U S to probe profit rule compliance of 1000 firms
The Cost of Living Council announced an IRS led inquiry into more than 1,000 companies with under 50 million in yearly revenue to test compliance with profit margin rules. New Phase 2 sanctions were reaffirmed and Phase 3 actions included blocking part of a wage contract for North Central Airlines and IAM. Northwestern details indicate small grocers under 100,000 annual sales exempt from meat price ceilings though most neighborhood grocers remain covered. Reports on Phase 2 profits must be filed for fiscal years ending during Phase 2.
MENTIONED IN THIS ARTICLE
Washington
UP1
Cost of Living Council
Council
John T. Dunlop
Internal Revenue Service
Dunlop
Nixon
North Central Airlines
International Association of Machinists
Panel OKs ban on little cigar TV ads
The Senate Commerce Committee voted unanimously to ban television advertising of little cigars. The action sends the bill to the Senate floor as Consolidated Cigar Corp. signals plans to proceed with ads, while sponsor Sen. Moss notes a six month timeline for possible enactment and an anticipated competitive edge for his firm.
MENTIONED IN THIS ARTICLE
Washington
Senate Commerce Committee
Senate
W. Kelley
Consolidated Cigar Corp
Frank E. Moss
Dutah
Consolidated Cigar
Congress
Moss
Amana Sues over Microwave Safety Questions
Amana Refrigeration filed a FTC complaint against Consumers Union and Eco Metrics after Consumer Reports questioned microwave oven safety. Dr James Van Aielen spoke at a press conference, defending the Amana Radarange as safe, noting the device's 1967 introduction and his willingness to sit atop it for a year.
MENTIONED IN THIS ARTICLE
Amana
Iowa
Amana Refrigeration, the
Federal Trade Commission
Consumers Union
Consumer Reports
Eco Metrics
California
James van Ailen
Amanda
Council Action Planned After Review
Officials say the council will determine next steps after review and determine remedial actions where needed.
Also Mentioned on This Page
O Sole
New York
Rockefeller Center
New York City
Rae
Enantyarn
U.S
Dea
the Treasury
Che Treasury
Granada Mills
Chatsworth
Slitorranee
Sepulveda
Hawthorne
Woodland Hills
Victory
Lakewood Carson St
Paramount
Raverside
Tyler SL
Irvena Park Beach
Orangethorpt
Santa Ana
Bristol St
Forange
Garden Grove
Manchester
Oman
Dai
Chatsworth St
Woodland Humls
Victory Biv
Bristol
Torrance
Pace Ledcott
Federal Savings OF
Long Beach
Ocean Ave
Ieee
Carson St
Paramount Blvd
Buena Park
Boich
Rangethorpe
Orange Garden
Avid
Mane
This is just the beginning! Our collection holds over 300 years of history, including rare newspapers, obituaries, marriage records, birth records, and so much more—most of which you won’t find anywhere else!