Chrysler Profits Plunge 87 Percent in Third Quarter
Chrysler Corp reports an 87 percent drop in third quarter profits to 3.8 million dollars, or seven cents a share, from 29.7 million dollars, 63 cents a share, blamed on higher material and labor costs and rising interest rates. First nine months profits totaled 93.2 million, down 47 percent from 178.5 million a year ago. The firm announces cutbacks in capital programs and layoffs for about some of its 40,000 white-collar staff as U.S. passenger car market share slips to 17 percent with 1,070,053 retail cars sold.
MENTIONED IN THIS ARTICLE
Detroit
Chrysler Corp
Lynn Townsend
Virgil E. Boyd
Chrysler
Townsend and
Boyd
U.S
AMC to Acquire Kaiser Jeep for 80 Million
American Motors announces it agreed to buy Kaiser Jeep Corp for 80 million dollars. Payment includes 10 million cash, 10 million in five year notes, and 9.3 million AMC shares valued near 11 dollars each. A Kaiser Jeep audit may adjust one million notes. Deal awaits board approval.
MENTIONED IN THIS ARTICLE
Detroit
APY
American Motors
Kaiser Jeep Corp
AMC
Kaiser Industries Corp
American Motors Capital
Kaiser Jeep
U S Lawyers Receive Break From Diaries
Government lawyers gain a temporary halt from recording every 12 minutes how they spend their work days. The 12 month test begins January 1 to weigh case work and non case loads, aiming to show overwork and justify more staff. Critics call it nit picking.
MENTIONED IN THIS ARTICLE
Washington
Richard G. Kleindienst
Justice Department
Leo M. Pellezzi
Kleindienst
Capital Hill
Sam J. Ervin Jr
D-N.c
Sullivan Attack On Lottery Sparks NH Controversy
Concord New Hampshire AP The New Hampshire Sweepstakes Commission chairman demanded an apology from Massachusetts Education Commissioner Neil Sullivan after he compared the lottery to prostitution Edward Sanel released his public letter Monday calling the remark an odious illogical insult to NH voters who backed the sweepstakes 6 to 1 Sullivan had criticized NH tax methods noting education funding relies on specialized revenue devices including the sweepstakes and quipped about legalizing prostitution to prompt a tax reform debate
MENTIONED IN THIS ARTICLE
Concord
N.H
New Hampshire
Ife
Calif Court Bars Firing Red Teacher
A Superior Court judge ruled Angela Davis cannot be barred from teaching in a state university solely for being a Communist party member. The University of California Regents fired her, a 23 year old Negro philosophy assistant, after she admitted Communism. The ruling said ousting for communist ties would invite hires for other organizations.
MENTIONED IN THIS ARTICLE
Los Angeles
Angela Davis
University of California Regents
Miss Davis
University of California At Los Angeles
Miss du
Jerry Pacht
Resents
Congress Told Unsafe Work Conditions Costing More Lives Than Vietnam War
Congressional testimony warned 19th century style hazards persist across U S industries. Bills seek a comprehensive health and safety program as estimates show 44 000 workers die yearly from job injuries and two million are disabled. Union and industry gaps leave safety rules patchy while federal coverage remains limited.
MENTIONED IN THIS ARTICLE
Congress
Washington
U.S
Vietnam
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James Holland
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Calif
England
Abi
Holden
STONE
Follwell Greenhouses
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Jes
Maria Theresa
China
Austria
Holland
Erik Nielsen
Melody
CSB
Massachusetts
North Street
Fenn Street
Pittsfield Plaza
Housatonic Street
the Money Tree Office
City Savings Bank
Dalton Avenue
Devonshire Avenue
Zayre
Mobile Banker
Lanesborough
West Stockbridge
Hinsdale
Richmond
Williams Street
Adams Supermarket
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