Stocks Slip As Market Faces Saudi Oil Price Hike
Stocks extend losses on rumors of higher Saudi oil prices with the Dow down about 98 points. Analysts cite potential Organization of Petroleum Exporting Countries price increases as a drag on sentiment. Big Board volume nears 882 million shares while Amex index slips. ESmerk raises bid to 25 a share as Tempe directors resist.
MENTIONED IN THIS ARTICLE
New York
Enya
A York Stock Exchange
Saudi Arabia
Petroleuian
Tsimie
Fox
Oun
Stedl Tarmon
Atee Exchange
NYSE
Ty Anballine
Inmont
Esmerk
Tempe
Norton Simon bids for 47 percent of Avis car rental
Norton Simon Inc offers over 20.25 a share for 47 percent of Avis Inc, the nation’s second largest car rental company. Chairman David Mansee says the preliminary bid targets shares held by trustee Richard Joyce Smith under a federal antitrust agreement involving ITT.
MENTIONED IN THIS ARTICLE
New York
Norton Simon Inc
Avis Inc
Norton Simon
Ltd
David Manseey
AAS Avis
Richard Joyce “Smith
Smith
International Telephone & Telegraph Corp
Avis
I ‘Ceing
Hartford Fire Insurance
Also Mentioned on This Page
Vane
Fae
Bavaria
Ieee
Leon
Praia
Alana
Pere
Simon