Affirmative action challenge
NationsBank Corp. has filed a lawsuit challenging how the federal government is monitoring the company's record on affirmative action.
The suit seeks to stop the U.S. Labor Department from using bank-employment records in two cities to review the Charlotte, N.C.-based banking company's record on hiring and promoting women and minorities.
NationsBank says in the suit, filed last week, that the department's "unwarranted and unreasonable designation" of its Tampa, Fla., and Columbia, S.C., operations for review could cause the bank "to suffer actual injury," because the department can bar the company from federal contracts. NationsBank recently won a $45.8 million Postal Service contract.
RTKL awarded contracts
RTKL Associates has received contracts to design $170 million worth of building projects in the United States and Britain.
The Washington office of Baltimore-based RTKL has been awarded the design contract to modernize three structures in the Federal Triangle to house a major portion of the relocated headquarters of the Environmental Protection Agency. The $100 million, 1.2 million-square-foot project is intended to make the EPA workplace a national model of environmentally sensitive design.
RTKL's international division, RTKL International Ltd., has been hired to design a $70 million refurbishment and renovation of the Trocadero, a historic multi-building complex in Piccadily, the heart of London's West End.
Dutch firm takes over Barings
The Dutch financial conglomerate ING Group took control of Barings PLC yesterday, saying it wants to resurrect the storied bank's business.
Barings went bust on Feb. 26 after accumulating what ING said were about $1.38 billion in losses on Asian futures markets.
McCaw quits wireless bidding
Billionaire investor Craig McCaw dropped out of the bidding yesterday for licenses to offer the next generation of wireless telephone services.
Mr. McCaw's ALAACR Communications Inc., which had bid up prices for several of the most sought-after markets, withdrew from the Federal Communications Commission's airwaves auctions during the 100th round.
Diller exits from QVC
Barry Diller, the Hollywood master television programmer who took over QVC Inc. in 1993 amid a blaze of publicity, has left the television shopping firm quietly.
A QVC spokeswoman said yesterday that Mr. Diller left his post as chairman and chief executive unannounced, but as intended, after completion of QVC's takeover by cable operators Comcast Corp. and Tele-Communications Inc. on Feb. 17.