Stock Market Mixed Gains After Cargo Ship Recovery News
The Dow Jones industrial average rose about 3 points at the open as investors welcomed word of the container ship Mayerguez’s recovery near a Cambodian island. Trading showed uneven gains with profit taking in some issues such as Virginia Electric & Power, while the NYSE composite and trading activity reflected modest advances and mixed movers.
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NEW York
U.S
Dew Jones
New York Stock Exchange
Dow
Mayerguez
Virginia Electric & Power
American Stock Exchange
Marines Hold Koh Tang As Evacuation Proceeds
Pentagon briefers report lingering risk as Marines on Koh Tang face heavy intermittent fire while evacuation plans unfold. One Marine dead, several wounded, helicopter losses, Coral Sea shuttle evacuations, and Mayaguez status uncertain as darkness falls.
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U.S
Koh Tang
Pentagon
Laitin
Coral Sea
Congress Confirms Spending Must Decline Trend
Washington AP reportsCongress declares spending must be curbed after approving plans showing a 68.8 billion deficit. House Appropriations Chair George Mahon Tex says spending tends to rise but vows to limit individual bills. New budget rules to run in 1976 aim to improve control and alignment of goals.
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Congress
House Appropriations Committee
George Mahon
Bdtex
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Families build their own homes on weekends in Fond du Lac
Dozens of families gather evenings and weekends to panel walls nail and raise roof beams aided by a nonprofit and a federal grant. They learn carpentry electronics and plumbing while completing single phases at each home. Some houses are finished and occupied with loans funded by Farmers Home Administration seed money and 1 to 4 percent interest. Community supervisors train them as children help and adults work long hours, sharing in a movement seen as an affordable path to homeownership.
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Eden
Wis
Fond du Lac
Farmers Home Administration
U.S
Debbie Tautges
Dan Neubauer
Miss Tautges
Daniel Stokely
Stokely
Jim Michler
Family Homes United
Fond du Lac County
Jury Ponders Criminal Charge Against Firm
A federal grand jury in New York weighs possible criminal charges against United Brands Co. and its top officers after admissions of a $2 million payment to Honduran officials for favorable tax treatment. Prosecutors seek records of overseas payments since 1970 to Honduras Costa Rica Panama Italy and West Germany amid SEC actions against several firms.
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Ashland Oil
Morgan Approves Sinkings in Mayaguez Crisis
Sen Robert Morgan says the sinking of three Cambodian gunboats in the Mayaguez operation was a correct US action. He asserts the President has authority to use force as needed and that the nation cannot be blackmailed, while thanking the President for informing Congress as events unfold.
MENTIONED IN THIS ARTICLE
Washington
Robert Morgan
D-N.c
Mayaguez
United States
Congress
Helms Praises U S Military Action Over Malaguez
Sen. Jesse Helms on the Senate floor praised the American military action to retrieve the SS Malaguez and its crew. He called it in the finest tradition of a nation born in courage and honor and urged all Americans to unite in praise of the gallant servicemen.
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Washington
Jesse Helms
R-N.c
Malaguez
Senate
Helms
United States
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