Senate votes to end federal funding for SST program
Congress defeated a $134 million request to continue work on two SST prototypes by Boeing and GE. The defeat leads Boeing to end the eight year program with up to 7000 Seattle layoffs. Lockheed awaits U S British decision on guarantees to use Rolls Royce engines in its Tristar. Environmental concerns and job cuts loom as observers doubt further non government financing will appear.
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Senate
House
Boeing Co
Seattle
Lockheed Aircraft Corp
U.S
Nixon
Boeing
General Electric Co
Congress
Dow Jones Averages End Week With Mixed Closing
The week saw varied closing figures across sectors. Industrials led losses while utilities and bonds posted modest gains, reflecting uneven market momentum and shifting investor appetite.
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Dow Jones
Financial Markets Report: Stocks and Bonds Trade
A concise New York market update notes trading activity across American stocks and bonds with varied movements. Traders monitor corporate results and macro signals as the session closes with mixed gains and losses.
Kansas City Egg and Butter Prices From AP Listing
Wholesale eggs show large grade A 31 to 39 cents a dozen and medium grade A 26 to 33 cents. Butter remains steady at 85 cents per pound for solid and 86 cents per quarter.
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The
By Linda Rubey
AP Business Writer
Ihe
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