Hechinger managers shuffled in 2nd phase of...

BUSINESS DIGEST

September 23, 1995

Hechinger managers shuffled in 2nd phase of consolidation

Hechinger Co. yesterday announced phase two of its consolidation: a new lineup of senior-level managers who face the task of reviving the Landover-based home improvement chain as it merges its Hechinger Stores and Home Quarters Warehouse divisions.

The company, which has absorbed five consecutive months of disappointing sales, already had announced plans to scale back store openings, cut personnel and shift operations.

Yesterday, Hechinger tapped several executives to take on added responsibilities with the consolidated company, laid off some whose duties overlapped and created a new position, senior vice president of strategic planning. That job went to Noel H. Goulston, who previously was senior vice president and general merchandise manager for the Home Quarters division.

"It's just one piece of the total picture," said Donald T. Spindel, analyst with A. G. Edwards in St. Louis. "They're doing a lot of things that they feel are necessary to position the company as a formidable competitor in their industry. But only time will tell how successful they'll be in turning things around."

CWA moves to organize USAir workers in Charlotte

The Communications Workers of America yesterday distributed fliers at Charlotte-Douglas International Airport, N.C., in an effort to organize USAir's ticket and reservation workers.

A similar attempt by the United Steelworkers of America was rejected last summer by the workers, who are the airline's largest segment of nonunionized employees. But the CWA is hoping anticipated pay cuts by the Arlington, Va.-based company now will spur the workers to organize.

In order to petition the National Labor Relations Board to schedule an election, the union must have 35 percent of eligible employees sign cards.

USAir declined to comment.

Meanwhile, USAir Group Inc. said yesterday that it stopped flying to and from Mexico City because the route is unprofitable.

Corbi's gives scholarships to five organizations

Baltimore-based Joe Corbi's Wholesale Pizza, Inc. yesterday awarded $2,000 scholarships to five organizations for their success at selling Joe Corbi's pizza kits.

The awards went to the Anne Arundel Optimist Club, the Reisterstown Girls Lacrosse, Maryland Ballet Theatre, Gettysburg High School Band Boosters and Cabbage Patch Learning Center.

Morgan Group declares quarterly dividends

The board of directors of the Morgan Group Inc. yesterday declared a quarterly cash dividend of $.02 per share of Class A common stock and $.01 per share of Class B common stock.

The dividend will be payable Oct. 16 to shareholders of record on Oct. 2.

The Morgan Group provides transportation services to the manufactured housing and recreational vehicle industries, and arranges for the movement of commercial vehicles, office trailers, automobiles, buses and freight.

IBM offers free repair of 140,000 monitors posing shock hazard

International Business Machines Corp. said yesterday that it found that a potential 140,000 of its 17-inch color computer monitors may have been built improperly, exposing users to electrical shocks if the monitors are not properly grounded.

No incidents of shock have been reported, but the company is offering to repair that model at no charge to customers, IBM said.

Affected monitors are models 9527-001, 9527-011, 9527-T01, 9527-T21, 9527-005 and 9527-015, the company said. The monitors, sold after September 1993, can be identified on the front panel as 17P, 17PT, or 17XG, IBM said.

Customers can call (800) 426-7378 to reach a representative who can help determine whether their monitor is affected by the problem, IBM said.

Motorola accuses Rockwell of patent infringement

Motorola Corp. said yesterday that it filed a federal lawsuit in Wilmington, Del., against Rockwell International Corp. over an alleged infringement of six Motorola patents for a type of modem technology known as V34.

"Some of the technology in Rockwell's products violate the V34 patents used in modem technology that are held by Motorola," said Motorola spokesman Steve Goodyear.

Motorola said it has been discussing the use of its modem technology with other companies, including AT&T Corp., but has been unable to reach a technology-sharing agreement with Rockwell.

4 Rockwell officials were unavailable for comment.

Radio chain Infinity agrees to buy 7 stations

Infinity Broadcasting Corp., the employer of radio "shock jock" Howard Stern, said yesterday that it agreed to buy seven radio stations in Dallas, San Francisco, Seattle and Detroit for $275 million, subject to Federal Communications Commission approval.

Infinity, the nation's largest radio broadcaster, said it agreed to buy the stations from Alliance Broadcasting Inc., of Walnut Creek, Calif. The seven stations represent all holdings of Alliance, a partnership headed by California businessman John Hayes Jr. that includes Goldman Sachs and Odyssey Partners.

The stations are KYNG-GM and KSNN-FM in Dallas, KFRC-FM and KFRC-AM and KYCY-FM in San Francisco, WYCD-FM in Detroit and KYCW-FM in Seattle.

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