIS (AP) -- Koch Industries is accused in court papers of destroying 5 million pages of documents and trying to hide evidence that might show whether it stole oil from federal lands.Attorneys for William Koch said in papers filed with a federal...
Microsoft Antitrust Suit Leads to Third Straight Stock Decline
NEW YORK (Bloomberg) -- U.S. stocks fell Monday for a third day after the government filed an antitrust suit against Microsoft that could prevent the world's biggest software company from tapping into new markets quickly.The suit could have a bigger...
Microsoft Slammed with Suits
WASHINGTON (Bloomberg) -- U.S. and state antitrust enforcers sued Microsoft Monday, accusing the world's largest personal computer software maker of using its market dominance to stifle competition and crush Internet browser rivals.The U.S. Justice Department...
Mid-Continent Needs $350 Million Infusion
TULSA -- Mid-Continent Life Insurance needs an infusion of $350 million to be able to pay its future death claims, the state insurance commissioner told policyholders Monday.John P. Crawford spoke in a question-and-answer session aimed at quelling fears...
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 Locations
Received: 5/15/98Carter CountyCoho Oil & Gas, Inc.; 14785 Preston Rd., #860, Dallas TX 75240 (972-774-8360); #19-6 Tatums Unit; se nw sw 14-1s-3w; 1600' fsl & 990' fwl; 2850' Pennington; On permit Coho Oil & Gas, Inc.; 14785 Preston Rd., #860, Dallas...
Oklahoma City Data Processor Adds Houston Bank
C-TEQ, the Oklahoma City data processor for Oklahoma and Texas financial institutions, has added its third client of the year -- American First National Bank of Houston, a newly chartered lender that opened for business Monday. But this is not just any...
Pay Linked to Shareholder Value Lacking with Top Bank Execs
NEW YORK -- While many banks talk about creating shareholder value, few pay their top executives accordingly, according to Credit Suisse First Boston analysts.After surveying chief executive compensation among the largest U.S. banks, analyst Michael...
Solving Woes by Compounding Them
Your prescription medicine tastes yucky or smells bad? Even worse, you can't keep it down? There's hope.In Norman, patients may visit Carey Sherman at Sooner Pharmacy, one of a growing number of Oklahoma pharmacists who have returned to compounding medications...
Supreme Court Upholds Age Ruling against Pilots
WASHINGTON (AP) -- The Supreme Court left intact a federal rule that requires airline pilots to retire when they reach age 60, turning away pilots' arguments that they are being victimized by age discrimination.The justices, acting without comment Monday,...
U.S. Business Execs See Growth Decline
WASHINGTON (Bloomberg) -- U.S. business executives see a "slight decline" in overall growth during the second quarter of 1998, compared to the first quarter, an industry survey showed.Of 3,000 executives surveyed by Dun and Bradstreet, 70 percent expect...
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 Spudded
Received: 5/15/98The following list is compiled by county, operator, well name and location.Atoka County Eberly & Meade Inc., OKC -- #1-15 Little -- c ne ne 15-2n-12e Blaine County Cabot Oil & Gas Corp., Englewood, CO -- #1-23 Spies -- c nw 23- 13n-13w...
What Happens When Taxpayers Bounce a Check off IRS?
There is dumb. There is dumber. And then there is bouncing a check off the Internal Revenue Service.A month after the income tax filing deadline, many people are waiting for their refund checks. But some number -- not counted, but united in their chagrin...
Williams Extends Electric Service
TULSA (JR) -- Williams has reached an agreement with AES Corp. to supply fuel to and market 3,954 megawatts of capacity from 14 units located at three AES electric generating sites in the heart of the Los Angeles Basin.Williams expects the transaction...
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