Seagram Raises Bid for Conoco Control in Cash Offer
Seagram proposes to acquire 51 percent of Conoco for 85 a share in cash totaling 3.8 billion, upping the ante on Du Pont which offered 87.50 a share for 40 percent plus 1.6 Du Pont shares. The rival bids aim to reshape the oil and energy giant, with Texaco and others considered rivals and Conoco lining up a 3 billion credit line to respond.
MENTIONED IN THIS ARTICLE
New York
Seagram Co
Conoco Inc
du Pont Co
du Pont
Conoco
U.S
Seagram
Conoco’s
du Pont’s
New York Stock Exchange
Texaco Inc
Consolidation Coal
Texaco
Mobil Corp
Standard Oil Co
California
Shell Oil Co
Indiana
Texaco-Conoco
Exxon Inc
Thatcher makes surprise Liverpool riot visit in unrest wave
Prime Minister Margaret Thatcher toured riot hit Toxteth in Liverpool after unrest widened from London and Midlands cities to Dundee Scotland. Officials said security was tight as she met local leaders while government prepared swift riot courts and possible new measures to curb violence including jail terms and fines.
MENTIONED IN THIS ARTICLE
Liverpool
England
Margaret Thatcher
Thatcher
London
Scotland
Dundee
Menzieshill
Southall
Brixton
Ciy
Shear
Toxteth
Midlands
Leicester
Highfields
Birmingham
Wolverhampton
Coventry
Derby
Notting Hill
High Wycombe
William Whitelaw
House of Commons
Ice
David M MicNee
Rmight
Income gains outpace buying power in a tax era
A Tax Foundation study shows median family income has more than doubled from 1971 to 1981, yet after tax and inflation adjustments the real income fell 5 percent. Federal taxes rose sharply, with income security at 33.6 percent of spending and defense at 23.7 percent. agriculture remains a tiny share.
MENTIONED IN THIS ARTICLE
Louise Cook
Associated Press
The
Tax Foundation Inc
Washington, D.C
Foundation
Tax Foundation
Gasoline deliveries rely on color coded nozzles nationwide
A Phillips Petroleum figure notes 240000 service stations and 283000 tank haulers in the United States moving over 277 million gallons daily. Each truck carries 24 fuels, so fuel nozzles are color coded to prevent misfueling.
MENTIONED IN THIS ARTICLE
Bartlesville
Okla
U.S
Phillips Petroleum
Kentucky coal output questioned after 73 day strike
The Associated Press reports Kentucky may still set a 1980 record if demand and buyers respond positively after a 73 day United Mine Workers strike. Tom Duncan of the Kentucky Coal Association notes production fell sharply, especially in western fields, and stock rebuilding will determine if a new peak is possible.
MENTIONED IN THIS ARTICLE
Kentucky
Associated Press
United Mine Workers
Tomuncan
Kentucky Coal Association
State Department of Mines and Minerals
Eastern
West
UMW
Western
Duncan
State Mines and Minerals Department
Eastern Coalfields
Western Coalfields
Eastern Kentucky
Western Kentucky
Also Mentioned on This Page
Georges Band
Nantucket
Mass
Shell
New England
Marion
Wisniewski Bros. Music
Lowrey
Featuring
University Mall
Carbondale
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