Financial News Network said it may face "a very substantial non-cash loss" for the fourth quarter and the year if auditors decide its $28 million investment in a new financial information service must be charged against current earnings.
The Equity Group, a company that supplies meat to McDonald's restaurants in the Northeast, gave layoff notices to 54 of its 115 employees, an event that analysts are calling the latest indication that Americans are looking beyond the burger for fast-food fixes.
America West Airlines announced agreements to buy or lease 74 to 118 Airbus Industrie A-320s in a deal worth up to $5 billion. The aircraft will be delivered over a 15-year-period.
McDonnell Douglas received a $719 million defense contract for Army Apache helicopters and design of the Navy P-9 patrol aircraft.
Victor Co. of Japan said it will create a new record company with the music division of the U.S. entertainment giant MCA. The new company, formed between JVC and MCA Music Entertainment Group, will market and promote the record labels MCA, Geffen and GRP in Japan.
Electric Boat gave layoff notices to 582 employees at its Groton, Conn., and Quonset Point, R.I., plants, citing declining military orders and uncertainty about federal defense expenditures. The layoffs, mainly of support personnel, represent less than 3 percent of the total work force of Electric Boat, a division of General Dynamics Corp. But company officials said as many as 5 percent could receive layoff notices by November.
Seattle is the best city in the United States to locate a business, according to a national survey of business executives by Cushman and Wakefield.