Word: newports
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...Virginia's Newport News Shipbuilding & Dry Dock Co. had done repair work on seven nuclear-powered attack submarines. The GAO agreed with Rickover that the company's profits had reached as high as 37% on one job and averaged 21.7% for all seven...
...financial supermarkets, meanwhile, have been eyeing thrifts as possible additions to their growing line of services. Merrill Lynch and Shearson/ American Express are each in the process of buying a thrift. Stockholders of Newport Balboa Savings Association (assets: $65.2 million) in Southern California are selling the S and L to ITT Financial Corp. for $13.5 million, or $65 a share. The deal, which is subject to regulatory approval, would be a bonanza for Newport Balboa owners, who paid $12.50 a share when the stock was first issued...
...28th of that month that the above-mentioned stalwarts, along with eleven other skippers, frisked away into the whitecaps off Newport, R.I., in the first singlehanded round-the-world sailing race to begin and end in the U.S. At 7:11 a.m. on May 9, or 159 days 2 hr. 26 min. after the starting gun (not counting the weeks of layovers between legs), the first of the solo sailors came home from the sea. Only ten had remained in the race, battering their way through more than 27,000 nautical miles of doldrums and depressions, reefs, icebergs and storms...
...idled across the finish line the day after his 31st birthday. At the start of the race, Jeantot was unknown to the racing world, though he had made four single-handed Atlantic crossings. Yet on the first of the race's four legs, the 7,100-miles from Newport to Cape Town, he piled up a one-week, 1,500-mile lead over his nearest competitor. That was the way it went, around the world; across the southern reaches of the Indian Ocean to Sydney, Australia; through the roaring forties and raging fifties of the southern ocean to Cape...
DIED. Dolores Del Rio, 78, enduringly beautiful Mexican movie actress; in Newport Beach, Calif. Even in the silent era she tended to be typecast in such films as Ramona (1928) and The Loves of Carmen (1927); after sound, her accent limited her still further, though she starred in Flying Down to Rio (1933) and Madame Du Barry (1934). Finally sick of the Hollywood yoke, she returned to Mexico and helped establish the country's movie industry, notably with Maria Candelaria...