Nigeria Cuts Oil Price in Bid to Pressure OPEC
Nigeria lowers crude to 26 a barrel from 40 stirring analyst talk of a price shakeout in OPEC. Libyan Algerian cuts may follow easing gasoline costs in the U S while Saudi remains at 32. US stocks slip amid renewed energy selloff as Dow drops and energy shares lead losses.
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Beirut
Lebanon
Nigeria
Middle East
Organization of Petroleum Exporting Countries
Libya
Algeria
United States
U.S
OPEC
Iran
Iraq
Kuwait
Qatar
United State
Saudi Arabia
Geneva
Switzerland
United Arab Emirates
NEW York
New York Stock Exchange
Mesa Petroleum
P.m
Superior Oil
Cities Service
Texas Oil & Gas
Standard Oil
Indiana
Schlumberger
Halliburton
Hughes Tool
Dow Jones
Mohawk Data Sciences
NYSE
McCardell to retire after 44 years at Potomac Edison
John M. McCardell will retire as president of Potomac Edison on September 1 after 44 years of service. A Frederick, Maryland native, he joined as a traveling auditor in 1937 and rose through accounting, marketing, and executive roles, including executive vice president and general manager before becoming president in January.
MENTIONED IN THIS ARTICLE
John M. McCardell
Potomac Edison
McCardell
Frederick
Washington and Lee Universiy
Harvard Graduate School of Business Administration
Phi Beta Kappa
C P seeks rate increase to add 202 million annually
The Chesapeake and Potomac Telephone Company filed with Maryland Public Service Commission for higher tariffs. Monthly residence rate in Baltimore would rise from 3.85 to 13.80. New residence installation would cost 64.90 up from 42.50. Effects on other customers vary by service type. Vice President Henry Butta cited capital needs for expansion.
MENTIONED IN THIS ARTICLE
Baltimore
Chesapeake and Potomac Telephone Company
Maryland Public Service Commission
C&p
Henry Butta
Investment Offer Promises 17.10 Percent With $1000 Entry
Investors may enter a six month CD and Notes portfolio from major banks with a target return of 17.10 percent. The offer requires about $1,000 to participate and highlights products from some of the world’s largest banks.
Ruff warns inflation looms as economy nears tipping point
Howard Ruff, a Reagan backer, argues inflation is the likeliest path for the economy amid ongoing military and social spending. He urges investors to favor hard assets or gold backed securities, criticizing tax policy that excludes such assets from pension benefits while urging a measured, balanced view. The discussion notes rising doubts about a smooth recovery.
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New York
Howard Ruff
Federal Reserve Board
Ruff
Reagan
Ruff Times
Congress
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Texaco
Warner L
Woolworth
Baker Watts & Co
Frede
Rraalraosorsterr Ood
IBM
Remington
Hermes
Olivetti
SCM
Rogers Office Supply Tion
Market St. Frederick
Pe’s McCardell
Merrill Lynch
W. Patrick St Frederick, Md
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Pete Byrn
Rene
Merrill Li Lynch
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Baler
Dave
East Patrick
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