UAW votes strike, if necessaryThe United Auto Workers...

BUSINESS DIGEST

September 02, 1993

UAW votes strike, if necessary

The United Auto Workers union said yesterday that Ford Motor Co. employees voted by a 95 percent margin to authorize a strike against the No. 2 carmaker, if one is deemed necessary. On Monday, the UAW chose Ford as its strike target for 1993 contract talks with the Big Three automakers.

Dollar plummets against mark

Jitters about the U.S. economy and renewed confidence in the German mark sent the dollar reeling to a 10-week low against the German currency yesterday.

The dollar gained against the yen, though, buoyed by expectations that Japan will cut interest rates this month as part of an economic stimulus package. The dollar finished at 1.6605 marks, down from 1.6763 marks late Tuesday. It closed at 105.40 yen, down from 104.75 yen.

MedImmune drug review delayed

MedImmune Inc. in Gaithersburg said the Food and Drug Administration has postponed the previously scheduled Sept. 23 review of the product license application for Respivir by the FDA's Blood Products Advisory Committee. The new review date is yet to be announced.

Respivir is a drug developed by MedImmune to treat Respiratory Syncytial Virus, or RSV, a condition which can cause bronchial infection and pneumonia in infants and young children.

Workers comp rate rise sought

The state's workers compensation insurers said that rising medical and wage replacement costs would likely push rates up by 11.3 percent in 1994.

The Florida-based National Council on Compensation Insurance filed with the state for an 11.3 percent increase in the "pure premium." That covers only an insurer's claim costs -- medical bills and checks sent to injured workers instead of their pay.

Mazda to unveil sports sedan

Mazda Motor Corp. will unveil a new sport sedan for the U.S. market at next week's Frankfurt Auto Show, where the carmaker was originally planning to introduce its Amati luxury division.The alternative car, expected to cost around $30,000 and compete with the BMW 3- and 5-series sedans, will go on sale in the spring as a 1995 model, Mazda said yesterday.

Spiegel, Ebony launch catalog

Catalog retailer Spiegel Inc. and Ebony magazine launched a new catalog yesterday of clothing and home fashions aimed at African-American women. The 64-page catalog introduces E Style, a new line of apparel and accessories designed for the black female market. Spiegel and Johnson Publishing Co., Ebony's publisher, announced the joint venture about two years ago.

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