Taxpayer bail out seen as only path to save Lockheed
The TriStar jet project faces a collapse without federal help as Rolls Royce falters. A $250 million loan guarantee is proposed to back Lockheed, with 30,000 jobs at stake and a ripple effect on the economy if the firm fails. Treasury and White House lean toward a guarantee, despite congressional resistance.
MENTIONED IN THIS ARTICLE
Bill Neikirk
Associated Press
Washington (Ap
Lockheed Aircraft Corp
Airbus
Lockheed
Nixon
Congress
CIA
Nixon Administration
Rolls-Royce Ltd
Rolls-Royce
Secretary of the Treasury
John B. Connally
TriStar
White House
California
Treasury
New York
Washington
McDonnell Douglas
McDonnell
Eastern
Trans World
Connally
Market hits new highs as volume tops history
The Associated Press 60-stock average and the Dow Jones average both reach new 1971 highs as NYSE volume hits 24.82 million shares the third highest on record. The Dow closes at 941.75 up 0.8 on the week while the AP 60 average ends at 331.7 up 0.8. Analysts credit early week earnings reports for the gain and note profit taking at blue chips pulled the Dow back later.
MENTIONED IN THIS ARTICLE
Associated Press
New York Stock Exchange
Dow
NASA Interdealer Quotes Near 3 P.M.
The Associated Press reports interdealer prices from NASA quotes around 3 p.m. Thursday. Prices shown are representative and exclude markups commissions or other charges as markets vary throughout the day.
MENTIONED IN THIS ARTICLE
NASA
Engineer Ben Felder Proves 9100 B Can Design Bridges
Ben Felder, a modest engineer for Freeman Associates, created structural design programs for the Hewlett Packard 9100 B calculator. His 17 programs impressed HP reps and now decorate their programming library. Freeman received an extended memory unit to expand the machine's capacity. Felder, a Citadel graduate, previously worked on the San Mateo Creek bridge and now designs six State bridges on U.S. 29 near the Virginia line. He and his wife Patricia Daniel of Columbus, Georgia, have three children.
MENTIONED IN THIS ARTICLE
Ben Felder
The
Citadel
Hewlett-Packard
Wm. F. Freeman Associates
Felder
Luther
Loveland
Colo
Packard
Bamberg, S. C
Freeman
State of California
San Mateo Creek
High Point
Allied Health Professions
East Carolina University
Carolina Trace Resort
Sanford
U. S. 29
Virginia Border
Patricia Daniel
Columbus
Earnings Gain at Harrelson Rubber Co
Harrelson Rubber Co of Asheboro reports six months ending March 31 with 19 percent higher sales and 30 percent higher earnings. The gains reflect improved demand and efficiency across the period.
MENTIONED IN THIS ARTICLE
Harrelson Rubber Co
Asheboro
Tar Heel Economy Mixed Shows March Dip in Business Index
The Wachovia North Carolina Business Index indicates overall Tar Heel business activity remains up from earlier months but slipped from February’s 112.9 to 112.6 in March. The index, running since November 1970, stays about 0.7% above the 1970 March level, marking the third highest reading on record.
MENTIONED IN THIS ARTICLE
North Carolina
Local Professionals Move Between Firms In High Point Area
Randy L. Stanley leaves the High Point Planning Department after 1963 tenure to join George Clements Realty focusing on residential sales and land development. Vin Drehle of High Point becomes executive VP marketing at Cellu-Products Co. Eugene Briles from High Point joins KB Marketing Systems 10-Year Club, a parent to Pri Way Self-Serve Shoe Marts and toy stores across 11 eastern states and California.
MENTIONED IN THIS ARTICLE
Randy L. Stanley
High Point
George Clements Realty
Stanley
High Point College
Hillside Dr
Frank Vin Drehle
Cellu-Products Co
Patterson
von Drehle
Cellu- Products
Pat Murphy
Hickory
Eugene Briles
KB Marketing Systems
California
McDonald’s reports first quarter record sales and earnings
McDonald’s Corp announces Q1 results ending March 31 with earnings of 4,211,568 up 40 percent from last year’s 3,016,937 and per share 34 cents, while sales reach 159,768,000 up 32 percent. Gross revenues total 54,682,142 up 41 percent, including company outlets, rentals, service fees, and license income. First Union National Bancorp reports Q1 earnings of 3,623,574 before gains, or 1 per share, up from 0.68 in 1970, aided by bond trading and nonbank subsidiaries. Regular dividend of 30 cents per share declared payable June 14 to stockholders of record May 14.
MENTIONED IN THIS ARTICLE
McDonald’s Corp
First Union National Bancorp, Inc
First Union National Bank of North Carolina
Bancorp
Fifth District Banks See Weekly Loan Decline and Shifted Deposits
The Federal Reserve Bank of Richmond reports 28 large Fifth District banks reduced gross loans by 89.6 million to 9.352 billion for the week ending April 2. Domestic commercial bank loans fell 161.0 million while adjusted loans rose 71.5 million. Demand deposits dropped 43.7 million and time deposits declined 25.3 million. investments rose 7.1 million. Nonfinancial loans grew 75.1 million with increases in commercial and industrial loans 39.9 million real estate 4.2 million consumer installs 3.8 million and all other loans 26.2 million.
MENTIONED IN THIS ARTICLE
Federal Reserve Bank of Richmond
Fifth Federal Reserve District
Windham Named Executive Director of NC Council on Economic Education
Dr. Douglas M. Windham an assistant professor of economics at the University of North Carolina at Greensboro is named executive director of the North Carolina Council on Economic Education. He had served as acting director since January. The council is a nonprofit, nonpartisan group of business leaders labor educators and citizens seeking greater economic literacy in the state affiliated nationally with the Joint Council on Economic Education. Dr. David Shelton dean of UNCG's School of Business and Economics serves as council airman.
MENTIONED IN THIS ARTICLE
Douglas M. Windham
University of North Carolina At Greensboro
North Carolina Council On Economic Education
Windham
Joint Council On Economication
David Shelton
UNCG
School of Business and Economics
Also Mentioned on This Page
Stouks
Dera
Thur
pTeh
FMAM
New High
Aerotron
Atlanta
Barber Greene
Bassett Fur
Sia
B. Allen Cam
Allen
B. Allen
Westa
Amer
Binni
Bank
N.C Brush Beryi
Buckabee Mears
Cam Brown Uts
Cam Brown
Cam Brown Wits A
Bia Carmine Foods
GMC Finance
Carolando Carp
Carolando Wits
Carolina Casine
Carolina Carib de
Carolina Freight Car
Caro P&l
Carolina Steel
Carolina Whistle
Cent
Caro Bank
Cent Vt
Cheatham Mtg
Wa Cochrane Furn Colonial Strs
Ommon Computing Efency
Conner Durham Life Wa
Equitable Lease
Ve Farmers NW
Walker
Wellington Hal
Wright
Tar Heel
Ed Lyon, Jr
C.la
Briles
By Ray Hubbard
George Killebrew
Swiss Colony
Westchester Mall
Chuck Wagon Camping Foods, Inc, Inc
Chuck Wagon Foods
George P. Clark
C.S.A
Hayden Place
West High St
Economics
Greensboro-High Point
Greensboro
E. Westwood
Integon Insurance
Robert McCuiston
South Main Street
NCNB
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