Collins Radio ties with NR to stabilize finances and layoffs loom
NR executives say Collins Radio will be backed by a 35 million cash infu stion and 350 000 shares while NR may acquire up to 54 percent of voting power through a 30 million stock option. Management stresses no major operational changes though layoffs are underway affecting 500 staff mainly in professional and administrative posts as the company works to stabilize finances and secure the Lockheed contract payment timing.
MENTIONED IN THIS ARTICLE
Mate Keeler
Collins Radio
Last Rockwell Corp
Collins Radio Co
Nris
Collins
Italy
Ible
Vonn J. Henry
the Gazette
Henry
Arthur Collins
Cedar Rapids
Pammon
Colling
The
Gazette
Lockheed
Nixon Address On Radio TV Signals Policy Shifts
Washington AP reports President Nixon spoke on radio and television outlining planned changes in production and a new computer system. The address touched on government and non government orders, noting Collins Aerospace's backlog drop from 65 million in 1966 to 252 million by May with shifts toward commercial and international work.
MENTIONED IN THIS ARTICLE
Sete
Bald Aende
Washington
Hamburg
Germany
Nixon
Cal-1
Congress
Ae Ta Me
Collins
Iteary
German Airlines
Youth 18 Named to City Council Post
Belle Isle Florida AP reports Mayor Gill Hyatt appointed 18 year old Paul Curry to fill an unexpired council term. Curry, a Republican student at the University of Florida, will serve until January and aims to address drainage and sewage issues while staying connected with local youth.
MENTIONED IN THIS ARTICLE
Belle Isle
Fla
Gill Hyatt
Curry
Paul
Larry Curry
Hyall
Offit
The
University At Florida
Gainesville
Belfast bombs raise tension as IRA warns of violence
British troops hit alert after five explosions across Northern Ireland injuring five people and damaging targets including an army veterans club and a factory. IRA threat to escalate violence looms as Londonderry tightens security and Belfast parliament faces a midnight dissolution deadline.
MENTIONED IN THIS ARTICLE
Belfast
Northern Ireland
Irish Republican Army
Londonderry
Army Veterans
Britain
London
St. Eugene's
Annette McGavigan
Edward Heath
Great Britain
Jack Lyncbh
Irish Republic
Lynch
Heath
Brian Faulkner
Edith Hurricane Growing in Caribbean Threatens Landfall
Edith, a hurricane intensifying over the western Caribbean, is forecast to become a dangerous major storm before landfall. The National Hurricane Center warned it may be the storm of the year as Fern and a developing depression orbit the Atlantic hunt. Edith's eye measures calm with 75 mph winds and broad gale bands extending outward.
MENTIONED IN THIS ARTICLE
MIAME
Edith
Caribbean
National Hurricane Center
Hubert Simpson
Simpson
Gulf of Mexico
Bahamas
Atlantic
Fern
Gulf
Central America
U. S
Brownsville
Texas
Nassau
Dominican Republic
Not Admitted Yet AIs Are In Offensive Ops In Vietnam
AP report describes U.S. forces in South Vietnam conducting offensive actions in the Da Nang region and with reinforcements to bases held by South Vietnamese troops. Spokesman Cal Stevens says the effort is active defense, not offensive, while noting aerial and ground patrols and limited long-range actions.
MENTIONED IN THIS ARTICLE
George Esper Saigon
Nixon
U.S
South Vietnam
Cal
Phillip Stevens
Creighton Abrams
Vietnam
da Nang
Que Son
Hiep Due
Khe Sanh
Stevens
101St
Abrams
U S and Soviet to Meet on Sea Incidents in Moscow
U S and Soviet navy personnel will meet in Moscow on October 12 to seek ways to avoid collisions and other sea incidents between their vessels. The mission marks the first high level exchange since World War II and aims to reduce friction amid broader arms talks.
MENTIONED IN THIS ARTICLE
Washington
Moscow
State Department
Charles Bray
Navy
John Warner
U.S
Warmer
Pentagon
Defense Department
Mills Seeks Extra Tax Breaks While Connally Pushes Plan
Treasury Secretary Connally urged Congress to pass Nixon’s tax package with few changes while Mills urged broader individual relief. Mills proposed raising the standard deduction to either 1,400 or 1,250, arguing it could boost spending despite revenue loss. Connally warned the move would not help business and emphasized a total $7 billion individual tax reduction when combined with existing cuts.
MENTIONED IN THIS ARTICLE
Washington
Treasury
Connally
Congress
Nixon
House
Ways and Means Committee
Wilbur Mills
D-Ark
Mills
George Shultz
Nixon Sill
Senate
Thyroid check humor sparks a dietary warning
A doctor jokes to a heavy patient that the thyroid is normal but the issue is an overactive fork. The quip underlines humor about meals and health in a light medical setting.
MENTIONED IN THIS ARTICLE
Ceopriaht Ea
Ky Idea Let Thieu Resign in South Vietnam Crisis
Vice President Ky proposed that President Thieu resign and Ky take over to organize new elections in which he would not run. The plan aims to avoid a one candidate race, with elections to be held within 90 days by the senate president. Thieu rejected this and favored a presidential referendum.
MENTIONED IN THIS ARTICLE
Saigon
Aps
South Vietnam
Thieu
Senate
Vi Due Vinh
Nied
Thien
Poliician
Also Mentioned on This Page
Edward Guhr
Fred Duncan
Illinois Employment Service
Guhr
Duncan
Chicago
Collins Footing Sound
Yara
Funan
M Nixon
Ulster
Figlax
Crosswood
Daily Record
Farm
Marion
Sports Society
Kingston
Jamaica
Warner
Europe
Russia
Tonkin Gulf
Sea of Japan
Rat Connally
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