GM abandons costly rotary engine after years of research
Detroit report says General Motors ends its seven year rotary engine program after spending over 100 million dollars. Officials cite ongoing fuel economy and emissions problems that prevented the rotary from matching piston engines.
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Detroit
General Motors
FDA Orders Ingredient Labels on Cosmetics After Long Battle
The FDA declares all cosmetic labels must list ingredients in descending order of predominance starting after Friday. The ruling ends a two year suit by industry groups, which warned of small labels, higher costs, and disclosure of trade secrets, while supporters say it helps consumers know what they apply.
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Washington
Food and Drug Administration
FDA
D C police win appeal in mass arrests
A federal appeals court ruled that District of Columbia police acted properly in handling major antiwar protests in the late 1960s and early 1970s. It reversed a lower court that had ordered fewer police lines and immediate arrest reports for thousands arrested in May 1971 protests.
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Washington
District of Columbia
US Court of Appeals
Tower Court
Oil conservation tops Burns economic plan
New York AP reports F. Burns chairman of the Federal Reserve Board proposes a nine point program to meet world economic challenges. The plan urges stringent oil conservation by importing nations, reduced reliance on lending, faster energy development, restraint by IMF lending, avoidance of new price increases by OPEC, and stronger roles for underdeveloped countries. It also calls for improved credit assessments, shunning protectionism, and domestic stabilization by deficit nations.
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New York
F. Burns
Federal Reserve Board
Burns
Organization of Petroleum Exporting Countries
OPEC
International Monetary Fund
IMF
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