Corporate profits hide the truth says accounting firm
Touche Ross & Co proposes current value accounting to strip out inflation effects and show true economic profits. It argues that reported profits exaggerate health while inflation skews GNP and financial statements. The plan targets directors and senior managers for test in 1975.
MENTIONED IN THIS ARTICLE
John Cunniff
New York
Touche Ross & Co
U.S
Russell Palmer
Palmer
Touche Ross
Car Makers End 1975 With Signs of Recovery in 1976
Detroit reports show 1975 domestic car sales of 7,050,129, down 5 percent from 1974 and 27 percent from 9.7 million in 1973, but December and Q4 gains boost optimism for an 8.5 million year in 1976. Foreign models capture 18 percent of U.S. market, with Toyota rising while VW falls as imports surge on low prices and fuel economy. Total new car sales, including imports, reach 8,625,600, a 2.5 percent drop from 1974. GM posts a small gain, while AMC, Ford, and Chrysler decline more sharply.
MENTIONED IN THIS ARTICLE
Detroit
Bennett E. Bidwell
Ford Motor Co
Volkswagen
U.S
Japan
Toyota
Europe
General Motors
American Motors
Ford
Chrysler
AMC
NYSE Dow Jones Indices at 2 P.M. Trading Snapshot
The New York Stock Exchange reports 2 PM quotations with Dow Jones sectors led by Industrials near 913, Transports around 185, Utilities near 88, and the overall Dow Jones index at 279.64 amid mixed daily moves. Individual issues show Alcan, Amoco, Amex, and many others posting varied gains and losses, reflecting a broad market snapshot.
Stock market keeps rising on signs of easing inflation
The Dow Jones industrial average rose 4.57 to 912.55 with a 59.57 point intraday gain as 1976 began. Gainers edged losers at the NYSE while the government showed wholesale prices fell 0.4 percent in December after seasonal adjustment, and 1975 ended up 4.2 percent for the year.
MENTIONED IN THIS ARTICLE
New York
New York Stock Exchange
Commodity Closing Prices From Madda Trading
London gold 134.00 up 0.00. IMM Mar gold 137.20 up 0.90. Feb silver 4.25 up 0.005. Jan platinum 145.00 down 0.70. Mar copper 57.2c up 1.1. Mar wheat 3.51 down 0.14. Mar corn 2.66 down 0.02. soybeans 4.67 down 0.14. Feb five cattle 40.72 down 0.45. Feb five hogs 47.10 down 1.50. Feb pork bellies 72.90 down 2.00. eggs 51.6c up 2.00. May Maine potatoes 14.12 up 0.62. Mar plywood 157.20 down 1.70. March cotton 62.35c down 0.49. March sugar 14.3c down 0.27. Market not closed on above items.
MENTIONED IN THIS ARTICLE
Benguet
Ava
BorWar
Harris
Harte Hk
BritPet
Vo Brunswk
Hercules
Vo BucyEr
Heublin
BuddCo
We Hewltk
Bulovaw
Hoernw
Va Bank Ramon Hott Electra
Bat Ve Burlind
Ula
Mit Hongwil
Cart
Ua U
Ve CastiCk
Implicpa
Wat Caterpora
Ye Ina Cp
Vo Cbs
IntMinCh
InNick
Chipneyt
Iowa
Chris Craft
Chrysler
VettelCorp
Jsj — Citicorp
Jewelc
al M+ Vo
Ve Clarke
Wat JhnMan
Ninwan Jostens
Va Kresger
Ve Coopind
Va Kroger
Crown Cork
Va Lockhd Airc
Dennys
LaPacif
OlamSh
LTV Corp Luckstr
DillonCo
LukenSt
Disney
LykesYng
Dresser
Macy
duPont
MAPCO
Marato
Ea Marcor
EastAir Lin
Easka
Echlin
ElPaso
McDonalds
EltraCp
McDond
Va EmerEi
McGrah
Enserch
Exxon
Mohasco
Monsan
Ye Feddst
Monou
Byvat
Motorola
MiStTel
Va Nabisco
GamSk
Natoma
Gannett
NCR
TAFAO
Noaphi
Norngs
Va Genesco Inc
GaPac
Northrop Gp
NorSim
Grumm
Va OtisElv
Texaco
PacGas
TexPac Td
PacLig
Va Textron
PacPetri
Thiokol
PacPw
Aotter
Aotter ThriftDg
Pactt
TimeMir
Va PandAm Air
Timlin
Va Panep
Todd Shipyd
Pasco
Atve
Penn Cent
Transam
Penney
PhilaEl
PhilMorr
UnoCal
Phill Pet
E— Upaccp
Pitney B
Ya Uniroyal
Ba Polaroid
WMW
Wat Vo
Ve Publikr Ind Af
Unit Tech
Pueblont
UniTel
Quaksto
Questor
Varian
Ralston P
Vetco
Rancom
Raytheon
Wave
Bate Wachove
Restvoil
WestgEl
Va Revion
Weyerhr
Royccol
WilmsCo
Royld
Ve. ZenithRad
Sandrs Asso Wu
Associated Press
Sfelnd
SanFelnt
Searleg
Sears
Shell Oil
Sonres
Squibb
St Brand
Tektronx
Tennco
London
Imm
Mar
Maine
Vets jobs seminar scheduled
A three hour employment seminar for Vietnam era veterans takes place Wednesday at 9 am in the Arizona Department of Economic Security auditorium 1717 W. Jefferson. Sponsored by the Phoenix metro NAB the free program is the 15th in a series to teach practical job hunting skills to young service veterans. Participants should contact the NAB office in advance. The morning session features experts from the Veterans Administration the Department of Economic Security and area employers.
MENTIONED IN THIS ARTICLE
Arizona Department of Economic Security
W. Jefferson
Phoenix Metro
National Alliance of Businessmen
NAB
Veterans Administration
Department of Economic Security
Honeywell Opens Guest Center for Process Control Demonstrations
Honeywell's Process Control Division opened a guest services center at 2222 W. Peoria Ave, its divisional headquarters. The facility features a large demonstration room, a computer room, private offices, and a conference area with glass walls enabling visitors to view the full line of process computer equipment during demonstrations.
MENTIONED IN THIS ARTICLE
Honeywell
W. Peoria Ave
Employers Often in Dark About Earnings Says Hay Survey
Hay Associates surveyed 458 firms in early 1975 finding 85 percent deem informing employees about noncash compensation important yet only about half have formal ways to disclose these benefits. Typical spend on such communications averages under $5 per employee annually, a total of around $500 million nationwide, far less than corporate advertising.
MENTIONED IN THIS ARTICLE
James J. Mitchell
U.S
United States
Advertising Age
Michael M. Nash
Hay Associates
Los Angeles
Nash
State Receives 350000-Dollar Weights Equipment
Gov Raul Castro accepted a 350000 dollar weights and measures equipment set from the U.S. Bureau of Standards on behalf of Arizona. Dr John D Hoffman of the National Bureau of Standards presented the gear, later turning it over to Richard Harris at the dedication of the new state laboratory in Phoenix.
MENTIONED IN THIS ARTICLE
U.S. Bureau of Standards
Raul Castro
State of Arizona
John D. Hoffman
Institute For Materials: Research
National Bureau of Standards
Washington, D.C
Richard Harris
State Weights and Measures Division
New State Laboratory
19Th Ave
Phoenix
Also Mentioned on This Page
Business Mirror
Car Makers
Dow Jones
AlcanAlu
AligPw
AfilisChal
Amax
Alritn
Am Motors
Ammt&t
Ampex Corp
Apecy Corp
Asarco
Wat
Va Atlas Corp
Arizona
AMP Inc
Beckmn
Beecha
Madda Trading Company, Inc
Scottsdale
Chicago Mercantile Exchange
American Exchange
Ve Exchange
Ales Kaisrind
Aegis Corp
LatyRad
Asamera
LaMaur
BanstrCdl Lt
Lee Entr
Va Loew
Barnes Eng
BradRa
Marshal Ind
Brewerc
Medenco
Certron Cp
Idria
Ozark Air
Aly Ryan H
Fiy Dia
Frontier Air Gearhart
Syntex
Tesoro
Goldfield Cp
Vikoa Inc
Hormelg
Westats Pt
Houston
WyleLab
Xonics Inc
Bennington
Vermont
John Stark
Burgoyne
Saratoga
És Ren Sere
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