Howard Hughes Indicted In Federal Conspiracy Case
A federal grand jury indicted Howard Hughes and four former associates on conspiracy and stock manipulation charges linked to the 1968 Hughes Airwest acquisition. Hughes, 68, has not appeared publicly in two decades and recently moved from London to Freeport in the Bahamas. The case centers on Hughes Tool Co. purchasing Airwest for 130 million dollars, including 40 million in liabilities, and questions about stockholder payouts below the 22 dollar per share offer.
MENTIONED IN THIS ARTICLE
Las Vegas
Nev
UPI
Howard Hughes
Hermitage
Hughes
Hughes Airwest
London
Freeport
Bahamas
Robert Vesco
United States
Hughes Tool Co
Airwest
Perrotta switches vote to Willow Park fund request
Selectman Max Perrotta changed his vote at a special meeting this morning and sent in an application for 195000 in state and federal recreation funds toward Montpelier before the December 31 deadline. The 4-2 approval was contingent on town meeting in March for any local match, reversing two prior board losses. The meeting followed pressure on Perrotta after a Wednesday night 3-3 tie prevented forwarding the grant.
MENTIONED IN THIS ARTICLE
Max Perrotta
Selectmen’s
Montpelier
Perrotta
Bennington Selectmen Seek More Gas Allocation From Governor
Bennington selectmen urged Gov. Salmon to increase gasoline allotments as petrol shortages hit the town. At a morning meeting, Max Perrotta called Bennington direly short on fuel with stations closing and remaining supplies insufficient. The board unanimously authorized a letter to the governor requesting a larger gas allotment and noted the town’s crisis.
MENTIONED IN THIS ARTICLE
Bennington
Thomas P. Salmon
Perrotta
Simon outlines conditional 10 gallon gasoline rationing plan
Washington reports energy chief William E. Simon detailing standby rationing where a 10 gallon weekly target is central but not sole determinant. Crude oil flow from Arab embargo, winter heating needs, and refinery inventories affect activation. drivers may receive monthly coupons and authorization cards to average 32 to 35 gallons per month, with adjustments for local conditions and transit options.
MENTIONED IN THIS ARTICLE
Washington
UPI
Federal Energy
William E. Simon
United States
Simon
Nixon scales down Operation Candor on Watergate tapes
Nixon will not publicly release Watergate tape transcripts or summaries. White House will resist Senate committee access and offer tapes only to the House Judiciary Committee. Post sources say aides believe public would see conspiracy ties, despite uncertain legal proof.
MENTIONED IN THIS ARTICLE
Washington
UPI
Nixon
Washington Post
White House
Senate Watergate Committee
House Judiciary Committee
Post
Carl Bernstein
Bob Woodward
Senate
Hugh Scott
R-Pa
Sen
John Tower
Rtex
Congress
the Post
ITT
Milk Fund
Watergate
Watergate Committee
Fuel shortages will be tighter in early 1974
Washington (UPI) fuel supplies including gasoline and heating oil are forecast to tighten in January and February 1974, with Herbert Stein, chair of the Council of Economic Advisers, predicting higher inflation as prices rise. He noted potential U.S. gains as oil producers increase holdings and investments, while inflation should ease in the second half of the year.
MENTIONED IN THIS ARTICLE
Washington
UPI
Nixon
Herbert Stein
Stein
Council of Economic Advisers
United States
America
Independent gas dealer Lyons cut off by supplier in Bennington
Gordon Lyons owner of Davey Oil Co on Northside Drive reports his gasoline supply halted after Tenneco Oil Co notified him on December 14 that it cannot renew its import license for Canadian crude. The shortage leaves Lyons and his customers struggling while federal intervention or court action loom as possible relief.
MENTIONED IN THIS ARTICLE
Elizabeth Dwyer
Bennington
Gordon Lyons
Davey Oil Co
Northside Drive
Lyons
Tenneco Oil Co
Canada
Tenneco
Mobil
East
Emergency fuel diverted to New England utilities
Federal energy chief William E. Simon ordered emergency fuel diverted to power companies in the six New England states with critical stocks. The move uses high stock regions to cover demand until the national allocation program starts next month. New Hampshire dealers vote to limit sales to $1 per car that week amid price controls and shortages. Massachusetts stations threaten shutdown over IRS price investigations. Rhode Island governor urges immediate rationing if supply figures hold. Chicago refinery Tenneco cut supply, causing regional closures and dealer concerns. Senator Aiken may seek relief. long-standing Lyons note reflects 1937-era pumping history.
MENTIONED IN THIS ARTICLE
United Press International
New England
Federal Energy
William E. Simon
Simon
New Hampshire
Doucette
Massachusetts
Internal Revenue Service
IRS
Investi
Chicago
Ill
Tenneco
Lyons
George D. Aiken
Aiken
Vermont Yankee fined 15000 for AEC violations at Vernon plant
The Atomic Energy Commission proposed a 15000 civil penalty against Vermont Yankee Nuclear Power Corp for four violations of procedures and technical specs at the Vernon Vermont reactor. The fines, ranging 2000 to 5000, follow a November accidental chain reaction during control rod tests.
MENTIONED IN THIS ARTICLE
Washington
UPI
Atomic Energy Commission
Vermont Yankee Nuclear Power Corp
AEC
Vernon, Vt
Vermont Yankee
U.S
Yankee
Cau
Vermont
Inside Questions on Gas Rationing And Holidays
A compact feature notes reader questions on gas rationing if enacted and whether holiday chores remain women’s work. Karen Fortney responds to a reader query while Pete Horton explores energy-saving gifts and their possible sign for the economy.
MENTIONED IN THIS ARTICLE
Karen Fortney
Pete Horton
UVM
MAU
Patriots
Hoosick Falls
Pownal
Salmon expects help soon in Vermont energy crunch
Gov. Thomas P. Salmon said federal energy chief William Simon promised near term relief from residual oil shortages in New England. A prior New England Power Pool report warned of a 34 percent electricity shortfall if nine million gallons of residual oil are unavailable.
MENTIONED IN THIS ARTICLE
Montpelier
UPI
Thomas P. Salmon
Vermont
New England
Federal
William Simon
Salmon
Simon
Also Mentioned on This Page
Arlington
Willow Park Fund
By Jan Slusmon
Selectmen
Selectman
Max
Timothy Corcoran
Paul Sheridan
State Bureau of Outdoor Recreation
Willow Park
N.E. Utilities
Harold Murphy
Bay State Gasoline Retailers Association
Murphy
Automobile Legal Association
Rhode Island
Philip Noel
American Automobile Association of Vermont
AAA
Burlington
Queen City
University of Vermont
Edward Andrews Jr
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