Oil price drop fuels Middle East tensions and growth
Bank of America analyst Admassu Bezabeh warns that falling oil revenues and inflation could destabilize Middle East politics through 1988. Despite short-term volatility, long term prospects remain tied to vast oil reserves and rising world demand.
MENTIONED IN THIS ARTICLE
Middle East
BAC
San Francisco
Bank of America
Bank
World Information Services
Saudi Arabia
Admassu Bezabeh
Kuwait
Iran
Iraq
Bezabeh
Jordan
OPEC
Nader Blasts Liability Caps Amid Reagan Push
Ralph Nader denounces proposed limits on damage awards and joint liability as a threat to the right to sue. Meese defends reforms as updating the system to curb excesses while a consumer group accuses insurers of illegal boycott to pressure civil litigation rules.
MENTIONED IN THIS ARTICLE
Nader
Washington
Reagan
Ralph Nader
Interagency Task Force
Ronald Reagan
Edwin Meese
Meese
Jay Angoff
National Insurance Consumer Organization
Angoff
Justice Department
Market swings as oil outlook spurs mixed close
New York stocks finished mixed after an initial selloff as oil price outlooks drove volatility. The Dow ended up 5.15 at 1,795.26 as NYSE volume eased to 145.30 million shares amid early gains from oil, later cooled by White House remarks and a slip in energy costs. prossession
MENTIONED IN THIS ARTICLE
New York
New York Stock Exchange
Bush
United States
Larry Speakes
White House
Reagan
United Fire & Casualty plans stock offering
United Fire & Casualty Co. of Cedar Rapids filed a registration with the SEC for a public offering of 600000 shares of common stock. Underwriters may buy up to 90000 additional shares for over allotments. Proceeds will boost statutory capital and surplus, increasing underwriting capacity. Prescott Ball & Turben of Cleveland is lead underwriter. offering expected later this month.
MENTIONED IN THIS ARTICLE
United Fire & Casualty Co
Cedar Rapids
Securities and Exchange Commission
Scott McIntyre Jr
UFC
Prescott, Ball & Turben Inc
Cleveland
Ohio
TWA attendants vote to continue strike in 17 cities
AP reports 97 percent of 2,400 flight attendants voted to keep the 34 week old strike against Trans World Airlines. Attendants rejected a secret ballot on the airline's latest contract proposal while wage concessions and work rule changes remain central.
MENTIONED IN THIS ARTICLE
St.louis
Trans World Airlines
St. Louis Post-Dispatch
TWA
UAW and Yeutter Warn Japanese Carmakers on U.S. Parts
U S Trade Ambassador Clayton Yeutter warned at a U S Japan trade conference that the Reagan administration could intervene if Japanese carmakers do not buy American parts for U S assembly. UAW head Owen Bieber said a union study finds Japanese plants create only about a quarter as many U S jobs as domestic firms due to reliance on Japanese parts.
MENTIONED IN THIS ARTICLE
Ann Arbor
Mich
United Auto Workers Union
U.S
Clayton Yeutter
UAW
Owen Bieber
United States
Japan
SBA chief fires five regional aides on first day
Acting Small Business Administration head Charles Heatherly asked five regional admins to resign by end of Tuesday. The targets were in Boston, Philadelphia, Dallas, Denver and San Francisco with no action yet in New York, Chicago, Dallas, Kansas City and Seattle. Some lawmakers saw the move as a first step toward dismantling the agency.
MENTIONED IN THIS ARTICLE
Washington
Small Business Administration
Charles Heatherly
Boston
Philadelphia
Dallas
Denver
San Francisco
New York
Chicago
Kansas City
Seattle
SBA
Rick Utley
Heatherly
House
Small Business Committee
Reagan
James H. Angevine
Robert T. Shuker
Reynaldo H. Lopez
Carlos Suarez
Jenine Perrignon
WMT Radio Stations Put Up for Sale
Cosmos Broadcasting Corp of Columbia S C announces sale of WMT AM and F M Cedar Rapids stations and another radio property as it shifts focus to television stations. The WMT lineage traces back to 1922 founder Douglas Perham and owner Harry Shaw who renamed WJAM to WMT in Waterloo.
MENTIONED IN THIS ARTICLE
WMT
Cosmos Broadcasting Corp
Columbia
S.C
Cedar Rapids
Cosmos
WMT Radio
Orion Broadcasting
Louisville
WMT Television
KGAN
Guy Gannett Broadcasting
Portland
Maine
Liberty Corp
Greenville
New York Stock Exchange
Orion
American Broadcasting Stations
Cowles Communications
Harry Shaw
Shaw
Waterloo Morning Tribune
WJAM
Douglas Perham
Waterloo
Perham
Northwest Republic merger faces DOJ challenge
Northwest Airlines and Republic Airlines officials say they remain confident the merger will be approved despite Justice Department opposition. The DOJ argues consumers could lose 3 to 64 million dollars annually, while the Transportation Department will decide, a decision area where it sometimes overrules DOJ advice. The plan, reached Jan 23, would see Northwest acquire Republic for 884 million dollars in the largest airline deal on record.
MENTIONED IN THIS ARTICLE
Washington
Northwest Airlines
Republic Airlines
Justice Department
Transportation Department
Northwest
Republic
Also Mentioned on This Page
Randa
James Sasser
D-Tenn
Marc Rosenberg
Insurance Information Institute
MONEY
United Fire & Casualty Plans
Tion
Committee
Parren Mitchell
D-Md
Major Clark
Utley
Rei
Menny Spocks
Stuart-James Oe Asbenanr
Post Oak Blvd
Houston
Steve Lang
Adc
FDIC
FSLIC
SCI
Fond Ave
Rapids
Iowa
Wats
Iowa City
R Securities Corporation of
Lowa
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