Color TV profits fade as prices drop and bonds underbid
Banking and market observers warn underwriters bid too aggressively for new bond issues while treasury and corporate offerings flood the market. The color TV business faces price cuts from 50 to 300 dollars, saturating demand and squeezing profits as producers brace for a costly shift and a five year recovery.
MENTIONED IN THIS ARTICLE
Lou Schneider
North American Newspaper Alliance
NEW York — Bank
Treasury
Defense
Robert McNamara
Air Force
Navy
Pentagon launches nationwide drive to end housing discrimination
Secretary McNamara announces a July 1 directive to bar private housing near Andrews Air Force Base that excludes Negro servicemen. Fifteen apartment buildings and four trailer courts within 3½ miles face off limits unless they open to all races. Some landlords balked at a 75 percent approval threshold, only 50 percent agreeing. Ten percent of Andrews personnel are Black.
MENTIONED IN THIS ARTICLE
Washington
Pentagon
Maryland
Secretary of Defense
Robert S. McNamara
Andrews Air Force Base
Defense Department
McNamara
California
Illinois
Florida
Andrews
Defense
Energy outputs of man and hummingbird compared
A human’s daily energy use averages around 3 500 calories, similar to the hummingbird’s routine of feeding, flying, resting, and perching. For a 170 pound man this equates to about 155 000 calories when scaled.
FCC Approves ABC ITT Merger Despite DOJ Doubts
The FCC votes 4 to 3 to approve the 2.8 billion merger of American Broadcasting Companies into ITT. DOJ may sue to block. 30 day pause set to allow decision. Minority cites alleged misrepresentations and press conduct during hearings. The deal would transfer ABC stations to ITT to expand color programming and studios. The herb horehound is a mint family plant.
MENTIONED IN THIS ARTICLE
Washington
Federal Communications Commission
American Broadcasting Companies Inc
International Telephone & Telegraph Corp
Justice Department
FCC
Robert E. Lee
Lee Loevinger
James J. Wadsworth
Rosel H. Hyde
It&t
ABC
National Broadcasting Co
Columbia Broadcasting System
At&t
Dor
Texas man tied to senseless Cedar Rapids killings
Hubert B. McClelland, 42, of Beaumont Texas, was held on a murder charge after police linked him to the slayings of Mrs. Charles Schwab and farmers Leland Skoog and his son. Investigators said he came from Texas to rob a bank and ended up killing three people and kidnapping two children, who were unharmed.
MENTIONED IN THIS ARTICLE
Cedar Rapids
Iowa
Texas
Hubert B. McClelland
Beaumont
Tex
Charles Schwab
Belle Plaine
Elberon
Leland Skoog
Skoog
Garith
McClelland
Joseph Robert Carter
Robert Blair
State Bureau of Criminal Investigation
Farmers State Bank of
Marion
Schwab
Benton County
Skoogs
Justice of the Peace
Fay W.hite
Vinton
Linn County
Prison escapee Austen recaptured after high speed chase
Enfield North Carolina AP report states William Earl Austen, an escapee from Central Prison, was recaptured Wednesday following a high speed chase by highway patrolmen.
Also Mentioned on This Page
Abc-It&t
Alcatraz
McNeil Island
Leavenworth
Libbey
Glass Sale
Bai
PPG
the Employment Security Commission
West First Avenue
Lexington, N. C
Lorreip
Belk’s
Yale
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