Motorola unveils powerful chipMotorola Inc. unveiled a...

BUSINESS DIGEST

April 27, 1993

Motorola unveils powerful chip

Motorola Inc. unveiled a powerful new computer chip to compete with industry leader Intel Corp.'s new Pentium microprocessor at less than half the price.

The result could be a sharp price reduction for the next generation of personal computers, but analysts said Motorola's new PowerPC chip, announced yesterday, first must prove its appeal to software manufacturers.

Slow world economic growth seen

The world economy will experience sluggish growth for the third straight year and could suffer a new slowdown if the major industrial nations fail to take stronger steps to bolster growth, the International Monetary Fund said yesterday in its new economic forecast.

The IMF said the U.S. economy would grow by a moderate 3.2 percent this year and next, but it predicted a dismal year of economic stagnation in Europe and unusually slow growth in Japan.

Du Pont profits hit $493 million

Du Pont posted $493 million in first-quarter earnings thanks in part to improved petroleum revenues and cost-reduction efforts.

The chemical company's profits, reported yesterday, amounted to 73 cents per share and compared with a loss of $4.4 billion, or $6.54 per share, for last year's first-quarter. The red ink was due largely to one-time charges related to new rules on retiree health benefits and income tax accounting.

Group buys Iowa newspapers

New Century Press Inc., begun by three former editors of The Sun and a Washington-area financial consultant, has acquired a group of weekly newspapers in northwestern Iowa.

The group of newspapers, Lyon-Sioux Press, is based in Rock Rapids, Iowa, and consists of three paid-circulation community newspapers, a monthly specialty paper for senior citizens and an interest in an advertising supplement carried by 14 northwestern Iowa newspapers, the Baltimore-based company said.

Opel to sell cars in China

General Motors Corp.'s Opel subsidiary announced plans yesterday to begin selling its luxury Omega and Vectra cas in China.

The official Xinhua News Agency said Opel planned to sell 500 cars to China this year and had established sales and service outlets in 16 cities.

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