HOWARD HUGHES is near agreement with Thomas O'Neil, president of General Tire's subsidiary, General Teleradio, Inc., on a deal for RKO pictures. O'Neil will pay $22 million ($13 million cash) for RKO's picture-making facilities plus its library of 700 films, use both movies and the studio in his TV business.
BOEING JET TRANSPORT will soon be in production for U.S. airlines. With an Air Force green light to build the airliner alongside its jet tanker, Boeing is dickering with both Pan American (for 25 planes) and United Air Lines (for 20 planes), expects to...
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