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Odessa American in Odessa, Texas

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This newspaper page contains 4 articles. Subscribers can read the full text of each article.

Newspaper

Odessa American

Location

Odessa, Texas, United States of America

Date

Aug 28, 1986

Page

27

Productivity slips as second quarter output falls

Washington reports non farm business productivity declined 0.5 percent annual rate in Q2 after a 4.3 percent rise in Q1, as hours worked rose 0.2 percent but output fell 0.3 percent from Q1. Revised GNP figures had shown weak growth, with analysts noting inventory build and limited layoffs. Financial data show wage gains softening but real compensation still below 1977 levels.

Washington Bureau of Labor Statistics Commerce Department John Hagens Chase Econometrics Bala Cynwyd Hagens

Oil Firms Bid Least in Three Years on Gulf Leases

New Orleans reports oil majors offered 70 million for offshore Texas sea bottom drilling rights, the lowest western Gulf sale in the government area wide format. Forty one tracts attracted bids from nearly five thousand available, with most at 5 000 acres and some in deep water. Only two bids were received. opening took about 15 minutes.

New Orleans Texas Gulf of Mexico

Tax shelters fall out of favor as law changes loom

In New York, lawmakers and the public turn against tax shelters as new legislation targets loopholes. Investors face loss of anticipated tax benefits, potential penalties, and higher capital gains taxes, prompting many to rethink real estate partnerships and oil ventures once fed by depreciation. Critics say these deals abused the law’s intent.

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Mushroom production declines in 1985 86 season shows drop

U S mushroom output for the 1985 86 marketing year ended June 30 totaled 588 million pounds, down 1 percent from the prior season though still the second largest on record. Pennsylvania led with 256 million pounds, down 7 percent, as reduced plantings, import competition, and weak prices cited by a spokesman explain the downturn.

Washington Agriculture Department Department Agricultural Statistics Board Pennsylvania U.S

Also Mentioned on This Page

Dennis Elam Financial Services E. University Odessa WATS Dennis Elam Jim Williams KRIG Bob Angle Robert Angie First Affiliated Securities, Inc NASD SIPC L.D. Unlimited FDIC Southwest Sun Midland Texas Central Business District Maverick County Rio Grande River Kermit Hwy Casa Carrizo CST Betty Byron Federal Deposit Insurance Corporation
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