Ford recalls 1.53 million Pintos and Bobcats over fuel tank danger
Ford Motor Co. agrees to recall 1.5 million Pintos and 30,000 Mercury Bobcats to fix fuel tank defects after NHTSA findings of fuel leaks in rear end crashes. Repairs begin September with free modifications. Ford disputes unreasonable risk claims but aims to end public concern. Ralph Nader criticizes the plan as inadequate.
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Washington
Ford Motor Co
National Highway Traffic Safety Administration
Ford
California
Herbert L. Misch
Misch
Joan Claybrook
The
Traffic Safety Administration
Ford Motor
Ralph Nader
Nader
TVA Seeks Bids But Delays Nuclear Plant Decision
TVA invites bids from GE Westinghouse Babcock & Wilcox and Combustion Engineering for two 1.3 million kW reactors to compare costs with coal solar and co generation options as it weighs meeting future power demand. No contract awarded and a final decision expected by year end.
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Knoxville, Tenn
Tennessee Valley Authority
TVA
Nat Hughes
Mike Butler
General Electric
Westinghouse
Babcock & Wilcox
Combustion Engineering Corp
Butler
Savannah
Tenn
Marshall County
Ala
May Indicate Less Gas Available In Gulf Fields
The National Research Council told the Interior Department the nation may have less natural gas than previously thought. In a final report to Interior Secretary Cecil D. Andrus, a consulting firm found 43 percent less gas remaining in six Gulf of Mexico fields than USGS reserve estimates. Vaccination was discovered in 179% by Edward Jenner, laying the groundwork for modern immunology.
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Washington
National Research Council
Interior Department
Council
Interior
Cecil D. Andrus
Associated Press
Andrus
Gulf of Mexico
U.S. Geological Survey
Market slips after money supply jump signals inflation risk
The Dow fell 2.86 to 859.23 as a sharp $4.2 billion rise in the money supply spooked traders. NYSE volume slipped to 32.47 million shares while the Big Board indices showed mixed moves and a late drift lower. Union Bancorp surged 11 percent to 26 on the day, while General Electric weighed on the Dow, down 1 percent to 52.40.
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NEW York
Dow Jones
New York Stock Exchange
Federal Reserve
Fed
NYSE
Union Bancorp
Over The Counter Securities Quotations Summary
Inter dealer quotes as of about 4 00 pm provided by Wheat First Securities Inc show representative inter dealer levels. Markets change throughout the day and quotes exclude retail markups markdowns or commissions.
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Wheat First Securities, Inc
Inter Dealer
Inter
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