AT&T reports 1981 earnings rise amid antitrust settlement
AT&T posted 1981 earnings of 6.89 billion dollars, up 13.7 percent, with per share profit of 8.59 dollars. Revenue reached 58.2 billion, while the company negotiates a government settlement to spin off 122 operating units and form a new “Baby Bell” to focus on equipment, long distance, and services. Brown notes modest overall business growth and specific gains in WATS and conventional long distance.
MENTIONED IN THIS ARTICLE
New York
American Telephone & Telegraph Co
Bell System
Charles L. Brown
At&t
Washington
Bell Telephone Laboratories Inc
Western Electric Co
International
Baby Bell
Brown
WATS
US Treasury
Treasury
Klan bomb plot figures receive prison, probation
In Nashville Tennessee on Tuesday U S District Judge Thomas Wiseman sentenced Charles Boyer 31 of Madison to six years in prison for his role in a Ku Klux Klan plot to bomb The Temple WSMV TV tower and Jewish pawn shops. David Garrett 31 received three years probation. Co defendant William C Foutch 48 Gladys Girgenti 51 and Bobby Joe Norton 32 were convicted of conspiracy and attempting to destroy a building with explosives. Girgenti 51 and Norton 32 were also convicted of transporting stolen dynamite and Girgenti was sentenced to 15 years in prison Norton to five years. Foutch 48 received five years probation and 500 hours of community service.
MENTIONED IN THIS ARTICLE
Nashville
Tenn
U.S
Thomas Wiseman
Charles Boyer
Madison
Wiseman
David Garrett
Boyer
Garrett
Wsmv-Tv
William C. Foutch
Gladys Girgenti
Bobby Joe Norton
Girgenti
Norton
Foutch
American Nazi Party
Auto production hits 35 year low in January
U S car output plunged to 279832 cars in January, a 38.5 percent drop from 435309 a year earlier and the lowest January total in 45 years. GM built 191061, Ford 40832, Chrysler 36905, AMC 3979, VW 7095, with declines across all major makers.
MENTIONED IN THIS ARTICLE
Detroit
United States
Motor Vehicles Manufacturers Association
U.S
General Motors Corp
Ford Motor Co
Chrysler Corp
American Motors Corp
Volkswagen of America
Dustry Trade Group
Commerce Department
Department of Housing and Urban Development
F.W. Dodge
McGraw-Hill Information Systems Co
Portland jet port renamed for Edmund Muskie amid protest
Portland officials renamed the airport to honor former secretary of state Edmund Muskie. Eight of nine councilors supported the move, but a TV poll sparked heavy opposition with 3,576 against and 2,614 for. Three councilors initially opposed before backing the renaming. one remained against after a bid to delay failed.
MENTIONED IN THIS ARTICLE
Portland, Maine
Portland International Jetport
Edmund Muskie
Linda Abramson
Muskie
Portland
Harold Loring
U.S
Carter
Washington
Northeast Kansas Weather Forecast Update
A forecast covers scattered snow flurries through Friday with cold nights. Temperatures dip to near 5 by night, highs around 7, and northwest winds 10 to 15 mph. Clinton Lake shows ice at 100 percent and level at 877.12 ft while city readings report a high of 30 and low of 21 today.
MENTIONED IN THIS ARTICLE
Kansas
Clinton Lake
The
Associated Press
Juneau
Kans City
Las Vegas
la Pre
Little Rock
Albany
Los Angeles
Albuque
Louisville
Amarillo
Memphis
Anchorage
Miami
Asheville
Milwaukee
Atlanta
Mols-St.p
Nashville
Cdy
Phoenix
Charlsta WV
Rm Pittsburgh
Cheyenne
Ptland, Me
Ptland
Ore
Chicago
Cincinnati
Rapid City
Cleveland
Reno
Edy Columbus
Richmond
Dal-Ft
Edy
Indnanlis
Wichita
Treasury secretary says economy will roar back in late spring
Treasury Secretary Donald Regan predicts a revival in the economy despite higher interest rates and mixed signals from manufacturing and housing. He calls the recent prime rate rise a temporary phenomenon likely to wash out in four to six weeks.
MENTIONED IN THIS ARTICLE
Treasury
Donald Regan
Regan
National Press Club
Projectile hits Bush limousine in quiet D C incident
In Washington the Bush vice presidential limo was struck by a clay and cement projectile from a nearby construction site. No injuries occurred. authorities ruled no assault. FBI crime lab and Secret Service investigated as traffic and security disruptions spread through downtown.
MENTIONED IN THIS ARTICLE
Bush
FBI
Secret Service
Metropolitan Police Department
James Boyle
Mobil abandons bid for U.S. Steel stake in Marathon endgame
Mobil Corp moves to drop its plan to acquire up to 25 percent of U.S. Steel after Marathon Oil’s takeover victory. The company notified the FTC and stated it will shut the bid down. U.S. Steel welcomed the decision as it had criticized Mobil’s intentions.
MENTIONED IN THIS ARTICLE
New York
Mobil Corp
U.S. Steel Corp
Marathon Oil Co
Mobil
Federal Trade Commission
FTC
John Flint
U.S. Steel
Pittsburgh
Marathon
No big advance seen for wheat in outlook
Agriculture Department analysts expect wheat prices to rebound slightly in winter and spring but stay well below year ago levels. They cite producer participation in the farm program to cut the 1982 crop and harvests abroad as key factors. For the first five months of the current marketing year the average price was 3.66 a bushel despite strong demand.
MENTIONED IN THIS ARTICLE
Washington
Agriculture Department
U.S
School board wary of federal cuts to Title I funds
Washington AP reporting that school board members told a House hearing cuts in federal education money would hurt students from poor families and those with learning difficulties. Reagan administration proposals reportedly seek 1.5 to 1.9 billion in Title I cuts, risking fewer math and reading programs and reduced meals in the national school lunch program.
MENTIONED IN THIS ARTICLE
Washington
Flint
Mich
Daniel T. Kildee
Flint Board of Education
Kildee
House Education and Labor Committee
Terry McHenry
Oak Grove
San Jose
Calif
Also Mentioned on This Page
Muskie International
Journal-World Temperatures
Levy
Steven P. Rosenfeld
Motor Vehicles Manufacturers Association, An In
George Bush
L Street
22Nd Street
21St Street
Jack Warner
Eastman Kodak Company
Lawrence Memorial Hospital
LMH Stork Club
LMH
Stork Club
SMH Stork Club
Maine
Lawrence
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