Discounts offered on ulcer drug
SmithKline Beecham Plc said it's offering U.S. consumers a $10 discount when they buy the U.K. pharmaceutical company's Tagamet ulcer drug. In a statement, the company said rebate coupons will be available through physicians' offices and in retail drug stores across the United States.
Go-ahead given on TV technology
A group of companies collaborating on high-definition television technology received clearance yesterday to build a prototype system.
An advisory panel to the Federal Communications Commission unanimously recommended that the companies begin construction on four of the system's components -- audio, scanning formats, video compression and transport.
IBM, Hewlett-Packard cut PC prices
IBM cut prices up to 26 percent on its top-of-the-line personal computers that run networks of desktop models. And Hewlett-Packard Co. chopped the price of several midrange PCs up to 12 percent.
The actions yesterday came as PC makers put the final touches on product lines in preparation for Comdex, the computer industry's largest trade show, which takes place in Las Vegas next week.
Smoking restricted at BWI
Effective today, smoking will be allowed only in designated areas at Baltimore-Washington International Airport, including cocktail lounges, airline clubs and offices not accessible to the public.
Signs throughout the terminal will alert passengers to the restrictions and to areas designated for smoking.
Umbrella banking agency sought
Two key members of the Senate Banking Committee introduced legislation yesterday that would create a single agency to regulate the banking industry.
The bill would eliminate overlap in the current system by merging the Comptroller of the Currency, the Federal Reserve Board, the Federal Deposit Insurance Corp. and the Office of Thrift Supervision into a single Federal Banking Commission.
2 rights groups attack QVC bid
Two civil rights groups filed a petition yesterday with the Federal Communications Commission attempting to block QVC Network Inc. from buying Paramount Communications Inc.
The National Association for the Advancement of Colored People and the League of United Latin American Citizens alleged that one of QVC's major backers -- John Malone, chief executive of cable TV company Tele-Communications Inc. -- has a record of discriminating against minorities.