Rockwell makes bid on Collins in cash offer
Rockwell International Corp bids to buy 9,967,147 outstanding Collins shares at 25 a share in a tender offer that expires October 1. If 1,001,766 shares are tendered and purchased, a Rockwell Collins merger would be proposed. Collins shows a May quarter net income of 4,521,000 on sales of 251,112,000.
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Comer
Rockwell International Corp
Col- Tis Ratio Co
Willard TP. Hockwell, Jr
Hackwell
Collins
Rockwell
Dives
Tours of Gallins
Stockwell
Conlinund
Cambodian Push Loosens Siege of Phnom Penh
Cambodian command claims brilliants successes on all fronts and says highway to Neak Luong and the Mekong naval base are open. Government forces advance southwest of Phnom Penh amid light resistance and few casualties. Saigon reports heavy Central Highlands fighting with nearly 200 Vietnamese deaths this week.
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Phnom Peni
Neak Luong
Mekong River
Phnom Penh
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Central Highlands
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Nixon Signs Farm Bill Cites Lower Costs For All
President Nixon signed the four year farm bill ending inflated price supports and expanding food stamp reforms. It lowers farm subsidies ceilings to twenty thousand dollars per farmer while boosting minimum price supports for two years. The bill aims to curb inflation by shifting production decisions to farmers and expanding farm production to meet demand.
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Washington
Congress
Experiancius
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Texas
Silvio
Conia
R-Mass
Conte
New FHA Bill Becomes Law
Washington AP reports President Nixon signed legislation restoring FHA authority to insure mortgage loans on single and multifamily dwellings. The measure restores FHA power until Oct 1 as Congress finishes housing bill work. HUD Secretary Lynn had announced plans to raise interest ceilings from 7 to 7 1/4 percent on July 5.
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Deb Building Construction Start Clears Obstacle
Legislation signed by Priday removes the major obstacle delaying construction of the 25 story DEB building west of the Roosevelt hotel. Officials could not be reached for comment Friday on when construction may begin.
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Roosevelt, Hotel
Chuckle Line About Time Spent With Someone
A humorous note asks who spends an hour with a fellow who has little time to Mill usually. It hints at a playful riddle about common routines and social visits.
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Anmeone
Corll
Invasion Lighting & Power Co
Carl
Lis Hope
Amin
President Nixon to Address Washington Speech Next Week
The White House said Friday that President Nixon is expected to deliver a television speech in Washington around midweek next week in response to the Watergate investigation with few details on the exact content.
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Camp David
Nixon
Washington
White House
Phase 4 Sets Gasoline Price Ceilings Through August 10
Washington reports the Cost of Living Council extends the freeze on gasoline and petroleum products to August 10 with forthcoming price ceilings. Final Phase 4 rules cover petroleum sector, insurance industry, and financial reports disclosure. Ceiling prices will apply to retail gasoline and home heating oil with a minimum markup per gallon for service stations and monthly price adjustments allowed only to reflect actual costs.
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Cost of Living Council
Council
Joh Dunlop
Dunlop
Coucil
Equnell
Pasadena
Corll
Times
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Ant Mayme Meynler
Carl
Food costs rise as farming futures push prices higher
Washington reports a 15 percent retail rise in family food market costs this year with beef and pork prices climbing. Economists cite higher raw farm prices and increased processing costs, forecasting further boosts as price pressures filter through. Officials warn inflation, export controls, and crop yields will shape grocery bills, while consumer baskets remain untracked by official averages.
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Washington
Daskel i
Alii
Consimner
Mindiemen
Agnew Considers Release of Financial Records
Washington AP report notes Vice President Agnew weighing release of unprecedented financial records amid a federal probe into political kickbacks. Baltimore grand jury hearings continue as Agnew prepares to return to Washington next week. Officials avoid comment, while Agnew labels accusations as false.
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