Word: corp
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Dates: during 1970-1979
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...nation's 4,700 national banks hold New York City bonds equal to 40% or more of their capital. Nine of them would probably become insolvent and have to merge with other banks, and 44 could get by with long-term loans from the Federal Deposit Insurance Corp. or the Federal Reserve System. Other Government studies found that 62 of the 9,964 state-chartered banks surveyed hold New York City obligations equal to 50% or more of their capital and would be kept afloat in the same manner as the national banks...
...suit was brought on behalf of 7,200 individuals and 1,000 groups on which the two agencies supposedly kept files, monitored calls and cables and opened mail. Among the defendants are four communications companies-RCA Global Communications, ITT World Communications, Western Union and American Cable and Radio Corp.-that allegedly cooperated with the agencies by helping them monitor communications. Of course it was the U.S. Government that persuaded the companies years ago to cooperate with the intelligence gathering, and, congressional staff members point out, the companies agreed as a matter of patriotic duty...
Died. Reuben H. Fleet, 88, aviation pioneer who in 1918 ran the Army's first airmail service between New York and Washington, and in 1923 founded the forerunner of Consolidated-Vultee Aircraft Corp., which built B-24 bombers used during World War II; of injuries from a fall; in San Diego...
Chairman Thomas A. Murphy foresees industrywide sales of 12.7 million cars and trucks during the 1976 model year, an increase of 21% over last year, despite average price increases on 1976 models that range from $178 to $268. In the rising market, prospects look good even for troubled Chrysler Corp., which last week reported a staggering $79 million loss for the third quarter. John Riccardo, Chrysler's chairman, predicts that the company will run in the black in the fourth quarter, paced by sales of its Cordoba, a mid-size Chrysler introduced last year, and its new Plymouth Volare...
...past year or so, the Camelback Inn in Scottsdale, Ariz., owned by Marriott Corp., has presented such menu items as New York-cut sirloin steak in three sizes (10 oz. for $9.75, 8 oz. for $8.25, 6 oz. for $6.75) and baked stuffed shrimp in two portions-six for $7.75, four for $5.50. A management study shows that 70% of the steak eaters among its customers have ordered the smaller cuts, and 65% of the shrimp fanciers have chosen the less hearty portion. Last summer Billy Martin's Carriage House in Washington, D.C., introduced smaller portions for smaller prices...