British Airways accused againBritish Airways, which paid...

BUSINESS DIGEST

May 22, 1993

British Airways accused again

British Airways, which paid out millions over "dirty tricks" against Virgin Atlantic Airways, conducted a similar attack on Air Europe, which went broke in 1991, according to a published report.

The Guardian said yesterday that an investigation found British Airways spread rumors about financial troubles at Air Europe, Britain's second-largest airline in the late 1980s, tapped into its computer reservations files and used private investigators to probe the ownership of the carrier. British Airways said it knew of no evidence to support the claims.

Schools company posts profit

Education Alternatives Inc., a Minneapolis-based company that is managing nine Baltimore elementary schools, reported a profit of $452,000, or 7 cents a share, for the three months that ended March 31, compared with a $407,000 loss for the year-ago period. The company said the turnaround was primarily because of its five-year contract with Baltimore, which it signed last July.

BG&E raises quarterly dividend

The directors of the Baltimore Gas and Electric Co. raised the company's quarterly dividend to 37 cents a share from 36 cents a share, the company said yesterday. The common stock dividend is payable July 1 to stockholders of record on June 10.

Augustine, Cade to be honored

Norman R. Augustine, chairman and chief executive of the Martin Marietta Corp., and state Sen. John A. "Jack" Cade were named recipients of the 1993 Maryland Chamber of Commerce Public Affairs Awards. The two men will receive the awards during the chamber's 25th anniversary breakfast at 8 a.m. Tuesday at the Omni Inner Harbor Hotel, Baltimore.

2 Bethesda developers must pay

A federal judge ordered two Bethesda developers yesterday to pay $1.2 million to a Seattle, Wash., real estate firm as part of a guilty plea they entered on three counts of wire fraud.

U.S. District Judge Albert Bryan in Washington also sentenced Gary Nordheimer, 52, and Scott Nordheimer, 46, to serve jail sentences of 24 months and 27 months, respectively. The two pleaded guilty on March 18 to three counts each of wire fraud stemming from a real estate transaction with Seattle-based Security Properties Inc.

Firm's name now COMSAT Corp.

Communications Satellite Corp. will become COMSAT Corp. under a name change approved yesterday by shareholders at the company's annual meeting. Shareholders of the Clarksburg-based company, which is about to complete its move to Montgomery County from Washington, also OK'd a 2-for-1 common stock split effective June 1.

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