BUSINESS DIGEST

The Baltimore Sun

Six Flags holding job fair Saturday

Six Flags America is holding its annual job fair Saturday to hire seasonal workers for 1,500 positions at its park in Bowie. The jobs, which begin in March and run through November, are available in rides, foods, games and front gate operations, among various openings. Besides hourly seasonal positions, Six Flags is also offering college internships and limited full-time positions. Visit www.sixflagsjobs.com to start the application process. The job fair is scheduled from 10 a.m. to 5 p.m. at 13710 Central Ave. in Bowie. Call 301-249-1500 for more information.

Pepco seeks OK for transmission line

Pepco Holdings Inc. said yesterday that it has requested approval from the Maryland Public Service Commission to construct an electric transmission system through Southern Maryland that would extend 230 miles from Northern Virginia to Delaware. The 500-kilovolt system would cost $1.4 billion to build - $820 million for Maryland's segment - but would increase capacity and reduce congestion, leading to more reliable service, according to a company statement. Pepco has also applied for permits from the Maryland Department of the Environment and the Army Corps of Engineers to construct in wetlands and waterways on the Western Shore. The company expects to receive necessary approvals by the end of the year and to complete construction by 2013.

Liz F. Kay

Textron Inc. slashes dividend by 91%

Textron Inc. slashed its dividend 91 percent yesterday as the diversified manufacturer struggles with its battered finance unit. The Providence, R.I., company cut the quarterly dividend on common stock to 2 cents, down from 23 cents. Textron owns Hunt Valley-based AAI Corp. Lewis B. Campbell, chairman and CEO, said the manufacturer of Bell helicopter, Cessna jets and E-Z-GO golf carts is responding to weakness in Textron's commercial markets by making "prudent capital allocation decisions." The company's financial business has suffered setbacks as credit markets seized up. Earlier this month, Textron drew $3 billion in credit to pay off debt and pump liquidity as it exits nearly all of its commercial financial business.

Associated Press

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