IBM puts improved OS-2 on marketIBM will begin selling an...

BUSINESS DIGEST

May 18, 1993

IBM puts improved OS-2 on market

IBM will begin selling an improved version of its OS-2 software to run personal computers today, beating Microsoft Corp.'s entry into the same market by a week.

International Business Machines Corp. and Microsoft worked on OS-2 jointly until September 1990, when Microsoft went on to push its Windows operating system, which zoomed past OS-2 in sales. The new version of OS-2 is called 2.1.

Kmart income plunges 81%

Kmart Corp. reported an 81 percent plunge in its first-quarter income yesterday, blaming the blizzard in the Northeast and unfavorable conditions elsewhere for the downturn. Toys R Us Inc. fared considerably better, reporting double-digit growth in income and sales.

Controls on Mexican bank to loosen

President Carlos Salinas de Gortari began the process of restoring the independence of Mexico's central bank yesterday after more than a decade of government control, saying the move would help curb inflation.

14 Garrett County miners laid off

Fourteen miners have been laid off at Mettiki Coal Corp.'s deep mine in extreme southwestern Garrett County because of an increasingly oversupplied and low-priced coal market.

The underground mine employs 265 workers, who produce two-thirds, or 2.5 million tons, of the state's annual coal production. The company's last major work force reduction occurred in October 1991, when 23 miners were let go.

Barnes joins Hogan & Hartson

Michael Barnes, a former Democratic congressman from Maryland's 8th District, has joined the Washington law firm of Hogan & Hartson.

Mr. Barnes, who served in Congress from 1979 to 1987 and chaired Maryland's commission on growth in the Chesapeake Bay region, is a partner in the legislative and international groups of Hogan, which also has an office in Baltimore. Mr. Barnes had been with Washington's Arent, Fox, Kintner, Plotkin & Kahn since he left Congress.

Merry-Go-Round finishes acquisition

Merry-Go-Round Enterprises Inc. announced it completed its acquisition of Melville Corp.'s Chess King Division. The 450-store Chess King chain will carry the Merry-Go-Round or Menz Divisions merchandise package.

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