BAN ON FOREIGN STEEL and other imported construction materials by Texas highway department raised storm of protest from foreign nations. None can be used in any state highway construction project. Texas steel producers claimed that cheap foreign steel was hurting business.
CARROL SHANKS, president of Prudential Insurance Co., has pulled out of deal with big Prudential borrower, Georgia-Pacific Corp., which could have given him capital gains, huge tax savings. Investigation by New Jersey Banking and Insurance Department found no law violation, but furor led Shanks to conclude that "it would be impossible to provide (policyholders) with anything like a reasonable perspective in...
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