Carter adviser urges confidence to boost capital investment
AP report notes President-elect Carter could aid investment as business leaders say confidence fuels spending. U.S. Steel's Larry plans capital decisions ahead of his NAM chair role amid rising costs. Tooling up for new production may cost hundreds of millions and take years with uncertain environment.
MENTIONED IN THIS ARTICLE
Terry Kipkpatrich
NEW York (Ap
Jimmy Carter
R.’ Heath Aatry
Ls, Steel Corp
Tew
Conference Board
Larry
U.S. Steel
National Association of Manufacturers
Investment mood and energy policy spark capital outlook
In remarks by Larry, the piece weighs environmental costs, fuel choices for a new plant, and the risk of regulatory opposition. It notes lower borrowing costs may aid investment, but inflation fears persist. Fairchild Industries declares a 13 cent dividend payable Dec 28, 1976 to holders of record Dec 13.
MENTIONED IN THIS ARTICLE
Larry
Germantown
Maryland
Fairchild Industries, Inc
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