Mixed Wall Street at Noon As Banks Raise Rates
Stocks shifted with a higher prime lending rate after Wells Fargo's move, Citibank followed, while the money supply fell for a second week. Alcon Laboratories rose 1 percent on merger inquiry chatter. NYSE composite eased to 52.57 and Nasdaq rose to 118.59 with light volume.
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New York
Federal Reserve
Wells Fargo Bank
Wells Fargo
Citibank
Alcon Laboratories
NYSE
American Stock Exchange
New York Exchange Ends Mixed Amid Stock Prices
The Associated Press reports midday prices on New York Stock Exchange listings show mixed moves with notable activity in Amex and Dow components. Investors watched changes in Amex and Nasdaq components as prices fluctuated, with several large caps moving modestly in a narrow range.
Dividend footnote codes and terms in sales notes
Unofficial sales figures accompany a list of dividend footnotes. It defines codes for extra or special dividends, stock splits, liquidations, and payments with timing notes, including ex-dividend and ex-distribution statuses and scenarios like bankruptcy or reorganization.
Former Big Band Singer Wins Birth Control Suit
New York AP report Kitty Kallen, once a leading big band vocalist, won a $300,000 jury award in Manhattan. The case contends birth control pills prescribed for her during her career caused damages, with jurors issuing a verdict in her favor.
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New York
Kitty Kallen
Manhattan
Legionnaires Disease Death Raises Alarm in Tennessee
A man in his late 50s died at Holston Valley Community Hospital amid a second Legionnaires disease death in Kingsport. Health officials note a CDC team has monitored the outbreak since August and hope the spread in northeastern Tennessee is now contained.
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Kingsport
Kuznetsov Named First Deputy to Brezhnev in New Soviet Post
Vasily Kuznetsov, 76, elected by the Soviet parliament to the newly created post of first deputy to President Brezhnev. Suslov praised his foreign affairs experience and knowledge of internal and foreign policy. Kuznetsov currently serves as first deputy to Foreign Minister Gromyko and is expected to leave the ministry for full time duties in the new role.
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Moscow
Vasily V. Kuznetsov
Leonid I. Brezhnev
Soviet Union
Kuznetsov
Brezhnev
Mikhail A. Suslov
Ses
Sion
Ministry of Foreign Affairs
Suslov
Andrei A. Gromyko
Foreign Ministry
Second Duncan Trial Opens for Edwin Duncan Jr Charges
Testimony to begin in Winston-Salem in the trial of Edwin Duncan Jr former Northwestern Bank board chair charged with misapplying more than 257000 in bank funds Jury selection consumed Thursday as Judge Ward and lawyers weighed pre trial publicity impacts Of 60 panelists 36 had heard of the charges or his earlier conviction for IRS agent harassment at bank headquarters.
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Winston-Salem
Northwestern Bank Board
Edwin Duncan Jr
U.S
Hiram H. Ward
Duncan
Internal Revenue Service
Ward
Mandel Convicted Governing Official Ties to Marlboro Deal
Former governor Mandel was found guilty of federal crimes tied to a 1972 legislative effort benefiting Marlboro Race Track. The jury cleared some counts, dropped a racketeering charge, and ruled gifts valued around 350000 dollars influenced policy while media coverage was deemed incidental.
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Mandel
Iowa
Warren McCray
Marlboro Race Track
Taylor
Hess
Rodgers Brothers
Kovens
Cory
Steel production up 16 percent since July breakthrough
The American Iron and Steel Institute reports a 16 percent rise from July and the highest level since December 1974 with foreign shipments at 1.9 million tons. A government study offers no specific remedies and warns no rapid near term improvement. President Carter orders an inter agency review and plans talks with industry and union leaders next Thursday.
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American Iron and Steel Institute
Carter
Spokane Honors Tom T Hall Despite Song Snub
Spokane will name country singer Tom T Hall an honorary citizen on Saturday despite a critical 1973 song. A Spokane truckers group will greet Hall with a convoy of tractor trailer rigs and escort him to a hotel amid planned surprises.
MENTIONED IN THIS ARTICLE
Spokane
Wash
Tom T. Hall
Terrific Truckers’ Assn
Hall
Memphis
L.A
TV Insanity Trial Broadcasts Highlight Zamora Case
Rubin warned that Zamora was conditioned by television to act violently after Elinor Haggart, a Miami Beach resident, surprised him and another person while ransacking her home. The trial of Darrell Agrella, 14, opens today as prosecutors recounts Zamora’s imagined crimes seen on courtroom TV. The remarks were captured during a Florida Supreme Court camera trial with extensive South Florida broadcast coverage.
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Rubin
Zamora
Elinor Haggart
Miami Beach
Darrell Agrella
Ronny Zamora
Senate bill targets unions with penalties and back pay
Backers argue current labor law penalties are too weak to deter violations. The measure would impose financial penalties on violators and require reinstatement with double back pay for workers fired during organizing drives. It also awards compensation when companies refuse to bargain after a union vote and could bar repeat violators from federal contracts for up to three years.
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