American Justice Dept Moves Against Conglomerates
The market slowed as officials warned of higher capital outlays and Vietnam talks stalled. Ling-Temco-Vought and Jones & Laughlin delayed on the NYSE with mixed early quotes. Ling-Temco-Vought opened at 65 and later fell to 63, while Jones & Laughlin opened at 30 4/8 and slipped.
MENTIONED IN THIS ARTICLE
Vietnam
Ling-Temco-Vought
Jones & Laughlin
New York Stock Exchange
Ling-Temco- Vought
Ling- Temeo-Vought
LTV Moves on J&L Merger Amid Antitrust Tensions
The article outlines LTV's acquisition strategy and its expansion into 33 companies since 1961, highlighting antitrust concerns as the government warns against merger mania. It notes McLaren's stance that the merger with Jones & Laughlin could raise concentrations and faces possible legal challenges. Greensboro Klan figures also face contempt of Congress as J. Robert Jones surrenders for a one year sentence for refusal to reveal records.
MENTIONED IN THIS ARTICLE
LTV
Co . Danoest
J&l
Tolwitccn & Co
America’s Third Tion
Williurb
Indi-Orvestment Packing
Car Rental System Inc
Greatamerica Corp
Ion
McLaren
Pany, Jones & Laughlin
Greensboro
Northjf
Carolina
Ku Klux Klan
Grand
Dragon J. Robert Jones
Jones
U.S
Federal Building
Congress
House Committee On Un-American Activities
High Point
Federal Penitentiary
Imperial Klans of America
Salisbury
Marshal's Office
Inc
O Perations
Lrycent
Jones & Laughlin
Com
Greens-ton
Oro
Imperial
Robert Shelton
Tusbuilding
U.S. Plywood Proposes Two for One Stock Split
U S plywood stock split proposed as a two for one common split to be voted at the annual meeting in May. Gene C Brewer resigns as president and COO for personal reasons. Karl R Bendetsen becomes chairman and CEO. Dividend boosted to 21 cents per split stock, 84 cents annual payout. Outstanding shares listed as of Dec 21: 11,986,620 common and 7,892,032 convertible preference.
MENTIONED IN THIS ARTICLE
Plywood Champion Papers, Inc
Gene C. Brewer
Karl R. Bendetsen
Year May Be Required Before Troops Can Be Withdrawn From South Vietnam
U.S. military leaders say a withdrawal could begin late this year or early 1970, depending on battlefield progress and the Viet Cong threat. Officials note decisions hinge on Vietnamization, Paris talks, and the ability to gauge enemy activity. The United States currently has over 540,000 troops in Vietnam.
MENTIONED IN THIS ARTICLE
South Vietnam
Fred 5. Hoffman
Laird
T.e
Paris
U.S
United States
Vietnam
U S Units Transfer Equipment to Vietnamese Forces
The 6th Battalion, 77th Artillery, based southwest of Saigon, began transferring its 15 howitzers and support gear to South Vietnamese units. About 2,500 U.S. troops will be reassigned or serve as advisers as phased withdrawals begin over three months.
MENTIONED IN THIS ARTICLE
Saigon
U.S. Sth
Thellery
6Th Battalion
U.S
Gother
Cosmetics Cases Postponed in North Carolina
In Raleigh AP report, trials of two pyramid cosmetic distributors, Kascot Interplanetary Inc and Pyramid Management Associates Ltd, are postponed to May 8 from March 27. Restraining orders remain in effect, prohibiting sale of distributorships in North Carolina until further court orders.
MENTIONED IN THIS ARTICLE
Benoy
North Carolina
Cellist May Have Defected from Moscow Orchestra
NEW YORK AP A cellist with the touring Moscow State Symphony Orchestra vanished and police believe he may have defected. Ve vzto v Lezhnev, 37, was reported missing by Evgeny Alechin, first secretary of the Soviet mission to the UN. Lezhnev checked out Friday night from the Wellington Hotel near Carnegie Hall with luggage and cello, missed a Baltimore concert, and a Washington show. The orchestra plans to return to Moscow Tuesday on an Aeroflot flight from New York. He is 5 feet 8, 145 pounds, blond with blue eyes and glasses. speaks broken English. State Department had no information.
MENTIONED IN THIS ARTICLE
New York
Moscow State Symphony Orchestra
Vstevolod Lezhnev
United Nations
Evgeny N. Alechin
Lezhnev
Wellington Hotel
Carnegie Hall
Baltimore
Washington
Moscow
Aeroflot
State Department
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