Gulf Oil Cities Service merger halted by federal judge
A UPI report says a federal judge issued a temporary restraining order blocking Gulf Oil's 513 billion acquisition of Cities Service Co. The FTC sought the halt, claiming the merger would dampen competition in East Coast and Southeast fuel markets and pipelines. Gulf's board met amid questions over the high cost and disclosure of merger terms.
MENTIONED IN THIS ARTICLE
Washington
UPI
Gulf Oil
Cities Service Co
FTC
Richey
Gulf
Percen
Cities
Opening stocks edge higher as Dow rises in early trading
New York stocks opened higher on the NYSE with the Dow up 0.38 points from a brief deficit and the tape showing 1,087 issues advancing to 274 declining. Early turnover was about 3.14 million shares as banks cut prime lending to 15 percent and Greenspan cautioned a broader rate decline may end in a few months.
MENTIONED IN THIS ARTICLE
NEW York
UPI
New York Stock Exchange
Alan Greenspan
Greenspan
Spot Nonferrous Metal Prices and Precious Metals
New York AP reports yesterday spot copper at 75 cents a pound with 2% tolerance for US destinations. Lead 28 to 20 cents, zinc 27 to 40, aluminum 76 to 77 cents, gold at 34250 per troy ounce, silver 6450, mercury 370 per task, platinum 298. Handy & Harman daily notes.
MENTIONED IN THIS ARTICLE
New York
Handy & Harman
Gayly
Security gaps drive computer theft risk says DoD expert
Columbus AP reports Bruce Haberkamp of the U.S. Department of Defense Computer Institute warns that cutting safeguards to save costs increases theft risk and that a defense in depth is needed. He cites a Chicago student breaking DePaul’s password and urges built in safeguards plus strong administrative policies to limit access and deter insiders. He notes few thieves are convicted due to weak laws and that banks, governments, and corporations face high losses, urging careful system design and staff vetting.
MENTIONED IN THIS ARTICLE
Columbus
Bruce Haberkamp
Department of Defense Computer Institute
Security and Privacy Department
Haberkamp
Chicago
DePaul University
Brazil
Insurance Company
Alan Williams
OSU
Griffith Foundation For Insurance Education
Kidron Livestock Auction Sees Heavy Consignments and High Prices
Kadron Auction drew 1843 head from 489 consignors with 38 loads of hay and straw. Hogs topped at 1,400 with 180 to 240 pound ranges at 52.50 to 61.00, feeders steady with strong pig demand, cattle demand for Holstein cows remains high with prices from 44.00 to 46.50, calves and dairy cattle showed varied values, and miscellaneous items including one horse at 170 and bar corn at 87.50 to 95 per hundredweight were sold.
MENTIONED IN THIS ARTICLE
Kidron
Kadron
Grain price averages by Ohio regions after Thursday close
The report lists cash grain prices per bushel by Ohio regions Northeast Central and Northwest for No 2 wheat No 2 shelled corn No 2 oats and No 1 soybeans with values ranging from $1.92 to $5.97. A second note shows coffee drinker consumption fell from 3.12 cups daily in 1962 to 1.92 cups in 1981.
MENTIONED IN THIS ARTICLE
Loralp County Farm Bureau Paper Association, Inc
Toca
Columbus
UPI
Oho
Northeast
Northwest
Ohio
Central Ohio
Nordson to open new sales unit in Spain Iberica
Nordson Corp establishes Nordson Iberica to market adhesive application equipment in Spain, with Valencia operations starting October 1. Emilio Nicolau becomes general manager of Nordson Iberica, while Domain International Valencia head Juan Jose Ramos will lead Domain’s Valencia branch. The move follows growing Spanish demand and a second Valencia marketing operation.
MENTIONED IN THIS ARTICLE
Nordson Corp
Spain
Nordson Iberica
Valencia
Nordson
Domain International
Doboy Packaging Machinery
Emilio Nicolau
Juan Jose Ramos
Domain
Gunter A. Berlin
Industrial Application Equipment Group
Amherst
GM EPA offset deal faces court challenge in Detroit
A consumer group will sue the EPA over an offset deal allowing GM to produce 2.3 million cleaner 1979 model cars rather than recall 700,000 vehicles. Center for Auto Safety calls the plan illegal, saying Congress has not approved offset policy.
MENTIONED IN THIS ARTICLE
Detroit
UPI
Environmental Protection Agency
General Motors
EPA
Center For Auto Safety
Washington
Clarence Ditlow
Consumer Group
Congress
Regal
Kathleen Bennett
Martha Casey
Stan Hall
Hall
Also Mentioned on This Page
A-8 Chronicle-Telegram
Elyrio
Gulf Oil-Cities Service
US District Court
Charles R Richey
Federal Trade Commission
Gulf Coast
Fed
FRB
Federal Reserve
Ally Power
Woolworth
Allid
Ig Kellogg
Wy Xerox
Alls Chalm Gry Kroger
Zenith R
Alcoa
AMAX
Ste
Airlines
Mattel
Can
Mobil Corp
Am Can
Te Monsanto
Elec Pwr
Motorola
Am Motors
Am Nabisco
T&t
Armen
Nat Dist
Bendix
Beth Steel
Boer
Tia
la Owens CF
AG Owens
Pan Am Air
PepsiCo
Phila Klee
Colgate
Cin Edison
Cons Edison
Proc & Gam
Consu
RCA
Reynolds Mt
Curtiss
Bo Eaton
Sté Oohio
Exxon
Gen Motors
My Ual Inc
Goodrich
Union
Goodyear
Ye Unhoyt Inc
Grace
United Bite Great
A&p Tia US Steel
Greyhound
Upjohn
Westh Klee
Thea Ltd
Prolanty-Purstan
Invsariel
Business News
Ronald Olson
Roseville, Minn
Kidron Livestock
Emerson Quiet Kool
Pee Hee Ee Cet
Feury Stewart Cente
Atien
Litary Museum
Clerwee
OM Mir
Oe Sd
Kents
Atealta
Lorain County
Doug Kershaw
Welingta
Dirt
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