Costs rise faster than revenues at Alcoa says chairman
WASHINGTON D C Aluminum Company of America reports costs rising far faster than revenues as W H Krome George chairman and CEO testifies to the Council on Wage and Price Stability He cites cost escalations since May 1970 across inputs and notes aluminum ingot prices rose only 41 percent while input costs jumped 81 to 230 percent Alcoa argues prices must rise to stay healthy and fund capital needs, while detailing cost-reduction efforts and layoffs.
MENTIONED IN THIS ARTICLE
Washington, D.C
Aluminum Company of America
W.H. Krome George
Council On
Alcoa
George
Cost of Living Council
Willians
Indian MPs Walk Out Over Emergency Crack Down
Opposition legislators left the Lok Sabha in protest as Indira Gandhi’s emergency rule received 336 votes to 59 in approving the June 26 proclamation abolishing civil liberties. Similar walkouts occurred in the Rajya Sabha with overwhelming support, followed by vows to boycott the session.
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New Delhi
India
Indira Gandhi
Mrs. Gandhi
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