FTC to require 60 days premerger notification for big deals
The Federal Trade Commission announced a new rule requiring sizable mergers to notify the agency 60 days before completion. The plan aims to curb rapid consolidation, with projected merger activity totaling $18 billion this year if trends continue. Major mergers meeting asset thresholds face report filings and potential legal challenges to FTC authority.
MENTIONED IN THIS ARTICLE
York Times
Washington
Federal Trade Commission
Commission
Whder
35 Sites Shelled By Red Gunners
Saigon reports 45 military bases and towns hit by rockets and mortars on Saturday night and Sunday, marking a third consecutive night of intensified shelling. Military spokesmen cite generally light damage and casualties, with light ground fighting and no significant ground attacks by anti communist forces overnight.
MENTIONED IN THIS ARTICLE
Saigon
UPS
Vietnam
U.S
South
Vienna
Pentagon lottery plan aims draft by year long standby authority
A major new effort in Washington seeks a lottery based draft system that would subject every qualified young man to induction for one year. Defense Secretary Laird backs the change as Nixon prepares to request standby congressional authority to switch to a lottery. Proponents say the plan offers a fairer, more orderly process.
MENTIONED IN THIS ARTICLE
Max Frankel
New York Times Service
Washington
Defense Department
White House
Defense
Laird
Nixon
Congress
Civic Center Top Priority: Chamber Unit
A city growth panel has given first priority to a civic center over a safety building and a new library. Of 78 responses, 71 percent favored a bond election for the center first, with 83 percent supporting the project overall and 60 percent backing a combined arena theater structure. The preferred site is First avenue NE between Third and Fifth streets. Prompted by shifts in draft calls, a broader lottery proposal is examined as a method for fair draft selection, with discussion of potential federal changes under Nixon.
MENTIONED IN THIS ARTICLE
Dale Kueter
Chamber of Commerce City Growth and Development Committee
Questinmmaires
First Avenue NE
Third
Fifth Streets
Cedar River
Fifth Avenue SE
Civic Center Gare
Estherville Flood Threat Prompts West Fork Warning
Flood water rose gradually at Estherville on the West fork of the Des Moines River Saturday with an expected crest near 18.5 feet by nightfall, while other Iowa towns monitor rising Mississippi flood risks and plan dike protections. The Des Moines River peaked near 7.3 feet above flood stage at Jackson, Minnesota, with forecasts of up to 22 feet at Estherville and further crests along Emmetsburg Humboldt and Fort Dodge as rivers recede elsewhere.
MENTIONED IN THIS ARTICLE
Associated Press
Estherville
Des Moines
Bigi Sioux
Sioux City
Missouri
Jackson
Minn
Mississippi River
Iowa City
Humboldt
Fort Dodge
Thankful
Weather Bureau
Little Sioux
Cherokee
Iowa, Cedar
Skunk
Guttenberg
Keokuk
Durbugue
Davenport
Muscatine
Burlington
Kea
Kuk
Flooded Town Rejects Engineers Dike Offer
North Sioux City officials rejected a U S Army Corps of Engineers plan to build a dike to shield the flood prone residential area. Many residents evacuated as floodwaters surged past the town, while Sioux City’s Riverside area remained protected by existing barriers.
MENTIONED IN THIS ARTICLE
Sioux City
Estherville
Amilies
Tomes
Alvin Streeter
Streeter
Corps of Engineers
Sioux River
Charles Thomas
Corp Atengineers
Corps
Sleecter
SiouxCity
Worps
Congress Opens Spring Session Under Nixon Agenda
Congress returns to the Capitol after a 10 day recess as President Nixon plans to submit his domestic program next week. Independent activity may begin in the Democratic controlled Senate and House, while revived appropriations bills underpin the $192 billion budget and a wave of special messages is expected.
MENTIONED IN THIS ARTICLE
Warren Weaver, Jr
New York Times
Washington
Congress
Capitol
Nixon
Senate
House
New White House Plan Focuses On Law Order And Tax Reform
White House aides expect Congress to address crime prevention narcotics bail reform poverty and urban development in coming weeks while avoiding grand urban packages. A second push on the 10 percent tax surcharge and possible department level spending ceilings are under discussion as treasury officials prepare tax reform details for testimony. Congress returns with heightened activity on popular issues backed by Democratic leaders.
MENTIONED IN THIS ARTICLE
White House
Johnson
Congress
Johnsont
Treasury
House
Ways and Means Committee
Nixon proposes $4 billion budget cut to yield large surplus
President Nixon announced a $4 billion reduction in the revised Johnson administration budget, projecting a fiscal 1970 surplus of $5.8 billion based on Johnson revenue estimates. He cited defense cuts of $11 billion and domestic-program reductions, aiming to curb deficits and signal economic stability to business and labor. The plan lowers total appropriations to $204.6 billion and targets bringing future budgets under control while noting possible social program impacts.
MENTIONED IN THIS ARTICLE
New
Yore Times Service
Washington
Nixon
Johncrease — Crime Control, Son
Robert Mayo
Congress
Mayo
Johnson
U.S. Moves to Recognize Cambodia’s Territorial Integrity
The United States plans to recognize Cambodia’s borders and resume diplomatic relations, ending a rupture dating to 1965 after Cambodian leader Prince Norodom Sihanouk expelled U.S. officials over Vietnamese incursions. State Department spokesman Carl Bartch said a message from President Nixon to Sihanouk will affirm Cambodia’s sovereignty and neutrality within its frontiers, with further talks needed on full relations.
MENTIONED IN THIS ARTICLE
Ow York Times
Washington
U. S
Cambodia
Norodom Sihanouk
Camibodian
South Vietnam
Philip Sprouse
Carl Barthh
State Department
Tuam Penh
Sihanouk
Nixon
U.N
U. N
Kingdom of Cambodia
Barteh
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Cedar Rapids
FIC
The
Securities and Exchange Commission
FTC
SEC
Red Gunners
Pentagon
Civic Center
Chamber
First Avenue
House Armed Services Committee
Rep
L. Mendel Rivers
South Carolina
Edward Hebert
Louisiana
Lewis Hershey
Selective Service System
Eyright Eee
Dolla
Emmetsburg
Law and Order
United States
Liv
Tiwa
Frank Nya
Sena Dave
Marion Food Farm
New York Stacks
Town Now
UN Sports Outdoor Lowe
Porme Mowatine Carmlew
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