Westinghouse still seeks chiefWestinghouse Electric Corp...


June 29, 1993

Westinghouse still seeks chief

Westinghouse Electric Corp., without a chief since January, said yesterday that its board of directors still had not yet completed its search for a new leader.

The spokesman declined to comment on the timing of any announcement or a Wall Street Journal report that said Westinghouse is trying to lure PepsiCo's former head of international operations, Michael Jordan. Analysts believe an announcement could come as soon as tomorrow.

No bankruptcy decision by airline

Northwest Airlines has delayed a decision on whether to seek bankruptcy protection until next week to allow time for negotiations with the pilots union to progress, a source said yesterday.

After a briefing yesterday from top Northwest managers, the company's board of directors said it was interested in reaching a financial restructuring out of bankruptcy court, a spokesman said.

SEC charges fraud by FNN

The Securities and Exchange Commission yesterday accused four former officers of Financial News Network, the defunct cable television operation, of fraud and other securities violations for exaggerating FNN's financial results in 1989 and 1990.

EA lands Navy cleanup pact

EA Engineering, Science and Technology Inc., a Hunt Valley environmental services company, has signed a $100 million, 10-year contract with the Navy for the environmental cleanup of closed Navy facilities. EA was awarded exclusive negotiating rights to the contract in January.

Warning on health insurance firm

State insurance regulators warned business owners and individuals not to purchase health insurance from a company that claims to be licensed by the U.S. Labor Department.

The company, doing business as Atlantic HealthCare Benefit Trust; United Health Care Association of America; National Insurance Consultants Inc., and United Association of Small Business Inc., has been barred from doing business in Maryland since 1991.

USAir flights to Virgin Islands

USAir Group Inc. will begin service from Baltimore-Washington International Airport to St. Thomas in the U.S. Virgin Islands Nov. 10. The company said it would use Boeing 727-200 aircraft for the daily round-trip service. The flights will be nonstop and will continue to San Juan, Puerto Rico, USAir said.

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