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Texaco / Bankruptcy #315208

CBS Evening News for Monday, Apr 13, 1987
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(Studio: Dan Rather) Report introduced.

(NYC: Ray Brady) Contd. reaction to Texaco's decision to file for bankruptcy in effort to avoid paying award won against it by Pennzoil in takeover battle for Getty Oil Company examined; details given, scenes shown. [Texaco attorney Jim SALES - defs. company's action.] [Pennzoil attorney Joe JAMAIL - considers Texaco sleazy.] Background to conflict reviewed. Stk. Mkt. Report Activity of Texaco and Pennzoil stock outlined on screen. [Analyst Frederick LEUFFER - cites Texaco's strength.] [Texaco WORKER - fears for job.]

Reporter(s):
Brady, Ray;
Rather, Dan
Duration:
00:02:20

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