Lockheed disputes steel overbilling charges
Lockheed Aircraft Corp says an audit of 28 000 purchase documents proves it did not bill the federal government for 10.2 million dollars worth of steel not used. Chairman Robert W Haack said the Renegotiation Board's charge was refuted by the audit.
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Market slides on tight credit signs
New York trading opened with weakness as the Dow Jones average slipped 2.52 points to 889.29 amid signs of Federal Reserve currency tightening. The NYSE composite index fell 54.44 to 1,230.54 and the American Stock Exchange index dropped to 120.24 as volume shrank by midday.
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