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Wednesday, March 27, 2002
Nation
THE BATTALION
Shell Oil to buy Pennzoil-
Quaker State for $1.8 billion
fSk SATLRN
of
Bryan/College Station
I 97 North Earl Rudder Freeway
71 Different Kind Of Car Company**
“A Different Kind Of Service Dept 1
COME IN AND LET US GIVE YOUR SATURNTHE CARE IT DESERVES
• Free Cookies • Free Coffee • Free Internet Access • Free Study Tables
• Shuttle Service • Free CarWash
Oil and Filter Change
$ 21.95
Call 846-8444 for appointment
All Saturns & most GM vehicles welcome
Needs oil
Shell Oil Co., a member
of Royal Dutch/Shell
Group, is buying Pennzoil-
Quaker State Co. for $1.8
billion. Pennzoil-Quaker
State Co. is the nation’s
largest motor oil maker.
Shell OH
The company continues to branch
out into new ventures; including
developing new oil and gas
properties, mainly in the deepwater
Gulf of Mexico.
Pennzoil-Quaker State
The company owns Jiffy Lube, the
U.S.’s No. 1 owner of oit-changing
centers. It also makes the nation's
No. 1 and No. 2 brands of motor oil.
Pennzoil and Quaker State
Houston
$29.7 billion
Headquarters
2001 sales*
Houston
S2.3 billion
S3.0 billion
2001 net income*
11,140
Employees*
-$33.9 million
7,467
Stock performance, daily per share
Royal Dutch/Shell Group
$56
Pennzoil-Quaker State
$22
52
48
16
O N D
2001
J F M
2002
O N D
2001
F M
2002
* Shell figures are for 2000
SOURCES: Hoover’s Online: Yahoo.com: Commodity Systems Inc.; Ouote.com
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HOUSTON (AP)
Pennzoil-Quaker State Co.,tit
nation’s largest motor oil mala
and parent company ofmos
than 2,000 Jiffy Lube oi
change service stations aero
the country, is becomingpani
Royal Dutch/Shell Group u,
deal worth $1.8 billion.
The agreement
announced Monday night •
Houston, where both Pennzo
Quaker State and Shell’s L
operations are based.
While officials at bo:
firms said the fai
Pennzoil and Quaker Si:
brands, the nation’s two be
selling motor oils, will
vive, some jobs will not.
“We do expect some redi
tions in staff,” Gail Schutz
Shell spokesperson said.
She estimated 15 perceni-
or some 1,230 jobs — would!
eliminated “within the combir:
work force of Shell Lubnc
and Pennzoil-Quaker State.'
Shell has about 7,000 wot
ers in Houston and
Lubricants Group empl:
about 800 people. Penim said no su
Quaker State has a worlds
work force of about 7,400.
Discussions that lec
Monday's announcement stz
ed about a month ago wh
Shell officials
Pennzoil-Quaker State e«
lives, both companies a
Pennzoil-Quaker
spokesperson Ray Scippas.
no other oil companies w
involved.
The deal, approved Mono
by Pennzoil-Quaker’s board,
expected to close in the seo
Opinion Ed
News Ed.
News Ed.
half of this year. It still m
the approval of sharehofe
and regulators.
For the Houston econor Managing Ed
the new job losses come
speculation of addiM
employment cuts with amerj
of Hewlett-Packard Co. "
fellow computer giant Comp
Computer Corp., based
Houston. There’s also ado"
turn in the oil patch, wbei
exploratory drilling jj
declined by some 40 I79)345-2647
from a year ago.
“It comes at a bad timf
Bill Gilmer, a Houston ecor
mist with the Federal Res eri
Bank of Dallas, said.
This wee
Aggies ha
always an
ment. The
student be
cers runni
tions no 01
pus was tl
issues, Bo
depleted h
Today an
change. Hi
ion on the
Students
This, of coi
means of s1
er opinion,
last semes
Now, more
leaders in it
The vaca
reflects the
ty for stude
the disenfre
In the Jat
increase. In
with very litl
new fees. B
trast to the
smaller fee
approach affecting sti
both in Stuc
Student g
vote this we
issues that <
TH
tl
Tfie, Battalia
»d include the
lie right to edit
mat 014 Reed
ieed McDonald,
NEWS IN BRIEF
New York suit seeks
slavery reparations
NEW YORK (AP) - A federalj
suit seeking unspecified
tions for the 35 million desw||
dants of African slaves was
Tuesday against the Aetna«
a nee company, the FleetbOi
financial services group and *
road giant CSX.
The lawsuit also claims
many as 1,000 un ' c * ent ^ eC Yf r() |
rations may have P r0 ^ e , ,«
slavery and sometimes hep "■
continue in the United 1 JIVGpsj^y
between 1619 and 1865.
“The practice of slavery
tuted an immoral and again c
depravation of Africans li e ' ^ ^ '
ty, African citizenship nghf t
heritage and it 7 Ldr
tural
deprived',hem of the Wits.I* vote
UCJJMVCU Ul^m v v..-
own labor," the lawsuit sai
Light cigarette
smokers sue
tobacco industry
31V
»CSg
tar beat, wear
ess ' and
T ic an cultui
^this has
; ni °f yell lead
WASHINGTON ^ y|||(«|i 1.'. m embei
action lawsuits seeking ^
dollars from tobacco cW^fended. At a"
have been filed in H 5 * ^ aiore diver
tending cigarette makers s e no p | ace _
like “light" to mislead sm k^ |a had the c
believing those brands ar ^ ng cheap
The same argument helpe and spo
vivors of a 53-year-o ^ ^ mask
woman who S ilinW 'Quid be^ P ^
win a jury award of $ 1^ ■ ■>-' n
Morris Cos. Inc. 1351 ini S e lf t| ,■ np
The class-action laws" ; 5tro
the nation s th r ®" ‘. r ^, rr j Sl Hi country
companies — Pnihp atne atrnri+; c
Reynolds Tobacco C°-a ^ Jrica ns imn 0r t f
Williamson Corp. - and a » L
tions of consumer P r0 ^ the |2L Ned with the
Tobacco companies say i M
suits have no merit. K.
3 bt a
winajuryawaraoT^--^ ligh
Philip Morris Cos. Inc. last w ^ ltv , en ha
Z ' nd wh
cigareut; mu.. „ ' n pted fn
terms like “ full ;f’f 0 J’ if feren^ eH P theface of
anH "ultra lights t° dl etter treatm
spoKesman - ,
cigarette manufacturer^
and
duu ‘ultra lights" to
strength of taste an
tar and nicotine.
iourf
Er^ithlhe
' l0n s. The —-
suits have no rneni, „''TLjtz 52| e/ ^ n glos stole
spokesman Seth _ Mds„ ed and ^
pre
ienl