Tradition gives way to technology at NYSE floor
The New York Stock Exchange is testing hand held terminals touch screens and voice commands in a pilot lab to speed up trading and reduce errors. Researchers hope to move toward a paperless trading floor with smart cards and connected terminals while maintaining records of each transaction.
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Open markets slip as jobless rate hits six year high
Stocks opened lower after government data showed October unemployment at 8 percent, the highest in nearly six years. The Dow fell to 855.97 as more issues declined than advanced, with Polaroid down about 6 percent on planned job cuts and AT&T slipping to 58 percent after a related corporate move.
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Bank Cuts Prime Rate. Reagan Proposes Cuts in Loan Guarantees
The Chemical Bank of New York lowered its prime rate to 17 percent, with other banks possibly following. The White House proposed 20.3 billion in cuts to federal loan guarantee programs, mainly in housing and small business, while critics warn of higher borrowing costs.
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Women in ads face image problems in campaigns
NYU advertising executive Ann Tolstoi Wallach discusses the challenge of portraying real women in commercials and print. She notes varied 18 to 49 year old readers and consumers reject both old fashioned housewife and superwoman images, urging nuanced, targeted portrayals across media.
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Kidron Auction Sees Strong Hog Prices on Wet Market Day
Heavy consignments due to rain kept fields wet while h components of the market showed strength in hogs with prices over 45 dollars. Calves and dairy cattle remained robust with holstein springers and cows topping 1500, feeders steady. hay and straw demand remained excellent as 2,134 head were sold by 498 consigners.
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