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 26, 1999

A Positive Forecast 99
In organizing its all-day commercial real estate conference, the Commercial Real Estate Council was facing numerous uncertainties as to how an event of this magnitude would be received.Property Resource Group President David A. Huffman noted nothing...
Barometers Recover from Steep Slides
NEW YORK (AP) -- Stocks finished with only modest losses Thursday after recovering from a steep slide sparked by a third straight day of surging interest rates in the bond market.The Dow Jones Industrial Average closed 33.33 point lower at 9,366.34,...
Business World
Say `cheese' to the laptopNEW YORK (NYT) -- Users of a new Sony laptop computer can alternately "point and click" and "point and shoot." At last week's Technology Entertainment Design Conference, Sony introduced the Picturebook, a $2,300 laptop computer...
CBS Expresses Interest in NBC
NEW ORLEANS (Bloomberg) -- CBS, owner of the No.1-rated television network, would like to buy rival NBC -- and would be willing to overpay for the broadcasting company, President and Chief Executive Mel Karmazin said Thursday.Karmazin, speaking at the...
Developer to Build Taste of China in Norman
HB Association has bought 55,318 square feet of commercial land in the Spring Brook Addition in Norman for $553,180 from the Elizabeth A. Murray Trust and the Christian B. Murray Trust.The buyer plans to build a Taste of China restaurant on the property....
DVD Online Event Ups Movie Disk Marketing Ante
NEW YORK -- DVD movie disks are nothing new. Online celebrity chats are even older news. Put them together though, adding loads of behind-the-scenes goodies, and you have a breakthrough.Bypassing the limitations of Internet bandwidth constraints, which...
Experts Predict Higher Borrowing Costs
NEW YORK (AP) -- As interest rates creep up in reaction to the bond market's selloff, consumers can expect higher borrowing costs, although not immediately, market experts said Thursday."The good news is so far the selloff... hasn't meant very much to...
From Gift to Graft
Charlie was floored by his good fortune. He hadn't been working very long for the Jet Propulsion Laboratory's procurement department when one of his vendor's offered him a great opportunity. "My company is having a sales celebration for our top producers...
House Approves Insurance Fraud Measure
Attacking insurance fraud through two new state entities should reduce both the incidence of that crime and insurance rates, says Rep. Kevin Cox, D-Oklahoma City.Cox persuaded his House colleagues Thursday to approve his House Bill 1502 by 92-6. It...
House Sports Wide Variety of Tax Cut Proposals
WASHINGTON -- Cutting income tax rates. Repealing inheritance taxes. Permanently extending a popular business credit. Republicans are unveiling tax cut proposals seemingly every day, but there's a problem: They can't pay for all of them.In the House,...
Landmark Towers Undergoes Retrofit
Landmark Towers, a three-building office complex on the southwest corner of Portland Avenue and the Northwest Expressway, is nearing completion of a $3 million retrofit.The project, which began last June, includes changes to gas boilers and the installation...
Many HMOs Report Higher Profits
NEW YORK (AP) -- The HMO industry's move to raise prices, cut payments to doctors and abandon unprofitable Medicare customers is paying off in higher profits.Most of the biggest health maintenance organizations, including Aetna-U.S. Healthcare, PacifiCare...
Marginal Well Tax Relief Appears to Lack Support of Texas Representatives
AUSTIN, Texas -- After zooming through the Senate like greased lightning, a measure offering up to $45 million in severance tax relief for owners of marginal oil and gas wells has bogged down in the House.The bill, which is the only "emergency" measure...
Metro Office Vacancy Rate Rises to 18.4%
Oklahoma City's office vacancy rate rose 2.6 percent in the fourth quarter to 18.4 percent.The rate stood at 15.8 percent in the same period of 1997.According to the Office Building Market Study released Thursday by CB Richard Ellis, downtown Oklahoma...
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 Corporations
Information includes name, service agent, address, and incorporator.Incorporated August 10, 1998.D K Houck Enterprises Danny K Houck, 2800 S W 115th St, Oklahoma City OK 73102. SDI Of Louisville, Kentucky Sonic Restaurants, 101 Park Ave, Oklahoma City...
New Data Reflects Economic Momentum
WASHINGTON (AP) -- New orders for big-ticket durable goods shot up at the fastest pace in 14 months while sales of existing homes climbed to an all-time high in January, indicating that the U.S. economy had plenty of momentum as it entered the new year.The...
New Locations
Received: 2/25/99Beaver CountyRepublic Energy Inc.; 4925 Greenville Ave., Dallas TX 75206 (214- 369-6692); 36 #1 McCoy; c ne 36-4n-22ecm; 1320' fsl & 1320' fwl; TD 7700' ...Test; 7000' Chester; Soon Grady County Louis Dreyfus Natural Gas Corp.; 14000...
New Voice Joins Chorus on Energy Industry Woes
WASHINGTON (JR) -- Federal lawmakers and agencies have been getting an earfull this week from Oklahomans concerned about depressed oil prices, falling rig counts and spending on environmental issues.Sen. Don Nickles blasted the administration's "failure...
Oneok to Buy $285 Million of Koch Assets
TULSA (JR) -- Oneok on Thursday said it has agreed to acquire all the Oklahoma midstream natural gas gathering and processing assets of Koch Midstream Enterprises for $285 million in cash.It was the third acquisition announced by Tulsa-based Oneok this...
Penny Earnings Drop; Gap Profits Increase
NEW YORK (AP) -- J.C. Penney reported disappointing earnings Thursday as the department store chain continued to struggle against competition from cheaper discount chains and trendier retailers like the Gap, which beat expectations its latest quarterly...
Sales of Pre-Owned Homes Rise at Record Pace
WASHINGTON (Bloomberg) -- U.S. sales of previously owned homes unexpectedly rose in January to a record pace as low mortgage rates, consumer optimism, and a sturdy job market kept luring home buyers.Resales increased 0.8 percent last month to an annual...
Santa Fe's Buckaroo Ball
Coming up this summer in Santa Fe is the sixth annual Buckaroo Ball, which has raised more than $2 million for children at risk in Santa Fe County since its inception in 1993. Why do we bring this up? Because our own Mary Mahaffey of Oklahoma City is...
The Internet Catches More Fund Investors
NEW YORK -- For many mutual fund investors, the era of the Internet isn't some vision of the future. It is already happening, and fast.Fund shareholders in rapidly rising numbers are hooking up to the Net as a way to research and track funds, check their...
The Psychology of Selling Stocks Too Soon
After a coin comes up four heads in a row, what will happen on the fifth flip? Many people mistakenly say the odds strongly favor its coming up tails, because, they figure, tails must be overdue. In fact, of course, the coin doesn't remember its previous...
Vo-Tech Program Amazes GM CEO
When John F. Smith Jr. suggested a school-to-work program for the automotive industry, especially General Motors, he was not prepared with the speed in which his idea was implemented.Smith, the GM chief executive since 1992, still is awed by the way...
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: 2/25/99Completion reports are compiled by county, operator and well information.Beaver County Brothers Production Co. Inc., Midland TX/915-682-2516 -- #2-14 Gift -- c sw se 14-2n-20ecm; TD 7709'; perf. Chester Lime 7503-48', f/522Mcf, choke...
Women Can Fill Labor Shortage
NEW HAVEN, Conn. (AP) -- From California to Connecticut, building contractors are desperately searching for women who are handy with a hammer and comfortable in a hard hat.With the economy booming and buildings going up rapidly, the construction industry...
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