Banks Trim Prime Rate To 9 Percent
Bank of America and First National City Bank cut their prime lending rate by a quarter point to 9 percent. Morgan Guaranty Trust and Michigan National Bank had already reduced their loan rate to 8 3/4 percent for top creditworthy business borrowers.
MENTIONED IN THIS ARTICLE
NEW York
Bank of America
First National City Bank
Morgan Guaranty Trust Co
Michigan National Bank
White House
Ron Nessen
Ford
Detroit
Ford Motor Co
Arthur F. Burns
Federal Reserve Board
End of Year Forecast Revisions Hit Economic Outlook
In Addis Ababa and Asmara tension rises as Eritrean rebels attack Ethiopian bases. U.S. personnel report safety, with talks of closing the station and evacuations underway. Economic forecasts shift to a late year upturn, with GNP to grow in Q4 and unemployment at 8.2 percent in January amid oil embargo impacts and bank rate adjustments.
MENTIONED IN THIS ARTICLE
Addis Ababa
Ethiopia
U.S
Asmara
Ziegler reports Nixon has no comeback plan
New York AP Ronald H. Ziegler says former President Richard Nixon is not planning a comeback. He notes Nixon regrets Watergate and faced errors but remains engaged in public life only through past roles and reflections. Colson claims Nixon doubted Kissinger stability, which Ziegler disputes.
MENTIONED IN THIS ARTICLE
New York
White House
Ronald H. Ziegler
Richard M. Nixon
Ziegler
Robert Pierpoint
CBS Evening News
Time Magazine
Nixon
China
Charles W. Colson
Henry Kissinger
Colson
Ford
Kissinger
McIntosh Elected Director at A P Green Refractories Board
Robert E. McIntosh, vice president and general manager of A P Green Refractories Co, was elected a director at the quarterly board meeting in Chicago. Other directors include Harry M. Stover, J W Swatek, William Lowe, and J J Offutt. McIntosh, named VP and GM in November with full U S and export sales and manufacturing duties, had been elected VP in 1971.
MENTIONED IN THIS ARTICLE
Robert E. McIntosh
A. P. Green Refractories Co
Board of Directors
Chicago
Harry M. Stover
A. P. Green
J. W. Swatek
William 5. Lowe
J. J. Offutt
Green
Congressman Tries To Return Part Of Salary-But Can't
Washington AP A South Dakota congressman sought to return 10 percent of his salary, $4 250, to taxpayers but the government would not accept it. Rep Larry Pressler instead sent $354 to South Dakota. the state treasurer will deposit it in the general fund. Pressler, who pledged to set an anti inflationary example, notes the House sergeant at arms refused the money citing a 50 year old ruling. He has introduced a bill to allow voluntary salary refunds by federal employees.
MENTIONED IN THIS ARTICLE
Washington
South Dakota
Larry Pressler
Pressle
David Volk
State General Fund
Pressler
House
Comptroller General
Congress
CIA Book Loses Ruling
An appeals court granted the CIA the right to suppress classified material in The CIA the Cult of Intelligence, overturning a lower court ruling. The Fourth Circuit remanded to retry under revised standards, finding the government’s burden less stringent and upholding most deletions while discarding Bryan’s stricter test.
MENTIONED IN THIS ARTICLE
Washington
CIA
Fourth
U.S. Circuit Court of Appeals
Victor J. Marchetti
John D. Marks
U.S
Albert V. Bryan Jr
Alexandria
Bryan
Appeals Court
Clark Street Bridge Set for Repairs and Bids
The city will publish bids Monday for repairs to the 70 year old Clark Street Bridge. Bids open March 11 for sidewalk, handrail, expansion bearing and street surface replacements, plus cleaning and painting of iron trusses. The R W Booker and Associates report found limited deterioration but recommended replacements and maintenance.
MENTIONED IN THIS ARTICLE
Clark Street
R.W. Booker
Wabash and Gulf Mobile and Ohio
US Denies Viet Aid Violates Paris Pact
Washington reports that the State Department and Pentagon deny any breach of the Paris peace accord by sending uniformed airmen to South Vietnam to direct an emergency resupply drive. 17 Air Force enlisted men were flown from the Philippines to Saigon to assist after South Vietnam Air Force planes were grounded for maintenance and parts shortages.
MENTIONED IN THIS ARTICLE
Washington
State Department
Pentagon
United States
U.S
Vietnam
South Vietnam
Air Force
Philippines
Saigon
William Beecher
Beecher
Robert Anderson
Duc Duc
da Nang
Oil Min Yamani Sees Some Decrease in Prices
Saudi Arabia's oil minister Ahmed Zaki Yamani said oil prices should ease and that a freeze on prices to September could extend beyond 1975. He hoped oil would not again be used as a political weapon while noting a $1012 a barrel price freeze last December and calling for a broader move away from price manipulation.
MENTIONED IN THIS ARTICLE
Associated Press
Saudi Arabia
Ahmed Zaki Yamani
Yamani
New Delhi
Organization of Petroleum Exporting Countries
Glavana
Also Mentioned on This Page
Haile Selassie
Eritrea
Addis
Deborah Michelle Boyle
Frank J. Boyle Jr
Route 6
Audrain Medical Center
Rose Bauer
Kansas City
Mae Boyle
Portland
Ore
Deanna Marie
Boyle
Commerce Bank
Treasury
William K. Simon
Simon
Associated Press Radio
Afl-Cio
George Meany
Dow Jones
Chase Manhattan Bank
American Petroleum Institute
Jones & Laughtin Steel Corp
Peter J. Brennan
Mars
Cub Scouts
Den 8
Hawthorne School
First Christian Church
The
Martians
Paul Brinkerhoff
Jeff Vich
Aaron Bacon
Dens
Chris Jones
Kevin Elliott
Jeff Snell
Kevin George
Ken George
Den
Ledger
Richard Vance
M’intosh On Green Co. Board
Clark St. Bridge
West
OPEC
Vienna
Paris
France
Henry A. Kissinger
We Bternatignal Db
Dakar
Senegal
Etienne Davignon
Bel
Urbino
Italy
Urbino Ducal Palace
Giovanni Spadolini
Senigallia
Piero Della Francesca
Veespbich Lie Mati
Gian
Energy Agency
Davignon
Charley J. Hall
Route 3
Hall
Kaiser Refractories Co
Martin Sanchez
Our Lady of Pilar Catholic Church
Santa Ana
Calif
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