ILE DE FRANCE, the 32-year-old liner that carried almost 700,000 passengers and soldiers across the Atlantic and other oceans, will be sold for scrap. French Line said the 45,330-ton ship had grown too aged and costly to operate.
HUGE RUHR MERGER is expected to link two former members of German steel trust dismantled in 1948. August Thyssen-Hütte (sales: $430 million) has asked permission from European Coal and Steel Community to buy Phoenix Rheinrohr (sales: $390 million). Authority will probably approve. Company would rank as Europe's biggest steelmaker, producing 5,000,000 tons a year, or 25% of West German supply, 10% of European Common...
To continue reading:
or
Log-In
