Suit Settles Price Fixing in Snack Chips Case
A California consumer class action settles a price fixing dispute involving potato corn and tortilla chips from 1967 to 1970. Eligible households may claim rebates up to 15 dollars with a total pool of 2.27 million for California Arizona and Nevada residents. The May court hearing will approve the deal.
MENTIONED IN THIS ARTICLE
Jack Corinblitt
California
Arizona
Nevada
U.S. District Court For
Central District of California
Corinblitt
U.S
Manuel Real
Laura Scudder Inc
Pet Inc
Fritolay, Inc
Pepsico Inc
Granny Goose Foods Inc
Bell Brand Foods Inc
Sunshine Biscuit Inc
B.B.F. Liquidating Inc
Eggo Foods Products Inc
Fearn International Inc
Clover Club Foods Inc
Fed Cuts Discount Rate to 6.25 Percent
The Federal Reserve Board approves lowering its discount rate on loans to member banks to 6.25 percent starting next Monday. The move, the lowest since 1973, reflects weaker economic activity and moderating inflation.
MENTIONED IN THIS ARTICLE
Fed
Washington
Federal Reserve Board
Boston
New York
Philadelphia
Cleveland
Richmond
Atlanta
Chicago
Minneapolis
Kansas City
San Francisco
Banks cut prime rate as banks hold cash
Major banks facing weak loan demand reduce prime rate to 7 percent. Bank of America First National Bank of St Louis and Cincinnati branch adopt 7 percent, following Morgan Guaranty Trust and others who started the move to the new rate.
MENTIONED IN THIS ARTICLE
New York
California
Bank of America
First National Bank of
Consumer debt decline noted
Washington AP report shows January sees a $583 million drop in outstanding consumer credit, slower than December's $877 million. Total consumer indebtedness stands at $187 billion. auto loan credit fell $186 million despite rebate plans to spur sales.
MENTIONED IN THIS ARTICLE
Washington
Althugh
Federal Reserve Board
Bumper standards stay after agency reverses plan
The National Highway Traffic Safety Administration scrapped its plan to relax bumper rules. It will keep 5 mph front and rear damage standards for 1977 models and extend 3 mph corner damage limits for 1980 models. Insurance groups and lawmakers opposed the light bumper proposal.
MENTIONED IN THIS ARTICLE
Department
National Highway Traffic Safety Administration
The
Safety Agency
Insurance
Safety Administration
NHTSA
Also Mentioned on This Page
Associated Press
St. Louis
Dallas
Southland
Pacific Coast
Caribbean
Mediterranean
Round
Robert P. Griffin
Treasury Department
Volkswagen
Griffin
Treasury
William E. Simon
United States
Paramount
del Amo
Kewood GA
Los Alamitos
Katello
Mit
IG Beach
E.10th St
Long Beach
Dooley
Berkline
Imperial
Der
ORTHO
Dooley’s Hardware Mart
Long Beach Blvd
North
Furniture Department
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