United to offer nonstop flightUnited Airlines said...

BUSINESS DIGEST

July 04, 1995

United to offer nonstop flight

United Airlines said yesterday that it will begin nonstop service from Baltimore-Washington International Airport to San Francisco, beginning Oct. 4. The morning flight will become the fifth nonstop to the West Coast, joining three to Los Angeles and one evening flight to San Francisco operated by USAir.

United currently operates nine daily flights at BWI, including five to Chicago and four to Denver. The round-trip service to San Francisco will be on an Airbus A-320, which seats 144 passengers.

Romanians reject Marriott bid

Romanian privatization authorities said yesterday that they sold a major hotel to local bidders at a price far below that offered by Marriott International Inc. in order to keep the hotel in Romanian hands.

Sources close to Marriott say the Bethesda-based hotel chain had offered $45 million to $60 million for the Intercontinental. The hotel, a 22-story landmark in central Bucharest, was sold to investors led by the prominent Paunescu brothers for at least $10 million less than the lowest Marriott bid.

"Naturally we are disappointed with the apparent outcome of the BTC bidding process though we still have not been officially informed," said Peter Till, Marriott vice president for international hotel development in an interview from London.

GM sales down 3.9% in June

General Motors Corp., which has largely resisted the temptation of offering big rebates to consumers, yesterday reported that U.S. car and truck sales fell 3.9 percent last month from June 1994 levels.

GM said car sales for the month fell 5.3 percent to 281,286 units, while truck sales fell 1.8 percent to 183,603 units.

GM's Detroit rivals, Ford Motor Co. and Chrysler Corp., are expected tomorrow to report higher sales for June, with Chrysler likely to mark another record sales month.

Kudlow's wife wants funds frozen

The wife of economist Lawrence Kudlow reportedly has asked a court to freeze his retirement account, saying he otherwise will spend all of the money on cocaine.

The suit, filed in state Supreme Court in Manhattan late last week, has been sealed by court order as a matrimonial case. But published reports say the documents express Judith Kudlow's fear that her husband could die from a "cocaine binge" if his funds aren't cut off.

Mr. Kudlow, 47, once one of Wall Street's most respected economists and a former top official in President Reagan's budget office, left Bear Stearns & Co. under vague circumstances in March 1994 and a month later disclosed that he was addicted to narcotics and alcohol.

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