Judge Pickets ITT Stockholder Meeting in Charlotte
Judge William H. Booth of New York criminal court joins other pickets outside an ITT stockholder meeting in Charlotte North Carolina to protest high executive salaries. Shareholders at the meeting questioned salaries and ITT dealings in foreign nations, especially Chile.
MENTIONED IN THIS ARTICLE
William H. Booth
New York City
Gulf denies political contributions to Latins
In Pittsburgh Gulf Oi Corp chairman Bob R. Dorsey denied Venezuelan and Ecuadorian filings alleging Gulf paid politicians to protect investments. He said neither country received contributions and resisted the ultimatum to clarify and disclose any bribery links as Caracas faced nationalization moves in its oil sector.
MENTIONED IN THIS ARTICLE
Pittsburgh
UPI
Bob R. Dorsey
Gulf Oi Corp
Venezuela
Equador
Gulf
Dorsey
Carlos Andres Perez
PDT
Equadorian
Perez
Caracas
el Nacional
U.S
AMC reports first quarter record loss of 47 million
Detroit AP reports American Motors Corp. posted a first quarter loss of 47.9 million dollars, or 1.60 a share, driven by weak sales, higher costs, rebates, and Pacer launch. Despite the deficit, AMC expects a profit in the fiscal year's second half amid ailing industry conditions across GM, Chrysler, and Ford.
MENTIONED IN THIS ARTICLE
AMC
Detroit
American Motors Corp
Roy D. Chapin Jr
Chapin
Chrysler Corp
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