Occidental to hum for Bolivia oil
Occidental Petroleum Corp signed a contract with Bolivia's national oil company to search for oil in a 25 million acre area in the eastern Chaco Basin. A spokesman said Ecient and Yacimientos Petroliferas Fiscales Bolivianos will share equally in all oil found, with YPI taking a slightly larger share of natural gas. The agreement follows an earlier exploration contract.
MENTIONED IN THIS ARTICLE
OS Angeles l — Occiadental Petroleum Corp
Bolivian National Oil Company
Chaco
Bolivia
Los Angeles
Ecient
Yacimientos Petroliferas Fiscales Bolivianos
YPI
Occidental
Prime rate hits all time high as banks lift lending costs
New York and Chicago bankers move to raise the prime rate to 4 percent, the highest in history, with analysts predicting further increases to around 10 percent before a possible leveling off. The jump follows strong corporate loan demand and Fed tightening measures, marking a continued credit squeeze since the year began.
MENTIONED IN THIS ARTICLE
New York
National Bank of Chicago
Elletomers
Chicado Bank
Federal Reserve Board
Market Drops After New Loan Rate Hike Spreads
New York stocks eased as the latest rate rise weighed on sentiment. The Dow fell 2.64 to 69.21 near noon with 1,434 issues traded, volume around 1.0 million shares. Leaders and laggards varied, Nat banks raised prime rates, dollar weakness persisted overseas, trading light on the NYSE and Amex.
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New York
UPI
New York Stock Exchange
First National Bank of Chicago
Franklin National Bank of
N.Y
Wall Street
Travelodge
American Stork Exchange
Lytex
Campbell Ret Lake
ASA Ltd
Walt Disney
Schlumbersghr
Polaroid
Corning Glass
Burroughs
IBM
Fairchild Camera
Halliburton
Standard
Ohio
Phillips Petrola Point
Strets
Chermicals
Airlines
Airerafta
UAW weighs strike target as GM Chrysler Ford loom
Detroit report says more than 90 percent of GM workers authorized a strike if needed. Milwaukee meeting to select a strike target among Ford Chrysler or GM with midnight Sept 14 demands. Union aims to avoid last minute crisis by deciding now.
MENTIONED IN THIS ARTICLE
Detroit
UPS
United Auto Workers
General Motors
UAW
Fort Motor Co
Chrysler Corp
Milwaukee
Arving Bluestone
FORD
Chrysler
Fond
Thesday
Detroit-area
Chrysler Ta
Tion
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Marta
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Uae
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