IBM sets new version of OS/2IBM, hoping to revive its...

BUSINESS DIGEST

September 08, 1994

IBM sets new version of OS/2

IBM, hoping to revive its desktop software business and exploit a delayed product introduction by the Microsoft Corp., is about to introduce a more powerful, consumer-friendlier version of the OS/2 software operating system for personal computers.

The critically acclaimed improvements to OS/2, some of which IBM disclosed yesterday, include built-in, easy access to the Internet, the global web of computer networks. Executives of the IBM Personal Software Products division here said the new version of OS/2, code-named Warp, is expected to be formally introduced next month.

USAir to unveil new product

USAir Group Inc. will unveil a new product today that is being touted as a major part of its plan to battle other carriers on its shortest routes. Company officials have referred to the new product for several months as the airline restructures operations in a bid to compete with low-cost competition in its markets.

A spokesman would not provide details but said it mostly involves on-board customer services as well as some terminal and ground operations. USAir said the product is designed for frequent travelers and results from extensive research.

Union, Dunlop reach agreement

The United Rubber Workers reached a tentative agreement yesterday on a new contract with Dunlop Tire Corp. one day after a rock-throwing picket line melee that was quelled by police in Huntsville, Ala. Some 1,600 workers have been on strike against Dunlop for 2 1/2 months.

Nationwide, nearly 6,000 URW members also are on strike against Bridgestone-Firestone Inc., Yokohama and Pirelli Armstrong.

Airlines match fares

The country's biggest airlines fell in line yesterday with the eighth major fare sale this year, offering discounts of between 15 and 50 percent.

Continental started the sale Tuesday night and by yesterday morning United, American and others had matched the fares on routes where they compete with Continental. Among the restrictions are that travelers must buy their tickets by next Friday and have to fly at least two weeks later and return by Dec. 14.

Kidder legal battle heats up

A legal tussle between Kidder, Peabody & Co. and its former star bond trader is quickly deteriorating into a near-brawl, highlighting cracks in the arbitration system that aims to settle such disputes.

Lawyers for Joseph Jett, who was fired by Kidder over an alleged scheme to create fictitious profits to inflate his bonus, have demanded that the brokerage advance Jett nearly $600,000 to pay for thousands of hours in defense costs.

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