AIR FARE HIKE of about 5% is in the works for domestic carriers. New fares would boost airlines' rate of return on investments to 10.5%. Because of promised fare increase, Capital Airlines asked to withdraw its $13 million subsidy request, and CAB agreed not to investigate Capital.
AUTO MERGER will join Jaguar Cars and Daimler Co., oldest in England, make merged firm sixth largest British automaker. Jaguar will expand its own production in Daimler's factory, continue making Daimler's limousines, armored cars and buses.
BIGGEST U.S. ADVERTISER in 1959 in major media was General Motors ($110.6 million), which ousted Procter & Gamble ($105.6 million)...
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