Oil firms press for lower crude prices amid glut
Oil companies push producers to cut prices sharply amid a world oil glut and refinery losses. Firms report losses on oil processed and seek lower crude costs. executives warn against high prices while consumers see falling gasoline prices. Strong entities include Exxon, Shell, OPEC, Kuwait, Qatar, Iraq, Libya, Nigeria, Algeria, Mexico, Malaysia, Indonesia, and North Sea producers.
MENTIONED IN THIS ARTICLE
Douglas Martin
New York Times
OPEC
Halsey Peckworth
Platt
Oilgram Price Reports
OPHC
Mexico
Egypt
Norway
Britain
Persian Gulf
Kuwait
Qatar
Iraq
Libya
Nigeria
Algeria
Malaysia
Indonesia
North Sea
C.C. Garvin Jr
Exxon Corp
Graint Oil Company
Gold rises as dollar eases after rate spike
In quiet European trade the dollar eased after US rate hikes sent it to peaks last week. gold moved up in London to 473.50 per troy ounce, while Zurich saw no trading and Hong Kong gold fell to 462.21. Silver hovered near 10.03 in London, and US installments credit in April rose by 2.33 billion with auto loans leading the way, per the Fed. Lincoln-Mercury dealers in the New York region posted a 150 percent jump in May sales to 4,104 units, with Zephyr leading the division. Wall Street remained wary as Reagan plan faces higher costs across markets.
MENTIONED IN THIS ARTICLE
Europe
London
Zurich
Hong Kong
New York
Handy & Harman
Federal Reserve Board
Fed
Lincoln-Mercury
Ford Motor Co
Thomas O'Hare
New Jersey
Connecticut
Zephyr
Lincoln
Mercury
Lynx
O'Hare
Drops proxy fight SCM buys out Rockwell
SCM Corp paid its largest stock holder 5.3 million to drop a proxy fight and stay away from SCM for 10 years. Willard F. Rockwell Jr. once chaired Rockwell International and led dissidents who held about 1.3 percent of SCM. He aimed to restructure SCM by selling food and dividing into two firms while critics cited nine straight years of SCM profit and growth.
MENTIONED IN THIS ARTICLE
SCM Corp
Willard F. Rockwell Jr
Pittsburgh
Rockwell International Corp
SCM
Rockwell
Paul H. Elicker
Elicker
Supreme Court backs credit card firms in dispute revocation
The Supreme Court ruled unanimously that credit card issuers may revoke cards during business billing disputes without extending the same challenge rights to business accounts. The decision overturned a lower court ruling and involved Louis Koerner Sr., a New Orleans flour wholesaler, whose company account was used for airline payment.
MENTIONED IN THIS ARTICLE
Washington
UPI
Sypreme Court
High Court
American Express Co
New Orleans
Louis Koerner Sr
American Express
Koerner
Koerner Co
Harry Blackmun
Blackmun
Koern
Legal clash over imported auto workers at NPG
Attorneys for New Process Gear seek dismissal of United Auto Workers Local 624 action challenging NPG over imported laid off workers. The I.U.W. plans to seek permission to join the suit. Local 624 president Courcy critiques imports, while the international union weighs arbitration and possible involvement.
MENTIONED IN THIS ARTICLE
New Process Gear Corp
United Auto Workers Local 624
NPG
International Union of
United Auto Workers
Howard G. Munson
Npg-Local 624
Local 624
NPC
Chrysler Corp
Netrait
Chrysler
the International
Detroit Auto
Eeast Syracuse
John Courcy
Art
Courcy
Ohio
Courey
John
Medical malpractice crisis grows costs and fears rise
A multi paragraph column outlines a rising medical malpractice crisis with soaring premiums, defensive medicine driving up costs, and doctors delaying or avoiding high risk procedures. It notes insurers’ losses, potential market exits, and the broader impact on patients and hospitals as the trend shows no reversal.
MENTIONED IN THIS ARTICLE
St. Paul Fire & Marine Insurance Co
T Harrow
Also Mentioned on This Page
Ang
International Petroleum Encyclopedia
Petroleum Intelligence Weekly
Shell Oil Co
Henry Sullivan
Shell
Business Digest
Japan Economic Institute
Consumer Credit Up
Wall Street
Conlet
Blicker
General Electric
Auburn
Laura Corwin
David Peebles
Walter
McNorney
Blue Cross
Ratiue
Sally Sm
Patiens
By Sylvia Porter
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