Time Clock, Oct. 31, 1960

COMMERCIAL SATELLITE will be launched by the American Telephone & Telegraph Co. within a year. A. T. & T. will put a 175-lb. experimental communications satellite in a north-south orbit over the Atlantic to transmit telephone calls and TV broadcasts between North America and Europe.

FLORIDA ORANGES, which have a lighter, less attractive color than their California competitors, will be dyed a deeper shade, thanks to Food and Drug Administration. It has approved a new additive to make Florida oranges look more appetizing.

FORD EARNINGS are showing the impact of the smaller profit on compact cars. Although the number of cars sold this year was up 4.9%, earnings in the first nine months were $5.76 a share v. $6.19 last year. The third-quarter profit rate was better, indicating that as the sales of compacts soar, the profit improves.

AIR SAFETY will be improved by new government program. The Federal Aviation Agency will spend $163 million in next eight months to equip air-traffic-control centers with latest radar equipment, install better approach lights at dozens of airports.

FRENCH CAR EXPORTS are facing more cuts because of U.S. compact competition. Renault fired 3,000 of its employees as unsold cars crowd French warehouses. Automaker Pan-hard cut its work week; Simca and Citroen plan to use some of the same production facilities to cut costs.