No-Fault Insurance Reform Urged by Industry Leaders
Frank O'Brien of the American Mutual Insurance Alliance and Donald McNaughton of Prudential urged drastic overhauls to no-fault auto insurance. They pressed for federal standards, abolished cash thresholds, and strict fee schedules, arguing current state laws hurt reform efforts.
MENTIONED IN THIS ARTICLE
Frank O'Brien
American Mutual Insurance Alliance
New York Assembly Insurance Committee
Donald Sr
McNaughton
Prudential Insurance Co. of America
Federal
New Jersey
Princeton
Congress
O'Brien
New York Legislative Committee
Cotton Growers Approve Higher Checkoff Proposal
Cotton growers narrowly approve a plan to raise checkoff levies for Cotton Inc. to fund promotions. Beginning 1977 a second fee of 1 to 1.25 dollars per bale will be added atop the existing one dollar, with future increases possible subject to secretary of agriculture approval.
MENTIONED IN THIS ARTICLE
Washington
UPI
Agriculture Department
Cotton, Inc
New York
Raleigh
N.C
Secretary of Agriculture
Congress
Italy records wine export surge to United States
Rome Italy reports 8 052 000 gallons of Italian wines shipped to the United States in the first half of the year a record total up 64 percent from the same period last year The Foreign Trade Institute notes sales for the full year may rise 30 to 40 percent versus 1975 reflecting strong demand and growing U S imports of Italian wines
MENTIONED IN THIS ARTICLE
Rome
UPI
Italy
United States
Foreign Trade Institute
Resorts Support Disaster Claims
Telluride and Crested Butte ski areas endorse a proposal to declare Colorado mountain communities an economic disaster area due to low snowfall. Spokesmen support Senator Floyd Haskell's request to the president while noting criticism from others over negative publicity and impact on tourism.
MENTIONED IN THIS ARTICLE
Telluride, Colo
UPI
Colorado
Telluride
Crested Butte
Floyd Haskell
D-Colo
Haskell
Ford
Dennis Lisack
Telluride Chamber of Commerce
Lisack
Vail
Aspen
Folger Coffee Raises Prices to Record Highs
Folger Coffee Co the nations second largest wholesale coffee seller boosted ground coffee prices by 20 cents to 3.08 a pound and instant coffee by 3 cents an ounce effective immediately. General Foods followed with a 20 cent ground coffee rise to 2.91 a pound and small increases on instant and freeze dried brands.
MENTIONED IN THIS ARTICLE
Cincinnati
UPI) Folger Coffee Co
Folger
General Foods Corp
United States
General Foods
Procter & Gamble
U.S
Agriculture Department
Brazil
Prime Rate Reduction Brings Mixed Effects for Borrowers and Savers
The gradual prime rate drop lowers mortgage costs by up to a full point in parts of the country while reducing returns on savings for depositors. Mortgage rates eased nationwide except California where lenders still trimmed to 8.4 percent from 9.42. Savings and loan shares and thrift deposits see declines as banks cut deposit rates, altering advertising promises of compound gains.
MENTIONED IN THIS ARTICLE
Savings and Loan
California
Savings Banks
Wall Street Ends Higher Amid Holiday Trading Slump
New York stocks rose modestly as late pre holiday buying supported the Dow at 985.62 amid mixed NYSE and NASDAQ activity. Transportation stocks dropped after reports on rail financial worries and TWA problems, while banks cut lending rates and Sony and Southern Co led active lists with solid earnings and contracts.
MENTIONED IN THIS ARTICLE
New York
UPI
New York Stock Exchange
Dow
Standard & Poor
Wall Street Journal
TWA
Burlington Northern
Norfolk & Western
Union Pacific
Chessie System
Sony Corp
Sony
Southern Co
Coca-Cola
United Technologies
Sikorsky Aircraft Corp
Boeing
Philadelphia
Textron
Wheatfield
N.Y
Western Union
National Aeronautics and Space Administration
Harris Corp
Technicare Corp
Tandy Corp
Radio Shack
Federal Communications Commission
C.B
Sabine
American Stock Exchange
Also Mentioned on This Page
Business Horizons
Nofault Automobile Insurance
By Bernard Brenner
Zekler
Arco
Pittsburgh
Gary Kime
Upifoto
Kime
UPS
Paul Duckworth
Review Journal
AEC
Lawerence Radiation Labratory
George B. Maxey
Desert Research Institute
Nevada
Financial Center
SE Valley Bank Plaza
4Th & Bridger
Las Vegas Nevada
Eeee
EL Cortez
6Th & Fremont
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