GE barred from new Pentagon contracts indefinitely
GE, hit with a criminal fraud indictment and a demand to return about 268 million in profits, was barred indefinitely from new Pentagon contracts. Air Force Secretary Verne Orr said the suspension applies to all defense work and urged GE to voluntarily refund roughly 168 million in alleged unreasonable profits from 1978 to 1983. GE disputes the auditors findings and says improvements since 1980 aim to lift the suspension promptly.
MENTIONED IN THIS ARTICLE
Washington
General Electric Co
Air Force
Verne Orr
Han’ Agency
Orr
Pentagon
Pratt & Whitey
United Technologies Ef
United Technologies Dis
Ort
Soviet Recon Missions Probe West Germany More than 2,400 last year
West German and allied officials say Soviet military scouts conducted 2,477 intelligence sorties into West Germany last year, with 98 caught in restricted areas. The incident at Ludwigslust left U.S. Maj. Arthur Nicholson dead while photographing military gear, prompting memorials in West Berlin and Arlington burial plans.
MENTIONED IN THIS ARTICLE
BOM
West Germany
Ludwigslust
Bild
Ludwiglust
East Germany
Arthur Nicholson
United States
Nicholson
Arlington National Cemetery
U.S
West Berlin
Potsdam
Secret Service
Britain
France
Bundeswehr
Budget UK paves way for tax cut in New York
Governor Mario Cuomo and lawmakers agreed to extend four expiring taxes to support a $550 million personal income tax cut, a $100 million motor vehicle fee reduction, and a $70 million local telephone tax cut. The move clears the way for the state budget and a $38.8 million package.
MENTIONED IN THIS ARTICLE
Albany
Mario Cuomo
Cuomo Budget Sees 8 Percent Spending Rise Despite Negotiations
Cuomo wins victory on a full billion dollar budget for the new fiscal year beginning Monday. Senate Majority Leader Warren Anderson signals likely support for an 8 to 10 percent increase in welfare benefits, with school aid and revenue sharing still to be negotiated as Assembly Speaker Stanley Fink notes remaining work. Cuomo says the logjam is broken and further talks should move quickly.
MENTIONED IN THIS ARTICLE
Senate
Warren Anderson
Binghamton
Assembly
Stanley Fink
Brooklyn
Cuomo
Furor over Japan Senate calls for retaliation over exports
Washington reports an irate Senate unanimously passed a non binding resolution urging the president to retaliate against Japan over what lawmakers call unfair trade practices. The measure expresses frustration at Japan's market access while US imports flood in. Senate Majority Leader warns of a growing protectionist stance.
MENTIONED IN THIS ARTICLE
Washington
Senate
Japan
Congress
United States
Prices fall rise as Dole cites Senate action on trade
AIC Leader Robert Dole of Kansas notes Senate action after Japan pledges a 25 percent increase in auto exports to the United States starting Monday. A government report shows the United States posted an $11.4 billion February foreign trade deficit, the widest since September, with Japan accounting for $4.2 billion of the shortfall, up from $3.7 billion in January.
MENTIONED IN THIS ARTICLE
Robert Dole
Kansas
Senate
Japan
United States
Wrestlemania sparks TV versus theater ticket clash
Cable viewers and Landmark Theatre patrons clash over the body slam event of Wrestlemania priced at 15 thousand dollars. Fans who bought theater tickets face no refunds as 1000 call about viewing at home while promoters push the closed circuit spectacle hosted by Landmark Theatre. Wrestler Mike Rotundo joins Andre the Giant versus John Studd for a $15,000 prize. Landmark manager Ron Squires calls Wrestlemania a cultural event and predicts mixed attendance as cable viewership grows.
MENTIONED IN THIS ARTICLE
Landmark
Newchannels Cable TV
Andrew Migolian
Newchannels
Ble
Rowdy Roddy Piper
Hulk Hogan
Paul Orndorff
Mike Rotundo
Andre the Giant
John Studd
Danny Jones
World Wrestling Federation
Landmark Theatre
Ron Squires
Squires
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Journal
Tspace
Avionics and Electronics Systems Con
Syracuse
Military Electronic Systems Operations
Defense Department
MESO
Navy
Philadelphia
Mike Greefiar
Sid Hill
Onondaga
Budget UK
Chicago Tribune
AIC
Ance
Jame
Pe Bt Ci
Gary.Gerew
Bert Farrell
Warners
Farrell
Mohammed Ali
Madison Square Garden
New York Yankees
Billy Martin
Liberace
Cial Tirmeneeper
Syracuse Univ
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