OPEC to Cut Oil Output By 4.5 Million Barrels A Day
In Vienna the 11 member OPEC voted unanimously to slash production by 4.5 million bpd about 5.6 percent of current output. Analysts warn the cut may stabilize prices through winter but risks renewed gasoline squeezes in spring and a slower global economy.
MENTIONED IN THIS ARTICLE
Vienna
Austria
OPEC
Leo Drollas
Think Tank
Centre For Global Energy Studies
U.S
Far East
Opec Bas
Drollas
Morgan Stanley
Dean Witter
Saudi Arabia
Ali I. Naimi
Iraq
Rodriguez
Kuwait
Algeria
Iran
Chakib Khelil
William Edwards
Edwards Energy Consultants
Katy
Texas
Farmer converts tobacco farm to 18 hole Hillsdale Springs Golf Club
Philip and Jenny Rice of Brooksville Kentucky convert their tobacco farm into an 18 hole public golf course with up to 47 home lots. After tobacco quotas shrink acreage and profits the couple fund the project with help from their son Andy, Mrs Rice's sister and neighbor Robert Turner. Estimated total cost reaches 1.5 million dollars.
MENTIONED IN THIS ARTICLE
Brooksville
Philip Rice
Jenny
Rice
Ricers
Andy
Hillsdale Springs
Phil Rice
Brookville
Four Thousand Bermuda Cruises Canceled
About 4,000 travelers with bookings on the Crown Dynasty to Bermuda this spring and summer face refunds or rerouted trips after Apple Vacations failed to reach a deal to keep the 800 passenger ship running following its Florida owner's bankruptcy. The ship, based in Philadelphia last year, had 3,000 cabins reserved at 999 to 2499 per person, with 1,000 more awaiting plans.
MENTIONED IN THIS ARTICLE
Bermuda
Crown Dynasty
Florida
Doug Brown
Apple Vacations
Newtown Square
Brown
Apple
New York
Aruba
Philadelphia
Philadelphia Naval Business Center
Chesapeake Bay
Delaware River
Phar-Mor layoffs hit 22 at headquarters
Phar-Mor Inc. laid off 22 of its 250 corporate workers in a restructuring at the Youngstown headquarters. Most affected were in the computer systems and merchandising departments as the company reported a $5.5 million loss for the year ending July 1 and $8.5 million in the first quarter of the current fiscal year.
MENTIONED IN THIS ARTICLE
Phar-Mor
Youngstown
Phar-Mor Inc
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