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By Ross Hetrick and Ross Hetrick,Evening Sun Staff | July 31, 1991
Pennzoil Co., the Houston oil company that owns an 82.4 percent share of Jiffy Lube International Inc., is offering to buy the remaining 1.53 million shares at $6 each, for a total of $9.2 million.Jiffy Lube yesterday closed at $4.50 a share, down 50 cents. Pennzoil's offer was announced after the market closed.The action would complete the takeover of the former Baltimore company, which Pennzoil rescued from a sea of red ink in late 1989. At that time, Pennzoil bought 80 percent of Jiffy Lube for $35 million.
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By Los Angeles Times | November 1, 1998
You have probably heard of people who shave or brush their teeth while driving, but what about motorists who argue with their dogs, accidentally set themselves on fire with matches or debate puppets in their cars?According to a new survey by Pennzoil, those are a few of the strange behaviors reported by American drivers.Other findings:Southerners are the most likely to floss their teeth on the road.Motorists in the Pacific Northwest are the most inclined to talk to themselves or argue with other passengers.
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BUSINESS
By BLOOMBERG NEWS | June 24, 1997
FORT WORTH, Texas -- Union Pacific Resources Group Inc. made a hostile bid of $6.4 billion in cash, stock and assumed debt yesterday for Pennzoil Co., aiming to expand its oil exploration business and latch on to the best-selling brand in motor oil.Union Pacific is offering $84 a share, or 41 percent more than Pennzoil's closing price on Friday, in cash or stock.Pennzoil's board rejected an $80-a-share bid Sunday. Union Pacific raised the offer and took it directly to shareholders because it's confident that it can raise profits from Pennzoil's oil and natural gas properties, analysts said.
SPORTS
By Eduardo A. Encina | July 26, 1998
Jim HarbaughPosition: QuarterbackHeight: 6-3Weight: 215Age: 34College: MichiganYear: 12thHighlights: Nicknamed "Captain Comeback" after he led the Indianapolis Colts to five fourth-quarter victories in 1995 and '96 and 12 in his career, Harbaugh has led his team to the playoffs six of his 11 pro years, including two times with the Colts in '95 and '96 under Ravens coach Ted Marchibroda. In 1995, Harbaugh made the Pro Bowl and led the NFL with a 100.7 quarterback rating. Before playing for the Colts, Harbaugh spent seven years in Chicago.
FEATURES
By Anita Gold and Anita Gold,Knight-Ridder/Tribune News Service | April 9, 1995
Q: I have a set of three cast Pennzoil owls -- a mama owl andtwo baby owls along her side, which I believe are made of copper. Where can I possibly find interested collectors?A: Those who give a hoot can be found listed in wanted ads in Check the Oil, the monthly magazine of the International Petroliana Collectors' Association, which is loaded with gas station collectibles and memories of the old-time filling stations. It's available with an I.P.C.A. membership for $29 a year first class, or $20 a year second class, or $4 for an issue, from Check the Oil, P.O. Box 937, Powell, Ohio 43065-0937.
BUSINESS
October 1, 1992
Pennzoil, Chevron reach dealPennzoil Corp. said yesterday that it agreed to swap nearly $1.1 billion, or 48 percent, of its Chevron Corp. stock for Chevron domestic properties that will double Pennzoil's current oil and gas business. Once the tax-free transaction closes, both companies will drop claims filed in a long-running legal battle over Pennzoil's acquisition of 9.7 percent of Chevron stock.Under the agreement, Pennzoil will swap 15.75 million shares of Chevron common stock for all the stock of Chevron PCB Inc., which owns producing properties in the Gulf of Mexico, along the Gulf Coast and in the Permian Basin of Texas.
SPORTS
By Sandra McKee and Sandra McKee,Evening Sun Staff | February 12, 1991
Moving billboards, that's what Winston Cup cars have been called.They are painted to reflect their sponsors' colors, and their front fenders are plastered with advertising stickers, with contingency sponsors' names placed "just so" to catch the roving eye.No one is saying the overall look of racing is going to change, but the Pennzoil Pontiac driven by Michael Waltrip in the Daytona 500 Sunday will stand out in the crowd."
BUSINESS
October 1, 1992
New-home sales fallNew-home sales took their steepest plunge in five months in August, the government said yesterday. The news surprised most analysts, who had expected the lowest mortgage rates in nearly two decades to boost the housing market. According to the Commerce Department and the Department of Housing and Urban Development, sales in August fell 6.1 percent, to a seasonally adjusted annual rate of 570,000.At the same time, the government sharply revised upward, to 607,000, its initial estimate of July sales.
FEATURES
By Los Angeles Times | November 1, 1998
You have probably heard of people who shave or brush their teeth while driving, but what about motorists who argue with their dogs, accidentally set themselves on fire with matches or debate puppets in their cars?According to a new survey by Pennzoil, those are a few of the strange behaviors reported by American drivers.Other findings:Southerners are the most likely to floss their teeth on the road.Motorists in the Pacific Northwest are the most inclined to talk to themselves or argue with other passengers.
BUSINESS
January 18, 1997
Shedding the last vestiges of its corporate ties to Maryland, Jiffy Lube International Inc.'s parent company has sold the oil and automobile service company's former headquarters in the city's Seton Business Park.The 80,000-square-foot office building, completed in 1988 at a cost of $10.5 million, was purchased by DuPont Financial for $5.5 million, with financing provided by Nomura Asset Capital Corp. DuPont Financial is an investment firm owned by Jay L. Denburg, a certified public accountant and managing director of accounting firm Denburg & Low, P.A.The building at 6000 Metro Drive is fully leased to the Baltimore Visiting Nurses Association, Sprint Communications, Chesapeake Biological Laboratories and American General Insurance.
BUSINESS
By BLOOMBERG NEWS | June 24, 1997
FORT WORTH, Texas -- Union Pacific Resources Group Inc. made a hostile bid of $6.4 billion in cash, stock and assumed debt yesterday for Pennzoil Co., aiming to expand its oil exploration business and latch on to the best-selling brand in motor oil.Union Pacific is offering $84 a share, or 41 percent more than Pennzoil's closing price on Friday, in cash or stock.Pennzoil's board rejected an $80-a-share bid Sunday. Union Pacific raised the offer and took it directly to shareholders because it's confident that it can raise profits from Pennzoil's oil and natural gas properties, analysts said.
BUSINESS
January 18, 1997
Shedding the last vestiges of its corporate ties to Maryland, Jiffy Lube International Inc.'s parent company has sold the oil and automobile service company's former headquarters in the city's Seton Business Park.The 80,000-square-foot office building, completed in 1988 at a cost of $10.5 million, was purchased by DuPont Financial for $5.5 million, with financing provided by Nomura Asset Capital Corp. DuPont Financial is an investment firm owned by Jay L. Denburg, a certified public accountant and managing director of accounting firm Denburg & Low, P.A.The building at 6000 Metro Drive is fully leased to the Baltimore Visiting Nurses Association, Sprint Communications, Chesapeake Biological Laboratories and American General Insurance.
FEATURES
By Anita Gold and Anita Gold,Knight-Ridder/Tribune News Service | April 9, 1995
Q: I have a set of three cast Pennzoil owls -- a mama owl andtwo baby owls along her side, which I believe are made of copper. Where can I possibly find interested collectors?A: Those who give a hoot can be found listed in wanted ads in Check the Oil, the monthly magazine of the International Petroliana Collectors' Association, which is loaded with gas station collectibles and memories of the old-time filling stations. It's available with an I.P.C.A. membership for $29 a year first class, or $20 a year second class, or $4 for an issue, from Check the Oil, P.O. Box 937, Powell, Ohio 43065-0937.
BUSINESS
By New York Times News Service | September 28, 1993
Martin S. Davis, the chairman of Paramount Communications, averted a potential rift with his board yesterday when he persuaded it to stall before negotiating a merger with QVC Network Inc. His aim was to give Viacom Inc., his hand-picked merger partner, a chance to come back with a sweeter offer, an executive close to the board explained.As a result of his argument, the board opened the door yesterday to merger talks with QVC, but not until QVC proves it has the financing in place for its potential purchase.
BUSINESS
October 1, 1992
New-home sales fallNew-home sales took their steepest plunge in five months in August, the government said yesterday. The news surprised most analysts, who had expected the lowest mortgage rates in nearly two decades to boost the housing market. According to the Commerce Department and the Department of Housing and Urban Development, sales in August fell 6.1 percent, to a seasonally adjusted annual rate of 570,000.At the same time, the government sharply revised upward, to 607,000, its initial estimate of July sales.
BUSINESS
October 1, 1992
Pennzoil, Chevron reach dealPennzoil Corp. said yesterday that it agreed to swap nearly $1.1 billion, or 48 percent, of its Chevron Corp. stock for Chevron domestic properties that will double Pennzoil's current oil and gas business. Once the tax-free transaction closes, both companies will drop claims filed in a long-running legal battle over Pennzoil's acquisition of 9.7 percent of Chevron stock.Under the agreement, Pennzoil will swap 15.75 million shares of Chevron common stock for all the stock of Chevron PCB Inc., which owns producing properties in the Gulf of Mexico, along the Gulf Coast and in the Permian Basin of Texas.
SPORTS
By Eduardo A. Encina | July 26, 1998
Jim HarbaughPosition: QuarterbackHeight: 6-3Weight: 215Age: 34College: MichiganYear: 12thHighlights: Nicknamed "Captain Comeback" after he led the Indianapolis Colts to five fourth-quarter victories in 1995 and '96 and 12 in his career, Harbaugh has led his team to the playoffs six of his 11 pro years, including two times with the Colts in '95 and '96 under Ravens coach Ted Marchibroda. In 1995, Harbaugh made the Pro Bowl and led the NFL with a 100.7 quarterback rating. Before playing for the Colts, Harbaugh spent seven years in Chicago.
BUSINESS
By New York Times News Service | September 28, 1993
Martin S. Davis, the chairman of Paramount Communications, averted a potential rift with his board yesterday when he persuaded it to stall before negotiating a merger with QVC Network Inc. His aim was to give Viacom Inc., his hand-picked merger partner, a chance to come back with a sweeter offer, an executive close to the board explained.As a result of his argument, the board opened the door yesterday to merger talks with QVC, but not until QVC proves it has the financing in place for its potential purchase.
BUSINESS
By Ross Hetrick and Ross Hetrick,Evening Sun Staff | July 31, 1991
Pennzoil Co., the Houston oil company that owns an 82.4 percent share of Jiffy Lube International Inc., is offering to buy the remaining 1.53 million shares at $6 each, for a total of $9.2 million.Jiffy Lube yesterday closed at $4.50 a share, down 50 cents. Pennzoil's offer was announced after the market closed.The action would complete the takeover of the former Baltimore company, which Pennzoil rescued from a sea of red ink in late 1989. At that time, Pennzoil bought 80 percent of Jiffy Lube for $35 million.
SPORTS
By Sandra McKee and Sandra McKee,Evening Sun Staff | February 12, 1991
Moving billboards, that's what Winston Cup cars have been called.They are painted to reflect their sponsors' colors, and their front fenders are plastered with advertising stickers, with contingency sponsors' names placed "just so" to catch the roving eye.No one is saying the overall look of racing is going to change, but the Pennzoil Pontiac driven by Michael Waltrip in the Daytona 500 Sunday will stand out in the crowd."
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