Gulf Oil, union near deal end 10 week walkout
Denver based Gulf Oil Co and the Oil Chemical and Atomic Workers Union are close to resolving a language dispute in a management contract proposal that could end the 10 week strike. OCAW meetings in four cities will review revised language and wage and benefit terms, with a union news conference planned at Denver union headquarters.
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Denver
UPI
Gulf Oil Co
Oil, Chemical and Atomic Workers Union
Gulf
OCAW
Gulf Qi Co
Robert Goss
Gross
Houston
Jerry Archuleta
Port Arthur
Texas
Cincinnati
Toledo
Santa Fe Springs
Calif
National Oil
Hovals
Inflation goal and pain foretold in Carter plan remarks
Treasury Secretary Miller seeks to cut inflation to 11 percent this year, calling it strong medicine as the Carter administration unveils fiscal cuts and tighter credit. Federal Reserve Chair Volcker warns relief will take time while warning lenders to curb credit. Senator Proxmire urges deeper cuts and elimination of a federal agency amid inflation pressure.
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UPI
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G. William Miller
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Federal Reserve Board
Paul Volcker
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Federal Reserve
Fed
William Proxmire
D-Wis
Washington Post
Proxmire
Foreign investment in U S to grow during 1980s study
A Hill and Knowlton study concludes foreign investment in the United States will remain strong through the 1980s, aided by a weak dollar, lower taxes, and state incentives. It notes rising Sun Belt interest, Europe and Latin America expanding, and that regulatory complexity and labor rules pose the biggest headaches for foreign investors.
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United States
Hill and Knowlton
U.S
Japan
Europe
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Hill
Knowlton
Shell
Ohio oil marketers deny big lie in price talk
Roger Dreyer executive director of the Ohio Petroleum Marketers Association accuses leaders in Washington and the media of peddling a big lie that oil companies profiteer while denying a genuine oil shortage. He condemns a proposed windfall tax as shifting wealth to the federal sector and harming domestic production.
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White House
Market declines after Carter anti inflation plan speech
New York stocks fell in early trading as Carter announced new budget balancing and credit restraining measures plus an import fee on gasoline. The Dow dropped 7.42 to 304.27 as losses led gains 5-3 on the NYSE with oil stocks mostly lower and gold prices down while the dollar strengthened. Analysts cite recession fears and a credit crunch ahead, noting prices have slid for five weeks. Gulf Oil, Conoco and Standard Oil of California declined on the session.
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New York
Carter
New York Stock Exchange
Gulf Oil
Conoco
Standard Oil of
California
Carter's aid plan triggers gold drop and dollar surge
Gold fell below 500 an ounce as Carter's anti inflation package boosted the dollar on European and Tokyo markets. London opened at 482.50, slid to 480, Zurich opened 482, while the pound weakened below 2.2 to the dollar in early trading amid demand declines and credit squeeze expectations.
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UPI
U.S
Carter
European
Tokyo
Zurich
Barclays Bank International
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