New York Post revivedThe never-say-die New York Post...

BUSINESS DIGEST

July 13, 1993

New York Post revived

The never-say-die New York Post staggered back to life yesterday after unions agreed to $6.2 million in reduced operating costs "to stop the bleeding" at the nation's oldest continuously published daily.

Employees worked frantically to prepare an edition for today, the first since publisher Rupert Murdoch locked the doors Friday. The decision came after 10 production unions agreed to the reduced costs and the Newspaper Guild agreed to return to work while negotiating a new contract.

Apple slices prices again

Apple Computer Inc. announced yesterday another round of price cuts in a bid to bolster sales and market share amid an industry-wide price war. The cuts -- Apple's third in as many months -- will slash prices by as much as 34 percent for many of its most popular products.

Choice Hotels concludes accord

Silver Spring-based Choice Hotels International Inc. and Journey's End Corp. of Ontario, Canada, have concluded an agreement to form a joint venture, Choice Hotels Canada Inc., to license hotels, motels and all-suite properties in Canada.

GM announces deal with Toyota

General Motors Corp. announced yesterday a contract to supply engine blocks to Toyota Motor Corp., an example of what Japanese automakers say is their growing effort to reduce trade frictions with the United States.

Starting in mid-1994, GM's foundry in Defiance, Ohio, will produce up to 180,000 engine blocks for Toyota's four-cylinder engine, used in the Toyota Camry built in Georgetown, Ky.

Ford to export right-hand-drive cars

Ford Motor Co. said it will begin exporting right-hand-drive versions of several North American and European vehicles to Japan starting next year, including its Taurus car and Explorer sport-utility vehicle.

Vitro wins FAA contract

Vitro Corp. in Silver Spring has been awarded a three-year, $27 million contract from the Federal Aviation Administration to assist the government agency in planning and deploying a wide range of radar surveillance systems used to monitor aircraft and weather at U.S. airports.

Clinton approval rating drops

President Clinton's approval rating has fallen to 15 percent among business executives, largely because of strong opposition to his proposed deficit-cutting tax increases, a survey released yesterday by Yankelovich Partners Inc., showed.

@

Baltimore Sun Articles
|
|
|
Please note the green-lined linked article text has been applied commercially without any involvement from our newsroom editors, reporters or any other editorial staff.