Newspaper article The Christian Science Monitor

Events

Newspaper article The Christian Science Monitor

Events

Article excerpt

US INDUSTRIAL PRODUCTION INDEX RISES Increased manufacturing of consumer goods helped boost output at the nation's factories, mines, and utilities by a moderate 0.4 percent in July after a two-month slump, the government said yesterday. The gain in the Federal Reserve's industrial production index the best in five months came despite a decrease in auto production. Economists are hoping the advance in the index signals the start of a shift out of a stagnation in the industrial sector this year. Analysts are a bit more optimistic about the futur e because automakers plan increased production. AT&T merges with McCaw

American Telephone & Telegraph Co. said yesterday it had agreed to merge with McCaw Cellular Communications Inc. in a $12.6 billion stock swap that would combine the leaders in long-distance and wireless phone service. AT&T is a global leader in long-distance telephone service, while McCaw is a pioneer in cellular, paging, and other wireless communications services that make up the fastest-growing segment of the telecommunications industry. AT&T and McCaw say they expect no jobs will be lost because of the merger. Tailhook continues

Three Navy and Marine Corps officers have been charged with assault stemming from the 1991 Tailhook convention.

The Pentagon inspector general's April 12 report referred 140 cases of alleged officer misconduct to the secretary of the Navy for action. The Marine Corps has disposed of nearly all its cases, charging one officer with assault, according to The Washington Times. The Navy has charged two officers with assault; three others are awaiting possible court-martials; 41 other Navy cases were disposed of through a closed-door, nonjudicial procedure; and 71 cases remain unresolved. Minnesota floods again

Flooding abated today in southern Minnesota after weekend storms dumped near a foot of rain, but hundreds remained out of their homes. More than 1,500 people forced from their homes remained in shelters, according to the Mower County sheriff's department and Red Cross. …

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