Hostage talks stall Chrysler action
Treasury Secretary William Miller halted government action on Chrysler loan guarantees to focus on Iran hostage negotiations. The plan, tentatively approved, would convert about 500 million in loans to 3 cents on the dollar, with workers and creditors accepting concessions. A 15 day writt en approval period would follow if board backing obtains.
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Bethlehem Steel Plans 7 Percent Rise on Three Product Lines
Bethlehem Steel Corp will raise prices about 7 percent on steel plates, structural shapes, and piling, matching U S Steel's move. The increases take effect March 1 for plates and March 29 for the other products, following U S Steel's March 1 changes.
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Agreement reached on suit against AT T
Agreement reached on a concrete proposal to settle the massive antitrust suit aimed at breaking up AT T. The judge noted a tangible proposal but warned trial delays possible while awaiting the incoming administration's view. If no agreement by March 4, trial resumes with potential use of a consent decree as prima facie evidence in private suits.
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Change for better by Jeone Dix on Your Birthday Tomorrow
Horoscope style reads for Aries through Pisces with guidance on luck, career, romance, and health. Promises improved fortune, caution about risks, and emphasis on personal growth, relationships, and balancing work with lifestyle changes. Special notes mention Cary Grant and Danny Kaye as luminaries.
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