Opening stocks rise as Dow edges toward record high
The Dow Jones industrial average gains 5.18 to 1,273.98 in early trading as advances outpace declines about 4 to 3 on the NYSE. Telephony shares stay in focus after news of the breakup of Telephone & Telegraph, with AT&T variants trading amid restructuring.
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At&t
NYSE
Bell stock makes 'orderly' debut on Wall Street
On the first day of when issued trading six weeks before the Bell breakup takes effect, eight new Bell System companies dominated activity on the NYSE and regional markets. More than 14 million shares traded, about one eighth of total volume. AT&T led gains as the most traded new issue, closing higher after opening around 19.2 a share. other regional spinoffs quoted in the 55 to 70 dollar range. Analysts noted many small investors awaited initial evaluations of the baby Bells before committing.
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Wall Street
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New York Stock Exchange
At&t
ATS
Willontinue
Ameritech
Bell Atlantic
Bell South
NYNEX
Pacific Telesis
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US West
Economists warn 1985 trouble unless deficits cut
The National Association of Business Economists said 1984 should see growth and falling unemployment, but warned 1985 could slow if Congress does not reduce budget deficits. Retail executives anticipate a bright Christmas season amid strong economy and low inflation. Sears and Kmart expect solid sales gains.
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National Association of Business Economists
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Nicholas Filippello
Economists Group
Edward Brannan
Sears, Roebuck & Co
Chicago
Consumer groups urge FTC ban on alcohol ads targeting youth
Washington AP report says consumer groups including Action for Children’s Television and Public Citizen urge the FTC to ban alcohol advertising aimed at young people and problem drinkers. They claim the industry spends over $1 billion yearly to promote drinking and cite ads from Crown Royal Steel Schnapps and Michelob as evidence.
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Washington
America
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Alcoholic Beverage Industry
Michael Jacobson
Center For Science In the Public Interest
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Action For Children’s Television
Ralph Nader
Public Citizen
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Columbia Gas of Ohio Faces Audit Recommendations
Officials say they will follow a Public Utilities Commission audit urging Columbia Gas of Ohio to cut costs by purchasing cheaper natural gas from Ohio suppliers. The Touche Ross and Co study identified 15 areas where customers’ money could have been saved.
MENTIONED IN THIS ARTICLE
Columbus
Columbia Gas of
Ohio
Public Utilities Commission of
Columbia
Touche Ross and Co
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