Senate votes to end federal funding for SST program
The Senate and House combined vote ends $134 million for two SST prototypes, signaling Boeing and GE losses up to 7 000 and 1 600 jobs respectively. Boeing halts the project with non government financing deemed unlikely, while Lockheed awaits U S British decisions on engine guarantees for the TriStar.
MENTIONED IN THIS ARTICLE
New York
U.S
Senate
House
Boeing Co
Boeing
Seattle
Lockheed Aircraft Corp
Nixon
General Electric Co
Congress
Transportation Department
Treasury
John B. Connally
Defense
Lord Carrington
Peter Rawlinson
Washington
Lock
Rolls-Royce
Lockheed
United States
Britain
American Textile Manufacturers Institute
Nobuhiro Ushiba
Japan
Market Dow slides as profits dip on weekly report
The Dow Jones industrials closed at 903.48 down 12.11 from last week while the AP 60-stock average fell to 313.0, down 3.8. Analysts cite profit taking as the market drops. NYSE turnover surpassed one billion shares this week. Poe to.
MENTIONED IN THIS ARTICLE
Dow Jones
Associated Press
New York Stock Exchange
NASD Interdealer Prices Typical Afternoon Quotes
The Associated Press notes NASD quotations as representative interdealer prices near 3 p.m. Thursday. Interdealer markets vary through the day and do not reflect retail markups or commissions.
Tar Heel State Wachovia Index Hits Fresh February High
Wachovia North Carolina Business Index climbs 0.7 percent in February to 112.9, signaling strong activity despite a rise in unemployment. Total nonfarm employment dips 0.2 percent, but hours worked rise 0.9 percent. Bank debits reach a record $7.4 billion, up 9.5 percent for February. Durable goods employment gains offset by declines in nondurables. Building permits jump 27.1 percent to $50.2 million. new truck and car sales surge over 14 percent.
MENTIONED IN THIS ARTICLE
Tar Heel
North Carolina
Federal Reserve Bank
Richmond
Wachovia
Visual aids dramatize cost control message in training
E F Wells a Dartnell Institute consultant uses a burning dollar to illustrate inflation. He shows a dollar billey with 60 percent torn off and explains the remaining value reflects what the dollar has done to your costs. The demonstration emphasizes the need for cost control in management.
MENTIONED IN THIS ARTICLE
E. F. Wells
Dartnell Institute of Business Research
Wells
Dartnell
Sifathda
Domesday Book A Tax Survey of Norman England
The Domesday Book records a general survey ordered by William the Conqueror in 1086 for taxation. It remains a valuable source of historical information about 11th century England.
MENTIONED IN THIS ARTICLE
England
William the Conqueror
Indian Head reports Q2 earnings down from prior year
In the quarter ended Feb 27 Indian Head earned 1.9 million dollars, down from 2.2 million year earlier. Three month sales reached 93 million versus 18 million a year earlier. Earnings per share were 36 cents, vs 44 cents last year's first quarter. Results exclude Schwarzenbach Huber Co. sales and earnings after its Feb 23 acquisition.
MENTIONED IN THIS ARTICLE
Indian Head
Schwarzenbach Huber Co
Fifth District Bank Survey Shows Loan, Deposit Shifts
A Federal Reserve survey of 28 large Fifth District banks reports week ending March 17 with total gross loans at 9.22 billion dollars up 169 million. Demand deposits rose 249 million, time deposits 36 million, while real estate loans fell 10.4 million. Piedmont Aviation reports 1970 revenue at 83.95 million, up 21 percent though a net loss of 2.60 million, with Piedmont Airlines carrying 2.72 million passengers and 276 miles per traveler.
MENTIONED IN THIS ARTICLE
Federal Reserve Bank of Richmond
Fifth Federal Reserve District
Piedmont Aviation, Inc
Piedmont Airlines
Rex Plastics Reports Strong First Quarter 1971 Gains
Record shows Rex Plastics of Thomasville lifting first quarter sales by 30 percent and pre tax earnings by 226 percent with net income after taxes up 68 percent. The gains set new first quarter highs for Rex in both sales and earnings despite the seasonally slow period.
MENTIONED IN THIS ARTICLE
Rex Plastics
Thomasville
Rex
Functions Merged at Burlington Purchases Klopman Mills
Burlington Industries will take purchasing for its Klopman Mills division. M. H. Bill Barnes, former Klopman purchasing chief at Asheboro, is named assistant director of purchasing for Burlington and will work from Greensboro offices. Barnes, a High Point native, has 24 years with Klopman and has led its purchasing since 1947.
MENTIONED IN THIS ARTICLE
Burlington Industries, Inc
Klopman Mills
W. Vance Rucker
Burlington
M. H
Bill) Barnes
Klopman
Asheboro
Barnes
Greensboro
High Point
Dartnell survey finds fewer salesmen laid off amid recession
The study of typical companies across wholesale, retail, manufacturing and service sectors shows salesmen suffered under 1 percent layoffs, compared with 7 percent for office staff and 3 percent for production and mechanical workers. The Dartnell Institute of Business Research released the findings.
MENTIONED IN THIS ARTICLE
Dartnell Institute of Business Research
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Boeing Aircraft
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Poe
Bryze
Twes
Web
Thur
EPA
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THE
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Atlanta
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Enk of
Mia
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Brush Beryllium
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Carolando
CMC Finance i
Carolinas Cas
Carolina Caribbean c
Carolina Me
Carolina
Carolina Wise Flo Central
Chatham
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Col Stors
Community Bank
Conner Homes As Craddock
Terry Durham Life
Equitable Leasing Farmers N.W. India
Fidelity Corp Vi
First UN Nat Bancorp
Franklin Life Il
E! Brooks Brs
Georgia Internat
le Guardian Care Passin
Harrelson Rubber Wa
Hocory Furn
Ria
S90
Integon Corp
Alert
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Knape & Vogt Mig
Occidential
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Nat'l
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Piedmont Aviation Quality Mills
Ruddick
Sonoco
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BB Hall
Business Index
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Gilbert H. Clinard
Telephone
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High Point Greensboro
N.C
Ray Hubbarde
Stati
Bere Eries
Janet Tompkins
Avatary Saleamen
W. High ST
George P. Clark
C.S.A
Hayden Place
Ed Lyon, Jr
C.la
Nat. Bank
Piedmont
FSLIC
Luilu
Agoff
Robert McCuiston
South Main Street
Integon
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