Gas shortages to worsen in May says oil firms
Long lines and closed signs at gas stations are likely to persist in May as oil companies further cut gasoline allocations to dealers due to tight crude supplies and a government emphasis on heating oil. Major firms report partial cuts, with some areas protected for hardship and public service customers. overall May sales may run near 90 percent of last May’s levels.
MENTIONED IN THIS ARTICLE
Mark Fotts
NEW York
Standard Ol Co
California
Chevron
Atlantic Richfield
Standard Oil Co of Indiana
Amoco
Exxon
Shell
Dan Lundberg
Lundberg Letter
Tumé
Takeovers spur market in mixed Monday trading
Markets closed with a small overall loss as takeover developments and rumors drove activity in New York. The Dow slipped 174 to 8549, while the Amex rose to a new high 18418 with Brascan trading 31 million shares amid takeover chatter involving Edper Equities and FW Woolworth.
MENTIONED IN THIS ARTICLE
NEW York
New York Stock Exchange
American Stock Exchange
Amex
Brascan Ltd
Brascan
Edper Equities Ltd
Edper
FW Woolworth Co
Woolworth
NYSE
Exchange
Standard & Poor
S&ps
Banking privacy law could raise costs on lending
ABA Privacy Task Force chair JW McLean warns that implementing the Federal Privacy Protection Study Commission's recommendations could raise first year costs for retail lending and shrink consumer access to loans. The study, released at the ABA Government Relations Council meeting, notes higher disclosure costs and potential new legal exposures as banks face tighter privacy rules.
MENTIONED IN THIS ARTICLE
Federal
Privacy Protection Study Commission
American Bankers Association
ABA
JW McLean
Touche Ross & Co
McLean
Liberty Nasonal Bank & Trustfs Okizhome Ty
White Sulphur Springs
and & Sans
Commission
Eithey Margcal Cr N
Women Organize for Board Seats in GM Discussion
John Cunniff reports on New York women challenging gender barriers in business. The Financial Women's Association released a list of women to invite for corporate boards as General Motors Chairman Thomas Murphy cites rising management opportunities for women. The piece notes the persistence of the old boy network and the need for women to push for openings and advocate for themselves.
MENTIONED IN THIS ARTICLE
New York
Financial Women’s Association of
General Motors
Thomas Murphy
Old Boy Network
New York Financial
Murphy
GM 18
Exxon
Procter and Gamble
Scott Paper
Sun Company
Enduring fears fuel alarmist money forecasts in 1970s lending
A New York column deconstructs the rise of fear mongering about economic doom. It notes past 1970s forecasts missed by wide margins, arguing pessimists exploit public anxiety while genuine inflation and policy issues persist, and praises skeptical resilience amid a long peacetime expansion.
MENTIONED IN THIS ARTICLE
New York
Jacdine
Maurl Order
Zurich
Also Mentioned on This Page
The
Frederick, Md
Save Lawe
Fair Credit Reporting Act
ABA Government Relations Council
Association
Dow Jones Industrials
Allg Pw
ATT
M Balt GE
BethStl
Chessie
A&p
Gulf Oil
Harris
IBM
Kmart
Litton
Marriott Corp
Sears
Texaco
Warner
Robert Hooper
Baker, Watts & Co
John Cunniff
Louis Rakevser
Cassandras
Associated Press
Holy Land
Boyer Travel Agency
Church St
CAVCO
John Coker
ATO Z
General Assembly of Maryland
Charles C. Keller
Maryland National
Maryland National Bank
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