SEC Probes Defense Deals For Payments
Senate Banking Committee chair William Proxmire calls for SEC review of defense contractor records to detect unusual payments and possible slush funds over the past five years. The probe follows reports of bribes and improper campaign contributions tied to overseas business, including Northrop's 1974 contracts and Saudi jet sales.
MENTIONED IN THIS ARTICLE
Ber
Samaliain
William Proxmire
Dwis
Senate Banking Committee
United States
Proxmire
SEC
Defense
Northrop
Heathianes
Deceia
Senate
Sullal Co
King
Korea
Richard Kaufman
Congress Joint Economic Committee
U .S
Dent Nixon
Gas firms ordered to reveal reserve records in congress probe
A House Commerce subcommittee subpoenaed seven major natural gas producers to disclose confidential reserve data to probe potential underreporting. The FTC found AGA figures 24 percent lower than company records in one sample. Subpoenas seek offshore Louisiana field estimates. contempt action possible if records not produced.
MENTIONED IN THIS ARTICLE
Washington
The
Power Commission
John E. Moss
D-Calif
House Commerce Committee
Subcommittee On Oversight and Investigations
Federal Trade Commission
American Gas Association
FTC
AGA
FPC
James M. Collins
Texas
Standard Oil of
California
Xon
Mobile Corp
Shell Oil Co
Standard Oil of Indiana
Tenneco
Texaco Inc
Moss
Congress approves higher veterans benefit increases
The House passed 389 to 0 a bill expanding disability and survivor benefits for veterans, contrary to President Ford’s proposal to limit increases. The measure would lift basic compensation by 6 to 10 percent, raise dependents allowances by 10 percent, and increase widows and children payments by about 9.4 to 11.3 percent. The bill totals roughly 394.8 million for the coming fiscal year with a transition cost.
MENTIONED IN THIS ARTICLE
E Ashington
Ford
Congress
House
Senate
Veterans Affairs Committee
Veterans Administration
FTC outlines reasonable time standard in new warranty rules
The Federal Trade Commission explains that under the Magnuson Moss Act, warranties after July 4 must be clearly full or limited. A full warranty requires repair or replacement within a reasonable time or a full refund, with coverage extending to consumer goods and certain fixtures.
MENTIONED IN THIS ARTICLE
Jashington
Federal Trade Commission
FTC
Magnuson-Moss
Ads on abortion and pharmacy ads test First Amendment
The court ruled abortion ads may be protected advertising for public debate while examiner cases on pharmacy price ads proceed next fall. It also held antitrust bars on attorney fee schedules illegal and upheld a Florida robbery conviction amid publicity. Justices Rehnquist and White dissented in the abortion ruling.
MENTIONED IN THIS ARTICLE
Virginia
Alan B. Morrison
Public Citizen
William H. Rehnquist
Byron R. White
Dial a Ride Programs Struggle With Costs Across U S
High costs threaten Dial-a-Ride transit programs as cities like Minneapolis and San Jose report deficits. Minneapolis started Feb 3 with 190 000 dollars in subsidies for nine months but expects a 198 000 dollar cost with only 15 000 dollars in revenue. San Jose ended its program Mar 5 1975 after 7 000 weekly requests and taxi-compensation disputes.
MENTIONED IN THIS ARTICLE
Sam Jacobs
Minneapolis Minn
Jacobs
San Jose
Calif
Santa Clara County
Department of Transportation
Flint
Mich
Fort Wal
Also Mentioned on This Page
Louisiana
Veteran Aid Ltd
Qeanm
Bo Therm
Trimm Leese
USDA
U.S.D.A. Choice
Rs Ene
Usda Choice
Deimonicos
Beece
Wbs
W. Dale Nelson
New York
Potentia Ue
Bar Associations
A Bar Association
Upheild
Florida
Jack ‘Murph the
Surf
Murphy
U.S. Department of Transportation
Department
Associated Press
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