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Newspaper
Odessa American
Location
Odessa, Texas, United States of America
Date
Dec 20, 1987
Page
1
Texaco and Pennzoil resolved a long legal battle as Texaco agreed to pay Pennzoil 3 billion dollars under a 5.5 billion bankruptcy plan. The arrangement drops Pennzoil's 10.3 billion judgment and moves Texaco toward restructuring to maximize shareholder value.
Ector County Commissioner Joe Hernandez says residents ignore litter problems and opponents of dumping persist. Precinct 4 Constable Joe Hill credits a county expense account change for reducing trash, with four major south area dump sites monitored weekly. Litter fines under the Highway Litter Act range up to 200 dollars first offense and 1000 dollars second offense. City disposal fees cited as 2.50 per load.
Washington officials reached a tentative agreement to provide about 8 million dollars in non military aid to the Nicaraguan Contra rebels. The accord would unblock two large budget bills and cover government funding through a stop gap measure as talks continue.
In east Jerusalem violence erupts as Palestinian youths trash buildings and clash with police. Thirty-three Palestinians arrested and four Israeli police injured as curfews and dispersal efforts spread across the West Bank and Gaza. Death toll disputed, with reported Arab casualties ranging from 15 to 20.
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