United Airlines, 2 unions to talkUnited Airlines and two...


December 01, 1993

United Airlines, 2 unions to talk

United Airlines and two of its largest unions are expected to reopen talks today about a possible employee buyout that were derailed in mid-November. The collapse came after United's parent, UAL Corp., went ahead with its $119.4 million sale of 15 flight kitchens at 12 airports to Dobbs International Services, a unit of Dial Corp.

The International Association of Machinists, which represented the 5,000 flight kitchen employees, said the sale made continuation of the talks futile, a position backed by the Air Line Pilots Association, the other union taking part.

Dell Computer back in the black

Dell Computer Corp. reported yesterday that it was earning money again, after having fallen into the red for the first time earlier this year.

The company's performance in its third fiscal quarter, a $12 million profit, exceeded Wall Street's expectations. Dell's stock closed up $3, at $27.125, in Nasdaq trading yesterday.

Clifford BCCI charges dismissed

A judge dismissed bank fraud and bribery charges against Clark M. Clifford in the Bank of Credit and Commerce International scandal, citing his age and ill health. Mr. Clifford, 86, praised the dismissal, which both prosecutors and the defense had sought.

Mr. Clifford and Robert Altman, 46, were indicted in July 1992 on charges of fraud and receiving bribes. Mr. Altman was acquitted in August after a four-month trial.

World Bank to aid entrepreneurs

The World Bank, which is lending $25 billion to world governments this year, is going to help some of the world's poorest people borrow as little as $50.

The bank, in an unusual move, announced yesterday that it would donate $2 million to a fund designed to help the world's poor establish small businesses. The fund, set up by the Grameen Bank of Bangladesh, is already operating in several developing countries, lending mostly to poor women.

Washington Homes joining NYSE

Washington Homes Inc. in Landover said it has applied for listing on the New York Stock Exchange and expects trading to begin by January under the symbol "WHI."

The company, which builds and sells single-family detached homes, town homes and condominiums, is traded on the Nasdaq National Market System under the symbol "WHIN."

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