Community loans act may broadenThe Treasury Department is...

BUSINESS DIGEST

June 09, 1993

Community loans act may broaden

The Treasury Department is planning to study whether money market funds, consumer finance companies and automobile *T financing companies should be required to follow the Community Reinvestment Act, which calls on financial institutions to lend money in poor communities, a senior Treasury official said yesterday.

7 cable firms settle antitrust case

In a move that could spur competition and reduce prices in the cable television industry, seven of the nation's biggest cable companies have settled a long-running antitrust investigation and agreed to make programming more available to aspiring rivals.

The agreement with the attorneys general of 40 states is to be announced today by New York Attorney General Robert Abrams.

QVC to come to Britain, Europe

QVC Network Inc. and British Sky Broadcasting announced a trans-Atlantic alliance yesterday that will bring 24-hour home shopping to television viewers in Britain, Ireland and continental Europe.

Free personal finance software

Computer Associates International Inc., a large developer of software for mainframe computers, launched a personal finance program for consumers yesterday and said it would give away the first 1 million copies. The product, called Kiplinger's CA-Simply Money, will retail for about $70 and includes financial advice from The Kiplinger Washington Editors Inc.

To obtain the free software, consumers can call toll-free (800) 373-3666.

Genetic Therapy wins approval

Genetic Therapy Inc. in Gaithersburg said the National Institutes of Health approved trials for treating Gaucher's disease, a metabolic disorder, by genetically altering a patient's blood.

Although approved by the NIH's DNA advisory committee, the trials can't begin until the company receives clearance from the U.S. Food and Drug Administration, Genetic Therapy said.

Trammell Crow properties on block

The auction hammer is scheduled to fall on two of Trammell Crow Co.'s Festival marketplaces June 23, as Michael Fox Auctioneers of Baltimore tries to sell a 90,000-square-foot mall in Frederick and a 252,000-square-foot center in Woodbridge, Va.

Both properties, each owned by partnerships affiliated with Trammell Crow, had defaulted on loans from Signet Banking Corp.

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