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Press Telegram in Long Beach, California

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This newspaper page contains 3 articles. Subscribers can read the full text of each article.

Newspaper

Press Telegram

Location

Long Beach, California, United States of America

Date

Sep 06, 1977

Page

8

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.

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.

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.

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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