CIA to allow satellite photo salesThe CIA is ending its...

BUSINESS DIGEST

November 13, 1993

CIA to allow satellite photo sales

The CIA is ending its blanket opposition to commercial sales of spy-quality satellite pictures in a move that may open a $1 billion market in the next few years, U.S. government officials said yesterday.

They said Central Intelligence Agency Director James Woolsey would announce conditional support next week for allowing the use of "remote-sensing" systems capable of picking out objects as small as cars from 400 miles or so in space.

New England firm to lay off 1,500

Southern New England Telecommunications Corp. said yesterday that it would lay off up to 1,500 employees, or 14 percent of its work force, to cope with increased competition and changing technologies.

The New Haven, Conn.-based company said it would lay off 400 to 700 of its 3,600 management employees and 500 to 800 of its 7,000 union employees. The layoffs begin Jan. 12.

Asarco wants to sell part of stake

Asarco Inc., a major U.S. mining company, said yesterday that it expected to be able to sell a portion of its stake in Grupo Mexico, one of the largest mining and mineral producers in the world, when that company joins the ranks of at least 30 other Mexican concerns whose shares are now traded on U.S. exchanges.

The Mexican firm, whose full name is Grupo Industrial Minera Mexico, SA de CV, plans an international offering in the near future, although the company and Asarco executives declined to specify on what exchange the shares will be traded. At present, Grupo Mexico shares are only traded on Mexico's stock exchange, the Bolsa.

Jobless claims in Md. leap

Unemployment claims in Maryland jumped 25 percent in the week that ended Oct. 30. The number of first-time filings for jobless insurance payments rose 1,014 to 5,170.

Airline, attendants to resume talks

American Airlines and its flight attendants' union agreed to resume contract negotiations with less than a week to go before a threatened strike.

The airline sent a letter yesterday suggesting that negotiations resume Tuesday in the Dallas suburb of Arlington. But the flight attendants' union left the time and place up to the National Mediation Board, which was overseeing the talks when they faltered Oct. 30.

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