In the Region Sale of assets of Caliber Learning to...

BUSINESS DIGEST

October 27, 2001

In the Region

Sale of assets of Caliber Learning to Sylvan is OK'd

The U.S. Bankruptcy Court recently approved the sale of most assets of bankrupt Caliber Learning Network to its former parent, Sylvan Learning Systems Inc. of Baltimore.

Sylvan paid $750,000. It was the lone bidder for assets that included client relationships, intellectual property, software and some equipment. Sylvan intends to re-sell the assets to iLearning, Inc., an education technology company in which Sylvan Ventures has an investment, said R. Christopher Hoehn-Saric, Sylvan Ventures chairman and chief executive officer.

Sylvan paid Caliber, a corporate training company, $255,000 in cash. The remainder of the deal involved liabilities Sylvan assumed, including a $310,000 loan it earlier made to Caliber. Since Caliber filed for bankruptcy last spring, most of its remaining 20 employees have been hired by Sylvan. Sylvan and MCI WorldCom Inc. created Caliber in 1996.

British Air now will fly to Heathrow from BWI

British Airways said yesterday that its daily flights between Baltimore-Washington International Airport and London will operate to and from Heathrow Airport beginning tomorrow.

The flights had previously operated to and from Gatwick Airport, some 40 miles south of London. Heathrow is about 17 miles west of the city, and connects to London's Paddington Station by express train.

British Airways first announced the move last month when it cut 10 percent of its capacity following the Sept. 11 terrorist attacks.

Charter change brings Chamber to Dundalk

The Dundalk Association of Business is changing its charter to become the Dundalk Chamber of Commerce, effective Dec. 31.

The 60-member association is changing its status in an effort to expand its role. In addition to general business issues, the new organization will focus on networking and improving housing and job opportunities. Dick McJilton of McJilton Insurance Agency will serve as the chamber's president.

Elsewhere

Verizon and SBC pay $3.8 million in federal penalties

Verizon Communications Inc. and SBC Communications Inc. paid a combined $3.8 million to the U.S. government this month for failing to meet requirements on the treatment of rivals that use their networks.

Bell Atlantic Corp. and GTE Corp. accepted thousands of performance benchmarks when they merged last year to form Verizon. SBC agreed to a similar plan to win U.S. approval of its 1999 purchase of Ameritech Corp. The conditions require carriers to give competitors equal access to the lines, computers and switches needed to provide phone service.

Some Kraft workers offered early retirement

Kraft Foods Inc., which is integrating Nabisco Holdings Corp. into its business, is offering some U.S. workers early retirement in a program that is expected to eliminate 1,000 jobs.

About 1,400 workers are eligible for the voluntary plan. If fewer than 1,000 accept, Kraft will make additional cuts through attrition, a spokesman said. The company has 117,000 workers worldwide.

Dell's ready-made PC now on shelves for $599

No. 1 personal computer maker Dell Computer Corp, which made its name by selling made-to-order computers directly to customers, took a small step away from that strategy yesterday by selling a ready-made PC with a much lighter price tag.

The introduction of the $599 computer, priced $100 below any of Dell's other offerings, comes as PC makers slash prices to gain incremental business amid sluggish demand.

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

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