IRS rescinds ITT tax ruling enabling Hartford merger
The IRS revoked a 1969 tax ruling that allowed ITT to acquire Hartford Insurance in a .5 billion merger, a move tied to a tax free gain for shareholders. The reversal, linked to Watergate fallout and a similar court ruling, could expose ITT stockholders to deferred capital gains taxes and jeopardize the merger structure.
MENTIONED IN THIS ARTICLE
IRS
ITT
New York Stock Exchange
Avis Rent-A-Car
U.S
Ralph Nader
Justice Department
Hartford
Itt-Hartford
U S and France edge toward clash over Europe alliance
UPI reports senior American officials warn of a potential confrontation with France that could fracture European unity and the Atlantic alliance. The debate centers on France shaping Europe against the United States while France expects 250,000 American troops to stay as a shield, risking a split among Western European states if pressed. Meanwhile Ethiopian workers mount a general strike in Addis Ababa demanding 200 percent raises and labor reforms, with university students marching in support before riot police intervene.
MENTIONED IN THIS ARTICLE
Wilbur G. Landrey
UPI
New York
United States
France
Atlantic Alliance
Europe
Washington
Paris
Henry A. Kissinger
Brussels
European Economic Community
Kissinger
State Department
North Atlantic Treaty Organization
NATO
Michel Jobert
Jobert
Middle East
Addis Ababa
API
Haile Selassie University
Jailed SLA members propose televised plan to free Hearst
Two SLA suspects Joseph Remiro and Russell Little urge a live press conference to outline a proposal they say could secure Patricia Hearst's release. In a Feb. 27 letter broadcast by KPFA they accuse AG Saxbe and FBI Director Kelley of wanting Hearst to die and warn they will publicize their ideas despite any actions against them.
MENTIONED IN THIS ARTICLE
SLA
Patricia Hearst
San Francisco
UPI
Symbionese Liberation Army
Joseph Remiro
Russell Little
Berkeley
Kpfafm
U.S
William Saxbe
FBI
Clarence Kelley
Miss Hearst
San Francisco Examiner
Randolph A. Hearst
Hearst
Remiro
Little
Concord
Marcus A. Foster
Oakland
Streaking seen as defiant university craze with little sexuality
Sociologists say nude campus runs are acts of defiance against social norms rather than sexual acts and may fade once novelty wears off. Experts from Tulane, Washington, Chicago and Memphis State weigh in on motives, with reports of large campus streaking events at North Carolina, Hood College, Holy Cross, Georgia Southern and other colleges.
MENTIONED IN THIS ARTICLE
United Press International
Frederick Koenig
Tulane University
Koenig
Caroline E. Preston
University of Washington
Arthur Yehle
Memphis State University
Glassboro State College
New Jersey
The
Daily Tar Heel
University of North Carolina
Chapel Hill
Memphis State University Center
Holy Cross
Worchester
Mass
Hood College
Frederick
Georgia Southern College
Jacksonville
Ala
Kerry Thompson
Wage pact ends strike of British coal miners
In London the National Coal Board and miners union approved a 230 million dollar wage package ending a 3 percent weekly coal strike. Mineworkers president Joe Gormley said the deal, favored by 25 to 2 in the union, will be put to a national vote with expected approval and a return to full shifts by Monday. The agreement lifts pay by about 30 percent on average, topping 100 dollars weekly for high paid night pit workers, while surface workers gain around 15 dollars.
MENTIONED IN THIS ARTICLE
London
UPI
Britain
National Coal Board
Edward Heath
Harold Wilson
Joe Gormley
Gormley
Coal Board
Derek Exra
Wilson
Heath
Liberal Party
At the Movies Cinemas Show Over The Sting And More
At the Movies Cinema I holds over The Sting an Oscar nominated favorite with Best Film and Best Actor nods for Robert Redford and a soundtrack with Joplin rags. Cinema II runs The Long Goodbye and Jeremy with ratings R and PG respectively. Harte extends Magnum Force and Dubrow's screens American Graffiti praised as family friendly and Oscar worthy. Call for starting times.
MENTIONED IN THIS ARTICLE
Paul
Robert Newman
Redford
Robert Redford
Scott Joplin
Jeremy
Harte
Dubrow
Cinema _ has
Also Mentioned on This Page
Justice
San Diego
Miami
White House
Richard G. Kleindienst
Nixon
Kleindienst
Senate
John N. Mitchell
Republican Party
Lawrence Z. Freedman
University of Chicago
Adams Clothes Shop Shoes
Robert Shaw
David S Ward
George Roy Hill
Tony Bill
Michael Jullia Phillips
Techicolor
SUN
Elliott Gould
Elliott Kastner
Robert Altman
United Artists
Bobby Benson
Glynnis O’connor In
Pacino
Serpico
Walt Disney
Twin Cinemas
Clint Eastwood
Manchester
Cinemas
Deller
the New Harte Theatre
Main ST
Union and
Main
Bennington
Loset
the Elks Lodge
Elks National Foundation
Fabulous Diamonds
Saint Patrick’s
Evans News Inc
Bennington, Vt
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