FAIR-TRADE LAW for whole nation is being pushed again by Congress protectionists, who want to allow manufacturers to set minimum prices. But chances of congressional and presidential approval are slim.

GRACE LINE won first subsidy from the Maritime Administration to operate from the Great Lakes to the Caribbean. Grace will begin service with six ships when St. Lawrence Seaway opens this spring.

NUCLEAR BOMBER will be designed by Convair, which won Government nod over Lockheed. The near-sonic plane, to be powered by a G.E. nuclear plant, would be roughly the size of a B-52.

GENERAL ANILINE TRUCE is coming nearer. World Court at The Hague refused to rule on plea by Swiss Interhandel company to return General Aniline to it, on ground U.S. illegally seized Aniline as enemy company in World War II. Court's action will spur negotiated compromise now going on.

TEXACO, INC. will be the new name of the Texas Co., major petroleum producer (1958 sales: $2.3 billion), since everybody calls it by its trademark.

ALEXANDER GUTERMA has been indicted by a federal grand jury, charged with conspiracy to defraud by failing to file financial reports on his F. L. Jacobs Co. (TIME, Feb. 23). Meantime, a U.S. district court named two trustees to reorganize Jacobs under federal bankruptcy law.

PENSION PLAN for some 7,500,000 self-employed, e.g., doctors, lawyers, farmers, was approved in a House bill permitting deductions up to 10% of earnings ($2,500 ceiling per year) for specified retirement plans.

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