ABP Defendants Fight Bankruptcy Cause As Market Slump Emerged
Attorneys for American Beef Packets Inc and Frank West argued in final briefs that the company’s Chapter 11 filing stemmed from a slipping cattle market rising rates cost overruns on a new Dumas plant and failed long term financing not an illegal scheme. Denney dismissed most charges and the case moves toward final rebuttals with a verdict unlikely before next year.
MENTIONED IN THIS ARTICLE
Omaha, Neb
American Beef Packets, Inc
ABP
Frank R. West
Snd
Dumas
Tex
Denney
OPEC Eyes Simplified Pricing and Possible New Members
In Vienna OPEC ministers consider streamlining pricing for high quality oil and weigh admitting small producers including Zaire and Syria. Iraq accused Kuwait of skewing premiums as basic price rose 10 percent in Sept. A showdown over internal price policing may test unity. SDR pricing also discussed.
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Vienna
Austria
Organization of Petroleum Exporting Countries
OPEC
Iraq
Kuwait
Ras Tanura
Peercamntis Sie Yseneige
Zaire
Syria
Iran
Venezuela
Angola
Popular Movement
MPLA
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