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Business Briefs

Posted: Thursday, June 14, 2001

Office has relocated

People Count Inc. has moved to 43530 Ste. 3 on Kalifornsky Beach Road. For more information, call 260-4023.

Antiques on Wheels to brighten Homer's Fourth

Spenard Builders Supply and the Homer Chamber of Commerce invite owners of antique buggies, cars, tractors, toys, motorcycles, bicycles, wagons and carts to join Homer's July 4 holiday parade and to enter the Antiques on Wheels Show on July 4 at Spenard Builders in Homer.

The public can view entries in the show at Spenard Builders between noon and 4 p.m. Prizes will be awarded for the "Most Alaskan," "Oldest" and "People's Choice" entries.

The parade begins at 6 p.m. from Homer High School and runs down Pioneer Avenue. A community party with music and dancing follows in the NOMAR parking lot.

For information, call Boyd Walker at 235-3466.

New firm rents movies to air travelers

InMotion Pictures has opened a store by Gate B2 in the South Terminal at Ted Stevens International Airport in Anchorage to rent portable DVD players and movies. Travelers can take those with them to watch during flights or in airports.

One-way DVD player rentals are available for trips between destinations with InMotion Pictures stores. Those include Vancouver, British Columbia; Seattle; Portland, Ore.; San Francisco, San Jose and San Diego, Calif.; Las Vegas; Minneapolis; Denver; Cincinnati; Atlanta; and Orlando, Fla.

One-way and in-airport rentals cost $10 and include one movie. Round-trip rentals cost $10 per day, and include one movie per day. For those who travel with compatible laptop computers, DVD movie rentals cost $5 for five days, including a prepaid return mailer.

BP, Shell find WWII submarine

BP and Shell recently found the wreckage of the German submarine U-166 while surveying an undersea pipeline route. The U-166 was the only German submarine sunk in the Gulf of Mexico during World War II.

The U-166 lies near the American passenger freighter S.S. Robert E. Lee, which was sunk by a torpedo from the U-166 on July 30, 1942. The U-166 was sunk shortly afterward by the U.S. military. Both vessels rest in about 5,000 feet of water about 45 miles from the mouth of the Mississippi River.

The discovery was made by an unmanned remotely controlled submarine.

Forest Oil Corp. to offer $200 million in senior notes

Forest Oil Corp. announced plans to issue $200 million in aggregate principal amount of senior notes, due 2008, and to use the proceeds to repay existing debts.

The securities will not be registered under the federal Securities Act or any state securities laws. They may not be offered or sold in the United States except in transactions exempted from or not subject to state or federal registration requirements.

Williams buys rights to use Unocal patents

Unocal Corp. and a unit of Williams have signed a non-exclusive licensing agreement giving Williams the right to produce and blend cleaner burning gasolines using formulations patented by Unocal.

The licensing agreement allows Williams to use Unocal's five patents for Williams fuel production from its 180,000-barrel-per-day refinery in Memphis, Tenn., certain blending facilities throughout Williams' terminal system, and its imported volumes of reformulated gasoline.

"With the numerous 'boutique' blends of gasoline in the marketplace today, having this licensing agreement enables us to maximize flexibility within our gasoline pool, agilely change our production slate, and cost-effectively blend reformulated gasolines to better meet our customers' needs," said Nelson Christian, director of operations and technical services for Williams refining and marketing operations.

Tesoro Petroleum Corp. also signed an agreement recently that allows it to make and sell gasoline subject to Unocal patents.

NBA leads SBA lending

National Bank of Alaska was the state's leading Small Business Administration first-quarter lender. NBA financed 11 of 25 approved SBA loans during the first quarter. The 11 loans totaled nearly $4.09 million, the highest total for any Alaska financial institution.

"As a Wells Fargo company, National Bank of Alaska is pleased to offer small businesses the opportunity to expand Alaska's economy, particularly in rural communities around the state," said Richard Strutz, NBA president.

Associated General Contractors is moving

Associated General Contractors of Alaska is moving June 28-29 and has stopped taking mail at its old post office box. It will receive mail until June 28 at its old street address, 4041 B St. in Anchorage. Its new street and mailing address will be 8005 Schoon St., Anchorage 99518-3045. Its telephone and fax numbers will not change.

Home loans up from last year

Alaska Housing Finance Corp. reported an April delinquency rate of 3.64 percent for all home loans except those for mobile homes. That was up from 3.49 percent in March, but down from 4.2 percent in April last year.

The delinquency rate for mobile home loans was 7.82 percent, down from 8.13 percent in March and from 10.91 percent in April last year.

AHFC issued 329 single-family home loans in April, down from 353 in March but up from 254 in April last year. AHFC reported a total of 30,207 active loans in April, up from 28,061 in April last year.



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