MNC Financial, the area's largest bank company, said it repaid $271 million in loans from its two bank subsidiaries, American Security Bank and Maryland National Bank. Money to repay the loans was raised by the sale of stock in MNC's credit card operation.
Honda is trimming production about 2.9 percent at Japanese and Ohio car assembly plants to cope with sagging vehicle demand in the United States.
Chrysler will temporarily close its Windsor, Ontario, minivan plant next month, laying off about 4,400 workers, union officials said. The shutdown, scheduled for the week of Feb. 18, would be the first sales-related shutdown since 1984, when the plant began producing the Dodge Caravan and Plymouth Voyager. Chrysler officials would not confirm the shutdown.
AT&T announced a product, called the Home Agent, that will allow employees of call-answering centers to work at home, even if they live thousands of miles from the call center.
MCI announced an alliance with major foreign telephone companies to provide one-stop shopping to large companies that want to set up private communications systems linking offices in different countries.
Hilton Hotels wants to open an Atlantic City casino and considers the troubled Trump Castle casino a prospect. Separately, it was reported that another Trump casino, the Taj Mahal, would be placed in bankruptcy proceedings by April 8 as part of a previously announced plan to restructure its ownership.
The Justice Department urged a bankruptcy judge to delay approving the sale of certain Eastern Air Lines assets until it completes an antitrust investigation.
Record Publishing, headed by Ted Venetoulis, former Baltimore County executive, acquired the Bowie Register and Crofton Record weekly newspapers. Record laid off 12 of the papers' 15 employees and will convert them to fortnightly frequency next month. Record Publishing is an investor in several local weeklies, including the Silver Spring Record.
Yugoslavia opened talks with the IMF on a $1 billion standby loan. The loan would pave the way for $2.5 billion of additional credits from Western banks and governments. Yugoslavia needs the credit in order to steer its communist economy toward market-oriented reforms and to service its foreign debt, which currently totals about $16 billion.
Rolls-Royce will cut 1,500 jobs by the end of this year because of the growing world recession and the effect of the Persian Gulf crisis on airlines. Rolls-Royce, an airplane engine maker, is a separate company from the Rolls-Royce luxury car maker.
USX said its 1990 earnings fell 15 percent, and fourth-quarter profit rose 9.4 percent.
National Intergroup said third-quarter earnings tumbled 91 percent.
Warner-Lambert said fourth-quarter earnings rose 14 percent.
Control Data said it lost $23.8 million in the three months ended Dec. 31. The loss compared with a loss of $196.4 million in the same quarter last year.
Unisys reported a loss of $88.5 million in the fourth quarter, compared with a profit of $34 million in the same quarter of 1989. It lost $436.7 million for all of 1990, compared with a loss of $639.3 million in 1989.
Colgate Palmolive, General Mills, Kellogg and S.C. Johnson were the top-rated companies in social responsibility, according to the Council on Economic Priorities, a public-interest group. The group's worst-rated companies were American Cyanamid, Castle & Cooke, USX and Abbott Laboratories.