ONEOK Inc. reported Friday that U.S. District Judge Roslyn O. Silver in Phoenix dismissed two major claims brought by Southern Union Co. that stemmed from ONEOK’s failed merger with Southwest Gas Corp. The judge earlier had rejected Southern Union’s charges that ONEOK had violated federal and Arizona racketeering laws.
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Bearish One-Two Sends December Futures 26-Cents
Natural gas futures took a Wylie Coyote-like free-fall yesterdayafter a bearish conspiracy of weather and technicals gave traderslittle choice but to liquidate long positions. After notching a newtwo-month high Wednesday afternoon, the December contract openedlower at $3.18 and never looked back, plummeting 25.8 cents tofinish at $2.965. January fared little better, tumbling 23.6 centsto $2.994.
October 29, 1999
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