Durable goods orders edge up in September
New factory orders for durable goods rose 0.2 percent in September, below expectations, according to the Commerce Department. The department also revised downward August orders, while chief economist Robert Ortner noted a small but positive September gain after a revised 4.4 percent drop in August.
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Robert Ortner
Commerce Department
The
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Wall Street Grows Creaking Demand Amid Fed Signals
In the week to Oct 13 public climbed 3.2 billion, beating analyst estimates. Fed to hold reserves steady, rate outlook dampened by New York loan demand drop. National Steel’s Howard Love warns of fourth quarter losses despite a small rate decline aiding consumer spending. Dollar fluctuated globally while gold held near 426 per ounce.
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Federal Reserve
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National Steel Corp
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Love
Japan
Europe
U.S
Audit findings prompt probe of executive perks at DOE contractor
An audit released Friday, requested by Rep. Dingell and Rep. Marks, highlights luxury benefits for Petroleum Operations and Support Services Inc. executives. Public official Guy King says he has not seen the report, and the company has not paid executive bonuses. DOE spokesman Bob White says the matter is being resolved and compensation levels set. The audit accuses mismanagement and taxpayer waste, noting country club memberships private school tuition for executives children furnished apartments and high living costs in New Orleans with salaries up to 48 percent above prior levels.
MENTIONED IN THIS ARTICLE
Guy King
Petroleum Operations and Support Services Inc
John Dingell
D-Mich
House Energy and Commerce Committee
Marc Marks
Rpa
Mittee
Energy Department
Bob White
DOE
Banks seek tax change for bank stock taxation
Texas bankers urged a legislative change to tax bank stock and align taxation with savings and loan associations. Spokesmen said current taxes are excessive and inequitable and asked that banks be taxed under the franchise tax like other corporations.
MENTIONED IN THIS ARTICLE
Austin
Texas
Travis G. Howard
Texas Commerce Bank
Houston
House
Howard
Sunny Weekend Near Odessa with Warm Temperatures Ahead
The Odessa area expects sunny skies and warmer weekend weather with highs near 70 today and mid 70s Sunday. NWS notes clearing skies across Texas, with Saturday highs mainly 60s to 70s, and upper 70s to 80s in extreme South Texas and the Big Bend. Readings from Midland show Friday high 67, low 37, no precipitation, and October rainfall 1.01 inches.
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Odessa
Texas
National Weather Service
South
Big Bend
Weather Service
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West Texas
Panhandle
Five indicted in Gulf Oil extortion plot case in Houston
U S attorney says a woman promised immunity for information on a bomb extortion attempt against Gulf Oil Chemicals Co is among five Durango Colorado suspects indicted. Jill Renee Bird and John Marvin McBride lead the scheme with Theodore Duane McKinney Timothy K Justice and Michael Allen Worth. Judge Gabriel McDonald denied a protective order to preserve Bird immunity as grand jury proceedings continue. Government says Bird immunity was withdrawn after McBride failed to meet his bargain terms.
MENTIONED IN THIS ARTICLE
Gabrielle McDonald
Ms. Bird
McBride
Miners union takes 2.5 million line of credit
The United Mine Workers obtained a 2.5 million credit line from National Savings & Trust Co with a union parking lot worth 10 million in Washington as collateral to cover administrative costs amid a dues-based layoffs surge. The move accompanies a bitter presidential campaign between Sam Church and Richard Trumka.
MENTIONED IN THIS ARTICLE
Washington
United Mine Workers
Sam Church
Gary Callen
Church
Odessa American masthead and mailing notice
Publication details for The Odessa American include address in Odessa Texas, daily and Sunday publication, mailing class and subscription rates, and post office information. Includes postmaster address, delivery hours, and contact for delivery problems.
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Fourth Street
Odessa
Texas
Odessa American
P.O
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