Insurance career moves and industry notes across multiple cities
John A Womack Jr joins New York Life Insurance Co as a sales rep after seven years at First Citizens Bank High Point and a Vietnam service record. Other hires, awards, and mergers span Greensboro Winston Salem Charlotte Raleigh and Lincoln ton with Burris Industries advancement, quality round table honors, and a March 1 merger forming United Brokers Inc.
MENTIONED IN THIS ARTICLE
John A. Womack Jr
New York Life Insurance Co
Womack
First Citizens Bank
High Point
U.S. Army
Vietnam
Wofford College
Spartanburg
S.C
Patsy Starling
Rolling Road
John A. Womack Sr
Woodrow Ave
Calhoun Anderson
Fred Shaw
Winston E. Campbell
Charles Bennett
Asheboro
Emerywood Country Club
Life of Virginia Insurance Co
IBM Invests in Its Own Stock A Boost for Shares
IBM announced a $1.12 billion plan to buy 4 million of its own shares, with up to 8.5 million shares more via employee plans over five years. The move aims to lift earnings per share and reduce cash that could be held in reserves, while signaling confidence from IBM executives in its value. IBM 1976 sales reached $16.3 billion and net income $2.4 billion.
MENTIONED IN THIS ARTICLE
Charlotte
Greensboro
Raleigh
First Citizens Bank & Trust Co
First Citizens
John Cunniff
New York
IBM
Justice Department
Keep Watch On Thinking Of Managers Keep Watch On Thinking Of Managers
New York observes that stock market newsletters misjudge big money moves. Institutional managers guard over 100 billion for pensions unions and foundations while IBM remains their favored pet. Shifts in IBM reflect wider market trends even when leading stocks diverge.
MENTIONED IN THIS ARTICLE
New York
IBM
Malaise Over Nation: Investors Retreat as Growth Hopes Fade
The piece notes a recurring cycle of investment enthusiasm followed by realism, with stock participation shrinking from 30.9 million in 1970 to 25.3 million in 1975. It cites net mutual fund redemptions, lower price earnings ratios, and a Dow Jones average drop from 13.1 to 9.7, attributing cause to profit declines and rising employee compensation.
MENTIONED IN THIS ARTICLE
Britain
United States
Dow Jones
Blyth Eastman Dillon
Trade Winds Trade Imbalance Sparks Jitters
U S balance of trade deficit for 1976 around 6 billion unsettles investors. Analysts link growth lead to higher imports, fear of dollar weakening, and possible rise in Treasury borrowing. They note foreign funds flowed into U S credit markets last year but warn funds could dry up if deficits persist.
MENTIONED IN THIS ARTICLE
Lou Schneider
Alliance
New York
United States
U.S
Treasury
Automakers Prepare for Stricter Fuel Standards
New federal rules set 18 mpg average for 1978 models with fines for noncompliance. By 1980 average rises to 20 mpg and by 1985 to 27.5 mpg. Industry expects smaller, lighter cars with tighter margins as General Motors leads and others follow quietly.
MENTIONED IN THIS ARTICLE
New York
General Motors
Also Mentioned on This Page
Robert Stephenson
James Douglas Spiers
Mendenhall School of Auctioneering
8 Man St
Spiers
Mendenhall Road
Greensboro Southern Life Insurance Co
J. Harris Johnson
Clyde Locklear
Southern
Shelby von Canon
Becky Kontoulas
Snelling & Snelling
National Employment Assn
Washington
von Canon
UNCG
Ms. Kontoulas
University of Michigan
Burris Industries
Lincolnton
Calthard M. Eckard
Burris Industries Inc
Cyril I. Johnson
Manfred Welsch
United Brokers Inc
Robinson-Frye Inc
United Brokers of Carolina Inc
Winston-Salem
W.J.L. MecNeary
Booke and Co
William C. Moore Jr
John A
Shelby
Kenan Transport Om
Ye Lance Inc
Lowe's S
Aerotron Inc
Mom & Pop
Msan Trust of
Tnt
Peoples
Bnk
A Trust
Republic Auto Parts
Mig
Caro Lite
Nati Ld
Suna Ie Ire Textiles Inc
Vw Inc
Fide Corp
Vesa Triangle
Trignine Farmers New World Undi Inc
Caro Bandishi
Life Ins. m
Mmol Va Nan Benn
Serrenon Robo Nitting Corp
Henredon Furn, Heilig Meyers
Hickory Furn Mb Um
Xerox
Brentwood St
N.c
Freeman Associates
Eddie Knox
Fleet Lease Manager
North Main
Business Mirror
Frain
National Association of Manufacturers
Whitehill
Marty Payne
Whitehill ‘Ancial Services
First Citizens Bank Plaza
Main ST
Gene Marsh
CPM
Institute of Real Estate Management
National Association of Realtors
IREM
Mendenhall-Moore
Church Ave
Automakers
Jerry W. Lawson
CLU
Paul Schenck
Jerry
Provident Mutual
Homeland Avenue
Greenr
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