In the Region New Web site has announcements about Md...

BUSINESS DIGEST

May 20, 2000

In the Region

New Web site has announcements about Md. companies

The Maryland Department of Business and Economic Development said yesterday that PR Newswire, a New York-based business news and public relations service, has begun providing announcements about Maryland companies on a DBED Web site, www.choosemaryland.org.

The Web site also offers such information as business-licensing requirements and contacts, export and import facts and business resources that the state offers.

Metastorm acquires e-business consultant

Metastorm Inc., a Severna Park developer and marketer of electronic business software, said it has acquired Software Systems Group, a Springfield, Va., government e-business consultant. Terms were not disclosed.

SSGI's 31 employees will remain based in its Northern Virginia office. Metastorm has 204 employees and had sales of $15 million last year.

Elsewhere

Nissan posts a loss of $6.3 billion for year ending March 31

The Nissan Motor Co., Japan's third-largest carmaker, reported yesterday that its losses widened to 684.4 billion yen ($6.3 billion) on a consolidated basis in the fiscal year that ended March 31.

The losses came as the company erased outstanding pension liabilities, adopted new accounting practices and moved to close plants and cut employees.

Most alarming was the 10.5 percent slide in sales, which fell to 5.97 trillion yen, or $55.3 billion, from 6.6 trillion yen in fiscal 1998. In the current fiscal year, the company expects sales to rise 2.1 percent.

2.4 million acres taken out of production

The Agriculture Department accepted 2.46 million acres of land yesterday into the Conservation Reserve Program, which pays farmers to take environmentally sensitive land out of production for at least 10 years.

Montana had 263,629 acres approved, the largest amount of any state.

Texas was next with 197,297 acres, followed by Washington with 195,621, North Dakota with 181,688, Iowa with 178,997 and Kansas with 154,422.

The acreage accepted yesterday will push the program's total enrollment to 33.5 million acres.

Weather causes United to scrap 400 more flights

United Airlines canceled about 400 of its 2,400 daily flights yesterday because of bad weather in several key U.S. cities.

Violent spring storms swept across the central United States on Thursday, when the airline said it canceled more than 500 flights.

This column was compiled from reports by Sun staff writers, the Associated Press, Bloomberg News and Reuters.

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