Word: tenneco
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...more behind schedule, and relations between the service and its major suppliers have sunk to their lowest point in many decades. The Navy, in fact, has been slapped with claims demanding $2.7 billion in payment for cost overruns by the nation's major shipbuilders?General Dynamics' Electric Boat Division, Tenneco's Newport News Shipbuilding and Dry Dock Co., and the Ingalls Shipbuilding Division of Litton Industries...
...Department of Energy also has approved plans to land Algerian LNG at Lake Charles, La., and LNG from Indonesia in California. It is considering permitting more LNG to be shipped into Texas and, with Canadian approval, New Brunswick, Canada-from which Tenneco would pipe gas into New England. George H. ("Bud") Lawrence, president of the American Gas Association, predicts that by 1985 the U.S. will be importing altogether 1.6 trillion cu. ft. of gas a year in liquid form, or one-tenth of all the gas it will burn then. Chase Manhattan Bank experts put 1985 imports at 2.2 trillion...
...small family farmer by granting 160-acre parcels of the West's vast quantity of public arid land, and making it fit for agriculture by bringing in federally subsidized water. According to the suit, larger landowners (including such agribusiness giants as Southern Pacific Co., Standard Oil and Tenneco Inc.) gradually cut themselves in for Government water, ignoring the requirement that they sell any land in excess of 160 acres in exchange...
...combat these fast-growing upstarts, the big oil firms are experimenting with a variety of customer come-ons. Tenneco stations in the South have opened convenience stores that sell such things as beer and sandwiches. To entice shutterbugs, some Shell stations have installed Fotomat shops next to their pumps. The majors have also started selling private-label gas brands that are not expensively advertised and can be sold at rock-bottom prices. Mobil, for example, has introduced Big Bi and Hi Val gas in some areas. This practice has often put the majors in direct competition with their own stations...
...trend toward monopolization of the nation's grocery markets by a few chains is matched by the domination of cropland by a few large, diversified companies, such as Tenneco, Bank of America, Dow Chemical, and Coca Cola. In California, 77 per cent of the agricultural land is controlled by 7 per cent of the growers, who employ 79 per cent of the state's farmworkers...