HDTV signal test shows long distance high def transmission
Zenith Electronics and AT and T completed a Milwaukee to Glenview long distance HDTV test, proving their digital high definition system can reach wider areas with higher quality signals. The Milwaukee station transmitted to Zenith's Glenview facility, 75 miles away, in a proof of concept for expanded HD broadcasting.
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Chicago
Zenith Electronics Corp
American Telephone & Telegraph Co
Milwaukee
Zenith
Glenview
Ill
Fare war may boost mega carriers despite consumer gains
Airlines cut summer fares triggering a broader price war that could leave travelers with fewer choices. Observers warn weaker carriers like Trans World,TWA and America West may fail, enabling giants American United and Delta to hold prices high. Georgia signs a travel contract with TWA amid Delta objections over the new discount limits.
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EW York
Northwest Airlines
American Airlines
American
United
Delta
Philip Davidoff
American Society of Travel Agents
Davidoff
Airlines
America West Airlines
Continental Airlines
Northwest
Fare war sets record on long distance calls
AT&T reports a record one day high with 159.6 million calls as travelers rush bargains. About half were 800 service calls amid a nationwide fare sale by Northwest Airlines American Airlines and others offering steep cuts on long distance tickets to Los Angeles.
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EW York
At&t
John Skalko
Northwest Airlines
New York
Los Angeles
Dow slips after brief push past 3400 in late trading
The Dow Jones Industrial Average edged down 1.55 points to 3396.88 after an early surge beyond 3400. The index ended the week up 10.11 points following a day of mixed gains and losses. Volume neared 203 million shares as sixteen Iowa stocks rose, sixteen fell, seven held steady. General Mills rose 1.25 to 63. Heartland Express dropped 1 to 32.54. Analysts noted solid GDP and profits data backing expectations for further gains.
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SPI Hid Pt
Wanglabb
Ee ivaxCps
Cisco
le Amex
Amex
Indus
Standard & Poor’s
Indust
Wilshire Associates
Associated Press
Australian fraudster Alan Bond jailed for two years
Alan Bond, once a self made Australian tycoon who funded Australia’s 1983 America’s Cup win, received a two year prison sentence for fraud in Perth District Court. He faced charges over a 12 million fee tied to a Rothwells bailout and was declared bankrupt after his divorce. He built Bond Corp and led a vast empire spanning brewing, media, and mining before collapse.
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Ian Callinan
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Rothwells
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Chile
Heileman Brewing Group
Tax credit could boost alternative fuels in 1994
Chrysler officials and lawmakers briefed on a proposed $2,000 tax credit to buyers of alternative fuel vehicles and fueling stations. Rockefeller urged incentives to spur adoption while debates over whether the credit covers only extra costs or is a flat amount continue. Chrysler will offer flexible fuel option in 1994 mid size cars with 1993 models at no extra charge this summer.
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Mich
Chrysler Corp
Chrysler
John Rockefeller
D-W.va
Sander Levin
Dmich
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House
Senate
Rockefeller
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