USAir can't sell London routesUSAir Inc.'s request to sell...


June 05, 1993

USAir can't sell London routes

USAir Inc.'s request to sell two of its rights to fly to London was dismissed yesterday by the U.S. Department of Transportation.

One application involved United Airlines, which wanted to buy USAir's Philadelphia-London route authority and move it to Chicago. In the second application, USAir asked permission to sell its Baltimore-London route to Northwest Airlines, which wanted to move the route to Detroit. The DOT said it dismissed the applications because they violated restrictions on the movement of the routes to other cities.

IBM to cut 100 Bethesda jobs

One hundred International Business Machines Corp. workers in Bethesda will lose their jobs in August, the computer maker said. The employees work for an IBM unit known as Integrated Systems Solutions Corp., which provides data processing and software services to other wings of IBM and outside clients.

About 200 employees at IBM facilities in Gaithersburg and Bethesda lost their jobs in April.

Strike ties up British Airways

A one-day strike by baggage handlers and cabin crew at British Airways stranded thousands of passengers and forced many to take trains and ferries to Europe.

The union finally accepted management assurances on pay and job security yesterday, but British Airways faces more trouble with pilots who have authorized a strike over the airline's plans to transfer some flights into a lower-wage subsidiary.

Merry-Go-Round downgraded

Dean Witter Reynolds has lowered its investment rating on Joppa-based Merry-Go-Round Enterprises Inc. stock to "neutral" from "buy" and removed the stock from its recommended list. Dean Witter attributed the downgrade to "continuing earnings disappointments and downward revisions in ongoing expectations."

Columbia Gas seeks increase

Columbia Gas of Maryland filed a request with the Maryland Public Service Commission yesterday for a $2.9 million rate increase effective Jan. 1. The company said it needs the additional money to offset higher operating costs and a greater demand for natural gas service.

The company is also seeking to recover construction costs for a $3.3 million propane plant in Hagerstown. Columbia Gas of Maryland, the third-largest investor-owned natural gas utility in the state, serves more than 40,000 in 17 communities.

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