Way Out Proposed for Lockheed Financial Woes
New York AP reports Lockheed Aircraft Corp faces long term debt restructuring to end government guarantees, receive 100 million in new money, and issue 45 percent of common stock to Textron. Textron would buy 12 million shares at 5 dollars each plus 15 million in new stock, with a Nov. 30 deadline for 180 firm TriStar orders.
MENTIONED IN THIS ARTICLE
New York
Lockheed Aircraft Corp
Lockheed
Textron Inc
Textron
G. William Miller
Britain
Rolls-Royce
New England
Bell Hélicopters
Eaton
Shhaeffer
Record crops pressure prices and farm profits
Agriculture Department will issue the first of four crop production reports beginning Monday with a new wheat estimate. The 1974 winter wheat crop could top 1.6 billion bushels and spring wheat around 560 million, risking lower prices and reduced farm profits despite large harvests. Officials warn consumers may not benefit as prices fall from earlier highs.
MENTIONED IN THIS ARTICLE
Don Kendall
Washington
Agriculture Department
Great Plains
USDA
U.S
Agriculture
Earl L. Butz
Inflation Biggest Worry for Most Independent Firms
A NFIB survey shows inflation as the top problem for 29 percent of independent businesses, edging past shortages of materials. Taxes and labor quality trail closely, with wholesalers and retailers signaling shortages could worsen and affect pricing and output into 1974-75.
MENTIONED IN THIS ARTICLE
Richard Bailey
University of California
William Dunkelberg
Stanford
National Federation of Independent Business
NFIB
Weekly stock surge lifts Dow and AP averages
The stock market rose sharply this week with the Dow Jones average closing at 83.32 on Friday, up 51.15 from the prior week. The Associated Press average gained 12.5 to finish at 266.6 as analysts cited hopes for falling interest rates driving this best weekly advance of the year.
MENTIONED IN THIS ARTICLE
Associated Press
NCNB appoints Morganton native to new Western NC post
D Frank Sorrell, a High Point native and longtime NCNB Western Area executive since 1972, will assume a new business development post in Western North Carolina effective mid June. He joined the Charlotte office in 1966, became Morganton city executive in 1970, and was promoted to senior vice president in 1972. The Piedmont CPA chapter meets June 11 at the Rodeway Inn Guilford College Exit for continuing education, with a 6 pm start. In other notices, Minnesotan sales reps for In Depth Marketing are named. Zayre Corp reports quarterly results with sales up 3.44 percent and earnings at 11 cents a share. Richmond banks report May 29 lending and deposit changes across the Fifth District.
MENTIONED IN THIS ARTICLE
Morganton
D. Frank Sorrell
North Carolina
North Carolina National Bank
Sorrell
NCNB
Duke University
Bank
Charlotte
Morganton City
Owen P. Sorrell
E. Parkway
High Point
Jane Greenes
Coral Gables
Fla
Dave
Kathryn
Doug
Piedmont
N.C. Assn
Cpa’s
Rodeway Inn
Guilford College
Cpa's
Bill Eldridge
Jim Robertson
State Association Committee On Education
Framingham
Mass
Zayre Corp
Stanley H.feldberg
Trade Winds Antibusiness Congress Foreseen In November
North American newspaper report notes business and banking leaders foresee a major Republican loss in November amid inflation and distrust in government. Fed official calls for voluntary cuts. Mills pushes capital gains tax relief to spur stock market access.
MENTIONED IN THIS ARTICLE
Lou Schneider
Allliance New York
Federal Reserve Board
Arthur Burns
Congress
Sen
J. William Fulbright
Washington
Wall Street
House Ways & Means
Wilbur Mills
D-Ark
Wall
Also Mentioned on This Page
High Point Enterprise
Way Out
General Electric
Boeing
Butz
Wellcome
Butz and Associates
White House
National Association of Securities Dealers
Aerotroamane
American Furniture Aly Ave
Atlanta Gas Light
Pershares
N.C
Bank and Trust Brenner
Burlington Bank & Trust
Burnup & Sims
Ad Burris
CMC Finance Ab
Ava Cameron Brown Wis
Cameron Finance Wa
Cannon Mills
Carmine Foods
Carolina Castns
Atone
DOW Jone
Chatham Mig
CMS Corp
Mid-South
Gastonia Vinone Mom
Pops
Coca-Cola Co
Ncab Corp
Colonial Life
Bank Greensboro
Northwest Fin Corp
Conner Homes
Daniel Internal
Occidental Life
Dalmondhead Corp
Oakwood Homes Aly
Surharn
el Paso Electric
First Cit Bank&Trust
Aia
Piedmont Real Estate
Catawba
Rocky Mt
Av Farsyth Bank & Trust
Quality Mills Ba
Franklin Life Ins
Rmic Corp
Financia
Heilig Meyers Henredon Furniture
Royal Scotsman
Safeguard Auto
Heaver Co
Hickory Furniture
Salem Carpet Sa Oe Investment Life & Tr $Am
Solomon
Sea Pines
Jacks Food
Ivey de Security
BK & Tr
bin Kenan Transport Me
Ea Security Finance WA
WA Lance Inc
Shoneys Big
Sonoco Products
WY 6Eane Co
Wa S.C. National Corp
Southern Nat Corp
Wie
Southern Nat Debs
Spartan Food Systems
Super Dollar
Syercen Feferent Leasing
Am Unifi Inc
United Care, Bancshares
Vermont American
Virginia International
Virginia Natl. Bank Ma
Walker Shoe Washington Group
West Knitting TA
White Shield Co. Wa
Wix
Wright Machinery
Wilbur M. Currie, Cla
Numa F. Reid Lodge
PAM
Willis C. Harris
W.P. McGuire
Cpas
Grant Stevens
Bob
Marlette Baker
Dunhill
Montreal
Quebec
Canada
Baker
National Advisory Council
Nassau
Bahamas
Zayre
Richmond
Federal Reserve Banks of
Federal Reserve District
Frank Sorrell
Federal Reserve
Alfred Hayes
Fed
Burns
Robert McCuiston
ANCE
Granville
Mayflower
S. Hamilton St
Fred P. Newby
Steve Foster
Crane Mewby
MGR
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