Howard Hughes Ends Bid For 43 Percent Of ABC
Howard Hughes dropped his effort to buy 43 percent of American Broadcasting Co after missing the two million share target by about 400000 shares. The report notes the setback Tuesday as the bid collapsed.
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Newspaper
Amarillo Daily News
Location
Amarillo, Texas, United States of America
Date
Jun 17, 1968
Page
1
Howard Hughes dropped his effort to buy 43 percent of American Broadcasting Co after missing the two million share target by about 400000 shares. The report notes the setback Tuesday as the bid collapsed.
A chopped editorial notes Johnson commission favoring a government owned postal corporation with rate setting by the entity but political veto by Congress. It suggests auctioning the post office to private interests as an alternative while joking about five day delivery and public policy shock. It also threads in fitness trends, a Pueblo kidnaping quip, and miscellany on cattle grants and local name counts.
Ricky Lance Thayer 20 of Kansas City Missouri was ordered held without bond after a preliminary hearing in Tucumcari on the July 3 murder of Vera Yocom 36. Witnesses testified including two companions Robert Land 22 and Carla Kroge 18. Thayer said he would obtain counsel later in the week. Land faces related charges.
Hale County deputy E L Hatfield was kidnapped and stabbed near Dermott while transporting inmate Hearne Edwards Smith. Smith, a 33 year old with prior escapes, was captured Tuesday night near U S 84 northwest of Snyder ending a large manhunt. The wounded deputy remained in fair condition in Snyder hospital.
The Illinois Bell Telephone Co. rejects binding arbitration in a 70 day strike that threatens to move the Democratic National Convention from Chicago. Mayor Daley pledges city workers to install convention facilities while IBEW members threaten picket lines if private contractors are used. John Bailey warns the convention could shift if the dispute isn’t settled by July 28.
Washington AP report says the postal commission named by the President urged turning over the postal service to a federal corporation with rate setting by executives, elimination of political patronage, and collective bargaining for pay. Johnson did not endorse the findings but called for study. Postmaster General Watson to lead a department study.
Seven men were injured, four critically, when an explosion at the Cities Service Gas Company's booster plant southeast of Pampa at about 1 10 p m Tuesday sparked a blaze controlled within 15 minutes after three Pampa fire units arrived. Witnesses saw smoke and fire for miles and the blast was heard citywide. The seriously hurt include Leo Casey 43 of 1200 Charles street Travis Patterson 49 and C L Reeves 59.
Four men were severely injured in a plant blast near Pampa Texas. Marion Stewart 64 an oiler was found outside the gates badly burned crying for help. Others injured include Sam Goodan 61 Everley Campbell 60 and L C Wassell 51. Northwest Texas Hospital Amarillo and Worley Hospital reported extreme to fair conditions for several patients. Deputy Wallace and fireman Gee arrived first and aided Stewart.
US and South Vietnamese forces report heavy fighting in four Mekong Delta zones near Saigon. About 200 Communist troops killed with reports of greater losses possible. strongest clash centered around Nut Co To, near Superstition Mountain, and a river ambush near Van Co Dong River. Eight Americans dead, 24 wounded amid a 20 hour engagement.
Pittsburgh AP The United Steelworkers union set a July 23 vote on striking as wage talks stall with no money offers yet. I W Abel, union president, urged hard bargaining while avoiding a definite strike verdict and noting rank and file approval could shape any settlement. The Basic Steel Industry Conference backed the vote unanimously amid ongoing negotiations.
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