Market slides as Iran reports shift to currency basket
New York stocks fluctuated and closed mixed after Iran reports weighing oil payments. Dow dropped 43 to 81.27, while NYSE composite rose 0.25 to 59.36 as oil shares led gains alongside mixed indexes. Trading volume stood at 33.09 million. Occidental led gainers with a 1% rise to 28. Mobil, Texaco, Gulf, ARCO, Marathon, and Shell posted small gains. S&P indexes also rose modestly.
MENTIONED IN THIS ARTICLE
NEW York
Iran
Dow Jones
New York Stock Exchange
NYSE
Occidental Petroleum
Mobil
Texaco
Gulf
Atlantic
Marathon Oil
Standard Oil
Indiana
Shell
Cities Service
Exxon
Fairchild Ind
Fintkt
Giant
Gt A&p
Gulf Oil
Harris
S IBM
Y Kmart
Litton
Marriott Corp
Ma Nail Cp
Noa Phil
Penney
Kirkland Calls for United AFL-CIO Ranks
Lane Kirkland, 57, elected unanimously as AFL-CIO president, pledges a fully united labor movement under the federation. He notes outside unions should join AFL-CIO and addresses major unions including Teamsters and UAW, promising steadfast leadership and continuity with Meany.
MENTIONED IN THIS ARTICLE
Kirkland
Afl-Cio
Owen Ullmann
Washington
Lane Kirkland
George Meany
Organized Labor
United Union
Labor Federation
Meany
Thomas R. Donahue
Donahue
House of Labor
American Federation of Labor and
Congress of Industrial Organizations
Teamsters
United Auto Workers
National Education Association
United Mine Workers
UAW
Insurance buyers gain access to policy comparisons in new rules
New York AP report notes growing competition in life insurance sales driven by regulatory pressure. Buyers gain two cost indices, a buyer's guide, and a policy summary to compare term and whole life products. The rules aim to clarify prices and improve understanding for consumers.
MENTIONED IN THIS ARTICLE
New York
President Jerry Brown Meets Economic Advisers In Satirical Sketch
A satirical script features President Jerry Brown presiding over a high level meeting with advisers. The dialogue mocks budget promises, energy policy, and conflicting goals, highlighting the tension between ambitious programs and balancing the federal budget amid environmental and economic concerns. The second item notes Maryland National Corp declaring a quarterly dividend of 22 cents per share payable December 28 to stockholders of record December 12, 1979.
MENTIONED IN THIS ARTICLE
New York
Jerry Brown
Secretary of the Treasury
Prez
Federal Energy Corporation
Mr. Prez
Berkeley
Maryland National
Maryland National Corp
Also Mentioned on This Page
Standard & Poor
S&p
Business Finance
John Canniff
Louis Rakeyser
Fonda
America
Jane
Southern California Sun
Minnesota
New Hampshire
Council of Economic Advisors
Secretary of Commerce
Secretary of Space
Spaced
Tom Hayden
Federal Reserve
Utah
Colorado
Linda
deNaught Syndicate
Routzahn’s
Your Fisher Store
Routzahn's
Poteet Steet
Mater Chore Cord
Vindobona Convalescent Home
Braddock Heighin
Wayne Allgaier
Joyce K. Snyder
Gladys Fahrney
Nayada E. Kefauver
A.T. Brice
Peter Fahrney
David Fahrney
The
Personnel Association
Carel Lee Zeisweiss
Joyce Snyder
Eddie Zeisweiss
Frances Reynolds
Lou Walters
Bill Green
Bucks County
Jacques Dé Loux
Armstrong
ICS
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