Marathon Oil stockholders approve merger with U S Steel
Marathon Oil Co. shareholders vote two thirds in favor of a 6 billion merger with U S Steel Corp. to form the nation’s second largest corporate union. Mobil Oil’s bid fails as dissenting stockholders’ challenge collapses and U S Steel offers exchange of 12 year senior notes for remaining shares.
MENTIONED IN THIS ARTICLE
Harold Hoopman
Marathon Oil Corp
U.S. Steel
Man In Center
David Broderick
Marathon
Findlay
Ohio
Findlay, Ohio
UPI
Marathon Oil Co
U.S. Steel Corp
Mobil Oil Corp
DuPont
Conoco
Hoopman
James Hoy
Jim Hayes
Atlantic
Texaco
Standard Oil
California
Indiana
Shell
Gulf
Marathon Oil
IBM
RCA
Bendix Corp
Bendix
Ryder
Frank B. Hall & Co
Hall
Wang Laboratories B
Dome Petroleum
Dome Energy Ltd
Hudson's Bay Oil & Gas Co
National Association of Securities Dealers
Judicare legal fee insurance eyed by major firms
Two large insurers John Hancock and Prudential plan Judicare style policies to cover lawyers fees for middle class customers. Coverage could include wills real estate transfers adoptions divorces and criminal defense with annual prices around 100 dollars. Industry figures warn of possible high volume and quality concerns for lawyers.
MENTIONED IN THIS ARTICLE
Boston
UPI
John Hancock and
Prudential
Legal Insurance
Massachusetts
Connecticut
John Hancock
American Bar Association
Judicare
John J. Curtin, Jr
Massachusetts Bar Association
Curtin
UAW Opens GM Talks After Ford Pact Push
UAW votes 299 to 15 to resume negotiations with General Motors after Ford contract concessions and eight plant closings. Talks set to start Friday as union seeks wage and benefit protections and job security ahead of a March executive council meeting.
MENTIONED IN THIS ARTICLE
Detroit
UPI
Ford Motor Co
United Auto Workers
General Motors Corp
GM Council
UAW
Douglas Fraser
Ford
Fraser
Owen Bieber
Market see-saws as Dow ends modestly higher
UPI reports a mixed close with the Dow rising 0.67 to 805.56 amid broad fluctuations. CSX announced a $21 million merger acquiring Carolina Clinchfield & Ohio, while Exxon and Mobil led oil issues and IBM and RCA moved on mergers and blocks of shares.
MENTIONED IN THIS ARTICLE
New York
UPI
Carolina Clinchfield & Ohio Railroad
CSX Corp
Chessie
Carolina
CSX
Honeywell
Dow Jones
Dow
New York Stock Exchange
Backlogs down sales fall further worsening economy
The Commerce Department reports January inventories fell 0.4 percent while sales declined 1.6 percent. The inventory to sales ratio rose to 1.5 months of supply, indicating a still unfinished correction as production outpaced demand and retail figures also slipped.
MENTIONED IN THIS ARTICLE
Washington
UPI
Commerce Department
Spot price dips as OPEC base rate pressures hike
Spot crude prices fell about six dollars below OPEC's $34 base, with Saudi Light at $28 and Arab Heavy near $26. Trading executives say the market signals a potential cartel price cut and expect at least a $3 to $4 drop from the reference price.
MENTIONED IN THIS ARTICLE
London
UPI
OPEC
Saudi Arabia
Dairy Queen Considers Going Private After Meeting
International Dairy Queen officials say they may buy publicly held stock and take the company private. After the annual meeting shareholders approved purchase of outstanding shares as part of an incentive plan. President Harris Cooper and board chairman John Mooty note the option merits study.
MENTIONED IN THIS ARTICLE
Bloomington, Minn
UPI
International Dairy Queen
Harris Cooper
John Mooty
Dairy Queen
UCB opens Cedar Rapids data processing center
UCB Systems Inc. a Des Moines based data processing subsidiary of United Central Bancshares opens a remote processing center in the Guaranty Bank Building Cedar Rapids. Walter J. Astor named manager and four additional staff join him. The first customer is Guaranty Bank with plans to link Cedar Rapids and Des Moines computers within 60 to 90 days. UCB Systems serves 12 member banks and about 75 correspondent banks, and also processes some payrolls.
MENTIONED IN THIS ARTICLE
UCB Systems Inc
United Central Bancshares Inc
Des Moines
Cedar Rapids
Walter J. Astor
Guaranty Bank
Burroughs
Astor
William F. Dandy
UCB Systems
the Gazette
UCB
Dandy
Gazette
Kalona
Marengo
Sigourney
Also Mentioned on This Page
Exxon
Mobil
Coastal Petroleum
C.R
Midstate
Kansas City
Minneapolis-St. Paul
Chicago
Wisconsin
Midstate Airlines
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