Word: midlands
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Dates: during 1970-1979
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...Midland, Texas...
...support for building pipelines to link West Coast oil terminals with refineries in the Midwest. Standard Oil Co. of Ohio has the most promising plan. It wants to buy 1,026 miles of underused natural gas pipelines and construct 230 miles of new line to link Long Beach with Midland, Texas; from that point, the oil would head east through existing pipelines. The $500 million project could carry half a million barrels a day and would cost considerably less than tanker transport. The Government has strongly supported the idea for four years, but the project has bogged down while...
...invasion was dramatized last week by the Hongkong and Shanghai Banking Corp., which has more than 400 branches in 40 countries. It announced that it is negotiating to buy a "significant equity position" in the parent company that owns Marine Midland, the 14th largest U.S. bank, with assets of $12 billion and more than 300 branches in New York State. Other foreign banks have followed the buy-in route too: European American Bank, which is owned by six European banks, bought out the bankrupt Franklin National in 1974 and now has 97 branches in New York City and Long Island...
...Midland, Mich...
...will be up about 10%, but the bank recently disclosed that for the fourth quarter it will report its first decline from a year earlier since 1969. Chase in the third quarter reported earnings a stunning 56% below those for the 1974 period, and New York's Marine Midland, after clearing its books of $25 million in bad debts, expects to report an actual overall loss for the fourth quarter. Marine Midland will also reduce its dividend from 450 a share...