British Airways said it will suspend its three weekly Concorde flights between London and Washington and reduce daily runs between New York and London from two to one because of the Persian Gulf War and high fuel prices.
William F. Genoese, a leader of the New York Teamsters, said he would seek the union presidency in this year's government-supervised elections. James R. Hoffa Jr., the son of the late Teamsters president, may be a candidate on his slate.
The Senate Banking Committee approved $30 billion in new funds for the savings and loan cleanup, but in a sign of its discontent of the mounting cost, the committee refused to finance the S&L cleanup agency beyond the end of this fiscal year.
Charter Federal Savings Bank went to court to prevent the U.S. Office of Thrift Supervision from taking control of the Bristol, Va.-based thrift.
Northwest Airlines will impose a temporary $15 round-trip surcharge on domestic fares starting Friday to help counter rising costs stemming from the gulf war.
Sales of North American-made cars and light trucks in late January were down 36.3 percent from the year-ago period.
McDonnell Douglas lost $1 million in the fourth quarter, compared with a profit of $60 million in the same period last year. The company also slashed its stock dividend for the first time in recent memory, from 70.5 cents to 35 cents. McDonnell officials said both were the result of a $350 million write-off because of the cancellation of the A-12 Avenger program. The company said the Navy had reduced to $1.35 billion from $1.9 billion the amount the Pentagon says it is owed; McDonnell and General Dynamics are contesting the cancellation.
Strikes and lockouts were down in 1990, with 45 such actions last year, the second-lowest number of work stoppages on record, the government said.