USAir to boost BWI departures
USAir Group Inc. said it plans to offer new service that will increase its daily departures from its Baltimore-Washington International hub to 109 from 97, effective Jan. 5.
The company said it will also begin service to and from Fort Lauderdale and Tampa, Fla. USAir said new service from BWI includes flights to Charleston, S.C.; Cleveland; Columbus, Ohio; Newark, N.J.; Jacksonville, Fla.; Norfolk, Va.; Greensboro, N.C., and O'Hare International in Chicago.
Court to hear Paramount appeal
The Delaware Supreme Court formally agreed yesterday to hear an appeal by Paramount Communications Inc. and Viacom Inc. of a lower court ruling that has blocked their proposed merger.
The court also set Dec. 9 for oral arguments after receiving written assurances by Viacom and hostile bidder QVC Network Inc. that they would maintain their bids for the moviemaker and publisher until after it rules.
Stock fund investors set record
Undeterred by widespread forecasts of a market "correction," investors in stock mutual funds keep setting records on the buy side.
They poured $13.5 billion into stock funds in October, surpassing the previous high of $12.3 billion set in August, according to figures made public yesterday by the Investment Company Institute, a Washington trade group.
Morton's to close in D.C. area
Morton's, an Alexandria, Va.-based discount store chain, is closing its five stores in the Washington area after a liquidation sale, but is keeping its Baltimore store on Howard Street open, Mortimer Lebowitz, company president and founder, said yesterday.
"I'm 81 years old and two chief executive officers died last year of cancer," Mr. Lebowitz said when asked why the stores were closing. He said the Baltimore store, in the former Hutzler's Palace at Howard and Lexington streets, is not being closed because of lease restrictions. He did not know when or if the Baltimore store would eventually close, but he stressed that it would be open for the foreseeable future.
USAir cuts baggage handlers
All 87 baggage handlers for USAir's shuttle service to New York, Boston and Washington were dismissed Friday and replaced by lower-paid workers, a company official said.
The cost-cutting layoffs affected 43 baggage handlers at New York's LaGuardia Airport, 23 at Boston's Logan Airport and 21 at Washington's National Airport. The shuttle layoffs did not affect USAir employees and were not related to a $67.2 million charge USAir took in the third quarter to slash 2,500 jobs.