Word: mobilize
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Corporate investors in South Africa include most of the U.S. blue-chip giants. Among those singled out by protesters: Citicorp, which has in the past lent money to the Pretoria government; Mobil Oil, which has invested about $426 million and sells its products to the government's procurement office; and IBM, whose computers are used by the country's bureaucracy. Business spokesmen argue that U.S. firms provide jobs for blacks in South Africa, work quietly to break down racial barriers and would be replaced by companies with a lower social consciousness if they pulled out. Indeed, many...
...slump in oil prices is causing a mixture of harm and good outside OPEC. Last week several U.S. oil firms reported stagnant or declining profits for the third quarter. Mobil's earnings fell 41%, to $238 million, compared with the same period last year. But low-cost fuel is producing some consumer bargains. Last week People Express Airlines, citing a decline in aviation-fuel prices, slashed fares by about one-third on five heavily traveled eastern routes...
EDGAR began business last week as a pilot project involving 150 companies. The firms, which include Citicorp, GM, IBM, Mobil, Sears and Xerox, agreed to file all their financial data with the SEC in computerized form rather than on paper. For now, however, the information from EDGAR will be available only at SEC offices in Washington, New York City and Chicago...
When the visitors from New Zealand reached the museum entrance, they touched noses, Maori-style, with their waiting American hosts. These included J. Richardson Dilworth, the Metropolitan's chairman, and officials of the American Federation of Arts, which organized the exhibit of Maori sculpture, and the Mobil Corp.. which helped pay for it. The ceremony ended with a tour of the show by tribesmen, who paused and prayed before each major piece of sculpture and offered incantations...
...incapable of closing the Strait of Hormuz to world shipping by military means, it certainly has the capacity to make travel within the gulf so hazardous and costly that shipping companies would be reluctant to send their tankers into the war zone. Already, several U.S. and Japanese firms, including Mobil Corp., have decided to stay out of the northern third of the gulf, and others are expected to follow suit. In London, insurance underwriters have tripled the cost of coverage for tankers and their cargo in the area. Assessing the situation, a Saudi diplomat observed that all the Iranians need...