Time Clock, Jul. 11, 1955

STOCK-PURCHASE PLANS for salaried employees are being considered by Ford and General Motors. Ford will offer its 46,000 salaried workers stock below market price when it goes on public sale net year. G.M. may make a similar plan part of a new investment and savings program for everybody, from office clerks up to the executives.

NORTH AMERICAN AIRLINES, biggest nonscheduled air carrier in the U.S., had its wings clipped. The Civil Aeronautics Board upheld an examiner's finding that North American runs scheduled flights in violation of CAB regulations (TIME, Feb. 28), ordered the line...

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