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Newspaper
Press Telegram
Location
Long Beach, California, United States of America
Date
Apr 19, 1976
Page
7
The NYSE showed a fading advance with early sessions firming then turning mixed. Coca Cola led activity on the Big Board with a $00,000 block traded as the composite index rose to 2053.7. Volume reached 7.65 million shares in two hours, while Polaroid and Alcoa moved notably amid earnings and bankings signals.
U.S. companies reduce Europe investments and cut operations in several nations as costs and profits shift. Economists note a trend starting after World War II, with some firms selling off European assets while others resist a full exodus. experts foresee a managed retrenchment rather than wholesale withdrawal, exporting goods and knowhow instead of capital.
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