Leaner times hit Wall Street brokers in 1968 lean period
Leaner days have fallen on Wall Street brokerage firms amid falling markets and high costs. Firms cut personnel and branch offices as profits shrank from 7.2 percent in 1967 to 4.7 percent in 1968, with Dow peaks eroding and trading volume dipping. Major houses like Bache & Co and Francis I duPont & Co filed layoffs and consolidations to weather the downturn.
MENTIONED IN THIS ARTICLE
New York
Wall Street
New York Stock Exchange
Exchange
Dow Jones
Moniday
Bache & Co
Francis I duPont & Co
Charles Moran Jr
McDonnell & Co
McDonnell Fund, Inc
McDonnell
New York Exchange
Goodbody & Co
New York City
Blair &Co
H. Hentz & Co
Weis, Watson, Cannon, Inc
Dempsey-Tegeler & Co
Nuveen Corp
Thomson & McKinnon
Carlisle & Jacquelin
DeCopper & Doremus
Total Stock Exchange
Robert W. Haack
Robert Hall
Ceausescu Ends Romanian Congress With Cautious Commitment
Nicolae Ceausescu wrapped up the Romanian Communist party congress in Bucharest with a careful pledge to pursue independent policies and gradual democratization. He avoided direct challenges to the Soviet line while stressing support from foreign party delegates and re elected him secretary general.
MENTIONED IN THIS ARTICLE
Bucharest
Romania
Nicolae Ceausescu
Nixon
Communist Party
Ceausescu
Soviet Communist Party
Old Guard
Kivu Stoica
Gheorghe Apostol
Gheorghe Gheorghiu- Dej
Council of State
Party Central Committee
Czechoslovakia
Konstantin Katushev
Moscow
Dolores Ibarruri
Spain
Katushev
Prague
GM Hit With $427 Million Wheel Damage Suit
In Los Angeles a $427 million defection damages suit targets General Motors for refusing to replace defective wheels on about 150000 Chevrolet and GMC trucks from 1960 to 1965. Also named are wheel maker Kelsey Hayes and plaintiffs George W. Anthony and Herbert T. Lockerbie. Suit seeks $97.5 million in damages, $100 million punitive against GM, $50 million punitive against Kelsey-Hayes, and $180 million triple damages under Robinson-Patman Act claims.
MENTIONED IN THIS ARTICLE
Los Angeles
General Motors Corp
Los Angeles Superior Court
George W. Anthony
Lynwood
Herbert T. Lockerbie
Sacramento
Kelsey Hayes
Anthony
Lawrence C. George
IGM
Kelsey-Hayes
Thletes Foot Warning Promotes Keratolytic Treatment
A flawed ad urges use of a keratolytic product to slough off infected skin and claims fast relief with a money back guarantee. The message touts availability at drug counters and promises a refund if unsatisfied.
MENTIONED IN THIS ARTICLE
Freilef
Also Mentioned on This Page
Hock Avalanche-Journal
Kate Osann
WEA
Tae
Gloria
the Exchange
Layoffa
Ained New Capital
Lawrence F. O'Brien
Postmaster General
Compa& Co
Dnae
Gibson
Ladies Diamond Bridal Ser
Gibson’s
Gibson’s Price
Westclox
Ave
Slide Road
Playbecks
ACADA
Mayfair
Wahl
Gibson's Price
Remington
ROYAL
Safari
Kodak Instamatic
General Motors
Thlete
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