FLIGHT-ENGINEER STRIKE grounded hundreds of U.S. airline passengers. Though airlines hoped to get engineers back to work under 60-day Presidential mediation plan, strike is only first trouble for carriers as result of showdown fight between 3,500 engineers' union and Air Lines Pilot Association. National Mediation Board ordered engineers to merge with pilots' union, which engineers fear will cost them jobs.

AMERICAN-STYLE motels will be built on the comfortless, two-lane highways that link Moscow with Minsk and Warsaw. Previous Soviet attempts at motels have been tent-and-cottage camps.

WESTERN RAIL FIGHT for control of Western Pacific (TIME, Feb. 17) will involve the Denver & Rio Grande Western, key link between the Western Pacific and Midwestern cities. Union Pacific and the Chicago, Burlington & Quincy are buying Rio Grande stock in defensive moves to prevent Santa Fe from setting up a direct Chicago-to-San Francisco route should it win control of Western Pacific.

$86 A SHARE was price set by American Telephone & Telegraph for stockholders to purchase additional common shares, selling around $113, at the rate of one for every 20 owned. The offering will raise a total of $965,350,000, largest corporate money-raising effort in history. A. T. & T. 1960 earnings hit a record $5.53 per share.

U.S. TOOLS FOR REDS were okayed by Commerce Secretary Luther Hodges. He authorized shipment of $1,500,000 worth of machine tools, presumably for military use, that had been first approved by the Eisenhower Administration but held up by Defense Department objections. Hodges' reason: Soviets could easily buy them in Europe, so U.S. makers might as well profit.

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