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This newspaper page contains 7 articles. Subscribers can read the full text of each article.
Newspaper
The Chronicle Telegram
Location
Elyria, Ohio, United States of America
Date
Feb 08, 1980
Page
7
New York stocks rose in early trading with the Dow Jones industrial average up about 256 points to 885.49 as volume reached 57.69 million on the NYSE. The broader market held gains as the NYSE composite index rose to 606.69 and the AMEX market value index advanced to 284.25.
UPI reports the average cash grain prices per bushel paid to farmers by Ohio elevators in the principal marketing areas. Data covers the close of markets Thursday through the opening today, reflecting price levels for the latest trading session.
A two hour TV seminar on cable television franchising will air on Channel 25 and be shown at Elyria West High School. Panelists include David Jones Olmsted Falls Robert Barbu Westlake and John Bedford Strongsville. Viewers may call in questions after the 1 p.m. start. Satellite centers will be available at Strongsville High School and Channel 25 facilities for the public.
Chrysler Corp reported a 1979 loss of 1.097 billion dollars, the largest annual loss by a U.S. company, with per share loss of 17.18 dollars. The automaker faced 1980 first-quarter losses near the same pace, ongoing financing needs, and potential asset sales while awaiting $1.5 billion in federal loan guarantees.
Ford Motor Co announced plans to bring its new fuel efficient front wheel drive world car to the U S in 1981 with the Escort and Mercury Lynx. executives touted overseas engineering, design and sourcing and previewed facilities including the Dearborn Engine plant and Batavia transmission plant as part of the world car push. despite expected U S losses 1979 was to be Ford’s third best year financially with $20 billion planned capital spending 1978-85 to boost global competitiveness.
The Senate Banking Committee demands Treasury Secretary G William Miller answer to possible misstatements during his Textron tenure regarding overseas payoffs. SEC suit cites Textron bribes in Iran Ghana and other nations with Bell Helicopter divisions tied to helicopter sales.
The Senate ordered the FTC to drop its plan to regulate children s TV advertising and to limit small business reporting while ensuring minority participation in proceedings. President Carter opposed House veto provisions and urged preserving the agency s authority. The measure, approved 77 13, moves to conference with the House.
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