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Newspaper
The Gaston Gazette
Location
Gastonia, North Carolina, United States of America
Date
Jun 21, 1995
Page
7
Greenpeace activists halted Shell plans to sink the Brent Spar platform in the North Atlantic. Shell shifted to seeking a government license to dismantle the offshore structure on shore, after environmental protests and strong opposition across Europe.
United Airlines offers to display the names of 10 top customers on its jets. Frequent fliers can bid with mileage points to have a name visible in the sky for a year. Other prizes include a 1996 Olympics trip and a France vineyard tour. Bids begin at 500,000 miles and are due by August 4 with winners announced a week later.
Curtiss-Wright Flight Systems of Shelby teams with Danish Aerotech to open an international maintenance center in Karpup Denmark servicing Europe the Middle East and Africa. The station approved by the EASA and FAA marks the third repair site after Fairfield New Jersey.
The American Stock Exchange moved to cyberspace attaching a computer to the World Wide Web to provide information about listed companies. Traders cannot trade stocks or get price quotes. The exchange seeks no business from brokers or news services. The NYSE plans a site later this summer.
Washington lawmakers and business executives testified that OSHA can be reformed without hurting workers, while AFL-CIO candidate for president disputed the approach. Ballenger, chairing the hearing, promotes a shift from penalties to voluntary prevention programs, citing White House and Gore support and noting examples of burdensome rules affecting timber and dental office laundry.
At the Charlotte Convention Center SME hosts AUTOFACT showing local firms using software to design and cut fabric, operate machinery, and prototype products. Exhibitors include IBM Cray and local firms Comtrex Lutze Inc with demonstrations of MicroStation and megabyte driven modeling.
UPS denies rumors it will lease or buy the Cherryville terminal after Carolina Freight Carriers Corp. closes its 36 acre facility along N C 150. UPS cites no plans and says the chatter is speculation, noting its Charlotte shipping center already serves the region.
Washington AP report shows 91 percent of large firms offer retirement plans, up from past years, but over 35 percent of eligible employees do not participate and contributions average about 5 percent of pay. experts warn of a looming retirement crisis without greater savings and coverage. 58 percent of firms offer 401(k) plans covering about 63 percent of employees.
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