Word: exxon
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...companies for alleged price rigging of Persian Gulf crude flowing into the U.S. Later the case was narrowed to the four U.S. majors who owned and operated Aramco, the Arabian American Oil Co., which pumps Saudi Arabian oil. Last week the Government dropped the case, saying that the firms, Exxon, Mobil, Texaco and Standard Oil Co. of California, no longer had a major influence on the world price of oil. Yawned an Exxon aide: "We'd almost forgotten about...
...vessel that is lifting anchor has $155 billion in assets. It is bigger than GM, Mobil and Exxon combined. With nearly a million employees, it is the second largest employer in America, behind only the U.S. Government. Its annual spending of $17 billion equals about 4% of all U.S. capital investment. Its Bell Laboratories, incubator of the transistor, the laser and Direct Distance Dialing, is the world's foremost industrial research organization. Western Electric makes 80% of all the telephone equipment used in America, including most of AT&T's 827 million miles of copper wire...
...Neill dismissed the merits of the immigration bill with a simple political question: "Is there any real constituency for it?" There were enough supporters of the bill, including such diverse leaders as the president of the AFL-CIO and the chairman of Exxon, to win Senate passage twice, the last time by the overwhelming vote of 76 to 18. Ironically, a recent poll shows that even Hispanics favor tighter immigration laws, contrary to the position of their leaders. But support of organized business and labor for the bill has been lukewarm at best. The opposition of various special interests...
...corporations that do business in South Africa are among the biggest sponsors of the scholarship program. More than 30 companies with South African interests contribute to the SAEP. Jarvis Fremann, a senior public affairs advisor at Exxon and a member of the SAEP board, says that his company contributes because the program is "a worthy undertaking that addresses a real need in South Africa," and not, he insists, to "salve our consciences...
Thomas Hicks has abandoned his commercial photography business in Portland, Ore., to devote himself to trading them. Webb Williams, Exxon Corp.'s trust fund manager, spends an increasing portion of his time investing in them for his company. So does Charles Stevenson, who operates his own New York-based money management firm. Venturesome traders across the U.S. are turning an esoteric-sounding new way of investing money into one of the hottest and fastest-growing ways to cash in on the bull market: stock index futures contracts. They are akin to commodities contracts, but on nothing so tangible...