Banks push home banking after Microsoft Intuit setback
Banks say the failed merger buys time to win customers for home banking on PCs and screen phones. Huntington Bancshares plans an Internet home banking system while Cardinal Bancshares and others roll out electronic checking and Quicken compatible PC banking this fall.
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Microsoft-Intuit
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Huntington Bancshares
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Cardinal Bancshares Inc
Getting money from home
Americans can pay bills and view balances from home with a PC but cash withdrawals still require a bank or ATM visit. Banks plan to let people download money onto a debit or smart card by online transfer, then use the card for purchases at participating merchants.
Japanese cosmetics firm passes over Odessa site
Odessa officials said a Japanese owned cosmetics company dropped Odessa from its site list, shrinking Texas prospects to 30 of 120. Baytown and Orange remain in play while most other sites are outside Texas. Odessa eyed a South Dixie Boulevard location near a closed wastewater plant now under talk to reuse for industry.
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Turner seeks a bigger film and TV kingdom in Reuters style speech
Ted Turner told the Video Software Dealers Association that his Turner Broadcasting System aims for growth beyond a $3.4 billion year, seeking an over the air network and potential acquisition targets. He noted Turner Pictures joined the MPAA and discussed possible buys of CBS and King World, while projecting rising film costs and an aim to rival Disney and Warner Brothers.
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CBS Inc
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Houston and Dallas grain market snapshot on Monday
AP reports a wide text of commodity quotes across futures and cash markets from NYM and CBT. Includes oil prices around 19.31 to 19.69, various grain bids on sorghum corn wheat and soybeans, plus regional Texas South Plains and Fort Worth quotes and terminal bids for No 2 or No 1 grains.
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West Texas intermediate closes Monday at mixed levels
West Texas Intermediate quotes show a mixed closing as markets held steady Monday amid modest demand shifts and ongoing inventory considerations. Traders watched economic data for clues on oil demand and supply dynamics influencing next sessions.
Deadline pushes oil prices lower
New York AP reports oil futures fell as June delivery contracts closed on the New York Mercantile Exchange. Light sweet crude for June delivery settled at 19.81 dollars per barrel, down 25 cents, while July futures settled at 19.84 dollars, down 7 cents. Unleaded gasoline for next month rose to 66.46 cents per gallon, and home heating oil for June gained to 51.29 cents.
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NEW York
New York Mercantile Exchange
Argentine engineer admits stealing US chip secrets
New York report says engineer Bill Gaede stole designs and instructions for 386 486 and Pentium chips from AMD and Intel between 1983 and 1994. He claimed to passed data to Cuba China Iran and other states during the Cold War era. no charges filed. The FBI did not comment.
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New York Times
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Soviet Union
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Texas Panhandle feedlot activity stalls as bids fade
In the Panhandle and western Oklahoma, trade at a standstill early Monday with no test slaughter steers or heifers sale reports. Moderate buyer inquiry noted, but overall activity remains quiet. prices based on net weights f.o.b. after shrink. Also national hog and cattle quotes show varied steady to higher moves across Omaha and San Antonio markets.
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Amarillo
Texas Panhandle
Western Oklahoma
Panhandle
San Antonio
U.S
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