Business & Finance: Boom Note
Continental Steel Corp., small maker of wire and sheet steel products, last week reported that it had set aside $150,000 (the equivalent of six weeks' to two months' earnings) as a "reserve for contingencies." The contingency: "The war in Europe, together with a domestic business improvement, has brought about an inflationary condition that could be rapidly reversed if peace negotiations were effected."
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WHITE HOUSE OFFICIAL, on a Nigerian man who tried to ignite an explosive device aboard a Northwest Airlines flight to Detroit Friday; officials say he wanted to bring the plane down but his attempt failed
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