Word: richfield
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...Angeles, Atlantic Richfield Co. is designing a complete "teleconferenceing" network so that key company employees can confer with one another visually by use of satellite hook-and wall-sized projection screens. Starting in 1982, executives in Philadelphia or Dallas will not have to fly to Los Angeles for their regular weekly meeting. Instead they will walk to a room equipped for a teleconference. The system, part of a $20 million company-wide communications effort, is expected to save the company $50 million to $60 million annually in travel costs...
...possibility of a world petroleum shortage was enough to cause a temporary bull market for oil companies that enjoy extensive reserves outside the Middle East. Many oil stocks on the New York Stock Exchange last week rolled to new yearly highs. Among them: Amerada Hess, Atlantic Richfield, Kerr-McGee, Shell, Standard Oil Co. of Indiana and Standard Oil Co. of Ohio...
...lower U.S. consumption of gasoline is even holding down prices a little, at least for the moment. According to some Department of Energy officials, only half of U.S. gas stations are now charging the maximum legal price. Since late May, Mobil, Atlantic Richfield, Gulf and others have shaved 1? to 3? off their prices. Though 1960s-style gas wars are unlikely, some price competition is occurring among stations in close proximity to one another...
...death in 1978. The MacArthur group will pay the purchase price, reportedly about $250,000, to the parent Minneapolis Star and Tribune Co., and assume the magazine's subscription liability of some $3 million. But it will share the magazine's operating costs with the Atlantic Richfield Foundation, whose donor, ARCO, four years ago bailed out another pauper of the press, Britain's Sunday Observer...
...Corporation recently reiterated its position when it abstained on two more, ACSR-endorsed resolutions--one called on the owner of the firm that dumped toxic wastes in the Love Canal neighborhood, to establish a policy on toxic waste disposal; the other asked the Atlantic Richfield Company not to expand its operations in Chile. see Section...