Wise steps in retirement invest and refund annuity advice
An 83-year-old widow asks about buying a $10,000 refund annuity for $100 monthly life income with remainder to heirs. Expert says yes, refund annuity can provide lifetime support and any unused portion returns to heirs, given her Social Security and $28,000 savings. The investor should drop United Asbestos, keep Greyhound, and note Riddle Air Lines now Airlift International has deficits and low earnings.
MENTIONED IN THIS ARTICLE
Continental Baking
Pepsi Cola
Beneficial Finance
Greyhound
United Asbestos
Riddle Air Lines
Riddle
Airlift International
TCA
Import car sales slide in 1965 forecast revisions
British Motor Corp extends its grip on the import market with MG and Austin Healey models, while Renault tumbles to seventh. West Coast weakness drives April registrations down and delay persists into May, as execs attribute the dip to the excise tax and temporary market caution.
MENTIONED IN THIS ARTICLE
Ber
Volkswagen
Renault
British Motor Corp
Austin- Healey
Austin Healey
Graham W. Whitehead
BMC
West
Pennsy Buys Arvida 51 Percent Stake in Florida Developer
Pennsylvania Railroad announced it acquired 51 percent of Arvida Corp., Florida land and home developer, for 183 million dollars. The move follows a prior takeover of a large Dallas Fort Worth land developer. The report notes broader auto industry trends, import car performance, and market shares with Volkswagen leading imports and Mustang cited as a factor shaping 1965 expectations.
MENTIONED IN THIS ARTICLE
Philadelphia
Pennsylvania Railroad
Arvida Corp
Florida Land and Home
Pennsy
Dallas-Ft. Worth
Standard Oil patents plant nutrient runway deicer
Scientists at Standard Oil Co Ohio have received a patent for a chemical deicer derived entirely from plant nutrients. Dr Norman Standish and Gordon Gross of Sohio lead the patent. The non corrosive agent works at lower temperatures and is under extensive testing at US Air Force bases in the United States Canada and Europe. Salt is avoided due to aircraft corrosion.
MENTIONED IN THIS ARTICLE
Cleveland
UPI
Standard Oil Co
Ohio
Norman Standish
Gordon Gross
Sohio
US Air Force
United States
Canada
Europe
Drought studies expand as federal funds rise
Interior Secretary Stewart L Udall reports more than 100 investigations into Northeast drought water problems have begun since July 1. Most studies are led by universities with federal support and involve over 1 million dollars in federal funds.
MENTIONED IN THIS ARTICLE
Washington
UPS
Stewart L Udall
Northeast
Udall
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