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Certainly, the clash will do nothing to strengthen Carter's already tenuous links with business, which remains uncertain about the thrust and competence of his Administration and about the health of the economy. That uncertainty was mirrored on the New York Stock Exchange, where the Dow Jones industrial average dipped to a two-year low the very day of the President's press conference. The foreign exchange value of the U.S. dollar also fell to a near-record...
...Journal that 85% of the drop was due to the W.S.J. article about Conway's remarks. Low acknowledged that Savin was having a dispute with Ricoh about royalties on the copiers, but added that Ricoh was continuing to deliver machines under a contract that runs until 1989. The Dow Jones ticker, operated by the company that publishes the W.S.J., ran an item, but initially omitted the point about the contract, since both Low and the reporter agreed that it was old news. Later the ticker did add information about the contract-but by then there had been additional heavy...
Nowhere is uncertainty more pernicious than in the stock market. The Dow Jones industrial average, down more than 16% so far this year, closed last week at 839.14, down 17.67, its lowest level since December 1975. Some members of the Board of Economists are fearful that the drop will have an unsettling psychological effect on the whole economy. One reason is that the market is regarded as a highly visible-but far from infallible-indicator of future business trends. Studies have shown that over a 100-year period, of 43 expansions and recessions, stock prices anticipated 75% of the business...
...touches another key, and the computer spits the names of those 113 paying customers. Among them are the departments of State, Treasury, Commerce and Justice and two dozen other federal agencies. Then there are Morgan Guaranty, Bank of America, Citibank and a score more banks, and American Can, Dow Chemical, Exxon, Shell, among many other industrial giants...
...Getty $20,219,9033 Atlantic Richfield $17,570,839 Standard Oil of California $17,074,654 St. Regis Paper $15,353,397 General Electric $15,187,405 Sears, Roebuck $14,924,096 Beneficial $13,822,884 Caterpillar Tractor $13,741,103 Province of Ontario $12,335,910 Dow Chemical $12,227,949 Aluminum Co. of America $11,865,565 Union Carbide $11,068,724 U.S. Steel $10,915,154 Kimberly-Clark $10,676,454 International Nickel of Canada $10,502,593 Procter & Gamble $10,376,375 Continental Group $9,939,553 Smith, Kline $8,946,86 Phillips Petroleum...