Cities Service fights Mesa takeover bid amid restructuring talk
New York based Cities Service, ranked 39th in Fortune 1000, said Mesa Petroleum plans a transaction to dismember or liquidate Cities Service. Mesa, a smaller Amarillo firm holding about 3.2 million shares, faced with opposition as Cities Service vows to defend its independence amid past takeover activity and mergers.
MENTIONED IN THIS ARTICLE
New York
UPI
Cities Service
Mesa Petroleum
Tulsa, Okla
Mesa Petroleum Co
Amarillo
Texas
Mesa
Marathon Oil Co
U.S. Steel
Marathon
Mobil Oil Co
Conoco Inc
Conoco
du Pont
Rule of thumb for job search guidance
Robert Hall of the Hall employment firm proposes a timed estimate for job hunts. Start with one week per $2000 earned in the last job, then apply deductions or additions for employment status, skills, appearance, flexibility, and pay goals. The method notes many variables and does not fit career changers. Good luck.
MENTIONED IN THIS ARTICLE
Robert Hall
Stocks slide to two month low as holiday near
UPI reports a slow pre holiday session with the Dow dropping 3.81 to 824.96. Trading shows waning volume as investors fret over high rates and deficits while some merger chatter surfaces and several names like Mattel Warner and Ex Cell O move on block trades amid holiday thinness.
MENTIONED IN THIS ARTICLE
NEW York
UPI
Falkland Islands
Standard & Poor
Mattel
Warner Communications
Dow Chemical
CSX Corp
Diamond International
James Goldsmith
Goldsmith
Gasoline supplies seen adequate for Memorial Day weekend
American Petroleum Institute President Charles DiBona said motorists should have no trouble buying gasoline during normal business hours over the Memorial Day weekend. He noted inventories, refinery capacity, and a 65 percent refinery run rate, with April consumption up 1.3 percent from a year ago, and said refiners could add 1-2 million barrels per day if needed. DiBona also disputed charges that major oil firms are profiteering, citing a nationwide 31-day supply and potential shifts from primary to secondary storage as a temporary factor.
MENTIONED IN THIS ARTICLE
Washington
UPI
American Petroleum Institute
Charles DiBona
DiBona
Mideast
Oil Industry Trade Group
U.S
House Energy Subcommittee
Richard Ottinger
D-N.y
Exxon
Mobil
Amoco
Standard Oil
California
Dubuque Packing Co Calls Employee Family Meeting
The financially troubled Dubuque Packing Co plans a Sunday morning meeting for all production and supervisory staff and spouses to discuss the firm’s situation. Chairman Wahlandt and EVP Strausse will review the plant’s future as production is set to cease Oct 16.
MENTIONED IN THIS ARTICLE
Dubuque
Dubuque Packing Co
Robert Wahlart
Donald Strausse
Dubuque Pack
Dubu
Fortune Magazine
United States
Pack sites and drug firms in price fixing suit
Dubuque Packing Co filed federal court suit in Chicago against Eli Lilly and six other firms including Armour Pharmaceutical and Revlon, alleging price fixing and territory allocation to control prices for animal byproducts. The Iowa company seeks unspecified damages and says Lilly initiated the unfair competition in 1960 to curb rivals.
MENTIONED IN THIS ARTICLE
Chicago
UPI
Dubuque Packing Co
Eli Lilly Co
Packer
Lilly
Armour Pharmaceutical Co
Revlon Inc
U.S
Regional banks trim prime rates amid cautious signals
United Missouri Bancshares plans to reduce its prime rate to 15 3 4 percent from 16 percent effective Friday, joining earlier moves by two regional banks, while Citibank’s cut to 16 percent gains little traction. Separate notices report Northwestern Portland Cement recalling 215 workers, Hancor closing its Creston plant, Fisher Controls laying off 218, Wickes selling its Agriculture Division to Pillsbury for about 43.4 million, Kellogg considering HQ relocation from Battle Creek, and a 5.2 billion withdrawal from savings and loan deposits in April.
MENTIONED IN THIS ARTICLE
New York
UPI
Citibank
United Missouri Bancshares
Kansas City
Mason City
Northwestern Portland Cement Co
Jack MacNider
Northwestern
Harvester shifts pension stocks into bonds amid fund sales
International Harvester disclosed its pension fund sold between 200 and 300 million dollars of stock to a major investment banker and moved the proceeds into bonds to seek higher fixed returns. The firm denied bankruptcy rumors, citing improving cost trends and adequate liquidity as long as supplier and customer support remains.
MENTIONED IN THIS ARTICLE
Chicago
UPI
International Harvester
Louis W. Monk
Donald D. Lennox
Williams G. Karnes
Also Mentioned on This Page
John Rotrock
Springbok
Hallmark Cards
Athens
Ohio
Hall
Allied Suppliers Grocery Unit
Ex-Cell-O
Southmark
Wang Laboratories
Dome Petroleum
National Association of Securities Dealers
Judd
Rack
United Feature Syndicate, Inc
Creston (Ap
Hancor Inc
Creston
John C. Firmin
Hancor
Findlay
Firmin
Iowa
Oelwein
Fairmont
Minn
Fisher Marshalltown
Fisher Controls
Mar
Shalltown
Fisher
Wickes Sale
San Diego
Wickes Company Inc
Wickes Agriculture Division
Pillsbury Co
Minneapolis
Wickes Cos
Kellogg
Battle Creek, Mich
Federal Home Loan Bank Board
Judd Leature Syndicate, Inc
Seichow and Righter Co
Scrabble
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