Word: petroleum
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...Conoco-Du Pont agreement was the climax of a complex drama of high finance. It began with unwelcome assaults on Conoco by two Canadian companies. The first came in May, when Dome Petroleum bought 20% of Conoco's stock. The U.S. company fended off that threat by agreeing to trade its majority interest in the Hudson's Bay Oil and Gas Co. in return for the Conoco stock that Dome had acquired. At the same time, however, a more ominous Canadian challenger appeared. In late May, Seagram privately approached Conoco with an offer...
...Font's interest in Conoco is understandable. Petroleum is the raw material for some 80% of its products. Like all chemical makers, Du Pont has been badly hurt by the surge in oil prices since 1973. Now Du Pont will have its own private supply of crude. Last year Conoco produced 374,461 bbl. of oil per day worldwide, of which 36% came from U.S. wells. Moreover, Jefferson contends that Du Pont scientists will be able to help Conoco develop new techniques for boosting the yield from oil wells and converting coal into synthetic fuel. Conoco is the second...
...last year for such products as Pampers and Cheer, revealed that over the past year it had withdrawn its sponsorship from some 50 episodes. SmithKline, which advertises Contac and Dietac, responded to CBTV by expressing its concern in writing to the networks. A few other companies, including Gillette, Phillips Petroleum and Dow Chemical, took the precaution of getting in touch with CBTV. The judgment conveyed to Phillips Petroleum Media Relations Representative Jim Daniels: "We were pretty good for sex, middle of the road for violence and bad for profanity...
...June that within the past year his company had pulled out of 50 TV movies and series episodes, including seven of the ten series that Wildmon has cited as "top sex-oriented."* Last week representatives of at least four companies-including Warner-Lambert, SmithKline, Gillette and Phillips Petroleum-conferred privately with CBTV, some in apparent hope that Wildmon would excuse them from the boycott hit list if they would go and sin no more. Wildmon in turn announced: "I think consultation and conversation and compromise are far superior to confrontation. We've always said that a boycott...
...verse. Praises of exceptional men were to be sung. News today may be little more than bookkeeping, closer to ledger accounting than anything else. But even now we respond, almost intuitively, to heroes. Maybe with a little mistrust, to be sure, but still intuitively. Even Fortune magazine profiles petroleum executives in terms of bloody business combatants: vicious merger bids being the modern equivalent of a head on a lance...