Saturn tops satisfaction list
Saturn owners showed the most satisfaction with their new cars, according to a survey issued yesterday by the J.D. Power and Associates marketing firm.
European nameplates outnumbered domestics on the 34-slot list for the first time in the nine-year history of the survey. They took half of the top 10 spots, while the domestics had three and the Japanese two.
More than 90 percent of Saturn owners said they were very satisfied with the way their car was sold and delivered, far above the industry average of 76 percent. Nissan's Infiniti division came in second in the survey; GM's Cadillac and Toyota's Lexus tied for third at 149.
Fidelity buys into USAir
The Fidelity group of mutual funds has acquired a 6.35 percent stake in financially troubled USAir Group Inc.
Fidelity funds and managed accounts hold a total of 3.89 million USAir common shares, according to a Schedule 13D filed today with the Securities and Exchange Commission.
Four funds acquired 2.41 million shares on April 19 and 20 at $6.91 to $7.43 a share. The most recent transaction was the May 22 purchase of 400,000 shares at $7.99 each. USAir's shares closed yesterday at $11.625, up $1.
Comnet Corp. sells a unit
Lanham-based Comnet Corp. said yesterday that it has sold the assets and business of COM-MED Systems Inc., a wholly owned subsidiary that provides computer software systems to the nursing home industry, to MED-COM Acquisition Corp. of Manasquan, N.J.
Theodore Raffetto, a former vice president of Bell Atlantic Corp., will be chairman and chief executive of the new company, which will operate under the COM-MED Systems name. Comnet said Dayton, Ohio-based COM-MED's current work force of about a dozen would remain in their current roles. Full details of the sale were not released, but Comnet said the terms include an option for it to acquire up to 25 percent of the new company.
Secret Service buys IRE modems
Information Resource Engineering, a White Marsh-based maker of computer security devices, said yesterday that the U.S. Secret Service has purchased the company's AX400 Secure Modems to protect communications between its field agents and the service's mainframe computers in Washington.
IRE said its modems will let field agents working from remote sites connect with the main computer without jeopardizing the security of sensitive data. The Secret Service joins the U.S. Treasury Department and FBI as customers of IRE.