Wednesday, April 30, 2003

Business digest



From wire reports

United attendants approve contract

CHICAGO - United Airlines closed in Tuesday on its goal of cutting labor costs by a third in bankruptcy when flight attendants ratified a contract saving United $1.6 billion over six years.

Unions representing mechanics and baggage handlers - the only remaining United groups not to have ratified - voted separately on whether to approve contracts calling for similar concessions. Results weren't expected until late Tuesday night or early this morning.

Dangerous recalled products still in use

WASHINGTON - Old power tools, drawstrings on kids' jackets, and loops on window blind cords kill dozens of Americans each year, despite government warnings and recalls, the Consumer Product Safety Commission said Tuesday.

About 30 infants die annually in old cribs with wide spaces between the slats, the commission said, in another example on a new list of common hazardous consumer products still in use.

No firm offers for Vivendi music unit

PARIS - French media giant Vivendi Universal is in talks to sell its entertainment division but has not yet received any firm offers for its music group, the company's chief executive said Tuesday.

Jean-Rene Fourtou gave shareholders a status report on the heavily indebted company's efforts to sell off 16 billion euros ($17.6 billion) of assets by the end of 2004. The media giant's U.S.-based assets are widely expected to be the first to be sold.

New Andy goes on $20 bill next month

WASHINGTON - The $20 bill featuring Andrew Jackson's new look will be shown to the public for the first time in May, officials from the Bureau of Engraving and Printing said Tuesday.

The wrappers will be taken off the updated bill on May 13.

The $20 bill is getting a makeover to thwart high-tech counterfeiters.



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