Stock Prices Edge Toward 1000 as Profits Improve
New York traders pushed the Dow Jones 30 up by 10.39 to 998.50 in four hours of trading while NYSE issues led with a 10-3 edge on declines. Activity remained lively with above Monday's volume as investors welcomed a better than expected government growth report.
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Standard Oil executive to host a midweek press conference
Senior oil executive Donald L. Bower, director and vice-president for marketing of Standard Oil Company of California, will hold a press conference at 8 a.m. Wednesday. He will address gasoline availability, the future for service station operators with a major oil company, and why gasoline prices vary by station.
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Donald L. Bower
Standard Oil Company of California
Bower
Consumer attack on government urged by economist
AP analysis notes total government spending exceeds 500 billion annually, highlighting defense health research and justice as top categories. University of Virginia economist Roland McKean argues consumers should scrutinize public goods as they do private products, citing inflation waste and unsafe or misleading government offerings.
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New York
Roland McKean
University of Virginia
U.S. firms trim Europe footprint amid rising costs
London reports from The Economist and Financial Times show American corporations curbing European investments and operations due to higher costs and shrinking profits. The trend marks a shift from postwar expansion, with some firms exporting more from the United States while maintaining a limited presence abroad.
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