Stock market retreat extends nine month rally
The Dow fell 5.32 to 121440 amid the slowest NYSE activity in a month as traders cash in on gains. Volume dropped to 84.06 million on the Big Board, with 96.48 million shares including regional and OTC trades. Kodak rose 1.44 to 74 1/2 after a prior slide. energy and steel stocks moved mixed to higher.
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New York
Gowd
New York Stock Exchange
Eastman Kodak
Kodak
Treasury
Martin Marietta Reaches $420M Loan Agreement
Martin Marietta Corp announced a long-term $420 million loan deal with 13 banks to refinance the remainder of last year's loans used to fend off Bendix takeover. The five-year agreement replaces a $930 million one-year loan from August and includes an eight-year $300 million revolving credit with 20 banks for general corporate purposes.
MENTIONED IN THIS ARTICLE
Bethesda, Md
Martin Marietta Corp
Bendix Corp
Martin Marietta
Watt defends coal leasing program before panel
Interior Secretary James Watt backed his coal leasing plan before a House subcommittee, disputing studies that said the Powder River Basin sale cost taxpayers up to 100 million. He argued the bids reflected fair market value and touted changes to seal bids to prevent oral post-award bidding, while critics cited windfall profits and speculative tract purchases.
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Washington
James Watt
House
Watt
Powder River Basin
House Appropriations
Powder River
Appropriations Committee
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Exxon
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Unocal
Schlumberger
NYSE
Exahtanan Tha Minatn Vn
Standard & Poor
S&p
Frederick
Dow Jones
Allg Pw
ATT
Avemco Corp
Balt GE
CSX Corp
U Clorox
Comsat
Exxon MM
Fairchild Ind
Fém National
No A Phil
Unwigd Penney
Peop Dr
Unwigd Plantra
Unwigd Potom el
Ryan Homes
Safewy
Sears
Standex 2A
Subr Bep
Tandy
USFG
Wash Gs
Whaittak
Unwigd
Baker Watts & Co
la Univer
Water Street and
Stauffer RD
Walkersville
Star Roses
Dyn
Sealy
PPR Eet Eee Etineskionntiien
EA. PC
East St
VISA
Choice
Mastercard
Teading Orthopedic Surgeons
Pate
iLey
Subcommittee
Rep
Sidney Yates
D-Ir
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