GAZETTE Based on the Indictment Returned Against G.E
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Today in the. BUSINESS WORLD (AP) -- The Air Force says it is temporarily suspending General Electric from obtaining any new contracts with the Defense Department. Air Force Secretary Vern Orr says the suspension is GAZETTE based on the indictment returned against G.E. by a federal grand jury in Philadelphia Tuesday. The panel charges G.E. with presenting false labor cost claims to the government in connection Guantanamo Bay, Cuba with contracts to build Minuteman missiles. (AP) -- The dollar fell against most currencies overseas, and the price of gold lost a dollar in New York to close at $326.80 an Vol. 40 - No. 61 U.S. Navy Friday, March 29, 1985) ounce. (UPI) - Uncertainty over the economy crippled a rally effort in the closing minutes yesterday and Wall Street dropped back at the close. The Dow Industrials lost 4.20 to 1,260.71 on very active PENTAGON SUSPENDS GENERAL trade of 99.7 million shares. Advances led declines 4-3. (UPI) -- A giant company $800,000 between 1980 and 1983 Congress begins considering the probably best known for its in building nuclear warhead fiscal 1986 defense budget plan. Closing Dow Jones Averages household appliances has been systems. The Pentagon is making moves to temporarily suspended from doing The Pentagon ordered G.E.'s cut waste and fraud, but 30 Industrials 1,260.71 Off #.20 usiness on future defense suspension effective yesterday. Congress is calling for cuts in 20 Transportation 600.09 Up 0.56 ntracts with the Pentagon. It is the first time in memory a defense spending. 15 Utilities 152.85 Up 1.19 The General Electric Company major defense contractor has G.E. says the suspension is 65 Stocks 512.86 Off 0.11 suspension stems from an been cut off from business with "highly unusual and indictment handed down this week the Pentagon, even for a short disproportionate to the issues (UPI) - San Francisco's Bank of America, the nation's largest, is in Philadelphia. It charges the period. under dispute. dropping interest rates on its adjustable rate mortgages to ten and firm defrauded the government of It comes at a time when three-eighths percent, the lowest since 1978. (UPI) - The Conference Board reports a small increase in its Rioters march on U.S. Embassy, three killed help-wanted advertising index last month, but its own analysts are not finding much room for encouragement. The index measures the (UPI) - The U.S. Embassy in the the U.S. Mission. Libya for inciting riots. Sudan volume of classified advertising in 51 major newspapers across the country. As such, it is considered to be sensitive to any changes .eastAfrican nation of Sudan is According to the Sudanese News says the sect is retaliating because 160 of its in both the demand for labor as well as general business under heavy police guard. Agency, at least five people leaders were arrested two conditions. Advertising volume for jobs fell in six of the nine This, after more than 2,000 have been killed and scores more weeks ago in regions measured. The west north central region had the largest rioters took to the streets in have been injured in three days connection with an attempted coup. decline at 12.8 percent. The south Atlantic had the best increase the capital of Khartoum of violence. At least 300 people of 9.7 percent. yesterday, looted shops, smashed have been arrested in the windows, and set fire to rioting triggered by price hikes businesses. on food, gasoline and other The crowd marched on to the basic commodities. Choir concert The Sudanese government blames U.S. Embassy gates. The State Singing themes from Department in Washington says a fundamentalist Moslem sect with close ties to Iran and musicals, TV shows and three people were killed outside movies, the Junior and Senior High School Choir entertained a group of Congress approves MX funds people during the Annual Spring Concert held $1.5 billion for 21 missiles Wednesday night at the (UPI) - Congressional opponents talks with the U.S. in Geneva. Elementary Amphitheater. of the MX missile say President Reagan says the vote shows (Photo by PH1 Glenn Davis) Reagan has won this time, but American resolve. they say the next round in the MX opponents say they will be MX battle will be hard fought. back again with vengeance. The instead of the 100 missiles the Reagan came out ahead in a issue is expected to come up president wants. inal House vote yesterday. The again in two or three months, Senator Sam Nunn of Georgia House voted 217-210 to when the House or Senate votes says the administration agreed appropriate $1.5 billion to to appropriate money for 48 in 1981 that it could get along build 21 MX missiles. Reagan additional missiles in fiscal with 40 or 50 of the missiles, also claimed victory in similar 1986. instead of 100. He says the votes last week in the Senate. Four Senate Democrats who White House has had plenty of He argued MX funding is needed helped Reagan this time around notice. to send a message to the say they will try to trim total Soviets, who are holding arms MX missile deployment to 40, AROUND THE GLOBE (AP) -- Earlier, rumors of a coup swept the (AP) -- The white minority government of South Honduran capital of Tegucigalpa, as they have Africa today imposed a three-month ban on frequently during the past six months. Last meetings by 29 anti-Apartheid organizations in 18 night, Suazo Cordova held an emergency cabinet areas after weeks of fierce black rioting that meeting. a government minister said the president has left scores dead. The government says the Band concert directed had discussed with his ministers the possibility ban, effective immediately, will run until June The Junior and Senior High Haxi Sanchez also of imposing a state of seige within the next few 30. The ban covers indoor meetings of the United School intermediate and pieces of the advanced band, its as well as Heather Barton, days. Democratic Front, the nation's largest advanced band held anti-Apartheid group, and 28 other organizations. Annual Concert last night at Jennifer Berger, Dione the Elementary Amphitheater. Salmon, Sherry Dickey and (UPI) - Secretary of State Shultz quoted from a Three of last night's pieces L a u r a H e a d of t h e 1962 statement from Soviet Foreign Minister (AP) - Scotland Yard says a lone hijacker who were directed by Don intermediate band. (Photo by Andrei Gromyko in trying to defend President commandeered a Lufthansa jetliner on a flight Christensen. Mike Miller and PH1 Glenn Davis) Reagan's "Star Wars" plan. In a speech in Austin, from Hamburg to London today surrendered to Texas, last night, he said Gromyko once said that police after a one-hour siege at Heathrow defensive systems were a way'toward arms Airport. A spokeswoman for the law enforcement SATURDAY * auctions. agency told the Associated Press the hijacker "appeared to be mentally ill and did not seem to SNOON Soul Train (UPI) - After five years of negotiations, the have any terrorist motive." Airline officials say NHL Hockey European Common Market has agreed to admit Spain none of the more than 100 people aboard the plane 1 P.m. NY Rangers vs Philadelphia Flyers and Portugal into the world's largest trading were harmed, and all later were allowed to leave Final Four bloc. A Spokesman says foreign ministers settled the aircraft. 3:30 p.m. NCAA Basketball Memphis State vs Villanova for the final obstacles in Brussels yesterday. Georgetown vs St. Johns Will probably run until 7:30 p.m., AUTOVON THIS WEE 'S FLIGHT SC//EDUL E e Normal schedule will follow - will CENTREX join Entertainment This Week in DATE AIRCRAFT DESTINATION DEPART ARRIVE e Outage k progress. Mon. 1 C-9 (Medevac) Roosey Roads 11:50 a.m. 1:50 p.m. Due to work being done in Tue. 2 727 (MAC) Kingston 12:30 p.m. 1:15 p.m. o SUNDAY Norfolk, the AUTOVON and Tue. 2 727 (MAC) Norfolk 4:15 p.m. 6:59 p.m. n 8:15 a.m. Special Hour of Power for Palm Sunday CENTREX lines will be down Fri.! 5 727 (MAC) Kingston 12:30 p.m. 1:15 p.m. h schedule until 1 p.m. from 10 a.m. on Sunday until Fri. 727 (MAC) Norfolk 4:15 p.m. 6:59 p.m. d hNormal 5 Women's Championship gane on Wednesday. Base C-12 (R+R) Puerta Plata 8 a.m. 9 a.m. 0 1 p.m. NCAA 7 a.m. Fri. 5 Teams to be announced. telephone operators will be d 3 p.m. Thrillmaker Sports - Stock Car Racing unable to place Morale calls NOTE: As stated earlier, civilians and dependents must purchase p.m. Movie - The Boyfriend during this period. tickets to travel on the MAC flight to Kingston. The exception is U 3:25 the active duty military member is in a leave status, (not the Boss when 5:15 p.m. Who's R+R), then dependents are authorized to travel Space "A." Also I 5:40 p.m. Too Close for Comfort please remember if you must cancel for Easter Flight contact the e 6:05 p.m. Facts of Life BPTO Office, or if any questions, at 4901. TOPS--Take Off Pounds UNDERWATER PHOTOGRAPHY Sensibly--is pleased to CONTEST announce a new meeting night! Beginning Monday, TOPS will meet community bulletin board on Monday evenings at six in the.