Texaco Saudis plan joint U.S. refining venture
Texaco and Saudi Arabia announced a downstream joint venture to refine and market petroleum in the United States. Saudi Refining will hold half interest in Texaco assets across 23 eastern Gulf states and Washington, with 49 terminals and over 10,000 service stations. The deal values Saudi input at 800 million and 40 million barrels of initial inventory, aiming at about 2 billion dollars in cash benefits. Analysts note foreign leverage risks as Texaco battles Icahn for control amid Pennzoil litigation fallout.
MENTIONED IN THIS ARTICLE
New York
Texaco Inc
Saudi Arabia
United States
U.S
Texaco
Saudi Refining Inc
Gulf Coast
Washington
Delaware City
Del
Ohio egg prices and New York metals close report
Columbus and major Ohio markets show changes in egg prices with large and extra large sizes noted. New York metals close lists gold silver platinum and base metals with per troy ounce and per pound figures. Grain futures at Loran County Farms Aureae Cooperative highlight wheat barley corn soybeans with closing prices.
MENTIONED IN THIS ARTICLE
Ohio
Curtans
New York
Loran County Farms Aureae Cooperative Association
Shellid Corp
Meese expects 90 day indictments in Pentagon bribery probe
Attorney General Edwin Meese III says indictments are expected within 90 days in the Pentagon bribery inquiry. The probe centers on alleged sale of secret information to defense contractors via their paid consultants.
MENTIONED IN THIS ARTICLE
Washington
Edwin Meese III
Pentagon
Meese
Kidron livestock market reacts to drought hit demand
In Ohio Kidron auction markets hogs held steady despite drought pressures while feeder pigs and calves showed mixed moves. Prices fell sharply for Holstein calves and cows, with dairy cattle and beef prices quoted across multiple weight classes and a sizable hay and straw market turning over. A detailed search warrant linked to defense contractor K McDonnell Douglas and United Technologies surfaced, detailing confidential Pentagon program information and alleged consulting ties to Melvyn Paisley.
MENTIONED IN THIS ARTICLE
Kidron
Ohio
Nell Douglas
Pentagon
St. Louis
Paisley
United Technologies
Washington
FBI
S&P cuts Revco debt rating in $693 million note downgrade
S&P reduced Revco D.S. Inc subor dinated debt from C to D after missed interest payment due Wednesday. Revco parent Anne Holding Corp. also skipped a 130 million dollar preferred stock dividend. Revco, based in Twinsburg near Cleveland, cited cash restric tions. The firm operates 2000 drug stores in 27 states.
MENTIONED IN THIS ARTICLE
Twinsburg
Standard & Poor’s Rating Service
Revco D.S. Inc
Revco
Anne Holding Corp
Cleveland
Also Mentioned on This Page
George J Gaspar
Milwaukee
Robert W Baird & Co
Carl C. Icahn
Icahn
Stephen Smith
Bear Stearns Cos
Texaco Management
Pennzoil Co
NYSE
Ahmans
Alcans
Yalgins
Alcoa
Amoco
Wey
Armco
Armtek
AdRich
Avon
Baxter
BethSth
Boein
Ap A Brank
CocaGl
duPont
EnipNan
Fede
Alem
Finart
Ford M
Gannett
Gillete
Hanson
Ea Hewick
Idahop
IBM
Ag, AB In
Bate Wu Kinibc
Kroger
PepsiCo
Prilall
PhuPet
Pilsbry
Primuc
Primcys
Mrereenet
Samos Quakro
Oqvan
Southco
Ay Bistow Syntex
Cis
Ar Telas
Upjohn
Wever St
Pierre R Smuth& Co Acme Cleve
Allied Corporation
Alltel
AmerShip Building
Sle
American Standard Mt Be
Centerior
CPC
Emerson
First Bancorp
Hills
Columbusi
Kidron Livestock
McDonnell Douglas Corp
Defense
Melvyn Paisley
McDonnell Douglas
McDon
Pratt & Whitney
White House
Marlin Fitzwater
Reagan
George Bush
William Sessions
Xang
Adler-Royal
Roy A
Cleveland Street
Elyria
Lorain
S&p
Diana Lueppow
City of
BES! Electronic
Electron
WordEraser
Jur
Alec Eromic
Electrance
Fraser
USA
ROYAL
Sylvania
Toshiba
Ne.c . Minolta
Fisher
Sanyo
Canon
Mitsubishi
Hitachi
RCA
Stewart
Cleveland St . Elyria
S. Abbe
Vettel