Wider Role Proposed For Troubled Lockheed
G William Miller who would take the controls at Lockheed under a refinance plan says the nation’s largest defense contractor could move into nongovernmental areas in the next decade Miller would replace Lockheed chair Haughton this fall The plan asks Textron to provide 85 million in new capital for 45 percent of Lockheed debt Lockheed has 2.7 billion in sales and 1.3 billion in assets Textron would bring new capital and expand Lockheed’s scope while addressing TriStar jetliner problems before growth.
MENTIONED IN THIS ARTICLE
Burbank
Calif
G. William Miller
Lockheed Aircraft
Miller
Textron Inc
Lockheed
Lockheed Board
Daniel J Haughton
U.S
Coast Guard Academy
Textron
General Motors
Bell
Stuart Furniture Names J B Davis VP of Sales in Asheboro
Asheboro based Stuart Furniture Industries promotes J B Davis to vice president of sales as the firm expands its Asheboro facilities. Davis joined Stuart in 1969 as a sales representative after earning a B S from East Carolina University in 1967 and earlier work in adult education.
MENTIONED IN THIS ARTICLE
Asheboro
Stuart Furniture Industries of
J. B. Davis
Stuart
Davis
East Carolina University
Stuart Furniture
Department of Community Colleges
Textron plans rescue by funding Lockheed stake with loans
The proposal finances Lockheed with government-backed loans and refinances debt totaling over 850 million. It envisions taking effect in October or November, with Textron to buy 12 million Lockheed common shares at 9 each and issue 25 million of new Lockheed preferred stock, totaling 85 million.
MENTIONED IN THIS ARTICLE
Textron
Lockheed
Nixon Policy Credited
Vice President Ford credited President Nixon for bold foreign policy and Kissinger led Middle East diplomacy. Ford said Nixon’s initiatives created a new era of negotiation and reconciliation, citing Moscow and Peking visits and subsequent talks. He praised Kissinger for narrowing gaps between Israel and Syria and vowed continued US aid to Israel’s arms balance.
MENTIONED IN THIS ARTICLE
New York
Gerald R. Ford
Henry A. Kissinger
Middle East
USA
Nixon
Ford
Watergate
American Apparel Manufacturers Association
Kissinger
Moscow
Peking
Israel
Syria
United States
Soviet Union
Prison lobotomy on inmate raises questions in Nevada
Eugene Austin, jailed in 1941 for a shooting, received a prefrontal lobotomy in 1953 after years in isolation that left him blind. He served 33 years before release, prompting protests as officials defend the procedure and note its then acceptance in state hospitals and prisons.
MENTIONED IN THIS ARTICLE
Carson City
New
de Austin
Austin
Art Bernard
Bernard
Israelis Capture 2 Arab Terrorists
Israelis report security forces captured two 19 year old Arab terrorists who crossed from Lebanon to Israel with a plan to kill at random in Haifa. Police said they were ordered to murder by Fatah guerrillas and seized hidden hand grenades and Kalashnikovs near the border. Three accomplices fled back to Lebanon.
MENTIONED IN THIS ARTICLE
Tel Aviv
Israel
Haifa
Acre
Galilee
Manor's Owner Sues Over Zoning to Save Treatment Center
In Greensboro AP report, owner of Duncraig Manor in Southern Pines files federal suit challenging a zoning ordinance aimed at closing the mansion used as a treatment center for emotionally disturbed children. City plans to extend occupancy until September 1 while seeking relocation options. seven patients and two houseparents reside there. Mayor Hubbard said the center will remain until a new home is found, with a temporary restraining order sought.
MENTIONED IN THIS ARTICLE
Greensboro
Duncraig ‘Manor
Southern
Pines
U.S. Middle District Court
Southern Pines
Duncraigh Manor
FE. Eliat Hubbard
Eugéne Douglas
Lumberton
Duncraig
Pinehurst
Douglas
Tammy Haynes Killer Gets Life
A Pickens jury recommended mercy in sentencing Virgil Preston Vinson for the kidnapping and murder of Tammy Denice Haynes. Vinson, 36, pleaded guilty to all charges. judge Frank Eppes sentenced him to life plus 40 years.
MENTIONED IN THIS ARTICLE
Pickens
Vinson
Tammy
Liberty
Also Mentioned on This Page
Hickory
Hickory Furniture Co
Charlotte Steede
N. P. Steede
Ashe Street
Holladay House Furniture
Richmond
Miss Steede
High Point Central High School
Virginia Commonwealth University
Society of Real Estate Appraisers
Piedmont
Burleigh C. Burshem
SREA
International Organization
High Point Road
Howard Johnson Motor Inn
Burshem
Federal National Mortgage Association
Washington
NCNB
Thomas M. Rouse
College Village
North Carolina National Bank
Rouse
BankAmericard Center
BankAmeriecard
Snow Hill
North Carolina State University
J.B. Davis
Neil Simon
2Nd Avenue
William Miller
Billy Jack
Transix
Emir Mneieer
Ta Intarin Sraceahy
Gustance
Gentein
ITHE
THE
High Point Enterprise
Ed Pogue
Nevada State Prison
Eugene Austin
Pogue
Fatah
Lebanon
Peter Fonda
Thomas
Hial
Earth
Guilford Technical Aan
Jamestown
Manor
They Center
Hubbard
Aig
Pearen
Tammy Haynes
Lake Hartwell
Jani
Lester Haynes
Haynes
VN Ma Aas Paderie
Streisand Shedford
Cops & Robbers
Thunderbird
Stene Billy
Watts
Hong Kong
Perpetual
Perpetual Savings and Loan Association Heiden Obes
Ue Te Sion
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