Belk Denies Tax Probe Based on Unjustified Conclusions
Charlotte Mayor John Belk, head of the Belk department store group, rejects reports of a federal probe into tax allegations as unjustified. The AP cites former and current auditors and federal sources noting 374 Belk tax suits from 1966–1972 over inventory valuation, with no fraud indicated. Belk maintains cases target back-tax adjustments and potential refunds rather than misconduct.
MENTIONED IN THIS ARTICLE
Charlotte
John Belk
Belk
Associated Press
United States Tax Court
Washington
Internal Revenue Service
IRS
Cannon Burlington Announce Pay Increases For Employes
The Associated Press reports Cannon Mills Co will raise wages for about 20,000 workers across 19 plants in North and South Carolina starting with the June payroll period. The increase percentage is not disclosed.
MENTIONED IN THIS ARTICLE
Cannon
Burlington
Cannon Mills Co
Harold Hornaday
North
South Carolina
Burlington Industries
North Carolina
Ex Textile Workers Protest Refusal to Meet in Washington
About 50 members of the Carolina Brown Lung Association protested outside the American Textile Manufacturers Institute in Washington. They carried signs blaming J P Stevens for causing brown lung disease by cotton dust exposure and demanded a public talk on byssinosis.
MENTIONED IN THIS ARTICLE
Washington
American Textile Manufacturers Institute
Carolina Brown Lung Assn
J.P. Stevens
North Carolina Sleepwear Makers Fight Flammability Liability
North Carolina manufacturers face losses over the Tris flame retardant controversy. Bates Nitewear Co and Jayvee Brand vow to seek court relief in Washington, arguing they did not produce or apply the chemical. The CPSC ordered reimbursements and banned Tris, risking jobs and potential plant closures if liability is interpreted against textile firms.
MENTIONED IN THIS ARTICLE
North Carolina
Washington
Louis Bates
Bates Nitewear Co
Greensboro
Consumer Product Safety Division
Jayvee
Way
Don Nelson
Also Mentioned on This Page
High Point Enterprise
FBI
The
Concord
China Grove
Sailabury
Rockwell
Graham
York
Central
Allen Jay Baptist Church
Farrell Shimpock
Pilot View Baptist Church
High Point, N.C
Rev. Shimpock
William Highbaugh
Nursery
Yates M. Brooks
Bobbie Brooks
Men’‘S Store
CK Swando
N. Main ST
High Point
Nelson
Blue Jean
Electronic Mart
Magnavox Showcase
ANCB
Magnavox
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