Hill & Knowlton names ex-lobbyistHill & Knowlton Inc., the...

BUSINESS DIGEST

December 07, 1993

Hill & Knowlton names ex-lobbyist

Hill & Knowlton Inc., the public relations firm, yesterday named Howard Paster, who recently resigned as President Clinton's chief lobbyist on Capitol Hill, to be chairman and chief executive.

Mr. Paster, 48, will take over a firm that has been buffeted by declining billings, turmoil in senior management, cutbacks and criticism that it has shown poor judgment in its choice of clients.

TC

Prices of energy futures fall

Energy futures prices plummeted again yesterday, and anxious traders began hoping for an emergency OPEC meeting to trim production.

Light sweet crude oil for delivery in January, which added 2 cents on Friday, tumbled 40 cents, to settle at $14.57 per barrel, on the New York Mercantile Exchange -- a five-year low. Other contract months posted similar losses.

More holiday air fare discounts

Holiday travelers got their second chance to buy discounted airplane tickets yesterday as airlines cut fares around Christmas and New Year's. Some of the most popular travel days were excluded.

The sale, offering discounts up to 30 percent, was the second since October for the holiday period and signaled that some airlines still had plenty of empty seats despite earlier discounts.

Burger King pledges minority aid

Burger King Corp. pledged $100 million yesterday to support minority group franchisees and suppliers in its restaurant system over five years.

Operation Push, a civil rights group that had been negotiating with the fast-food chain over the issue, praised the company for investing in the financial health of minority communities.

Automakers fight stricter standard

Detroit's Big Three automakers offered yesterday to build cleaner-burning vehicles by the turn of the century in a bid to keep Northeastern states from adopting strict pollution standards already mandated by California.

The proposal, if accepted, could free automakers from the threat of being forced to sell electric vehicles in 12 Northeastern states.

BG&E gets 28 bids for new plant

In the first solicitation of its kind for the 177-year-old company, the Baltimore Gas and Electric Co. has received 28 bids from 22 independent power producers to build a power plant and provide electricity for the next 25 years.

The contract is scheduled to be awarded March 11, said a BG&E spokesman.

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