U.S. Keeps $250 Million Lockheed Loan Despite Scandal
The Emergency Loan Guarantee Board upheld the $250 million government loan guarantee to Lockheed Aircraft, citing default risks for future improper payments. Lockheed must halt slush funds, though the board noted $35 million repaid this year and $160 million remaining in guarantees.
MENTIONED IN THIS ARTICLE
Washington
Lockheed Aircraft Corp
Emergency Loan Guarantee Board
Lockheed
Michael J. Harrington
D-Mass
Japan
Kakuei Tanaka
Prince Bernhard
Netherlands
Harrington
Aircraft Company
Lockheed Board Approves Refinancing Plan Details
The Lockheed board agreed on final details of a refinancing plan, approved last year but not enacted due to improper disclosures. It includes converting 50 million of nonguaranteed bank loans into preferred stock and replacing 350 million with a term loan extending into 1981, drawing criticism as shirking duties as guarantor.
MENTIONED IN THIS ARTICLE
Lockheed
Harrington
Milk may cut stomach cancer risk for Japanese study
Tokyo researcher Takeshi Hirayama reports that two glasses of milk daily correlate with lower stomach cancer risk among Japanese. He notes Japan’s death rate fell since 1955 as milk consumption rose 1949 to 1973, with 265000 adults studied showing notably reduced risk in milk drinkers.
MENTIONED IN THIS ARTICLE
Cold Spring Harbor
N.Y
Tokyo
Japan
Takeshi
Iirayama
National Cancer Center Research Institute
Cold Spring Harbor Laboratory
Hirayama
Janest
People's Pay-by-Phone advertises convenient bill payment service
The ad explains calling Pay-by-Phone with a Personal Security Code to pay many major bills without writing checks. It compares the service to a checking account, notes no per-check cost or service charge, and highlights hours, interest on savings, and monthly statements. It invites customers to visit a branch for details.
MENTIONED IN THIS ARTICLE
People’s Plus
People’s
Ina
Two Miami men charged in double murder tied to traffic crash
Police say a minor car accident indoors led to two killings to keep suspects from revealing what happened. John H. King Sr. and Herman Anderson face first degree murder charges in the deaths of James R. Wilson and Marion Williams.
MENTIONED IN THIS ARTICLE
Miami
John H. King Sr
Herman Anderson
Homestead
King
Spt
George Lucas
Dade County
James R. Wilson
Perrine
Marion Williams
Florida
Fife
Linda Blue
Lucas
Anderson
Presbyterian Church Says Exorcism Not Typicallyministerial
The General Assembly of the Presbyterian Church in the United States states exorcism is not usually a ministerial duty yet allows ministers to perform it if done without spectacle, stressing a discreet approach in Tuscaloosa.
MENTIONED IN THIS ARTICLE
Tuscaloosa, Ala
UPI
General Assembly of the Presbyterian Church In
United States
Also Mentioned on This Page
U.S
Armstrong
B. K. Armstrong
Nauru
University of Western Australiern Pacific
Rofles
Holy Cross Church
Fairfield
Phyllis Budde
Phyliss Budde
Olsten
State Street
Trenton Road
Hills
Panterprises, Inc
Wall ST
Norwalk
Martin Wolf
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