Ford Sees Recession Ending As Small Firms Improve
Oil price reports show Libyan crude above market levels while Ford cites a federation survey and SBA loan gains as signs the recession may ease. Small business optimism grows, retail sales rise 2.2 percent in May, and leading indicators up 4.2 percent in April amid lower inventories and rates. Reuss counters that unemployment remains at 9.2 percent and criticizes a jobs bill and housing aid.
MENTIONED IN THIS ARTICLE
Ford
Federation
Federal
Small Business Administration
Port
Commerce Department
House Banking Committee
Dwis
Johnson Wax ends use of aerosol propellants in cans
Johnson Wax announces immediate end to fluorocarbon aerosol propellants in consumer products dispensed by Agrasal Cas Samuel. Johnson, chairman and CEO, says decision made in the interest of customers during a period of scientific inquiry. The firm is the nation’s fifth largest aerosol can maker.
MENTIONED IN THIS ARTICLE
New York
Uuthe Johnson Wax Vo
Agrasal Cas Samuel ¢. Johnson
Wade
CIA leaks saga widens as panels clash in Capitol
Rep Lucien Nedzi says no more meetings until a dispute on the House Intel panel is resolved. Colby testifies that past CIA assassination probes offer little to gain publicly and should stay secret. Nessen says the White House backs the Church committee approach, cites leaks and accountability, and declines to reveal plans on Rockefeller Commission findings.
MENTIONED IN THIS ARTICLE
Lucien Nedzi
Dmich
Select Committee On Intelligence
Nedazi
House
Riles
B.P. Sisk
D-Calif
Cla
William E. Colby
Congressional
CIA
Ciapolics
Rockefeller Commission
Nessen
Michael Arrington
D-Mass
House Armed Services Committee
Chile
Cal Budgets Cuts and Veto Hopes Stir Lawmakers
California budget debate centers on trimming to 10 percent, with Brown pushed toward signing a $113 billion package. Spokesman Bill Stall denies veto threats as lawmakers warn of potential fireworks. The plan raises 83 percent layoff risk for state workers and funds adult education, bilingual programs, and cost-of-living adjustments for the aged, blind, and disabled amid inflation concerns.
MENTIONED IN THIS ARTICLE
Brown Waukle
Brown
Bill Stall
Sid
McCarthy
Parker
Ronald Reacon
University of California
Reagan Still Wants Open Convention
Reagan left open the possibility of challenging President Ford for the Wisconsin Republican nomination and urged an open GOP convention next year. He said Ford does not ask him to be his running mate and noted the party would be better served by a broader process.
MENTIONED IN THIS ARTICLE
Ford
John F. Kennedy
Robert
CIA
Nessen
Washington
Ronald Reagan
Wis
National Federation of Independent Businessmen
Reagan
Oper
Court bans election gift suits across federal law
The Supreme Court ruled unanimously that stockholders cannot sue corporate officers for illegal campaign contributions under federal law. Justice Brennan said such suits would intrude on state-law domains. The decision allows stockholders to petition the Federal Election Commission to probe contributions, with charges pursued by the Justice Department if warranted.
MENTIONED IN THIS ARTICLE
Washington
UPI
Supreme Court
William J. Brennan Jr
Federal Election Commission
Justice Department
Brennan
Pittsburgh
Richard M. Mixon
Bethlehem Steel
Also Mentioned on This Page
Reuss
Congress
Capitol Hill
Albert Rees
Council On
Rees
America
Cynthia Donalzias
Cynthia
E. 19Th St
Dave Shhindler
Rescue Station 1
Charles R. Crooks
Colby
Special House
Cormties
Senate Intelligence Committee
Frank Church
O- Tdaho
Nelsen
Nelson A. Rockefeller
Cal
Gia
Philadelphia
Richard A. Ash
Stewart 8. Cort
Ash
Dooley
Ooley's
Westinghouse
Dooley's
Booley
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