Rig disaster: 101 still missing in North Sea platform
Divers probe the capsized Alexander I Kielland off Norway as 139 dead or missing, with over 2,000 rescuers seeking survivors. The 10,000 ton rig housed 228 workers. most aboard were sleeping or watching a movie when it toppled in 96 kmh winds.
MENTIONED IN THIS ARTICLE
Stavanger
Norway
North Sea
Per Erik Bjorklund
Phillips Petoleum Co
Alexander I. Kielland
Norweg
Phillips Petroleum
Edda
Britain
West Germany
Denmark
Tony Sylvester
Sylvester
Grimsby
England
Citibank Lifts Prime Rate to Record 19 Percent
Citibank the United States second largest bank raised its prime lending rate today to a record 19 percent the sixth rise this month. The move comes as the government tightens credit to curb inflation and slow the economy with prior shifts from 15 percent in February to 16 34 percent at the start of March. Some firms face effective rates above 25 percent, though consumer loan rates may stay below the prime due to state usury laws.
MENTIONED IN THIS ARTICLE
New York
Citibank
United States
U.S
U.S. Federal Reserve Board
Conference Board
Canada
Royal Bank of Canada
Canadian Imperial Bank of Commerce
Bank of Nova Scotia
Toronto Dominion Bank
New York Commodity Exchange
Western provinces discuss final study on power grid plan
Manitoba Saskatchewan and Alberta sign to conduct a final study on a Western hydroelectric grid. Premier Lyon notes no linking pact before Sept 30 and stresses prudent development of hydro potential. Premier Lougheed says interconnection study预计 benefits for all three provinces and announces Dunvegan Dam hydro plans.
MENTIONED IN THIS ARTICLE
Winnipeg
Manitoba
Saskatchewan
Alberta
Sterling Lyon
Lyon
Donald Craik
Edmonton
Peter Lougheed
Prairie
Lougheed
The
House
Dunvegan
Peace River
Toronto market bounces after record plunge amid panic selling
The Toronto Stock Exchange recovered from Thursday’s losses as the index rose 58.69 to 1761.20 in early trading led by oil and gas. The prior session saw a 95.65 point drop to 1702.51 amid higher rates and a silver futures collapse, with margin requirements cut to 50 percent effective April 7.
MENTIONED IN THIS ARTICLE
Toronto
Toronto Stock Exchange
Oil and Gas
The
Exchange
Canada
United States
Texas
Nelson Bunker ‘Hunt
Bank of Canada
City council approves third downtown revitalization option
Medicine Hat city council accepted the third concept by Stevens Graham MacConnell Milton Partners to realign the street grid and create a north south core around Sixth Avenue. a traffic study and public input will guide steps toward closing First Street s e between fifth and sixth avenues and a pedestrian walkway behind south Railway Street.
MENTIONED IN THIS ARTICLE
News City Council
Medicine Hat
Finlay Bridge
First Street
S.E
Third Streets
Railway Street
Stevens
Graham MacConnell
Milton Partners
Calgary
Council
Sixth
Fifth Avenue
Northeast
Crescent Heights
Stevens, Graham, MacConnell
Community Planning
Oberlander
Sixth Avenue
Maple Bridge
Higher rents forecast as controls wind down in Alberta
Edmonton and Calgary face rising rents after July decontrol with vacancy near zero. Officials cite subsidies and builder loans as partial remedies while tenants report notices of 25 to 30 percent increases. Notley and Kushner weigh continued controls or alternative supports.
MENTIONED IN THIS ARTICLE
Edmonton
Alberta
Calgary
Julian Koziak
Heritage Savings Trust Fund
Koziak
Progressive Conservative
Stan Kushner
Kushner
NDP
Grant Notley
Notley
Carter to sign windfall oil tax bill to fund energy plan
President Carter plans to sign a compromise windfall tax on the oil industry totaling 227.7 billion dollars after 11 months of congressional lobbying. The levy aims to finance the energy program as price controls end, leaving the industry about 221 billion dollars less under continued controls.
MENTIONED IN THIS ARTICLE
Washington
Congress
Carter
Senate
Robert Byrd
West Virginia
Russell Long
Dem
U.S
Also Mentioned on This Page
Riy
Sea Gem
London Evening News
Paris
Compagnie Francaise d’Enterprises Metalliques
London
Dianne Fraser
Dianne
Neil Wickham
Greenshields Inc
John Ing
Mead and Co. Ltd
Ing
Richard Helm
Downtown Business Association
Chamber of Commerce
Flats
Police Department
Peter Oberlander
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