AUGUST '98 ARCHIVES
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Aug. 30 -- Weevil
Foundation extends assessment due date because of drought
(J.T. Smith): The Texas Boll Weevil
Eradication Foundation has extended the 1998 due date for assessments
in the Rolling Plains Central and Southern Rolling Plains weevil
eradication zones to Sept. 30.
Aug. 30 -- Lorber
Industries puts a positive spin on cotton yarn at Snyder: SNYDER -- Arnold Lorber isn't interested in what
people say won't work.
Aug. 30 -- Big
Country Business Notes: News
from around the Big Country
Aug. 30 -- Companies
bet timing is right for books of the future: NEW YORK (AP) -- Straight from the pages of science
fiction, electronic books will land in the public's eye this fall
with promises of searchable text and the ability to hold the equivalent
of 10, if not 100s of volumes, in a portable device weighing only
a few pounds.
Aug. 30 -- Government
lawyers frustrated with Gates' answers:
WASHINGTON -- Government lawyers on Friday spent a second day
questioning Microsoft chairman Bill Gates in preparation for a
trial next month of their antitrust suit against the software
giant.
Aug. 30 -- Russia's
asian flu, Eastern Shelf's sniffles:
Russia came down with the Asian flu this week, letting loose its
grip on the ruble and, as happened with other Asian currencies,
seeing it devalued.
Aug. 29 -- Businesses
move out of Innovation Center (Doug Williamson): They aren't wearing caps and gowns, but there are
two new graduates at the Abilene Business Innovation Center.
Aug. 29 -- Chancellor
merges with Capstar to create nation's largest radio network: DALLAS -- A merger of two Texas-based broadcast
companies, announced Thursday, will create the nation's largest
radio-station group.
Aug. 29 -- U.S.
Wheat Associates urges avoidance of unilateral trade sanctions
(J.T. Smith): When the United States
slaps unilateral economic sanctions on some foreign country, it
is the American farmer who pays.
Aug. 29 -- Personal
income up 0.5 percent in July, but Americans spending less: WASHINGTON -- Americans held onto more of their
rising incomes in July, leaving analysts wondering if a spending
spree that has buoyed the United States in the midst of floundering
foreign economies is coming to an end.
Aug. 29 -- Nervous
passengers, airports prepare for Northwest strike: With hundreds of weekend flights already canceled
and airports ready with pillows and blankets for stranded travelers,
Northwest Airlines and its pilots Friday held talks aimed at averting
a strike at midnight.
Aug. 29 -- Union
charges U S West of illegally recruiting workers: DENVER -- Union claims that U S West Inc. is recruiting
illegal "strikebreakers" from Canada highlighted the
12th day of a walkout that shows little sign of ending anytime
soon.
Aug. 28 -- Home
sales in Abilene are flying high (Doug Williamson): July's report from the Abilene Board of Realtors
shows a whopping good year. So far, 26 percent more homes have
been sold through the Multiple Listing Service, and the total
dollar volume is up 21 percent from last year.
Aug. 28 -- RR Ranch
slates Drought Dispersal sale for Sept. 14 at West (J.T. Smith):
The drought of 1998 has been horrible
- but with it has come the opportunity for some to buy outstanding
females that wouldn't be sold, otherwise.
Aug. 28 -- Credit
unions have best rates; Banks more convenience, services: NEW YORK (AP) - Credit unions scored a major victory
with a new law that effectively reverses a Supreme Court ruling
limiting membership in the financial cooperatives.
Aug. 28 -- Homeowners
should beware of risky 125 percent home-equity loans: Japan and Russia may be teetering, the Dow may
be overly stratospheric, the President may be grouchy from sleeping
on the fold-away ... but as you compile your litany of things
to worry about, don't forget the 125 percent home-equity loans.
Aug. 27 -- Seniors
get discount, but what about Gen X?
Ruth Vinson took a bus trip to Canada, and she stopped at a fast
food restaurant along the way for a snack.
Aug. 27 -- Knox
Double Diamond Ranch Field Day is Sept. 2 at Hawley (J.T.
Smith): The Knox Double Diamond
Ranch Field Day is 10 a.m. Wednesday at the ranch at Hawley.
Aug. 27 -- Area
Business Notes: News from around
the Big Country
Aug. 27 -- Small
businesses create worse, lower-paying jobs, study says: Even though small businesses have been described
as the "engine of economic growth" in the United States,
smaller may not necessarily be more beautiful.
Aug. 26 -- Computer
'stuff' seems to multiply (Brian Bethel): One thing those who are into computers quickly realize:
You can accumulate a whole lot of stuff rather quickly. And it
has the unfortunate habit of sticking around, even long after
you've stopped using it.
Aug. 26 -- Cactus
plant can be true friend on the range (J.T. Smith): South Texas finally has been getting some rain.
But the 1998 drought already has taken a toll. And who knows what
is in store for ranchers next year?
Aug. 26 -- Surfing
the Web (Doug Williamson): From
tropical weather to Usamah Bin Mohammad Bin Laden, we look around
the World Wide Web for intersting sites.
Aug. 26 -- Banks
may see troubled times: AUSTIN
(AP) - Texas banks, with three years of record profits under their
belts, might see some tighter times ahead.
Aug. 26 -- Russia
announces debt structuring, mulls coalition with Communists: MOSCOW - The Russian government battled Tuesday
to pull the country out of economic and political crisis, putting
off its debt repayments and signaling that some hard-line opponents
may be given top posts.
Aug. 25 -- Pennsylvania
trucking company and hay farmer helping Texans (J.T. Smith):
They figured it was just the neighborly
thing to do. Texas Ag Commissioner Rick Perry reports that Hardinger
Transfer is the latest trucking company to donate its services
to bring hay from out of state to help keep Texas livestock alive
after the effects of this summer's horrible drought.
Aug. 25 -- Workforce
to increase at local companies (Doug Williamson): Abilene's employment picture may be getting a little
brighter.
Aug. 25 -- Competitors
make top tickets nonrefundable as Northwest strike looms: MINNEAPOLIS (AP) - The major airlines are gearing
up for a possible strike at Northwest Airlines by making their
normally flexible, first-class and business-class tickets nonrefundable
on some routes.
Aug. 25 -- In
setback to Pepsi, Wendy's wants Coke for the next generation:
COLUMBUS, Ohio (AP) - Wendy's
will make Coca-Cola its exclusive soda for the next decade, snapping
a lid on Pepsi's inroads at the hamburger chain's restaurants.
Aug. 25 -- With
34,000 workers on the picket lines, U S West talks continue: DENVER (AP) - Thousands of U S West workers began
their second week on the picket lines in 13 states as negotiators
went back to the bargaining table Monday in efforts to end the
strike.
Aug. 23 -- ATM
fees necessary for convenience:
Getting cash from all but three of Abilene's 44 automatic teller
machines costs about a buck if you don't have an account with
the ATM owner.
Aug. 23 -- Bombings
prompt businesses to shore up security overseas: LOS ANGELES (AP) -- Pinkerton Global Intelligence
Services was swamped Friday with calls from U.S. corporations
looking for ways to protect their overseas employees and property
from possible retaliation by terrorists targeted in U.S. missile
strikes.
Aug. 23 -- For
whom the Dell tolls: Texas computer whiz outsmarts IBM, Compaq: NEW YORK -- Michael S. Dell doesn't smile much.
Just leans into a hotel-lobby couch and coolly explains how his
computer company beat the daylights out of bigger rivals Compaq
and IBM.
Aug. 23 -- Xerox
develops tool kit to teach diversity:
STAMFORD, Conn. -- Julie Baskin Brooks is manager of diversity
at a company known for being a leader on minority hiring.
Aug. 23 -- Lynda
Fogerson named Outstanding County Extension Agent in Home Economics
(J.T. Smith): The Taylor County
Extension Agent for family and consumer sciences has been honored
for her work.
Aug. 23 -- Denver
testing satellite-assisted cellular phones: DENVER -- When Karen Nelson's pickup truck slipped
into a ditch during a South Dakota snowstorm last year and she
called for help on her cellular phone, it took 40 hours to pinpoint
her location.
Aug. 23 -- Big
Country Business Notes: News
from around the Big Country
Aug. 22 -- Growers
to receive rebate from boll weevil program (J.T. Smith): The board of the directors of the Texas Boll Weevil
Eradication Foundation has approved a stalk destruction rebate
for the Rolling Plains Central (RPC) zone.
Aug. 22 -- New
businesses to move into downtown building: A gaping hole has appeared between the downtown
store fronts flanking 226 Pine Street.
Aug. 22 -- Personal
computer prices break below $400 mark:
NEW YORK -- Personal computers, which tumbled below the $1,000-price
barrier just 18 months ago, now are breaking through the $400-price
mark -- putting them within reach of the average U.S. family.
Aug. 22 -- Uncle
Sam to accept credit cards for tax bills: WASHINGTON -- Beginning next year, the federal
government will accept credit cards for Americans' income tax
bills.
Aug. 22 -- Manufacturing,
construction executives differ on three-month outlook: NEW YORK (AP) -- Manufacturing executives predict
a modest slowdown in orders and hiring over the next three months
in part due to the ongoing economic troubles in Asia, according
to a Dun & Bradstreet Corp. survey released Thursday.
Aug. 21 -- Ranchers
will be years recovering from drought (J.T. Smith): Because of the cyclic nature of the cattle business
- and the fact a cow is pregnant nine months - ranchers are not
going to just bounce right back from the 1998 drought.
Aug. 21 -- Abilene's
unemployment rate keeps shrinking: The
July ranks of Abilene's unemployed shrank to 3.9 percent from
June's 4.3 percent, the Texas Workforce Commission reported Thursday.
Aug. 21 -- Uncle
Sam to accept credit cards for tax bills: WASHINGTON - For the first time, many Americans
will be able next year to use credit cards to pay their tax bills
to Uncle Sam.
Aug. 21 -- Royalty
payments in product instead of cash "not feasible": WASHINGTON - Industry-backed legislation to require
the federal government to accept oil and gas royalty payments
in product instead of cash "would not be feasible,"
a federal study has concluded.
Aug. 20 -- Non-insured
assistance disaster program deadline nearing (J.T. Smith): Farmers and ranchers in Taylor County are reminded
of the Sept. 15 certification deadline on native pastures.
Aug. 20 -- Retailers
say Apple's iMac selling briskly:
NEW YORK - Several major retailers on Wednesday reported brisk
sales of Apple's new iMac computer, with some stores sold out
just days after the product's launch Saturday.
Aug. 20 -- Computer
users use e-mail to reach out and touch someone: NEW YORK (AP) - About half of all computer users
are more likely to send an e-mail to someone who lives out of
town than they are to make an old-fashioned phone call, a survey
found.
Aug. 20 -- Stocks?
No thank you, says nation's top economist: WASHINGTON - So where does Federal Reserve Chairman
Alan Greenspan, who knows more about the economy than almost anybody,
put his own money? No irrational exuberance for him. He shuns
the stock market for the safest investment of all - short-term
Treasury bills.
Aug. 20 -- Communication
skills are especially important in the business world: Great leaders are great because they can communicate.
The same is true for businesses. Employees and bosses who can
get their ideas across are much more successful than the mediocre.
Aug. 20 -- Big
Country Business Digest: News
from the area
Aug. 20 -- USDA
compromises for 400 boll count effective immediately: The U.S. Department of Agriculture has reached
a compromise on the modified boll count deviation for cotton devastated
by the 1998 drought.
Aug. 20 -- July
housing starts best in more than a decade: WASHINGTON (AP) - Builders started new homes in
July at the fastest pace in more than a decade, but analysts still
predicted the nation's booming housing market would slow soon.
Aug. 19 -- Clinton
okays giving farmers AMTA payments in October (J.T. Smith):
President Clinton has signed legislation
that authorizes U.S. Department of Agriculture to make fiscal
year 1999 Agriculture Marketing Transition Act (AMTA) payments
available to eligible farm operators and owners beginning Oct.
1.
Aug. 19 -- iMac
makes its entry into the market (Brian Bethel): Saturday, Apple released the iMac, its newest Macintosh
computer and its first real entry into what I would consider the
low-cost consumer market.
Aug. 19 -- A
weekly look at web sites (Doug Williamson): This week's journey through the wonderful world
of the World Wide Web takes us from a local personal webpage to
roller coasters.
Aug. 19 -- Fed
holds short-term interest rates unchanged: WASHINGTON (AP) - With economic crises still roiling
Asia, and now Russia, Federal Reserve policy-makers today opted
to hold short-term interest rates unchanged.
Aug. 19 -- J.C.
Penney reports earnings drop in second quarter: PLANO, Texas (AP) - J.C. Penney Co., Inc. blamed
weaker-than-expected catalog and department store sales and a
charge relating to its Eckerd acquisition for a sharp drop in
second-quarter earnings.
Aug. 19 -- 500
days to fix millennium computer glitch: Disaster or inconvenience? WASHINGTON (AP) - Inside a suburban home darkened
by a power outage from a summer thunderstorm, the top bureaucrat
hired by President Clinton to make sure the nation's computers
survive past 2000 was just trying to survive the evening's muggy
weather.
Aug. 18 -- Move
over guys, women growing force in hardware industry: CHICAGO -- The word "handyman" may no
longer be politically correct -- or correct at all -- as women
become a more potent force in buying tools and hardware for both
inside and outside the home.
Aug. 18 -- Farmers
Union hails summit's endorsement of proposal to lift loan caps
(J.T. Smith): Progress is being
made toward lifting caps on the USDA Commodity Credit Corporation's
government loan rates.
Aug. 18 -- More
economic trouble ahead for Russia:
Russia effectively devalued the ruble Monday -- a move expected
to cause hardship for Russian consumers.
Aug. 18 -- Russian
devaluation shows solutions for global economy running out: WASHINGTON -- Russia's ruble devaluation, just
a month after promises of an additional $22.6 billion from the
International Monetary Fund, dramatically underscores the fact
the United States and its rich allies are rapidly running out
of solutions to halt a deepening global economic crisis.
Aug. 18 -- Communications
workers strike over overtime, performance pay: DENVER -- Angry over proposals calling for forced
overtime and salary changes to reward performance, 34,000 union
workers in all but one of the 14 states in U S West's coverage
area went on strike Sunday against the regional telephone company.
Aug. 18 -- Big
Country Business Notes: News
from around the Big Country
Aug. 16 -- Dan
Glickman is at home in Washington or on the country roads
(J.T. Smith): On another hot, dusty
morning in West Texas a tan van -- escorted by law officials with
their blinking lights -- pulls into a ditch.
Aug. 16 -- Midwest
and Stamford Electric merge as Big Country Electric: ROBY -- The long-anticipated merger of Midwest
Electric Cooperative, based here, and Stamford Electric Cooperative
is a done deal.
Aug. 16 -- Chips
are down for computer component manufacturers: The computer industry's growth has slowed and prices
have fallen faster than usual. This has made life hard for computer
manufacturers, but it's been even harder for many of the companies
that supply them with parts such as processors and disk drives.
Aug. 16 -- Using
Diana's image to sell anything -- even margarine: LONDON (AP) -- One might as well be blunt about
it: Princess Diana's death created a rare commercial opportunity
that businessmen weren't going to miss.
Aug. 16 -- Showmaster
Showdown resumes today with steers and goats at Expo Center: If Tasa Watts' steer isn't the coolest steer around,
it's certainly the cleanest.
Aug. 15 -- A&T
announces $3 minimum monthly fee, draws criticism: New AT&T Corp. customers will be billed at
least $3 a month even if they make no long-distance calls, the
company said Friday, drawing immediate criticism from consumer
advocates.
Aug. 15 -- Bonds
surge and long-term yields fall to record low: NEW YORK (AP) -- Bond prices surged Friday and
long-term yields fell to a record low as the dollar gained strength
and concerns mounted about financial turmoil in Russia and Japan.
Aug. 15 -- Justice
Department clears nation's largest bank merger: WASHINGTON -- The Justice Department approved on
Friday the $57.3 billion merger of NationsBank with BankAmerica
into the nation's first coast-to-coast bank after the companies
agreed to sell off 17 New Mexico branch offices.
Aug. 15 -- Comanche
County pecan Field Day is Wednesday (J.T. Smith): The Comanche County Extension Commercial Horticulture
Committee has planned a Pecan Field Day for Wednesday.
Aug. 14 -- Walgreen
opening new stores here: Walgreen
Co. will open two drugstores in Abilene next year. The 97-year-old
drugstore chain returns to Abilene after a several-decade hiatus.
Aug. 14 -- Strike-related
auto slump produces worst retail sales drop in 15 months: WASHINGTON - A slump in auto sales reflecting the
General Motors strike in July produced the worst decline in retail
sales in 15 months. Outside of autos, sales were about average.
Aug. 14 -- Government
accuses Internet company of violating customer privacy: WASHINGTON - Federal regulators accused GeoCities
on Thursday of lying to its Internet customers and revealing to
advertisers details that it collected about people online, such
as their income and marital status.
Aug. 14 -- NASD
considering limiting data on brokers' background: WASHINGTON - Treading a delicate line between the
need to protect investors and respect for brokers' privacy, the
National Association of Securities Dealers is considering limiting
information it will provide on the Internet about brokers' backgrounds.
Aug. 14 -- State
regulators warn of lengthy alarm service contracts: AUSTIN - Retired Air Force Col. Bill Norwood says
he's never had a credit problem. He says he always figured that
people who complain about businesses and collection agencies harassing
them for payments probably owed the money.
Aug. 14 -- Farmers
Union launches marketing flexibility campaign (J.T. Smith): The Farmers Union has announced the launch of a
marketing flexibility campaign aimed at removing the caps placed
on loan rates under the existing 1996 farm act that governs the
nation's farm policy through 2002.
Aug. 13 -- Taylor
County Farm Bureau Convention is Saturday night in Abilene
(J.T. Smith): The Taylor County
Farm Bureau will have its annual meeting at 6 p.m. Saturday at
the Wylie High School cafeteria at 4502 Antilley Road. U.S. Rep.
Charles Stenholm of Ericksdahl is keynote speaker.
Aug. 13 -- Employers
use arbitration to settle workplace disputes: The settling of workplace disputes is moving from
the courtroom to closed-door arbitration.
Aug. 13 -- Area
Business Notes: News from around
the Big Country
Aug. 13 -- Computer
users use e-mail to reach out and touch someone: NEW YORK (AP) - About half of all computer users
are more likely to send an e-mail to someone who lives out of
town than they are to make an old-fashioned phone call, a survey
found.
Aug. 13 -- Getting
that loan: Six questions you'll be asked: And you thought you had all the answers! First,
your own banker put that idea to rest. Now you've been to three
banks and all three rejected your request for a loan. You just
know your business will be a success, but you need a few bucks
to get started and now it looks as if you won't get even that
much.
Aug. 13 -- Clinton
signs bill freeing $5.5 billion to farmers amid new evidence of
downturn: to thousands of farmers
amid new forecasts that drought is ravaging U.S. cotton while
large harvests of other major crops will further drag down prices.
Aug. 13 -- Weather
problems slash U.S. cotton crop by 24 percent: WASHINGTON - The prolonged Southern drought and
other weather problems will cut the U.S. cotton crop by 24 percent
this year compared with 1997, the Agriculture Department projected
today.
Aug. 12 -- Big
Country Wheat Conference is Aug. 20 in Abilene (J.T. Smith): The 1998 Big Country Wheat Conference is coming
to the Abilene Civic Center.
Aug. 12 -- Internet
can make TV, other entertainment more interactive (Brian Bethel): The other day, I was watching a rerun of a television
show. Nothing unusual in that. The thing is, I was watching it
on the Internet.
Aug. 12 -- Of
Spam and postage stamps (Doug Williamson): This week's trek through the wonders of the World
Wide Web take us from Spam to voting for your favorite postage
stamps and from good places to live to a primer on physics.
Aug. 12 -- Aspen
Mountain Air files Chapter 11:
Aspen Mountain Air, which flew into Abilene for six months last
year, filed for bankruptcy protection last Friday.
Aug. 12 -- Wall
Street finds glitches in its year 2000 preparedness: NEW YORK - A test simulating trading on Wall Street
around the start of the millennium showed that some firms with
the best resources to overcome year 2000 computer problems couldn't
handle the transactions smoothly.
Aug. 12 -- Bell
Atlantic strike ends: WASHINGTON
(AP) - Striking Bell Atlantic Corp. employees began returning
to work Tuesday after the company and its biggest union reached
agreement on a two-year contract that would increase job security
and limit forced overtime.
Aug. 12 -- British
Petroleum buying Amoco for $48 billion in stock: CHICAGO - British Petroleum PLC is buying Amoco
Corp., the fifth-largest U.S. oil company, for $48 billion in
stock in what would be the largest industrial merger in history.
About 6,000 jobs would be shed.
Aug. 11 -- Local
lender organizes hay exchange program (J.T. Smith): One of the tougher things during the ongoing drought
is locating feed for hungry livestock.
Aug. 11 -- Local
woman appointed chair of workforce council (Doug Williamson): Claire A. Johnson of Abilene has been appointed
by Gov. George W. Bush as chair of the Texas Council on Workforce
and Economic Competitiveness.
Aug. 11 -- Assistance
now available to first-time home buyers:
Big Country residents now have access to $5 million in below-market
mortgage rates, and down payment and closing costs assistance.
Aug. 11 -- Bell
Atlantic workers strike; minor phone disruption: NEW YORK (AP) -- Bell Atlantic customers were told
to use phone books and credit cards instead of calling directory
assistance or making collect calls Monday, the first business
day of a strike.
Aug. 11 -- Microsoft
asks judge to throw out federal lawsuits: WASHINGTON (AP) -- Saying there is no need for
a trial, Microsoft asked a judge Monday to throw out the antitrust
lawsuits filed by the Justice Department and 20 states.
Aug. 9 -- Business
Notebook: News and notes of
interest to the local business community
Aug. 9 -- Steel
manufacturer finds business worldwide:
American manufacturing is experiencing a rebirth.
Aug. 9 -- Tales
of the Tape: Oil investors' hopes turn to 1999: NEW YORK (Dow Jones News) -- It's almost as if the
Brooklyn Dodgers had moved to Houston.
Aug. 9 -- Company
offers online chance to gripe about service: TACOMA, Wash. -- Chances are you've missed a connecting
flight because of a late plane, argued about a bill from a hotel,
or gotten poor car repairs.
Aug. 9 -- From
a suburban kitchen, a mail-order empire is born: NEW ROCHELLE, N.Y. (AP) -- After 47 years of hard
work, Lillian Vernon, queen of the mail-order catalog, relishes
the good life. A country home, a city apartment, the occasional
pair of designer shoes -- all make life a little sweeter for the
founder and CEO of the Lillian Vernon Corp.
Aug. 8 -- Financial
experts say everyone should invest:
Ask a finance expert why someone who's not invested in the stock
market should care about last week's rollercoaster-like stock
market performance and you will get an earful about how not being
invested is a bad idea.
Aug. 8 -- U.S.
envoy: U.S. businessmen disconnected from Asian crisis: SINGAPORE (AP) -- The average American businessman
is vaguely aware of the Asian crisis and sees little connection
to U.S. economic conditions, U.S. Ambassador Steven Green said
in an article in a Singapore newspaper Friday.
Aug. 8 -- Qualcomm
offers fix for security flaw in popular e-mail software: SAN DIEGO -- A repaired version of the popular
e-mail program Eudora was made available on the Internet today,
fixing a security flaw that could enable a hacker to ruin data
or plant a virus on computers that run the software.
Aug. 8 -- Chicago
Board of Trade squares off with New York rival: CHICAGO -- Fighting back against possible competition
from a New York exchange in the lucrative business of trading
in U.S. Treasury bonds, the giant Chicago Board of Trade is setting
its sights on New York's contracts for trading cotton, orange
juice, coffee, sugar and cocoa.
Aug. 8 -- Strikes
hangover: GM to keep making '98s longer than planned: TRAVERSE CITY, Mich. (AP) -- Due to the production
shutdown caused by recent strikes, General Motors Corp. will be
forced to continue building 1998 model-year cars and trucks into
September -- far later than usual.
Aug. 8 -- Outside
manufacturing, U.S. job market remains vibrant: WASHINGTON -- The unemployment rate held at 4.5
percent in July, near a 28-year low, as the robust American job
market thrived despite a huge temporary drop in factory jobs reflecting
the General Motors strikes.
Aug. 8 -- Microsoft
will ask judge to throw out most of antitrust case: WASHINGTON -- Emboldened by a recent appeals court
ruling in its favor, Microsoft next week will ask a federal judge
to throw out the most important parts of the government's broad
antitrust case.
Aug. 7 -- Cotton
futures soar on crop estimates:
Cotton futures prices Thursday rose sharply a second day on the
New York Cotton Exchange as investors bet the government would
lower its production estimates after drought wiped out parts of
the crop in Texas and the South.
Aug. 7 -- Airlines
beginning use of voice-activated reservations: FORT WORTH, Texas (AP) -- It'll almost be like
talking to a real person.
Aug. 7 -- Rubin:
check the new $20 bill carefully:
WASHINGTON (AP) -- The Treasury Department is gearing up a broad-based
public education campaign aimed at persuading Americans to double-check
their $20 bills after the new design is released next month.
Aug. 7 -- Growth
in mortgages to minorities slowed last year, data show: WASHINGTON (AP) -- Despite government programs
aimed at helping minorities become homeowners, growth in mortgage
loans to those groups slowed markedly last year, according to
government data released Thursday.
Aug. 7 -- Administration
opens part of Alaska's North Slope to drilling: WASHINGTON (AP) -- Seeking a balance between oil
development and the environment, the Clinton administration announced
today it will open nearly 4 million acres of a federal reserve
on Alaska's North Slope to oil development.
Aug. 7 -- Retailers
report better-than-expected results for July: NEW YORK (AP) -- Americans' buying binge extended
into July, the seventh consecutive month of strong sales gains
for the nation's retailers, experiencing one of their best years
in recent history.
Aug. 7 -- Merger
boom getting a friendlier face with more 'mergers of equals': NEW YORK (AP) -- The merger boom is becoming a
love fest.
Aug. 6 -- Number
of personal bankruptcies at a low point:
Personal bankruptcies may begin to wane, thanks to low interest
rates.
Aug. 6 -- Bomer
limits limits on Y2K liability insurance: AUSTIN (AP) -- As government and private business
officials brace for the anticipated Year 2000 computer problem,
insurance companies are readying themselves for an expected onslaught
of related liability lawsuits.
Aug. 6 -- State
takes control of eight nursing homes:
DALLAS (AP) -- The Texas Department of Human Services has taken
over eight nursing homes following a similar crackdown in two
other states against facilities owned by Chartwell Healthcare
Inc.
Aug. 6 -- Texas
appeals court reverses $1.55 million verdict in breast implant
case: TEXARKANA, Texas (AP)
-- A Texas appeals court has reversed a $1.55 million breast implant
award against Minnesota Mining and Manufacturing, also known as
3M.
Aug. 5 -- Tales
from the chips: Computers aren't so scary anymore (Brian Bethel): Every week, I get a call or two from people who
are taking their first, tentative steps out into the Internet's
great sea of information.
Aug. 5 -- House
passes and sends Clinton credit union bill: WASHINGTON -- The House today passed and sent to
President Clinton a bill that would let credit unions expand their
memberships to more than one occupational group, helping them
compete against banks for consumers.
Aug. 5 -- Leading
indicators slip for second month; Wall Street takes a hit: NEW YORK (AP) -- A key gauge of future economic
activity slipped in June for the second straight month in another
sign the economy is no longer sizzling hot. Investors, already
nervous about a cooling of corporate profits, at one point drove
the Dow industrials down almost 225 points.
Aug. 5 -- House
rushes $5.5 billion farm aid package to president: WASHINGTON (AP) -- Congress has sent President
Clinton legislation allowing farmers to get $5.5 billion in payments
sooner than already scheduled -- and more is coming as lawmakers
rush to address an election-year farm downturn.
Aug. 5 -- Congressional
Republicans mull strategy on skilled immigrant visas: WASHINGTON -- Dealing with fallout from the White
House's threat to veto legislation that would allow 190,000 more
high-skilled foreigners into the United States, congressional
Republicans and high-tech industry officials are scrambling to
salvage the measure.
Aug. 5 -- Health
warning issued after second child dies:
FORT WORTH, Texas (AP) -- A second meningitis death in Texas is
blamed on an amoeba-related illness picked up while swimming.
Aug. 4 -- Albertson's
merges with American Stores to become No. 1 grocery chain: SALT LAKE CITY -- Albertson's Inc. on Monday knocked
Kroger from the top shelf of U.S. supermarkets by announcing its
$8.3 billion purchase of American Stores Co., owner of Acme, Jewel
and Lucky stores.
Aug. 4 -- Amarillo
expects 1,200 new jobs as city lands Bell tilt-rotor plant: AMARILLO -- Bypassing high-tech production capitals
like Fort Worth and Houston, Bell Helicopter Textron announced
Monday it will return to West Texas to produce the V-22 Osprey
in Amarillo.
Aug. 4 -- Americans
not saving for that rainy day:
WASHINGTON -- Talk about a morality tale turned upside down: Free-spending
Americans are the economic envy of the world, while the Japanese,
those industrious savers, are swamped by economic troubles.
Aug. 4 -- Dow
sinks 96 points after another late selloff: NEW YORK -- Stocks slid into the close again Monday
after several halfhearted attempts to halt a steep downturn now
entering a third week.
Aug. 2 -- AMA
to pay $10 million to settle Sunbeam suit: The American Medical Association said Friday it
will pay Sunbeam Corp. nearly $10 million to settle a legal dispute
over an ill-fated consumer product endorsement deal, thus ending
one of the most embarrassing chapters in the Chicago-based group's
history.
Aug. 2 -- Speculation
craze has died, but big bird stories abound: LUBBOCK, Texas (AP) -- Think of the squawking,
ostrich-like, black-and-white striped emu as the new era of Texas
agriculture.
Aug. 2 -- Judge
rejects Exxon's request for a new trial in spill trial: ANCHORAGE, Alaska (AP) -- Exxon Corp.'s request
for a new trial in the Exxon Valdez oil spill case has been rejected
again by a federal judge, who dismissed claims that a guard interfered
with the jury.
Aug. 2 -- Disasters
show holes in 'Freedom to Farm' law:
WASHINGTON (AP) -- When drought or harsh winter weather struck
in the past, a federal program stood ready to help cattle producers
buy feed and keep their herds together.
Aug. 2 -- Literacy
programs helping local workers:
Jimmy Pittman wants to be the big boss at the Coca-Cola bottling
plant in Abilene.
Aug. 2 -- Oil
crisis forecast for early 21st century:
LONDON -- The world faces a devastating oil crisis in the early
years of the new millennium, according to a new assessment of
conventional oil reserves.
Aug. 2 -- Talk
of recessions and bears could compound troubles for economy and
market: NEW YORK (AP) -- Wall
Street has been entertaining some not-so-entertaining thoughts
of late.
Aug. 2 -- Unions
attack Wal-Mart's "Buy American" program: CHICAGO (AP) -- A major union says Wal-Mart is
misleading customers with its "Bring it home to the U.S.A."
advertising campaign.
Aug. 1 -- Asian
slump, GM strikes help slow U.S. economic growth: WASHINGTON (AP) -- Asia's troubles and the General
Motors strikes reduced U.S. economic growth during a lackluster
April-June quarter. But American consumers still have money to
spend, and analysts predicted the economy will bounce back.
Aug. 1 -- Merger
boom getting a friendlier face with more 'mergers of equals': NEW YORK (AP) -- The merger boom is becoming a
love fest.
Aug. 1 -- Union
Pacific: WASHINGTON (AP) --
Sidestepping complaints that the nation's largest railroad has
yet to restore normal service in Texas and the Gulf Coast, federal
regulators refused Friday to impose new short-term remedies against
Union Pacific Railroad.
Aug. 1 -- House
approves job-training bill:
WASHINGTON (AP) -- The House on Friday passed a job-training bill
that consolidates dozens of programs and gives states and local
governments more flexibility in designing them.
Aug. 1 -- Forget
the beach, travelers opt for the mall on vacations: More and more, the tourists posing for pictures
aren't standing in front of the arch in St. Louis or San Francisco's
Golden Gate Bridge. Instead, they're savoring a Kodak moment in
front of a Ralph Lauren store.
Aug. 1 -- UPS
strike -- one year later frustrations rise for union employees: SACRAMENTO, Calif. -- When thousands of United
Parcel Service strikers snapped shut their picket line lawn chairs
last Aug. 18, one of the most sensational walkouts in recent U.S.
history came to a dramatic close.
Aug. 1 -- Lawmakers
predict success on farm tax relief:
WASHINGTON (AP) -- Farmers would have new tools to endure brutal
years like this one under a tax relief package introduced by Senate
Majority Leader Trent Lott and several Republican farm-state lawmakers.
Aug. 1 -- Farmers
could get 1999 government checks early under Senate-passed bill: WASHINGTON (AP) -- Farmers suffering from worsening
natural disasters and low commodities prices could get their 1999
government payments early under legislation the Senate passed
Thursday.
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