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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

Jul 06, 1982

Page

6

Wall Street Stocks Mixed In Late Trading Fluctuations

UPI reports nationwide composite prices for New York Stock Exchange listed shares show mixed moves across major names. Abbott, Aetna, Alcoa, AmAirlines, American Can and others display modest gains or declines amid fluctuating demand and trading volume.

YEW York UPI New York Stock Exchange Abbott AlleoCo Aliginti Allid Co Allis Chaim Alcoa Amrd Am Airlines AmBac Amt&t New York American Stock Exchange AdobeOi Ti Amdahl Fermont Ford Cnada Gates LJ Gulf Cda Hooit Instrum Systla Idl Bakat Kirby Expir Mmco Mitchell Numaco Petro Lewis Ve Oil Ranger Resortinti A Solitron Dev Sundance Tig Suprior India Telefiex Wanalb

Bank closes in Oklahoma Penn Square failed amid energy loans

Penn Square Bank shut insolvent after heavy energy loan exposure. FDIC takes receivership and opens Deposit Insurance National Bank at 9 a.m. to liquidate and reassure depositors. Deposits under 100000 insured. larger ones claimed. FDIC plans orderly account processing with G Michael Newton in charge.

Tim Tomlin Associated Press Oklahoma City Penn Square Bank C.T. Conover Conover Penn Square Federal Deposit Insurance Corp Alan Whitney FDIC Deposit Insurance National Bank William Isaac Whitney Bill P. Jennings Jennings United States G. Michael Newton

Pan Am overhauls amid deregulation push and new hubs

Pan American World Airways restructures under a new management team as Tulsa and Oklahoma City join Nairobi, Johannesburg, Bombay and Peking as destinations. The carrier highlights a strong balance sheet, reduced debt, asset sales, and worker concessions enabling a broader World Port plan from New York to Europe Africa and South America while preparing for gate swaps and feeder networks. The labor agreement includes an employee stock plan granting 12 percent of stock to workers and a board seat for union leaders.

Jerry C. Davis Chicago Sun-Times Tulsa Oklahoma City Nairobi Johannesburg Bombay Peking Pan Am Pan American World Airways Braniff International Airlines Jeffrey F. Kriendler Braniff Air Florida C. Edward Acker John J. Casey Gerald L. Gitner People Express William H. Waltrip Purolator Corp Gitner Tercontinental Grand Central Station New York National Airlines New Ventures Kansas City Miami Chicago Kennedy Airport Europe Africa South America Japan Air Lines U.S

Livestock market report from Fort Worth AP

Livestock prices show mixed trends with cattle and calves at Fort Worth. Slaughter cows steady to firm, feeders mostly steady, and feeder heifers weak to 0.50 lower. Slaughter bulls and some stock cows range in mid 40s to mid 50s per hundredweight with feeder weights cited from 300 to 700 pounds and cow calf pairs priced per pair.

Fort Worth

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