Miller Named Fed Chair Heats Up Wall Street Reaction
NEW YORK AP The stock market posted a small loss after the Carter nomination of a new Federal Reserve chairman. The Dow fell briefly more than 4 points, then trimmed to a 1.22 point drop at 828.48 at midday as losses outpaced gains on the NYSE. Investors debated G William Miller, a Rhode Island business executive, as Arthur Burns successor, viewing him as a strong pick by some yet largely unfamiliar to others.
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New York Exchange Prices Skim Through Listing Notes
The New York Stock Exchange issue prices show fluctuating bids and shares with mixed gains and losses across numerous listed firms including AMBAC, Ampex, Atlas, Avco, and Bausch. Market activity references various tickers and small price movements amid a broad catalog of company quotes and closing markers.
NYSE Noon Index Snapshot With Broad Gains and Losses
The AP reports a NYSE noon index mixed session with industrial and transportation sectors showing small changes. Stocks such as ConEd, Texaco, and General Electric appear among the notable names, as traders digest market moves amid a wide array of listed firms and cross-sector fluctuations.
A P Stock and Rights Notices and Terms
A fragmented note outlines stock and dividend terms including ex dividend and ex rights, with references to warrants when issued and next day delivery. It mentions bankruptcy receivership and securities being assumed by reorganization under bankruptcy act.
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News in Brief Gregg And Cher Calls It Quits Once More
SANTA MONICA, California AP The on again off again marriage of Cher Bono and Gregg Allman is separated with custody awarded to Cher Elijah Blue and Chastity remain with Cher The couple married June 30 1975 in Las Vegas Cher filed for divorce then withdrew The parties had reconciled before further divorce and separation actions.
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Powell Offered to Host Saturday Night Live
New York reports White House press secretary Jody Powell was invited to host NBC TV's Saturday Night Live by producer Lorne Michaels. Powell is considering the offer, with a potential fee of $3,000 if he accepts.
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Heloise Cruse Dies At 58 In San Antonio
Heloise Bowles author of Heloise Cruse hints from Heloise died of heart trouble at Baptist Hospital San Antonio. She was 58. The syndicated columnist wrote the daily household tips for King Features for 17 years and appeared in over 600 newspapers. Her daughter Ponce Cruse will take over the column.
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Victims Linked To Apartment In Hollywood Slayings
Four of the Hillside Strangler victims were seen in the weeks before their deaths at a Hollywood area apartment with a 55-year-old man. Neighbors say the man let young women stay there and traffic was heavy at all hours. Police say he is not a prime suspect.
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Miller Praised As New Fed Reserve Chairman
Washington AP report says G William Miller praised by business leaders as new head of the Federal Reserve Board to replace Arthur Burns. Miller, 52, Textron chair and Boston Fed director, will take over Jan 31 as Carter seeks to maintain business confidence amid inflation policy debate. Carter consulted many businessmen who voiced strong approval, calling Miller a top appointment and noting expected long term jobs and investment. Heath Larry of the National Association of Manufacturers and A W Clausen of Bank of America lauded the choice as superb and one of Carter’s finest decisions.
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Carter outlines budget goals and energy quest in European trip
President Carter discusses balancing the budget amid growth in investment and city needs while aiming to reduce unemployment and expand tax cuts. He notes the cost of aiding the unemployed and blacks youths, and ties energy policy to unity as he tours Europe Asia and the Near East, urging rapid action by Congress to clear the energy cloud.
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