Rise reported in new jobless claimshe number of newly...

BUSINESS DIGEST

August 27, 1993

Rise reported in new jobless claims

he number of newly laid-off Americans seeking jobless benefits rose last week for the first time in a month, but the less-volatile four-week moving average still dropped to the lowest level in nearly four years. New applications for unemployment insurance increased by 8,000 during the week ended Aug. 21, to 332,000 from 324,000 a week earlier, the Labor Department reported yesterday.

In Maryland, the number of new claims for unemployment insurance dropped nearly 15 percent to 3,634 in the week that ended Aug. 14. Maryland's statistics lag the nation's by a week.

United workers offer to take pay cut

United Airlines' workers offered to take a $3.35 billion cut in pay and benefits over five years in return for a majority stake in the nation's second-largest carrier.

The Air Line Pilots Association told its members in a letter yesterday that the coalition of three major unions came up with the offer for the airline's parent, UAL Corp. The size of the potential cuts was disclosed in a letter from Roger Hall, chairman Bof the United branch of the Pilots Association, to union members.

Sprint to cut 1,000 jobs

Sprint Corp. said its long-distance division will eliminate about 5 percent of its work force, or about 1,000 jobs, and create a multimedia services group to cut costs and sharpen market focus.

The company also will integrate advertising, product management, pricing and product support for its consumer and business customers into existing consumer and business marketing groups. The jobs will be eliminated by the end of the year as Sprint, based in Kansas City, Mo., closes an operator services center in Indianapolis and a customer services and receivables center in Reston, Va.

American, United court Lufthansa

As European airlines rush to form alliances with rivals, the two biggest U.S. carriers, American and United, are courting Lufthansa German Airlines. A Lufthansa partnership with either could put pressure on Delta, which operates a hub in Frankfurt.

U.S. wants computer curb eased

The United States will ask its allies to ease curbs they have jointly imposed on sale of high-speed computers to Russia, China and other former Cold War foes, the Commerce Department said yesterday.

The computers can help break codes and speed the calculations needed to make nuclear and other mass-destruction weapons.

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.