Word: tenneco
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Just hours after receiving the news, Tenneco Inc. chairman Michael Walsh revealed publicly that he has serious but treatable brain cancer. Walsh's disclosure was part of the culture he has proudly created at Tenneco -- one based, in his words, on "openness and candor...
...Warrior attack vehicle. Digisonix, a division of Nelson Industries in Stoughton, Wis., markets units that can be bolted to air ducts to mute the blast of industrial fans and heating and air-conditioning systems. Noise Cancellation Technologies of New York City just announced a joint venture with Tenneco to make electronic mufflers for automobiles and light trucks that can dampen engine boom without reducing engine performance or fuel efficiency...
...since the country's 25.3 billion bbl. in estimated reserves are less than one-sixth of Saudi Arabia's. Last week twelve companies demonstrated their faith in the value of the finite resource by bidding a combined $7.3 billion for the oil and natural-gas assets of Houston-based Tenneco, which is selling those properties to concentrate on its gas-pipeline and construction- equipment businesses. Chevron agreed to pay $2.6 billion for the firm's stakes in the Gulf of Mexico, while T. Boone Pickens' firm, Mesa Limited Partnership, will pay $715 million for Tenneco's midcontinent reserves...
...stocks, worth 6.4 percent of Wheaton's endowment, and reinvest the money so that the school does not suffer a net loss in its portfolio, said Vice President of Finance and Operations Donald Scott. For sale are stocks in seven or eight companies, including DuPont, Hewlett-Packard, ControlData, and Tenneco, Scott said...
Working with Illinois Bell, McDonald's is now using ISDN technology to link its Oak Brook, Ill., headquarters with its Chicago regional office. Tenneco and Shell Oil will begin tests by early next year. To the consternation of the local and regional Bells, a few companies, including Westinghouse and the Travelers insurance firm, have installed their own ISDN internal systems. The Bells are concerned that they may lose some of their largest customers if more companies follow suit...