Oil lease sale sets record bids in Gulf of Mexico auction
Offshore bid event at the Superdome as 78 firms offered 1,015 bids on 656 tracts totaling 40 million acres. High bid of 180 million dollars for Ship Shoal tract led by Mobil Oil and partners. Watt hailed market mechanism while announcing lease terms.
MENTIONED IN THIS ARTICLE
New Orleans
Oib
Interor
James Watt
Gulf of Mexico
Superdome
Watt
Washington
Gulf
America
Dave Russell
Minerals Management Service
Fay Trant Co Mara
Ship
Terrebonne Parish
Mobil Oil, Exploration and Producing, Southeast Inc
Kerr-McGee Corp
Sohio Petroleum
Rankin
Auto insurance fund seeks 30 percent rate hike in Maryland
The Maryland Automobile Insurance Fund seeks increases up to 30.2 percent, averaging 24.8 percent statewide, with urban drivers bearing the heaviest burden. A hearing is set for Friday at 10 a.m. to consider the proposal, which follows rising medical and repair costs and higher urban claims.
MENTIONED IN THIS ARTICLE
Baltimore
Maryland Automobile Insurance Fund
Edward J. Muhl
Montgomery County
Baltimore City
Vincent
Howley
Maryland
Delaware presses Chrysler for early loan repayment
A Delaware legislative panel sent a telegram urging Chrysler Corp to repay the $5 million state loan ahead of schedule. The loan, made in 1980 to help Chrysler qualify for federal guarantees, is normally paid in semiannual installments through 1994, with the state facing a looming budget gap and a no-growth plan for 1994.
MENTIONED IN THIS ARTICLE
Dover
Del
Chrysler Corp
Delaware
General Assembly
Chrysler
Joint Finance Committee
Lee Iacocca
Robert Heath
Edward Bennett
Nancy Cook
Bell earnings rise as after tax gains 39 weeks to March 1983
W Bell & Co Inc reports after tax earnings of 1.7397 million for the 39 weeks ended March 26 1983 up 16 percent from 1.496 million the prior year. Sales totaled 96.676 million for the period up 9 percent from 106.129 million. For the 13 weeks ended March 26 1983 earnings were 103900 up from a 86800 loss year earlier while sales were 23.527 million down 10 percent from 26.077 million.
MENTIONED IN THIS ARTICLE
W. Bell & Co. Inc
Shockley's VW Audi earns AAA Approved Auto Repair status
AAA-certified Shockley's in Frederick joins 10 Maryland Delaware facilities in the guaranteed repairs project meeting AAA standards for workmanship cleanliness and customer service. Directors of First Maryland Bancorp declare a quarterly cash dividend of 37 cents per share payable July 1 1983 to stockholders of record June 17 1983.
MENTIONED IN THIS ARTICLE
Shockley
Vw-Audi Inc
Frederick
AAA Automobile Club of Maryland
Jeft
Robert E. Ellison
Cam
AAA
Maryland
Frank W. Doran
Alfred P. Shockley
Shockley’s
George Millett
Buckeystown Pike
Delaware
Ellison
News-Post
EMR Amt
First Maryland Bancorp
General Tire & Rubber Co
Market advances extend third day as Dow nears record highs
New York stocks rose for a third straight session with the Dow crossing toward the May peak amid robust fund inflows and optimism for a sustained economic upturn. Volume reached 121.05 million shares as active fund buyers and traders pushed indices to new highs across the market.
MENTIONED IN THIS ARTICLE
New York
New York Stock Exchange
Investment Company Institute
Mutual-Fund Trade Association
Lawrence Kudlow
Office of Management and Budget
NYSE
Standard & Poor
S&p
Also Mentioned on This Page
Odeco Oil and Gas Co
Murphy Oil
Louisiana
Mississippi
Alabama
Auto Insurance Fund
BELL
Frederick County
Worth Market
Rosemont
Bankeng Sa
Beas
E. Patrick St
Aru
the News
Frederick. Wd
F&m
AAEM
One Gate
Dow Jones
Undigd PY
Avemco Corp
Balt GE
Black Dr
CSX Corp Ve
Clorox Comsat Au
Exxon Dice —m Fairchild Ind
F&m National
Fedders
Fst Md Bn
Farmers and Mechanics National Bank
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