Mead Posts Decline in Earnings Amid Costs and Slower Sales
Mead Corp reported 1970 earnings of 19.9 million on sales of 1.038 billion, down from 35.9 million in 1969 as charges for shutting seven older paper machines and an iron ore mine weighed on results. CEO James W. McSwiney cited non recurring credits and higher pulp costs, with a new 600 ton per day pulp mill under construction at Escanaba, aiming to self supply pulp by 1972.
MENTIONED IN THIS ARTICLE
James W. McSwiney
Meads
Mead
McSwiney
Publishing Papers
Escanaba
Mich
Mead Paners
Mercury tests show tuna safer but swordfish concerns rise
FDA reports tuna mercury risk lower than feared with 3.6 percent over 0.5 ppm during six weeks testing. About 15 million cans recalled or pulled. swordfish shows high contamination with 87 percent exceeding guidelines, prompting shipment holds and potential seizures. Expanded checks include 19 other fish varieties and frozen and processed forms.
MENTIONED IN THIS ARTICLE
Washington
Food and Drug Administration
FDA
Charles C. Edwards
United States
Lockheed Considers Alternate Engine For Tristar Amid Rolls-Royce Crisis
Lockheed officials said the company may switch the Tristar to a non Rolls Royce RB211 engine after Rolls-Royce entered receivership. Chairman Daniel Haughton noted possible delays and higher costs, with 180 orders still on the books while Boeing and McDonnell Douglas press their jumbo jets to market.
MENTIONED IN THIS ARTICLE
Burbank
Calif
Lockheed Aircraft Corp
Rolls.Royce
Daniel J. Haughton
Lockheed
Rolls-Royce
Haughton
Nue
Rolle-Royce
Eastern Airlines
Rolls
McDonnell-Douglas
Donnell
Boeing Aircraft Co
General Electric
Pratt & Whitney
United Aircraft
Most Rail Workers May Yet Strike
In Washington AP report unions representing rail workers reached tentative terms with some groups but most railroad employees may strike in March. The signalmen set a March 5 deadline for action while other unions face government intervention pressure. C J Chamberlain notes a 54 percent wage and skill raise request as part of talks.
MENTIONED IN THIS ARTICLE
Signalmen
Gov
C.J. Chamberlain
The
Brotherhood of Railroad Signalmen
Union
Chamberlain
Also Mentioned on This Page
Beagle
Milton F. Baiser
Little Rock
Ark
Reveille
Baiser
Dayton
Mead Senate
Young Moderns
Userebe
Spencer Jewelry
Central Avenu
Oscar Wilde
Oscar Fingall
Lahertie Wills
BankAmericard
Internal Revenue Service
BankAmericard It
Ray
Ays As
Our Bank
Nic
Barnitz Bank
Lone Sraolwa CE
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