Word: texaco
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...purses of American motorists, stopping for a fill-up has rarely been much tougher than pulling into a station, whipping out the plastic and announcing, "Charge it!" The gasoline credit card was, indeed, one of the first mass-marketed charge cards, appearing as long ago as 1914 when Texaco, then a young company, began distributing them to customers...
...companies also complain about the high cost of maintaining the credit service at a time of skyrocketing interest rates. Last year Arco spent more than $73 million to administer its credit-card accounts. Texaco, which has also been plagued by rising credit-card costs, last November started levying a 3% sales surcharge on dealers who accept the Texaco cards for payment. Exxon has launched tests in selected areas to see if a 40-per-gal. discount will reduce credit-card use. The company is now considering introducing the plan nationwide...
...generations its people suffered silently, and through all the recent years when they tried to stand up for a little justice and were shot for their pains, the only people who knew about the nation were the executives of companies like Texas Instruments, Chevron, Phelps Dodge, Kimberly-Clark, Texaco and Crown Zellerbach. Any time in the last 40 years, some carefully applied American pressure might have spawned major reform. Probably anytime, that is, until March of last year, when a rightist gunman shot and killed Archbishop Oscar Romero as he celebrated Mass. Perhaps anytime until November 28 of last year...
American oilmen argue that the Trudeau policy has depressed the stock prices of U.S.-owned Canadian companies, including Gulf Canada Ltd. and Texaco Canada Ltd., forcing down their values by an average of 15% during the first month alone after the program was announced. Moreover, Canadian companies, in cooperation with Canadian banks, have hit upon a technique for forcing the U.S. companies to sell out at the depressed market prices. Flush with seemingly inexhaustible credit from the banks, the Canadian companies have been buying up big blocks of stock in American firms, then offering them back to the U.S. companies...
...express an opinion on a Mobil-Conoco merger. In fact, he appeared to be indicating that he might block it, when he said: "If they think we're generally soft on mergers, they're going to be in for a big surprise." If Mobil, Texaco or another member of Big Oil goes after one of the smaller energy firms, Baxter may be forced to produce his big surprise. -ByAlexanderL Taylor...