GENERAL ELECTRIC will resume making color TV sets this summer, having given up five years ago. GE says it is joining Zenith and other manufacturers who went into color recently because color TV is entering "the initial phase of mass-market acceptance." Until then, R.C.A. was sticking it out almost alone.

ALLEGHANY BOUT goes into the final round with the count about 3,300,000 common shares held by Chairman Allan P. Kirby and 2,600,000 by the Murchison Brothers. Decision on who will control the giant holding company that controls the New York Central and $3 billion in investment funds will go to side that can muster most proxies, at the May 1 annual meeting, from the remaining shares held by other stockholders.

$99TRANSATLANTIC AIR FARE for round trip from Europe to U.S. will be charged European groups on Flying Tiger Line charter flights this summer. Airline wants to cover the costs of flying the empty leg of charters carrying Americans to Europe and back at $230 each.

PHILADELPHIA Antitrust Lawyer William L. Maher, 52, who helped convict 29 electrical companies of price fixing, will become officer of one of the convicted firms, Chicago Joslyn Manufacturing & Supply Co. His duties: to guide Joslyn's antitrust compliance program.

MARK REVALUATION is failing to stop the flow of gold and currency into West Germany. In the week ended April 7, reserves jumped $172,500,000 to a record $8 billion. Reason: to circumvent Bonn's tight-money policy and hedge against further revaluation, German businessmen now borrow funds from abroad.

SATELLITE SERVICE between the U.S. and Europe for phone and TV signals could be working commercially within four years, says A.T.& T. Messages would be bounced off a series of satellites, caught on the opposite side of the ocean. A.T.& T. is starting a $7,000,000 experimental space-communications station in Maine.

TWO RAIL NETS in the East will be proposed to ICC by the New York Central: one built around the Pennsylvania, the other around the Central, Chesapeake & Ohio and Baltimore & Ohio. By this move, Central hopes to force its way into the pending merger of the C. & O. and B. & O., to avoid losing business to the new combine.

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