Rising economy expected to weakenThe economy is expanding...

BUSINESS DIGEST

November 10, 1993

Rising economy expected to weaken

The economy is expanding at the fastest pace in a year, but growth will taper off during the next 12 months, according to a survey of economists.

Blue Chip Economic Indicators, a newsletter based in Sedona, Ariz., said the consensus of 52 economists surveyed this month calls for an annualized 3.3 percent growth during the three months that will end Dec. 31. But most economists believe that the economy will tail off in 1994, growing at annualized rates of 2.8 percent in the first quarter, 2.7 percent in the second and third and 2.6 percent in the fourth.

Buyer of Rohr plant would save jobs

Arriba Aviation and Aerospace Inc. has signed a letter of intent to buy Rohr Inc.'s airplane-parts plant in Hagerstown, a move that would save more than 300 jobs.

Jay Howe, manager of the Rohr plant, said the newly created Arriba Aviation signed the letter Friday. The sale could be final by Dec. 14. Rohr announced in March that it planned to close the Hagerstown plant and consolidate its airplane bonding operations in its California plant.

MedImmune to get research funding

MedImmune Inc., a biotechnology company based in Gaithersburg, said yesterday that it will receive up to $30 million in research funding from a drug manufacturer, American Cyanamid Co., over the next five years. The companies also agreed to jointly promote four new products.

MedImmune said the companies will develop two drugs to treat pneumonia and bronchiolitis in infants. It also has an option to work on a vaccine for the ailments developed by Cyanamid.

Winfield's wife a no-show at PSC

Tonya T. Winfield, the wife of Dave Winfield, the Minnesota Twins baseball star, failed to appear at a Public Service Commission hearing yesterday for a complaint she filed against a Baltimore taxi driver who she said refused to provide service to her, her husband and relatives in July.

The taxi driver's lawyer, Lee Klavans, said Mrs. Winfield's claims of racial discrimination against his client were "completely unwarranted and unfounded." A PSC hearing examiner, David Moore, said a decision will likely be issued in a few weeks.

Jim McKay gets Md. tourism post

Jim McKay, the ABC-TV sportscaster, has been appointed chairman of the Maryland Tourism Development Board, a state committee charged with developing a five-year strategic plan to promote and develop tourism in Maryland.

Mr. McKay, who is a horse-racing enthusiast, is the founder of the Maryland Million, the annual day of racing that offers a $1 million purse for Maryland-sired thoroughbreds.

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