Stocks erode last week's gains in a mixed session
In New York trading, blue chip issues gave back part of last week's gains as the Dow Jones industrial average fell to around 869 by noon. Analysts cited fears of an economic slowdown while U S Steel cut its shipment forecast and shares dropped. The NYSE composite slipped and volume rose modestly with Public Service Co of Colorado showing active trading.
MENTIONED IN THIS ARTICLE
New York
Edgar B. Speer
U.S. Steel Corp
NYSE
Mose Exchange
Slish
Public Service Co
Colorada
Ted
Study favors no fault auto insurance system
Washington report summarizes a Congressional Research Service study requested by Rep. Ralph Metcalfe. It argues no fault insurance would reduce discrimination against low income drivers, cut court delays, and speed medical and wage recovery, while noting high rates still burden young and poor drivers. The study aligns with DOT findings and signals growing White House support for no fault bills in Congress.
MENTIONED IN THIS ARTICLE
Washington
Seas of Congress
Ralph Metcalfe
D-Il
Metcalfe
Dayet
Department of Transportation
Hoase
Senate
Congressional Research Service
Congress
White House
Hearings consider letting doctors advertise to boost competition
Washington AP reports federal hearings may dismantle AMA advertising rules seen as price fixing and barrier to price comparison. FTC argues ethics ban blocks competition while AMA defends ethics safeguards. About 85 witnesses expected, hearings led by ALJ Ernest G Barnes into next year. Health spending in 1975 reached above 118 billion with rising costs.
MENTIONED IN THIS ARTICLE
Washington
Federal Trade Commission
American Medical Association
AMA
The
Medical Association
Ernest G. Barnes
PTC
Commission
FTC
Michael Pettschuk
Petischuk
Councils of
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NEW York Stock Exchange
Alan
St Sisters
Hes Tan
Rargesh
Bern
Ing
Wmaller
ANA
Lee