Ashland Oil sees moderate first quarter loss amid low refining margins
Ashland Oil Inc cites depressed refining margins and maintenance turnarounds at Canton and Catlettsburg as reasons for a likely moderate loss for the fiscal first quarter ending Dec 31. The firm notes demand for gasoline and heating oil was strong in October and November, but crude and product price volatility and Persian Gulf disruption hurt margins. The company remains cautiously optimistic for fiscal 1991. GE unit sale: Amax Inc completes $515 million plus net working capital purchase of GE's Ladd Petroleum Corp and will operate it as a wholly owned subsidiary until future plans are set. Government deficit widens: November total budget shortfall hits $48.05 billion, up from $29.73 billion a year earlier.
MENTIONED IN THIS ARTICLE
Ashland Oil Inc
Ashland
Ashland Oil
Canton
Catlettsburg
Amax Inc
Amax Oil & Gas Inc
General Electric Co
Ladd Petroleum Corp
Amax
Ladd Petroleum
Amax Oil & Gas
Treasury
Money Triple Witching Hour Churns Stock Market
New York stocks moved mixed in a triple witching Friday session. The Dow edged up 4.20 to 2,633.66 while NYSE volume showed 774 advances, 793 declines, 481 unchanged. Pan Am rose, Icahn bid considered, market value up $10.89 billion to 0.35 percent gains. S&P indices gained, Nasdaq rose, AMEX down.
MENTIONED IN THIS ARTICLE
New York
Pan Am Corp
Wilshire Associates
NYSE
Standard & Poor
S&p
American Stock Exchange
Pan Am TWA close to buyout ending rivalry
In New York Pan Am and TWA moved toward a merger that would end Pan Am independence. Icahn proposed a 375 million dollar buyout with debtor in possession financing potential. Plaskett warned Pan Am needs bridge cash before any deal and continued merger evaluation.
MENTIONED IN THIS ARTICLE
NEW York
Pan Am
TWA
Trans World Airlines
Carl C. Icahn
Pan Am Corp
Thomas G. Plaskett
Uencies
Plaskett
Icahn
London
United Airlines
U.S
Feds set stage in November for rate cuts
Federal Reserve minutes show the FOMC signaled a further small rate reduction at its Nov 13 meeting. The committee cited weak economic activity and aimed to guard against a deep recession while avoiding fuel for inflation. The Fed had already cut rates four times since October and lowered the prime rate from 7.0% to 6.5% on Wednesday.
MENTIONED IN THIS ARTICLE
Washington
Federal Reserve
Monetary Policy Committee
Central Bank
Congress
Federal
Open Market Committee
How to choose credit cards for lower costs and better terms
The West Virginia Society of Certified Public Accountants explains credit card pricing and protections. It covers balance calculation methods such as previous balance and adjusted balance, grace periods, annual fees, and tips for selecting a card based on how you pay. It notes many cards now carry annual fees, sometimes with no annual fee advertised but possible later, and advises prioritizing longer grace periods, lower fees, and favorable interest terms based on your payment habits. Greg Jordan.
MENTIONED IN THIS ARTICLE
Federal Reserve Board
West Virginia Society of Certified Public Accountants
Also Mentioned on This Page
Scott & Stringfellow Investment Corp
SIPC
Abbott Labs
Allegheny Power
Oneaneinen
Ameritech
At&tom
Anheuser- Busch
Apple Computer
Ashland Coal
Ees
Atlantic
Baltimore Gas & EL
Oes
Bearings Inc
Bell Atlantic
Env
Bellsouth Corp
Bethlehem Steel
C&s
SOVRAN _acumen
Saee
Cabot Corp
Carolina Power
Chevron Corp
Chrysler Corp
Coca-Cola CO Ne
Columbia Gas Sys
Nat Nat
Detroit
Nan Ae
Walt Disney
Dominion Res
Dominion Reshs
DOW Chemical
Dupont
Eeastern Ent
Sar
Sia
Eastman Kodak
Emerson Electric
Energe Eelaaiey
Ethyl Corp
Exxon Corp
Szen
Carolina Inv
Fain
Virginia Bank
Flowers Industries
Eee
FMC Corp
Ford Motor GO
GEN. Motors Corp
GTE Corp
Georgia Pacific
Gillette CO
Glaxo Holdings
Goodyear Tire
Hercules Inc
Feu Conp
Shairs
Sitages
Ingersoll Rand
Tim
K-Mart Corp
Lowe's Co
Imi
Mapco Inc
McDonald's Corp
MC Communication
Merck & CO
Mesa Limited
Mobil Corp
Ars
Monsanto CO. Place
Incr Corp
Port Iit
Nash-Finch CO. Srieen
As, & Ess
PE Ae Pacific
Phila. Electric Ae
Philip Morris
Phillips Pete
Pittston Coal
Potomac Elec
PWR Enapeon
Bankshare
Rite Aid Corp
Eran
Rockwell Int'l
Sara Lee Corp
Sears Roebuck
Shoney's Inc Ne
Signet Banking
Lee
Asee Southern CO
Ase Tenneco Inc
Texaco Inc
Romeyrerere
Union Carbide
Cement Eater
Tai
Universal Corp
Ieee Usair Group
USX Corp
WAL Mart
Wendy's
Westinghouse
Westmoreland
Ama Westvaco Corp
Xerox Corp
DOW Jones
Vember
Phil Farmer
Joe Walker
Ginny Bovenizer
First National Bank of Bluefield
Greater Bluefield
Mercer County Board of Realtors
Bluefield Country Club
Preston Kirk
Helen Counts
Sandy Work
Dani Kirk
Feds
Lillys
Shildys
Mercer Mall
Greg Jordan
The
Daily Telegraph
Greg
Jordan
Douglas Sporting Goods Co., Inc
Brick Street
Inceton
West Virginia
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