JUNE '98 ARCHIVES
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June 30 -- CSC Supply Inc. of
Clementon, N.J., correction
June 30 -- Treasury
deputy says Japan must strengthen its economy: The Asian financial dilemma is hurting American
businesses every day, the second-highest ranking official at the
U.S. Treasury Department said in Abilene Monday.
June 30 -- Texas
Farm Bureau supports China for Most Favored Nation status
(J.T. Smith): Bob Stallman is urging
the U.S. Congress to support renewing the Most Favored Nation
trading status with China.
June 30 -- South
of the border craftsmanship in Ballinger: BALLINGER - If combing south-of-the-border villages
for exotic merchandise is not on your itinerary anytime soon,
a local business offers much of the same shopping experience without
the need for a passport.
June 30 -- Top
GM, UAW negotiators meet; GM retains medical benefits for nonstrikers: DETROIT (AP) - Efforts to end two crippling strikes
against General Motors Corp. intensified Monday after the chief
negotiators for the automaker and the United Auto Workers met
for the first time in more than two weeks.
June 30 -- Compaq
details 5,000 layoffs worldwide, restructuring after buying Digital,
Tandem: HOUSTON (AP) - Compaq
Computer Corp. is closing six plants overseas and eliminating
5,000 jobs - including 1,000 at its headquarters in Houston -
as part of a previously announced cost-cutting drive that follows
its acquisitions of Digital Equipment Corp. and Tandem Computers.
June 30 -- Rockwell
cutting 3,800 jobs; spinning off Semiconductor Systems, taking
$625 million charge: LOS ANGELES
(AP) - Rockwell International Corp. will spin off its semiconductor
business to shareholders and cut 3,800 jobs in a major restructuring
of the automation and avionics businesses that will remain after
the split.
June 30 -- Despite
Asian financial crisis, region's cities still most costly: GENEVA (AP) - Despite Asia's financial crisis, the
region still has seven of the world's 10 most expensive cities
for foreign workers, according to a survey released Monday.
June 28 -- Business
Notebook: News and notes of
interest to the local business community
June 28 -- Express
pilots vow to strike as they head back to bargaining table: HOUSTON (AP) -- Continental Express pilots said
they'd rather return to the bargaining table than walk the picket
line.
June 28 -- PC
Banking: Coming soon to a bank near you ... if it's not there
already: For those of you with
bank accounts, computers and modems, checking up on your balances
is going to be a lot easier with the latest service Abilene banks
offer.
June 28 -- Oil
producers call for government intervention could be risky (Scott
Scholten): Inviting the government
into business affairs is always a tricky business. Often, it's
hard to get it to leave.
June 28 -- Mid-size
business falling in 'Y2K' gap: KNOXVILLE,
Tenn. -- Three years ago Plasti-Line went through a rocky conversion
of its computer system.
June 28 -- Few
livestock auctions open this week (J.T. Smith): If you are thinking of trucking Ol' Bossy to the
sale barn this week, be advised that most area livestock auctions
will be closed. And you don't want to waste a trip to town.
June 28 -- Y2K
problem bigger internationally:
Twenty percent of all corporations will go out of business because
of the Millennium Bug.
June 27 -- Claims
of butterfat shortage just a ploy to bring in imports (J.T.
Smith): Claims of "a shortage
of butterfat" and predictions of sharp increases in the prices
of butter, ice cream and other dairy products appear to be nothing
more than a ploy to put pressure on USDA to increase its import
quota.
June 27 -- AT&T
seeks to reinsure investors over TCI purchase: NEW YORK (AP) -- Stung by a plunge in its stock
price, AT&T Corp. on Friday went out of its way to try to
reassure investors that its $32 billion purchase of Tele-Communications
Inc. wasn't too expensive.
June 27 -- Factories
curb production as mercury climbs in Midwest, East: An early-summer heat wave across the eastern half
of the nation had people sweltering in temperatures well into
the 90s Friday and led factories in the industrial Midwest to
shut down or scale back production.
June 27 -- Electronic
connector company lays off entire staff:
All 22,000 U.S. employees of AMP Inc. of Harrisburg, Pa., will
be laid off for 42 days, beginning on July 4, the Independence
Day holiday, because of the effects of Asia's economic crisis,
the company said Friday.
June 27 -- Report:
Asia crisis, drop in semiconductor business, push Rockwell toward
layoffs: LOS ANGELES (AP) --
When former defense heavyweight Rockwell International Corp. recast
itself as a supplier of automation gear and semiconductors, it
bet heavily on two seemingly insatiable demands: the world appetite
for computers and Asia's need to modernize its factories.
June 26 -- Local
GM dealers already feeling strike's effects: Some local General Motors dealers are feeling effects
of the GM strike sooner than anticipated.
June 26 -- GM
prepares to complete North American production shutdown: LAS VEGAS (AP) -- Apparently settling in for a
long strike, General Motors Corp. is telling its factory managers
to lay off nonessential workers, suspend plant maintenance and
cut back on electricity.
June 26 -- Baize
hog operation buys into world record gilt (J.T. Smith): West Texas Boar Stud of Stamford has bought into
a partnership on the world record gilt.
June 26 -- Torrid
economic growth in first quarter sets up slowdown: WASHINGTON -- The economy increased its production
of goods and services during the first three months of the year
at one of the fastest rates in 15 years.
June 26 -- AT&T-TCI:
Will ballyhooed all-in-one services be sold at price people can
afford?: NEW YORK (AP) -- Lost
in the afterglow of the $32 billion merger between AT&T and
cable TV giant TCI is this reality check: Can the promised gee-whiz
services -- from high-speed Internet access to local phone calls
via cable lines -- be sold at a price people can afford or want
to pay?
June 25 -- Employers
struggle with fitting holidays into work schedules: If Americans are supposed to collectively celebrate
the day the United States freed itself from the British Empire,
they have their work cut out.
June 25 -- Search
for a tall and straight mesquite in Texas (J.T. Smith): There certainly are plenty of mesquites here in
West Texas, whether you live in the country or in town.
June 25 -- Where
to go to get smart answers to dumb questions: There is no such thing as a dumb question.
June 25 -- With
Windows 98, Microsoft finally catches up with Mac: With Windows 98 on the verge of reaching store
shelves, it becomes ever more clear that Bill Gates is building
a whole lot more than just the ultimate Wintel (Microsoft running
on Intel chips) computer.
June 25 -- Have
you done your 401(k) checkup yet?:
NEW YORK (AP) -- Gone are the days of gold watches and fat pensions.
More employers are shifting responsibility for retirement to employees,
and they're using 401(k) plans to fill the gap.
June 25 -- If
you're dying to take action as stocks tumble, here are five of
the big don'ts: In life, there
is a time to act and a time to slump on the couch and drink beer.
June 25 -- Why
companies should consider a 30-hour workweek: You don't have to be Don Corleone to make your employees
an offer they can't refuse. Just tell them that if they can come
up with a way to improve productivity, you'll reduce everybody's
workweek to 30 hours -- without cutting pay.
June 25 -- Fringe
benefits can be tax boon for business: Q:
As the owner of a small appliance store with nine employees, I'd
like to take full advantage of fringe benefit business deductions
as authorized by the IRS. How can I claim every fringe benefit
business deduction as a tax advantage?
June 25 -- Outside
resources help meet critical needs:
Employ outside help when you can't progress with your own resources.
June 25 -- Test
yourself on how you get along with your job: It's time to take a stand on exactly how you feel
about your job.
June 25 -- On
the other side: Secrets of recruiters: What
finally tips the scales in your favor and makes the hiring officer
decide you're the right person for the job?
June 24 -- Can't
find a study group on the Internet? Start one (Brian Bethel): Wanna learn something new? If you have a computer,
you're already a good portion of the way there.
June 24 -- Beat
the heat with fresh vegetables from Farmers Market (J.T. Smith): Good fruits and vegetables are even more important
in your diet in this ongoing intense heat.
June 24 -- Rift
between GM, United Auto Workers keeps growing deeper: LAS VEGAS (AP) -- The deepening mistrust between
the United Auto Workers and General Motors Corp. is clearly evident
at the UAW's convention, as the costly strikes that have crippled
the world's largest automaker drag on.
June 24 -- Government
confronts Internet privacy, and lack of it: WASHINGTON (AP) -- Warning companies that do business
on the Internet to better protect the privacy of consumers, Commerce
Secretary William Daley said today the federal government will
intervene unless industry changes its ways.
June 24 -- OPEC
ministers may cut 1 million barrels from weak oil market: VIENNA, Austria (AP) -- OPEC ministers were clamoring
Tuesday to make a new round of oil production cuts even deeper
than what has already been promised, and two key players said
more than 1 million barrels a day should be removed from the glutted
market.
June 24 -- Microsoft
appeals victory could affect broader antitrust case: WASHINGTON (AP) -- In a victory for Microsoft with
important implications for the government's landmark antitrust
case, a federal appeals court on Tuesday removed restrictions
a judge had imposed on the company's Windows 95 software.
June 23 -- Farmers
Union president urges Congress to provide disaster relief (J.T.
Smith): Texas Farmers Union President
Wes Sims has asked Congress to act on providing deperately-needed
disaster relief to Texas farmers.
June 23 -- Dallas
firm buys Cedar Run Apartments:
Cedar Run Apartments Associated, LTD was acquired by Dallas-based
BH Management Services, Inc. and PRQ Holdings LLC last week.
June 23 -- CompUSA
to buy Computer City from Tandy for $275 million in cash: DALLAS (AP) - Eighteen months after a courtship
that went nowhere, CompUSA is headed to the altar with rival retailer
Computer City.
June 23 -- Kuwait:
OPEC may need deeper production cuts to save market: VIENNA, Austria (AP) - As OPEC ministers struggle
to save the battered oil market, Kuwait gave traders a bit of
encouragement Monday by saying OPEC may need to slash production
even more sharply than promised.
June 23 -- Expiring
crude rises sharply in pre-OPEC meeting squaring: The expiring July crude oil futures contract went
off the board sharply higher Monday on the New York Mercantile
Exchange as investors bet world oil producers will be forced to
pledge additional production cuts this week in a bid to boost
prices from their lowest levels in more than a decade.
June 23 -- The
scariest thing in many offices is the scuzzy fridge: A monster is lurking in the break rooms of companies
across the nation. It's the office refrigerator, bulging at the
seams as leftover plastic-foam boxes and forgotten Tupperware
containers fight for space with open cans of Coke and rotting
fruit.
June 23 -- UAW
leader says strikes could last into August, more walkouts possible: LAS VEGAS (AP) - The autoworkers strikes against
General Motors Corp. in Michigan could last into August and may
expand to other key GM parts plants where union-management disputes
continue to fester, a top union leader said Monday.
June 21 -- Business
Notebook: News and notes of
interest to the local business community
June 21 -- U.S.
on the edge of the Asian whirlpool: NEW
YORK -- It is hard for Americans to comprehend the deadly black
whirlpool that is inexorably sucking in more of the world's economy.
June 21 -- Oil
producers worry about speculators' impact: West Texas oil producers are feeling a little antsy
these days.
June 21 -- Sam's
Club division reinventing itself: LITTLE
ROCK, Ark. -- Sam's Club is embarking on a new wave of expansion
with an eye toward its competition: any place a person spends
money.
June 21 -- Sports
collectors find fun, profit in hobby: Nine
years ago, Jim Richmond turned his fervent love of baseball and
intense interest in history into his hobby.
June 21 -- Cattlemen
decry defective federal program on habitat conservation (J.T.
Smith): "Don't mess with
Texas' private lands" is the message that state and federal
leaders heard from the Indepedent Cattlemen's Association (ICA)
as the ranchers exposed serious defects of a habitat conservation
plan in Central Texas.
June 20 -- President
urges quick end to GM strikes:
WASHINGTON (AP) -- The government will not intervene immediately
in the United Auto Workers strike against General Motors Corp.,
but President Clinton urged both sides Friday to settle their
differences.
June 20 -- Berkshire
Hathaway to buy General Re for $22 billion: STAMFORD, Conn. (AP) -- Investor Warren Buffett's
Berkshire Hathaway Inc. is buying General Re Corp. for $22 billion
worth of stock, adding one of the world's leading insurers of
insurance companies to its portfolio.
June 20 -- Internet
businesses given time to develop own privacy rules: WASHINGTON (AP) -- The Clinton administration indicated
Friday it will give Internet businesses more time to develop their
own privacy rules to protect information they collect from customers,
including names, addresses, credit card numbers -- even medical
histories and what they buy at the supermarket.
June 20 -- Texas
suffers through second drought in three years: MONTE ALTO, Texas (AP) -- The fields are so parched
they're catching on fire. Cornfields are yellowing. Soil is turning
to dust, casting a pall over highways. Coyotes and opossums are
showing up around homes, looking for water from hoses and pet
water dishes.
June 20 -- Advertisers
taking low-key approach in U.S. marketing of World Cup: NEW YORK (AP) -- American marketing heavyweights
Coca-Cola, Gillette and McDonald's are spending millions this
year sponsoring the World Cup, soccer's month-long global championship
series.
June 20 -- Texas
wheat production is pegged up 11 percent from last year (J.T.
Smith): As harvest winds down, the
estimate of the Texas wheat crop just keeps getting bigger.
June 20 -- Economic
development town hall meeting (Doug Williamson): Abilene residents will have an opportunity Tuesday
to voice their views on the economic development of the city.
June 19 -- U.S.
trade deficit hits new record in April: WASHINGTON
(AP) -- America's trade deficit surged to a record high in April
as worsening troubles in Asia pushed U.S. exports down to their
lowest level in more than year, the Commerce Department reported
Thursday.
June 19 -- Texas
Instruments to eliminate 3,500 jobs, citing weak semiconductor
market: DALLAS (AP) -- Texas
Instruments is eliminating 3,500 jobs worldwide due to the weak
semiconductor market, which has been battered by lower prices
from Asian competitors and reduced demand for computer memory
chips.
June 19 -- Comanche
County melon growers don't wait on Fourth of July: GUSTINE -- You'd better slow your vehicle down
if traveling Texas Highway 36 through Comanche County. You might
come across a convoy of melons.
June 19 -- GM's
vehicle pipeline dries up, dealers worry about thinning inventories:
DETROIT (AP) -- For General
Motors dealers, the strikes that are choking off their supply
of new cars and trucks couldn't come at a worse time. And with
no end to the dispute in sight, they're worried.
June 19 -- Average
mortgage rates fall below 7 percent: WASHINGTON
(AP) -- The average rate on 30-year fixed-rate mortgages fell
for the fifth consecutive week, dropping to a level -- below 7
percent -- that helped spur a boomlet in home sales and mortgage
refinancing early this year.
June 18 -- Burger
King franchiser named Restaurateur of the Year: Three honorees of the Abilene Area Restaurant Association's
1998 gala and induction of officers this week were out of sight
but not out of mind.
June 18 -- Area
business people share best advice they ever received: Every business person needs help. Lots of folks
are willing to give it, or more likely, sell it.
June 18 -- New
day care brightens downtown Ballinger: "Bright
beginnings, I have found, start with children safe and sound ..."
Jean Warren. BALLINGER -- When Nicole Cook saw these lines of
poetry about childhood, the Maryland native knew she had discovered
the name for her new day care center here.
June 18 -- Texas
A&M Research and Extension Center aims at real world needs
(J.T. Smith): VERNON -- It can
be easy at times for researchers to get all caught up with their
particular science, itself.
June 18 -- E-mail
can come back to haunt you:
WASHINGTON -- Think about that nasty e-mail message you fired
off in anger last week at the office, the one about your co-worker.
Or your boss. Or your company's rival.
June 18 -- Rife
with rumors, Internet is growing problem to many firms: NEW YORK (Dow Jones News) -- Like most publicly
traded companies, Impath Inc. usually refuses to comment on rumors,
but the company responded emphatically after a message posted
on the Internet last week said the company would be investigated
by the Securities and Exchange Commission for overstating earnings.
June 18 -- A
failure to diversify stock investments could prove disastrous
in the long run: One of Wall
Street's most important ideas is suffering an untimely demise.
June 18 -- For
graduates joining the work force: some ideas for building your
nest egg: If you want to put
today's ungrateful youth on the fast track to sickening riches,
you have to get them when they are young.
June 18 -- Getting
people to try your products once:
Money-back guarantee. Thirty-day no-risk trial. If you're not
completely satisfied just return the unused portion. These catch-phrases
have become part of the retailing landscape. But have you ever
thought of applying this marketing concept to your small business?
June 18 -- Giving
good service, never an easy task, is getting a lot harder: Customers are more demanding, and the rush to please
them is making the competition more ruthless. Successful managers
today must be students of their customers, because if you don't
learn everything there is to know about them, someone else will.
June 18 -- Do
some research before seeking a raise: You
want more money. Maybe your outflow is exceeding your income.
Maybe you believe you're not paid what you're worth and you can't
stand it a minute longer.
June 18 -- Retailers
find seniors make fine workers:
Norman Simpson carefully lists the benefits of his job: paid life
insurance, profit sharing, a stock ownership plan, a 401(k) retirement
account and health insurance.
June 17 -- New
grocery store set to open: Every
time a new supermarket is built, shoppers marvel at the stores'
newfangled conveniences.
June 17 -- Some
tips to make searching the Internet easier (Brian Bethel):
The other day, I really wanted some
information about Plato's description of the mythical continent
of Atlantis.
June 17 -- Lettuce,
tobacco, gas increases mean worst inflation in 17 months: WASHINGTON -- Price increases for lettuce, cigarettes,
gasoline and prescription drugs pushed up consumer inflation by
0.3 percent in May. On Wall Street, stock prices treaded water
after Monday's huge drop.
June 17 -- Greenspan
to Congress: Don't jump on mergers just yet: WASHINGTON -- Congress should take care if it tries
tinkering with mega-merger mania when history suggests results
will be mixed for companies, their stockholders, customers and
competitors, Federal Reserve Chairman Alan Greenspan said Tuesday.
June 17 -- Information
on babies on the Web (Doug Williamson):
Well, it's hard for Business Editor Doug Williamson to write his
weekly World Wide Web interesting sites column when his Internet
connection is down. So, Doug's taking a week's breather and sharing
this sites column from a reporter with the Lexington Herald-Leader
in Lexington, Ky.
June 17 -- Texas
A&M Research and Extension Center aims at real world needs
(J.T. Smith): VERNON -- It can
be easy at times for researchers to get all caught up with their
particular science, itself.
June 16 -- Old
Time Hay Day is June 27 at Hawley (J.T. Smith): If you want to make hay, then Hawley is the place.
An "Old Time Hay Day" is 10 a.m. June 27 at Hawley.
You can see folks cutting hay, raking hay, baling and hauling
hay.
June 16 -- AT&T
says one-quarter of managers agree to retire early: NEW YORK (AP) - AT&T Corp.'s early retirement
offer really has proven far more tempting to its 52,200 managers
than the company expected.
June 16 -- Strike
talks continue in Flint as two key events on GM-UAW calendar near:
DETROIT (AP) - Negotiators sought
Monday to end United Auto Workers strikes at a pair of General
Motors Corp. plants. With a national convention coming up, the
union may feel more pressure to settle the dispute this week.
June 16 -- Year
2000 legal storm may be more of a drizzle, experts say: PALO ALTO, Calif. (Dow Jones News) - The Year 2000
software and hardware problem is wending its way from the computer
room to the courtroom. But predictions of a cataclysmic wave of
legal liability claims that could run to $1 trillion may be overstated,
some experts say.
June 16 -- NationsBank
denies Dallas holdings were moved to circumvent merger rules:
AUSTIN, Texas - In April, around
the time NationsBank Corp. announced it would acquire BankAmerica
Corp., NationsBank began to transfer almost half of the bank's
Dallas deposits to corporate headquarters in Charlotte, N.C.
June 16 -- Nervous
times again for stock investors:
NEW YORK (Dow Jones News) - Nervous times have returned to the
U.S. stock market. The equity markets here could only complete
the worldwide cycle of decline that gripped stock exchanges Monday.
June 14 -- Business
Notebook: News and notes of
interest to the local business community
June 14 -- Waco's
out of the 'Money,' Abilene's in (Doug Williamson): Some folks in Jeruselum on the Brazos aren't one
bit happy with us Abilenians.
June 14 -- Antitrust:
In merger blitz, regulators vie to bust biggest prizes: FTC officials get testy when the Justice Department
is cast as the premier antitrust agency, and they keep a tally
of the agencies' wins and losses in court. In the past decade,
in cases where a court has issued a decision, the FTC is quick
to point out it has won 10 and lost four.
June 14 -- Sears
Methodist has expanded by plan: Sears
Methodist Retirement System is good at picking up the pieces.
June 14 -- Pepsi
and Frito-Lay marketing sodas and chips jointly: PLANO, Texas -- Pepsi and Frito-Lay are courting
consumers by marrying chips and sodas in joint promotions and
new vending machines.
June 14 -- Texas
Cowboy Oldtimers group has full agenda during Reunion (J.T.
Smith): The Texas Cowboy Oldtimers
Association has four days of activities planned during the upcoming
1998 Texas Cowboy Reunion July 1-4 in Stamford.
June 13 -- USDA
forecasts bigger winter wheat crop, fewer exports: WASHINGTON (AP) -- The Agriculture Department today
raised its forecast for the U.S. winter wheat crop 2 percent to
1.74 billion bushels and expanded the estimate for supplies in
storage because of reduced exports.
June 13 -- Local
producers react to USDA's lower cotton and higher wheat estimates:
USDA's higher wheat and lower
cotton estimates Friday did not catch local agriculture leaders
by surprise. In fact, they had been expecting the adjustment.
June 13 -- Japan's
recession deepens fears of regional crisis: TOKYO (AP) -- For nearly a year, Asia has been looking
to Japan to lead the troubled region back to prosperity.
June 13 -- Value
of mergers in '98 already blows away past years: NEW YORK (AP) -- This year's dealmaking frenzy
makes the rest of the merger boom look like a penny-ante card
game.
June 13 -- Taylor
County Farm Bureau calls for queen and talent entries (J.T.
Smith): Taylor County Farm Bureau
is seeking entries for its annual Queen Contest and Talent Find
July 18 at Wylie High School. Entry deadline is July 6.
June 13 -- Scripps
and Howard trusts selling $275 million in E.W. Scripps stock: CINCINNATI (AP) -- The Edward W. Scripps Trust,
controlling shareholder of The E.W. Scripps Co., and the Jack
R. Howard Trust are selling $275 million worth of the company's
shares to the public.
June 13 -- General
Motors, union workers battle over company's future in Flint:
DETROIT (AP) -- Worried that the
progress in streamlining its operations hasn't been enough, General
Motors Corp. is in an all-out war with its workers to make itself
a leaner, more competitive global automaker.
June 12 -- Bankruptcy
bill could threaten Texas' homestead exemption: WASHINGTON (AP) -- A bill that sailed through Congress
could threaten the Texas law that exempts residents' houses in
bankruptcy actions.
June 12 -- Digital
shareholders approve sale to Compaq:
WESTFORD, Mass. (AP) -- Shareholders of Digital Equipment Corp.
today voted to sell the computer company to Compaq, formally ending
the one-time industry pioneer's independence.
June 12 -- New
shoe store to open (Doug Williamson):
Journeys, a hip shoe store, will open Saturday in the Mall of
Abilene.
June 12 -- Three
more states win battle against cattle brucellosis (J.T. Smith): Texas soon could be the "Lone" state
to still be fighting brucellosis disease in cattle.
June 12 -- Second
group strikes against GM, production shutdown could result: FLINT, Mich. (AP) -- Workers at a second General
Motors Corp. plant went on strike Thursday evening as the United
Auto Workers union increased its pressure on the No. 1 automaker.
June 12 -- USDA
denies petition seeking milk floor price for dairy farmers: WASHINGTON -- A petition by some dairy farmers to
set a minimum price for milk was denied Wednesday by Agriculture
Secretary Dan Glickman, who said there was scant evidence such
a move would help those struggling with low prices.
June 12 -- Mitsubishi
to pay $34 million for harassment at Illinois factory: CHICAGO (AP) -- Mitsubishi Motors agreed to pay
a record $34 million Thursday to settle allegations that women
on the assembly line at its Illinois factory were groped and insulted
and that managers did nothing to stop it.
June 11 -- Learn
to have fun at work: "I
have to go to work." Sounds like you don't plan on having
fun.
June 11 -- USDA
says cotton appraisals can begin a week after planting deadline:
USDA's Risk Management Agency
(RMA) announced Wednesday that insurance appraisals can begin
a week after the final planting date for the crop.
June 11 -- Aggie
"Brush Busters" aim to battle mesquite more economically
(J.T. Smith): Excessive amounts
of brush rob precious water and choke out grass.
June 11 -- Year
2000 bug no problem to many PC users: At
the stroke of midnight on Dec. 31, 1999, the "Y2K" bug
will strike.
June 11 -- Reviews
of shareware programs: Reach for the stars: Today we are going to reach heights we had never
imagined possible. We're going to load a CD packed with thousands
of astronomy files and about 200 astronomy programs and we are
going to reach for the stars.
June 11 -- Fund
'profile' about to make its debut: NEW
YORK (AP) -- Designing a simple, plain-English document that mutual
funds can use to describe themselves to investors has proved to
be no simple project.
June 11 -- The
fine points of selling your house in five days: Bill Effros is not a real estate agent. Nor does
he want to be.
June 11 -- Learning to manage in a global workplace
(you're on your own): Are there differences between major
domestic and multinational organizations? Can a great domestic
leader transfer success to the global arena? Are great global
leaders born or made? If a global leader falls in the forest ...
just kidding.
June 11 -- A
best-selling author in business: NEW
YORK (AP) -- You may not find his books in the usual retail outlets,
but Price Pritchett is one of the very best-selling authors in
America, and perhaps the best-read writer of business books.
June 11 -- Firms
have greater incentive to check resumes as more job seekers lie:
Lying is a growth industry.
More people are lying on their resumes, so more employers are
checking resumes, so more resume-checking services are popping
up around the country.
June 11 -- Writers
say it's not their job to check facts: Carol
Conley once worked for a Lexington company that hired "this
bright, brilliant young woman based on her personality and looks.
No one checked her out" -- until the money disappeared.
June 10 -- Upgrading
speakers can enhance computer enjoyment (Brian Bethel): Are you hearing everything your computer has to
offer?
June 10 -- Texas
FFA plans 70th annual convention for Cowtown (J.T. Smith):
Plans are under way for the annual
Texas FFA State Convention slated for July 14-17 in Fort Worth.
June 10 -- No
joy for oil producers as OPEC seeks more supply cuts: LONDON -- Things are looking pretty dismal in the
oil market.
June 10 -- Many
older people slow to adapt to changing technology: MINNEAPOLIS -- "I don't have one and I'm not
interested in them," Jack Griffin barks when asked about
personal computers.
June 10 -- Favorite
Web sites (Doug Williamson): Today's
travels through the World Wide Web take us from the grill to a
whale and from time to long-ago TV memories
June 10 -- Texas
exports grown despite Asian problems: AUSTIN
(AP) -- The North American Free Trade Agreement provided the antidote
for the Asian economic flu, with Texas exports reaching $22.2
billion in the first quarter of 1998.
June 9 -- Gasoline
prices fall below a dollar in Abilene:
Falling New York Mercantile Exchange prices are translating broadly
into 98 cents per gallon gasoline prices locally.
June 9 -- Wells
Fargo, Norwest agree on $31.9 billion merger: SAN FRANCISCO (AP) - Wells Fargo & Co. and
Norwest Corp. are merging into what would be the nation's seventh-largest
bank - the latest deal in a rush by banks, brokerages and insurers
to expand their base of customers while lowering costs.
June 9 -- Comanche
County melon tour to give latest in production tips (J.T.
Smith): The Comanche County Melon
Production Tour is June 18 with departure from the Comanche Community
Center on Highway 377.
June 9 -- BBB
auction this Thursday (Doug Williamson):
The annual Abilene Better Business Bureau auction and membership
meeting will be Thursday, June 11, at Lytle Bend Ranch.
June 9 -- Tins
of mints become the latest status symbol of people with everything:
NEW YORK (AP) - Power tie. Power
breakfast. Power lunch. Now there's the power mint. Super strong
mints offered from chic little tin boxes have become the must-have
accessory for the trendy - particularly after all those caffe
lattes and expensive cigars.
June 9 -- State
Farm announces additional rate cut; premium return: AUSTIN (AP) - State Farm, Texas' largest auto insurer,
is cutting its rates an average of 3 percent this summer and returning
to customers $178.6 million in premiums already paid.
June 9 -- FTC
moves against computer chip maker:
WASHINGTON (AP) - Federal regulators moved to rein in computer
chip maker Intel on Monday, charging the company has misused a
monopoly position to freeze out and punish competitors.
June 9 -- Wrigley
subsidiary to launch caffeine-packed gum: CHICAGO (AP) - Here's a new one to chew on: Caffeine-laced
gum. Amurol Confections Co., a wholly owned subsidiary of Wm.
Wrigley Jr. Co., is getting ready to launch Stay Alert, a new
gum where two sticks are the equivalent of one to two cups of
coffee.
June 7 -- AARP
focusing on baby boomers turning 50:
WASHINGTON (AP) -- When Linda Vrooman Peterson turned 50 last
October, a wise-guy friend gave her a cane with a horn and rearview
mirror.
June 7 -- Business
Notebook: News and notes of
interest to the local business community
June 7 -- Drought
puts crop insurance in the spotlight for farmers: Cotton is rapidly running out of days left in the
growing season to make a crop since dry ground prevented timely
planting in May for the majority of growers.
June 7 -- Bob
Lovvorn is "dusting in" cottonseed on 2,000 acres before
deadline: STAMFORD -- On a sweltering
afternoon Wednesday, Bob Lovvorn was down on his hands and knees
in one of his cotton fields seven miles south of here.
June 7 -- Farm
Bureau president warns of statewide catastrophe: The president of the Texas Farm Bureau has alerted
state and federal officials that "a statewide catastrophe
" is in the making as both Texas crop and pasture conditions
fade under record temperatures and dry conditions.
June 7 -- Why
aren't Americans saving: Ask the people, not the experts: NEW YORK (AP) -- Gathered in Washington this week
are members of the money establishment, the big brains of the
banking, insurance and mutual funds, summoned by a government
concerned that Americans aren't saving enough for retirement.
June 7 -- Perry
initiates drought preparedness efforts at TDA: Every passing day without a big, general rain is
taking a toll on Texas and its enormous agricultural economy.
June 6 -- Success
comes from relentless pursuit of doing simple well, speaker says
(Doug Williamson): A business
person's credo should be to relentlessly pursue doing the simple
things well.
June 6 -- Strong
job gains in May hold unemployment at 28-year low: WASHINGTON (AP) -- The economy produced nearly 300,000
new jobs in May, from engineers to shop clerks, holding unemployment
to a 28-year low of 4.3 percent despite Asian spillover problems
in manufacturing. Wall Street roared its approval.
June 6 -- Glickman
authorizes emergency grazing of CRP land: USDA Secretary Dan Glickman has announced emergency
grazing by livestock will be permitted on land idled in the Conservation
Reserve Program (CRP) acreage in some areas suffering from drought.
June 6 -- Perry
says TxDOT allows mowing and baling along highway rights-of-way:
Ranchers have a bit of good
news during the ongoing drought.
June 6 -- House
passes Ag Research, Extension and Education Reform Act (J.T.
Smith): "For the first time
in my legislative life, we have nutrition money being reprogrammed
for production agriculture, with the support of the nutritition
community and the agriculture community."
June 6 -- Asian
flu only part of Motorola's problems:
CHICAGO (AP) -- Like El Nino, the Asian economic crisis has become
a timely scapegoat for American companies set to report poor results,
but analysts said Friday that Motorola Inc.'s problems extend
back to strategic blunders made years ago.
June 6 -- Strike
effects to take awhile locally:
It will take at least one month before Abilene repair shops are
affected by the seventh conflict between United Auto Workers and
General Motors since 1997, thanks to a long lead time for parts
deliveries.
June 5 -- Alcatel
to buy DSC Communications in stock swap worth $4 billion: DALLAS (AP) -- Alcatel, the world's fourth-largest
telecommunications equipment maker, is buying DSC Communications
Corp. for $4 billion worth of stock, expanding the French company's
presence in the United States.
June 5 -- Bomer
revokes license of top insurance finance company: AUSTIN (AP) -- The state has revoked the license
of one of Texas-- top auto insurance finance companies, shedding
light on an industry unknown by most drivers.
June 5 -- Oil,
oil-services stocks rise on talk of output cutbacks: NEW YORK (Dow Jones News) -- Shares of oil and
oil-services companies, buoyed by news of possible reductions
in world oil production, were among the best performers in Thursday's
stock market.
June 5 -- Retailers
report fifth-straight month of strong retail sales: NEW YORK (AP) -- The nation's largest retailers
posted better-than-expected sales gains in May, with good weather
through much of the country and a healthy U.S. economy encouraging
Americans to shop.
June 5 -- Michigan
strike would threaten GM's truck production, new model launch:
DETROIT (AP) -- General Motors
Corp., the U.S. automaker with the worst labor relations, negotiated
with the United Auto Workers ahead of a Friday deadline for a
strike that could halt production of its high-profit trucks and
delay the launch of its new full-size pickups.
June 5 -- Tank
mixing can hurt punch of Roundup Ultra with Roundup ready crops
(J.T. Smith): Roundup Ready
cotton is growing in popularity by leaps and bounds in the Abilene
region.
June 5 -- Productivity,
factory, jobless figures hint at trouble: WASHINGTON (AP) -- Hints of trouble are emerging
in the just-right U.S. economy, including a lapse in worker productivity
gains, a drop in demand for most factory goods and a jump in applications
for unemployment benefits. Americans, however, turned out in force
at shopping malls in May.
June 4 -- Grooming
should be subtle, reflect work environment: Well-groomed doesn't necessarily mean head-to-toe
application of lotions, makeup, hair spray and the like for women
or men. Grooming tips from local experts
June 4 -- Computer
programs offer features users don't want: NEW YORK (AP) -- Computers will organize your life.
Maybe they'll even cook for you someday. But Jackie Wildau just
wants to know how to get rid of those paragraph marks all over
the letter she's trying to write.
June 4 -- Sick
of junk e-mail? Here are some tips for fighting back: Along with death and taxes, add a third nuisance
to the list of life's certainties: junk e-mail.
June 4 -- Learn
how lenders decide if you get a mortgage -- or not: If you've ever applied for a mortgage and been
turned down, you probably were angry but also puzzled. What made
the lender reject my application? How did he decide? Was the information
he had about me wrong?
June 4 -- Is
now a good time to shift into small stocks?: Go small. That is the latest line from the mutual-fund
industry.
June 4 -- Good
employees deserve good treatment: Be
as attentive to your best employees as you are to your best customers.
June 4 -- Cultivating
customer loyalty key to survival:
Customer loyalty is a bottom-line issue for small businesses.
June 4 -- Managing
Time: Here are some ways to
better manage your time
June 4 -- Aptitude
test results can affirm job choice, or need for change: BOSTON -- Seventeen years ago, Ann Frank was a successful
journalist in Florida, but felt she was in the wrong job.
June 4 -- References
mean more than resumes: If you're
a job seeker, you probably already know you have little control
over the reference you get from former supervisors.
June 4 -- Perry
says Valley losses alone could reach $97 million from drought
(J.T. Smith): Texas Ag Commissioner
Rick Perry says that ag producers in the Rio Grande Valley are
facing the fifth straight year of weather-related economic losses.
June 3 -- To
maintain hard drive space, program weeding required (Brian
Bethel): I remember my first hard
disk. It had 30 big megabytes of storage, and I was sure it would
never get full.
June 3 -- Long
John Silver's Restaurants files for bankruptcy: LEXINGTON, Ky. (AP) -- Long John Silver's Restaurants
Inc., the nation's biggest fast-food seafood chain, has sought
protection from creditors under federal bankruptcy laws while
it tries to sort out its finances.
June 3 -- New
restaurant to open in controversial sports bar's old place: Another spicy establishment is moving in where Knockers,
a Hooter's-like sports bar, once titillated Abilenians.
June 3 -- Sprint
unveils new phone system: NEW
YORK (AP) -- Imagine logging on to the Internet, sending a fax
and talking on the phone, all from the same telephone line.
June 3 -- From
Pluto to potato (Doug Williamson):
Our visit through the world of the World Wide Web this week takes
us from Pluto to potato and from English football (soccer) to
English grammar.
June 3 -- Farmers'
market must do or die at Expo Center grounds (J.T. Smith): After two hours of discussion Monday night, the
questions surrounding the future of fresh produce markets in Abilene
remain largely unresolved.
June 2 -- USDA
releases a new weapon in war against fire ants (J.T. Smith): A new biological weapon was released last week
by the government to fight the red imported fire ant. USDA says
a microorganism from South America is the latest in the biological
arsenal to combat the treacherous fire ant. The idea was to release
some infected ants.
June 2 -- Azle
bank to be acquired by Independent Bankshares: Independent Bankshares is expanding out of West
Texas to the Metroplex. Officials have announced plans to acquire
Azle Bancorp and its Azle State Bank in Azle, a suburb northwest
of Fort Worth.
June 2 -- American
Home Products merging with Monsanto:
ST. LOUIS (AP) - American Home Products Corp. and Monsanto Co.,
both active in merger talks over the past several months, came
together Monday in one of the biggest corporate buyouts ever.
June 2 -- Intel
delays release of future-generation processor: SAN JOSE, Calif. (AP) - Investors expressed disappointment
Monday with a delay in Intel Corp.'s next-generation microprocessor
while analysts disagreed whether it was a serious setback for
the world's largest maker of computer chips.
June 2 -- Travelers
Group takes 25 percent stake in top Japanese brokerage: TOKYO (AP) - Travelers Group Inc. is buying a quarter
of Nikko Securities Co., the third-largest Japanese brokerage
house, expanding its worldwide presence and placing a $1.6 billion
bet on Japan's financial future.
June 2 -- Anger,
embarrassment as strike begins before World Cup: PARIS (AP) - In normal times, a strike by Air France
pilots would merely cause havoc. Monday's walkout created something
even worse: deep embarrassment for a country about to host the
world's biggest sporting event, World Cup soccer.
January
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