Continental orders 92 jetlinersBoeing Co. said yesterday...

BUSINESS DIGEST

May 13, 1993

Continental orders 92 jetliners

Boeing Co. said yesterday that Continental Airlines had ordered 92 jetliners with a value of approximately $4.5 billion. The aircraft maker hailed the order as a sign of new life in its industry, but analysts were more reserved.

The bulk of the order was a reinstatement of an order erased when Continental entered bankruptcy proceedings more than two years ago.

Fox, Tele-Communications agree

Tele-Communications Inc., the nation's biggest cable television company, and Fox Inc. announced plans yesterday to launch a cable channel featuring Fox-produced programs.

GM, Russian company in accord

General Motors Corp said Tuesday it will sell more than $700 million worth of engine parts to Russian carmaker Volga Auto Works.

The Volga deal, believed to be the largest manufacturing agreement between a U.S. company and a Russian company, will provide Volga with up to 100,000 modern engine systems a year for the next five years.

Black & Decker unit wins contract

PRC Inc., a unit of the Black & Decker Corp., has won a $41 million, 5-year contract to provide engineering and environmental services to a Department of Transportation research center in Cambridge, Mass.

PRC, based in McLean, Va., provides information systems and services to government and commercial clients.

DOE opens clean air center today

The Maryland Department of the Environment will open a center tomorrow to help small businesses comply with the Clean Air Act Amendments of 1990. The office will be just off the lobby of the Department of Environment's headquarters at 2500 Broening Highway in Baltimore.

Judge OKs plan for Nutri-System

The financial distress of Nutri-System Inc. began to ease yesterday when a bankruptcy court judge in Philadelphia allowed prospective investors to operate the company for 30 days.

At the request of the company and its franchise operators, Federal Bankruptcy Judge David A. Scholl dismissed a trustee he had appointed last Friday and gave the investors, led by the Heico Acquisitions Co. of Chicago, 30 days to complete arrangements to buy all the assets of the diet food company, which is based in Blue Bell, Pa.

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