Dow clears 1511 as rates fall and oil slips
The Dow Jones industrial average ends above 1500 for first time as rates ease and oil prices retreat. The index rises 12.5 points to 1511.70 in heavy volume of 178.47 million shares on the NYSE, marking a third straight close at record highs. Analysts point to falling open market rates and cheaper oil boosting inflation outlook and profits for users of petroleum products.
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Sinatra Turns 70 Amid Plans and Concert Tour
Frank Sinatra reaches seventy with a low key Palm Springs birthday and a Barbara Sinatra Children’s Center groundbreaking. He remains active with concert dates in Oklahoma City New Orleans Las Vegas and Atlantic City plus a Memorial Sloan-Kettering benefit at Radio City. In Georgia Richmond County police pursue a shoot-to-kill order amid a December robbery wave ending with a store owner’s death.
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Bowen open to AMA tobacco ad ban if youth influence shown
Health and Human Services Secretary designate Otis R Bowen favored studies on whether advertising influences many youths before endorsing AMA calls to ban cigarette and tobacco ads. He urged further study on the issue before taking a position.
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Aiken Standard Contact and Subscription Rates
Advertising and news ideas contact numbers are listed for the Aiken Standard. Office hours and mailing address are provided with subscription rates for 3, 6, and 12 months, with payment to Aiken Standard-PB Subscription. Established 1867 by Aiken Communications Inc. in Aiken, South Carolina.
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Retail Sales Up 1.1 Percent in November
Commerce Department data shows total retail sales at 115.9 billion, up 1.1 percent from October as auto and department store sales rose. Auto volumes increased 0.9 percent, while non auto sales gained 1.2 percent led by a 1.3 percent rise in department stores. Analysts weigh consumer spending outlook ahead of Christmas amid high debt and low savings.
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Commerce Department
D'Amato Seen Invincible as Ferraro Exits 1986 Race
Sen. Al D'Amato rides a daunting campaign war chest and reduced opposition after Geraldine Ferraro's decision not to run for the 1986 Senate seat. Only Democrat Mark Green remains as a potential challenger, while others pause or withdraw.
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