Bribe probe widens to 25 defense contractors
The SEC expands its inquiry to the 25 largest U.S. defense contractors over possible improper payments at home and abroad. Chairman Ray Garrett orders funding staff to speed the probe, prompted by Sen. William Proxmire’s bipartisan push. Names include General Dynamics, Lockheed, McDonnell Douglas, United Aircraft, General Electric, Boeing, Northrop, and IBM among others.
MENTIONED IN THIS ARTICLE
Washington
Securities and Exchange Commission
SEC
Ray Garrett Jr
Division of Corporation Finance
William Proxmire
Dwis
Senate Banking Committee
United States
Proxmire
Northrop Corp
Northrop
Department of Defense
Senate
Gulf Oil Co
Kaufman
U.S
General Dynamics Corp
Lockheed Aircraft Corp
McDonnell Douglas Corp
United Aircraft Corp
General Electric Corp
Boeing Co
Litton Industries Inc
Hughes Aircraft Co
Rockwell International Corp
Raytheon Co
American Telephone and Telegraph Co
Grumman Corp
Westinghouse Electric Corp
Textron Inc
Chrysler Corp
Sperry Rand Corp
FMC Corp
Exxon Corp
General Motors Corp
Honeywell Inc
LTV Corp
Standard Oil Co. of California
Tenneco Inc
International Business Machines Co
Turkey demands talks on American bases in Turkey
Ankara demands U.S. begin negotiations within 30 days on the status of 20 American military installations in Turkey including three intelligence bases and Incirlik air base. If talks do not start, Turkey will implement actions against U.S. interests and consider the gradual shutdown of bases amid Cyprus tensions.
MENTIONED IN THIS ARTICLE
Ankara
Turkey
United States
U.S
Ihsan Sabri Caglayangil
Ing
Demirel
Security Council
Incirlik
Washington
House of Representatives
Cyprus
Suburban woman rockets penny retrieval effort in Chicago area
A Chicago suburb woman deposited 250000 pennies weighing under a ton at Old Orchard Bank in Skokie, storing 2800 dollars in pennies since last year amid copper price shifts. Another resident turned in 100000 pennies. Mint aims for 30 billion pennies with a potential $225 million minting cost.
MENTIONED IN THIS ARTICLE
Chicago
U.S. Mint
Old Orchard Bank
Skokis
Mint
Orchard Bank
George C. Podd
Mary 7. Brooks
Marianas voters back commonwealth status with US
In Saipan the Northern Marianas plebiscite passed with 3024 to 928 votes, about 85 percent turnout. Congress will decide on a status similar to Puerto Rico, marking the first new US territory since 1917. The district comprises part of the Trust Territory of the Pacific Islands. others seek looser ties.
MENTIONED IN THIS ARTICLE
Saipan
Northern Marianas Islands
United States
U.S
Pacific Island
Puerto Rico
Ford bullish on economy and inflation curbs
President Ford told a National Federation of Independent Business gathering that the worst recession since the 1930s is ending and growth with low inflation will come. He credited small business optimism, rising consumer confidence, and 2.2 percent May retail gains along with higher leading indicators. He also touted cutting federal red tape and outlined a tough new crime control bill and a veto of a costly housing measure amid ongoing recovery signals.
MENTIONED IN THIS ARTICLE
Washington
Ford
National Federation of Independent Business Conference
Federation
Commerce Department
Senate
GOP
Hugh
House
Jonn Rhodes
Arizona
Rhodes
Treasury
William E. Simon
Federal Reserve Board
Sulfuric acid tank explodes in Lyons killing plant worker
A tank with more than 10,000 gallons of sulfuric acid exploded near Lyons injuring no others, killing Carl Allen, 22, of Clyde. The blast sent ammonia fumes over the area and a lime neutralized haze later dissipated. Fire crews recovered Allen’s body after midnight and four nearby workers escaped unharmed.
MENTIONED IN THIS ARTICLE
Sheriff's Office
West German President Scheel urges strong U S ties in Congress
West German President Walter Scheel told a joint session of Congress that recent world events strengthen European American solidarity. He called for long term cooperation marked by candor and mutual trust and praised U S reconstruction aid and democratic ideals amid Indochina references.
MENTIONED IN THIS ARTICLE
Washington
UPI
Walter Scheel
Europe
Scheel
Germany
Weather Update Forecast Showers Possible Tonight and Tomorrow
Increasing cloudiness today with a 30 percent chance of rain tonight rising to 60 percent tomorrow. Hancock Field reports low near 60 tonight and a high around 85 tomorrow with humid conditions.
MENTIONED IN THIS ARTICLE
National Weather Service
Hancock Field
Ford backs Rockefeller amid veiled bid for 1976 ticket
President Ford endorses Nelson Rockefeller while signaling no official nomination. White House aides kept a Rockefeller defense ready for nearly a week as Barry Goldwater floated Rockefeller for Secretary of State. Ford insists delegates will choose, and says the team could still stay intact for a full term.
MENTIONED IN THIS ARTICLE
Washington
Ford
Nelson Rockefeller
White House
Ronald H.nessen
Barry Goldwater
Arizona
Rockefeller
Nessen
Ning
Nelsen
Also Mentioned on This Page
Korea
Richard Kaufman
Congressional Joint Economic Committee
Nixon
Shelly Moore
Snohomish, Wash
Lawrence Durops
Bothell
Peace Arch
U.s.-Canadian
Blain
Wash
Valley Forge
Alderwood
National Security Council
Suleyman Demirel
Marianas
U.S. Trust Territory
Pacific Islands
Rhode Island
Scott
Pennsylvania
Gertrude Shilling
London
Lyons
Sylvia Porter
Earl Wilson
Congress
Indochina
Vietnam
South Vietnam
Rocky
Henry Kisssinger
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