Iacocca may fly to TWA's rescueLee A. Iacocca, who helped...


December 10, 1992

Iacocca may fly to TWA's rescue

Lee A. Iacocca, who helped Chrysler Corp. get back on its feet when it reached the brink of financial ruin, is being asked to do something similar for Trans World Airlines, which is in bankruptcy.

Since August, the 68-year-old Mr. Iacocca, who plans to retire from Chrysler at month's end, has been talking with Brian Freeman, an investment banker whom he got to know during the days of Chrysler's rescue through federal loan guarantees, about assuming the chairmanship of TWA. Mr. Iacocca met yesterday with leaders of the International Association of Machinists and Aerospace Workers in an effort on his part to see if he wants the job.

Ford to weigh non-cash charge

Ford Motor Co.'s board of directors is expected to decide today whether to book a non-cash charge of $5 billion to $9 billion for retiree health care benefit accounting changes in the fourth quarter. Ford would be the first of Detroit's Big Three automakers to make a decision on Financial Accounting Statement No. 106, an accounting change required to be adopted by the first quarter of 1993.

Lawyers want to enjoin Microsoft

Attorneys investigating Microsoft for the Federal Trade Commission have requested the agency's permission to seek a preliminary court injunction to stop alleged monopolistic practices, according to FTC:WATCH, a bimonthly insider newsletter.

The action was the latest move in a lengthy investigation into Microsoft's pricing practices and, if pursued by the commission, could ultimately force the software manufacturer to change the way it deals with thousands of computer makers who buy its MS-DOS operating system. It also could require Microsoft to reimburse manufacturers and software competitors for lost business.

GM increasing minority suppliers

General Motors Corp. confirmed plans yesterday to increase its spending with minority-owned parts suppliers 20 percent by early 1995. GM said it has spent more than $1 billion a year during the past five years from minority suppliers.

Sikh wins shot at Domino's job

Prabhjot S. Kohli, a Sikh who sued Domino's Pizza Inc. for religious discrimination, has won another chance to work for the pizza chain and keep his beard, which, according to his religious beliefs, he can not shave.

In a decision dated Tuesday, the Human Relations Commission overturned a previous commission decision that Domino's didn't have to hire Mr. Kohli unless he shaved.

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