Conoco suitors fuel mixed market on merger drama
Market slips as Conoco jumps on a $6.9 billion bid from Du Pont, while Seagram counters and Mobil, Texaco, and others consider bids. Oil stocks lead gains amid broader light trading, with Dow off 1.33 and NYSE volume around 38 million shares.
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Conoco
Doon
New York Stock Exchange
du Pont
Seagram
Mobil
Texaco
Con‘oco
Union Oil
California
Cities Service
Federal Reserve
NYSE
American Stock Exchange
Standard & Poor
S&p
Kapok Tree Inns plans sale of Daytona Beach restaurant
Kapok Tree Inns Corp executives announce a contract to sell the Daytona Beach unit for about 19 million dollars due to unprofitability. The purchaser is not disclosed. The firm says the Florida sale will not affect its other restaurants including four Kapok Tree Inns and the Peter Pan Inn in Orleans. The Peter Pan Inn will not be sold. The Daytona sale is expected to finalize within 60 days.
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Kapok Tree Inns Corp
Clearwater
Fla
Daytona Beach
Matthew L. Szynkiewicz
Szynkiewicz
Florida
The Savings Bank Ad Emphasizes Security and Longevity
A 19th century style promotional piece urges trust in The Savings Bank highlighting insured deposits and a long history since 1818. It touts conservative investment policies, experienced directors, broadened services, and expanded offices as signs of stability and strengthened safety for customers.
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Savings Bank
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