Britain joins European Market would mild affect US
Britain’s Commons vote supports joining the European Economic Community with entry in about 14 months after multilateral approvals. The move could boost American firms with Europe ties while modestly hurting those only in the United States. Tariffs may fall to the average 7 percent, but some sales could shift to Europe. American companies with European headquarters foresee a favorable impact, signaling stronger competition and bargaining power globally.
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Britain
America
House of Commons
Europe
Business Week
U.S
Heidrick
Chicago
Collie Hypo Becomes Local Legend at Amarillo Hospital
In Amarillo Texas Hypo the honey colored collie roamed Northwest Texas Hospital assisting nurses escorting them to their cars and guarding the nurses dormitory. After dogcatchers cornered him the city watched as authorities debated ownership and potential sleep options. Mrs Wilhite plans to adopt Hypo as the 72 hour window neared.
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Amarillo
Tex
Northwest Texas Hospital
Hypo
Sheriff's Office
J.C. Wilhite
Buckles
Wilhite
Chase Through 10 States Ends With Surrender
James L. Cochran who led a week long chase across 10 states and allegedly held 21 hostages surrendered quietly to the FBI in Lexington Kentucky. A decomposed body of Marilyn Oliver 21 was found near Leslie Missouri and authorities do not know her cause of death. None of the hostages were harmed.
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Lexington
James L. Cochran
FBI
Cochran
Missouri
Marilyn Oliver
Leslie
St. Louis
Cass Federal
Power Struggle Hinted in Red China Military
US intelligence analysts say signs point to an internal struggle within China where PLA chief of staff Huang Yungsheng Air Force commander Wu Fahsien and Navy political commissar Lee Tso Pang are said to have been purged or sent for re education. Reports rely on secret sources and remain unconfirmed as officials caution the situation is murky.
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Washington
Red China
Mainland China
Huang Yungsheng
Peoples’ Liberation Army
PLA
Red
Wu Fahsien
Navy
Lee Tso Pang
China
Diplomat predicts arrival of Red China delegation at UN
A Beijing friendly diplomat forecast Peking will send its first UN delegation late next week led by Deputy Foreign Minister Hsiao Kuan hua. About 12 persons, mostly from Peking with some from the Ottawa embassy, are named. The UN confirmed no reply yet from Chi Peng fei to Thant notices. The council could meet without a permanent member if needed.
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United Nations, N.Y
China
Peking
United Nations
Hsiao Kuan-hua
Ottawa
U.N
Chi Peng-fei
Red China
U Thant
Automakers Post Strong Q3 Profits Amid Recovery
Ford Motor Co reports a 16 percent rise in third quarter profit to 86 million, GM earns 217 million after a prior loss tied to a strike, and Chrysler nets 6.2 million, signaling a broader rebound in corporate profits for the Big Three.
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New York
Ford Motor Co
General Motors
Chrysler Corp
Corporate Profits Rise Across Major U.S. Firms
A survey of 632 nonfinancial corporations by New York's First National City Bank shows third quarter profits up 8 percent from a year earlier, matching the pace of 1970’s first half. Auto, building materials, textiles and rubber firms lead gains. steel faltered as customers cleared inventories and a strike was avoided. U.S. Steel posted a $10.5 million loss vs $33.6 million profit a year earlier, while Bethlehem Steel earned $6.6 million, down $7.77 million.
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New York
First National City Bank
Burnham & Co
Healy
U.S. Steel Corp
Bethlehem Steel
Commerce Minister Warns Catholics of Bankruptcy
Commerce Minister Roy Bradford warns that IRA violence could push Northern Ireland toward bankruptcy within weeks. The warning notes declining foreign investment, shrinking Belfast business, tourism decline since 1968, and projected banking losses of 60 million dollars through last year with 36 million more possible in 1971.
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Belfast
Northern Ireland
Roy Bradford
Irish Republican Army
Bradford
IRA
Ulster
Irish Republic
Northern
Ieland
Britain
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