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Newspaper
News
Location
Frederick, Maryland, United States of America
Date
Oct 25, 1979
Page
7
Boiler buyers are guided by a standardized rating system from The Hydronics Institute. Cast iron boilers bear a seal I B R and steel boilers bear BI indicating adherence to high performance standards.
Exxon and Conoco report large July to September profits with Exxon doubling to 1.14 billion. Officials attribute gains to overseas refining and marketing, higher foreign prices, and one time tax and currency effects while U.S. operations lag. The piece cites the role of foreign markets and chemical earnings in boosting overall results. Loyola Federal raises reserves by 6.35 million as nine month earnings bolster surplus to 85.8 million and announces 1980 branch expansions.
Life insurers criticized a Federal Trade Commission study as biased and flawed while congressional witnesses pressed their case that whole life policies are mischaracterized as hybrids of term insurance and savings. Aetna and Massachusetts Mutual acknowledged agents spread the oversimplified misperception to buyers, admitting it harmed understanding of the product.
The Sews in Frederick Md reports a local business gaining inclusion in a new national program. Officials say the company will benefit from expanded distribution and increased market visibility amid evolving industry standards.
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