Phillips Takeover Battles Signal Wall Street Power Shift
The Phillips Petroleum bid saga, led by raiders like T Boone Pickens and Carl Icahn, pits stockholders against management. High bids inflated prices and reshaped Phillips operations, warning loyal holders of potential depreciation due to heavy debt while promising broader changes in corporate governance and investor relations.
MENTIONED IN THIS ARTICLE
Wall Street
Phillips Petroleum Company
Phillips Development
Phillips
T. Boone Pickens
Texas
Carl C. Icahn
New York
Phillips Holdings
Ottawa Post Office Praised For Efficient Operations
RDS h. Dodson of Ottawa writes that the local post office runs smoothly with staff multitasking across jobs. He toured the facility, was impressed by employee attitude and procedures, and even copied some methods for his own business.
MENTIONED IN THIS ARTICLE
Ottawa
RDS
Hickman catheter feeding supports, but infection risk remains
A patient requiring long term IV nutrition via a Hickman catheter faces infection despite its advantages and long dwell time. Doctors note infections can occur and are not due to tissue rejection, while antibiotic treatment may stabilize without removing the catheter.
MENTIONED IN THIS ARTICLE
DR. Donohue
Hickman
I.V
P.S
D.J
Huck Finn survives critics in revived UC Press edition
The View From Here argues Huck Finn remains vital at 100 years, aided by a restored manuscript from University of California Press. The piece defends Twain’s language, notes dialects, and links Huck to enduring American longing, innocence, and restless, territory-seeking myth.
MENTIONED IN THIS ARTICLE
Stuart Awbrey Harris
Huck Finn
Huckleberry Finn
Tom Sawyer
University of California Press
Twain
Pike County
Huck
Grandpa
Louisa May Alcott
Clemens
Mark Twain
IBM
Memo From Mac on General Dynamics and Defense Spending
Roving editor John McCormally critiques General Dynamics for billing taxpayers for perks while Weinberger withholds 35 million in payments. He links the dog boarding and MX program to broader defense budget misdirections, argues Congress and press ignored abuse, and mocks Reagan era rhetoric while noting Senate Budget Committee increases.
MENTIONED IN THIS ARTICLE
John
Reagan
Central America
Senate
General Dynamics
Congress
Senate Budget Committee
Dividends Rise Modestly Despite Economic Struggles
AP analyst John Cunniff reports 1984 saw 2,325 of 10,000 public firms pay extra dividends, a 6.2 percent rise for the S&P 500. The pace lagged the 1976 79 recovery, inflation, and costly capital, but Wright Investors’ Service expects about 7 percent gains in 1985 with stronger earnings and easing rates, forecasting 8.6 percent annual rises over the next five years if debt remains manageable.
MENTIONED IN THIS ARTICLE
John Cunniff
NEW York
Standard & Poor
Wright Investors’ Service
Bridgeport
Wright
Ice Pirates and Classic TV Night Mix
TV listings mix sci fi space pirates with familiar faces like Robert Urich and Walter Matthau. Highlights include movies Ice Pirates and Mr. Billion, plus episodes from Magnum P I, Simon & Simon, and Knots Landing, with news, boxing, and comedy segments noted across HBO ESPN and CBS networks.
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