BUSINESS NOTES.T-BILL RATES INCREASE: Interest rates on short-term Treasury securities rose in Monday's auction to the highest level since September. The Treasury Department sold $11.6 billion in three-month bills at an average discount rate of 5.13 percent, up from 5.06 percent last week. Another $11.6 billion was sold in six-month bills at an average rate of 5.26 percent, up from 5.18 percent. CLINTON POSTPONES AMERICAN DEADLINE: President Clinton pushed back a deadline Monday for recommendations in the contract dispute between American Airlines American Airlines Major U.S. airline. American was created through a merger of several smaller U.S. airlines and incorporated in 1934. It continued to buy the routes of other airlines, becoming an international carrier in the 1970s; its routes include South America, the and its pilots because of the possibility of an agreement. Clinton extended until Wednesday the deadline for a mediator's report on the labor dispute, hoping the extra time would lead to a resolution of the protracted pro·tract tr.v. pro·tract·ed, pro·tract·ing, pro·tracts 1. To draw out or lengthen in time; prolong: disputants who needlessly protracted the negotiations. 2. dispute. ROCKWELL SPINS OFF AUTO PARTS Auto parts are components of automobiles. They mainly are, in alphabetic order (only car specific articles or articles with car section):
conglomerate, corporation whose asset growth, often very rapid, comes largely through the acquisition of, or merger with, other firms whose products are largely unrelated to each other or to that of the parent company. said Monday that it would spin off its $3.1 billion automotive parts business to shareholders to focus on making semiconductor, factory automation and aviation products. The deal - together with Rockwell's $3.2 billion sale of its defense and aerospace businesses to Boeing Co. three months ago - centers Rockwell on more profitable businesses, such as making microprocessor chips. JUDGE OKS OKS Oshkosh, Nebraska (airport code) OKS Oracle Service Contracts (software application) OKS Old King's School (alumni of the King's School, Canterbury, Kent UK) TOYOTA COUPONS: A federal judge has indicated approval of a settlement of an overcharging suit that will give 3 million Toyota customers $150 coupons toward another Toyota, a lawyer said Monday. The suit, filed on behalf of people who bought Toyotas in the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. between April 20, 1990, and Sept. 30, 1994, accused the company of inflating the price by including an advertising cost in its invoices to dealers. |
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