Texaco and Pennzoil stock tumble after bankruptcy filing
Texaco filed for Chapter 11 protection causing its shares to fall 11 percent and Pennzoil to drop about 16.5 percent amid uncertainty over its $11 billion judgment. Moody's and S and P cut Texaco ratings while Texaco officials say ongoing operations remain unaffected.
MENTIONED IN THIS ARTICLE
New York
Wall Street
Texaco
Texaco Inc
Pennzoil Co
New York Stock Exchange
Pennzoil
Houston
Texas
White Plains
Bruce Lazier
Prescott, Ball & Turben Inc
US Supreme Court
H.B. Juengling
Underwood, Neuhaus & Co. Inc
Getty Oil Co
Pennzo
Moody's Investors Services
Standard & Poor’s Corp
Alfred C. DeCrane Jr
Creston Auction Sees 447 Consignors Sell 996 Head
A Creston sale featured 447 consignors offering 996 head of livestock plus five goats. Calves, sheep, hogs and cattle posted varied prices across multiple categories, with hay and straw loads totaling 18 consignments. Prices ranged broadly from $13.50 per head for pigs to mid‑eighties for choice cattle.
MENTIONED IN THIS ARTICLE
Creston
Interest rates soar on short term U S bills
Treasury sold 6.6 billion in three month bills at 5.98 percent, and 6.6 billion in six month bills at 6.08 percent. Rates are the highest in about 10 months, with discount yields understate actual returns.
MENTIONED IN THIS ARTICLE
Washington
Treasury
Treasury Department
Reagan Resists Broad Japan Trade Sanctions Push
U S and Japanese firms urge sparing many imports from planned sanctions while the White House insists no blanket reprieve will be granted. A four agency panel wrapped hearings on tariffs up to 100 percent aimed at retaliation for a 1986 chip pact and alleged dumping. The duties cover 300 million in U S semiconductor losses as U S firms press for relief.
MENTIONED IN THIS ARTICLE
Washington
U.S
Reagan
White House
Manu
Trade deficit widens to 15.1 billion in February
The February U S merchandise trade gap rose to 15.1 billion, up from 12.3 billion in January. Imports climbed to 33.7 billion while exports increased to 18.7 billion, with surpluses and deficits spread across Japan, Canada and Western Europe. Oil and manufactured goods imports also rose, keeping economists watching for a dollar-driven recovery.
MENTIONED IN THIS ARTICLE
Washington
Japan
Canada
Europe
Commerce Department
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NYSE
LastChg
ASA
Alcoa
Fly Ami
At&t i
Asarco
AdRich
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BokTr
Becor
Bate
Bengtb
Boeing
Aisa
Conran
duPont
DufPhn
Echlin
Din Gannett S
Js Gondyr
Ay Hansas
Hin
Holand
Wy JohnJn
A Kmart
Kraft
Lilly
Loews
Martm
Ay Ie McDals
Tihs
Melvill
Ou Merck
Agit Ge Az MerLyn
Ay Mesalp
TK Mobil
aG*s
Monsan
Morton
PacTels
Panam
Pepsi
Pilsby's
SSMC
Tate Tal
Unocal
Ty Vartly
Wrnc
Goodrich
TC Industries
Bbly Invacare It
LCB Bancorp
LNB Bancorp
A Lesco Inc
Nordson Ali
Ohio Edison Northern Savings
Parker Hannifin
Is Smucker Aig
Nee Utilities
Woolworth
ABA
York International
Creston Livestock
Baker
Howard H. Baker Jr
Santa Barbara
Calif
Lea
Detroit
Koepke Motors
Lakewood, Chio
Ira
Mid-Ohio Securities
Phone
Mid-Ohio Securities Corp
Pembers National Association of
Lorain
Elyria
Freedom Line
Donald Po Maillard
Lorain County Bank
Freedom Center
Middle Ave
Elyna
Ohio
Re Ee Lendi
FDIC
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