Northrop cites four possible bribe cases abroad
Northrop officials disclosed a six month probe finding four cases where employees may have paid foreign officials. One payment of 4400 to Iran tax assessor and 450000 to a Saudi agent tied to two Saudi generals. A fourth possible 15000 payment to a local politician remains unconfirmed.
MENTIONED IN THIS ARTICLE
Washington
UPI
Northrop Corp
State Department
Congress
Northrop
Iran
Saudi Arabia
Gulf Oil
Bob Dorsey
United Brands
Honduras
The
Securities and Exchange Commission and Committees
Railroads Win 5 Percent Freight Rate Hike Across the Board
The Interstate Commerce Commission approved a 5 percent rail freight rate increase, starting no earlier than June 20, to partially offset a 10 percent wage rise from January and a 20 percent health and welfare benefits hike this month. The measure, needed due to recession and high inflation, affects all freight shipments and follows prior contested increases. The ICC noted railroads face a deteriorated financial position with operating losses in the first quarter, and a separate 2.5 percent rise request for October 1 remains under consideration.
MENTIONED IN THIS ARTICLE
Washington
UPI
Interstate Commerce Commission
Housing bill faces Ford veto despite House passage
The House approved a $1.35 billion housing measure aimed at aiding builders buyers and owners with subsidized loans and cash assistance. Despite claims of economic stimulus backers concede a presidential veto is likely and debate centers on how much relief to offer amid foreclosures and job fears.
MENTIONED IN THIS ARTICLE
Washington
House
Ford
Thomas Ashley
Ohio
Thomas Rees
Calif
William Moorhead
D-Pa
Congress
Senate
White House
New Hampshire House Debates New England Power Pool
In Concord New Hampshire lawmakers held a prolonged debate over a bill to authorize a New England Power Pool removing antitrust constraints to finance new plants. Public Service Co of New Hampshire urged backing for a Seabrook nuclear plant while opponents warned of higher rates and loss of municipal power options. The measure heads to a conference committee as Senate and House seek agreement. Also notes the forecast of fair weather across New England with highs in the 70s and lows in the 50s.
MENTIONED IN THIS ARTICLE
Concord
N.H
UPI
New Hampshire
House
New England
Donald Linville
Public Service Co
PSC
Seabrook
Senate
Gene Daniell
D-Franklin
Maine
Vermont
Connecticut
Massachusetts
the Public Service Co
General Electric
Daniell
Boston
National Weather Service
Perez orders hiring to boost Venezuelan employment
President Carlos Andres Perez issued a decree requiring businesses with more than 10 workers to add at least five percent to their staff. He said the plan aims to lift employment by 100,000 across the economy, signaling a push to reduce unemployment.
MENTIONED IN THIS ARTICLE
Caracas
UPI
Carlos Andres Perez
Money supply rise seen to spur business
United Press International reports the Federal Reserve accelerated the money supply over four weeks to combat recession. The rate on prime borrowing sits near 7 percent, with Citi potentially setting a new low if cutting to 6 percent. Consumer and business borrowing remain weak as 1975 capital spending plans are trimmed.
MENTIONED IN THIS ARTICLE
Federal Reserve Board
Rapidy
New York Today
Citibank
Fed
New York
Commerce Department
Jury probes Gov Mandel in federal corruption case
A Washington Post report says the federal grand jury investigating Maryland political corruption now focuses on Governor Marvin Mandel. Investigators reportedly gathered evidence of favors tied to Mandel as two Mandel associates Hess and Rodgers profited from state actions, including a 1971 Marlboro Race Track investment. Mandel denies knowledge of his friends' financial interests.
MENTIONED IN THIS ARTICLE
Washington
UPI
Federal Grand Jury
Maryland
Spiro T. Agnew
Marvin Mandel
Washington Post
the Post
W. Dale Hess
Harry W. Rodgers III
Mandel
Hess
Rodgers
Frank A. DeFilippo
Hess and Rodgers
Marlboro
Montrealers Trade Tartare for Pancakes After Putrid Meat Scare
Montrealers shun beef and veal, switching to salads eggs and fish following a Quebec Police Commission inquiry that found a ring sold putrid meat to several firms. Meat Packers Council says 90 percent of Quebec meat is safe. Vendors report declines in steakhouse sales and takeout hotdogs and burgers. No deaths traced to the contamination.
MENTIONED IN THIS ARTICLE
Montreal
UPI
Quebec Police Commission
Meat Packers Council of Canada
Compa
Nies
Canada
Quebec
Roland Soucy
Eastern Canada Field Services
Caroline Kennedy graduates from Concord Academy in Massachusetts
Caroline Kennedy, 17, graduates from Concord Academy as family members including Jacqueline Kennedy Onassis and Senator Edward Kennedy look on. She plans to attend Radcliffe in the fall and will spend part of the summer in Greece with her mother.
MENTIONED IN THIS ARTICLE
Concord
Mass
UPI
Caroline Kennedy
John F. Kennedy
Caroline
Concord Academy
Kennedy
Radcliffe
Jacqueline
Jackie
Sen
Edward M. Kennedy
D-Mass
John
Robert
Rose Kennedy
Guardsman testifies on Kent State shooting life threat claim
Ohio Guardsman Lawrence Shafer testified he believed his life was endangered on May 4, 1970, near Kent State University. He fired once at a student after seeing a man with a raised hand, then fired into the air three more times amid ongoing gunfire. He described marching with Guardsmen through tear gas to disperse demonstrators and sustaining a severe arm injury from a thrown brick. The testimony comes as Shafer is among 44 Guardsmen and state officials being sued in the $48 million Kent State civil suits.
MENTIONED IN THIS ARTICLE
Cleveland
UPI
Lawrence Shafer
Ohio National
Shafer
Kent State
Also Mentioned on This Page
U.S
Stephen Solarz
D-N.y
Solarz
Mark B. Feldman
House International Economic Policy Subcommittee
Brooklyn Hospital
New York City
ICC
N.H. House
Laurier Lamontagne
D-Berlin
Andrew Poulsen
R Littleton
Stephen Smith
Raymouth
Sealy
Ea. Pc
Elm ST
Bennington, VT
Bennington Banner
Main St
Bennington
Banner Publishing Corp
United Press International
New York Times News Service
Matthews, Shannon & Cullen Inc
Madkour’s Market
Perez
Gov. Mandel
Guardsman
Kent
Paia
Joseph Kelner
Ivermont
FDIC
Monument Plaza Shopping Center
North St
Sears
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