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BUSINESS
BRIEFS
Airbus Planning To Sue Boeing
.i-
“ B o e in g m ade rem arks w h ich were
E uropean p la n e m a k in g c o n s o r
tiu m A irb u s Ind ustrie said F rida y it
e x tre m e ly
was p re p a rin g legal steps against
clo se to d e fa m a tio n ,” he said.
c o n tro v e r s ia l, c o m in g
B o e in g C o . fo r rem arks it says B o e in g
" I t w ill now a ll depend on B o e in g ,
made in sales n e g o tia tio n s w ith A ir
i f they com e back on th e ir statem ents
then w e w ill re co n sid e r,” he added
In d u stry ob serve rs b e lie v e A ir In
* • i..
.. first six . m « onths
m iu U c
rxi
QUA
In a
the
o f t 1996,
dia req uire s som e 10 lo ng -ra ng e a ir
/Xirbus w on 48 percent o f new orders
A irb u s e xe cu tive s have re ce n tly
c ra ft seating betw een 200 and 400
fo r planes w ith m ore than 100 seats.
said that they saw the m a rke t fo r new
B o e in g to o k 49 percent and M e D onnell
planes in the In d ia n su b co n tin e n t
passengers.
B o e in g is p ittin g its newest 777
D ouglas C o rp to o k the rest.
in c lu d in g the z\i
A irb u s 3 10.
inrtudinp
In d ia , P akista n, B angladesh and S ri
c ra ft against the A irb u s 340 in the
B o th m an ufacture rs have m ade
La n ka — at 4 0 0 planes w o rth $30
latest c o n fro n ta tio n betw een the tw o
b id s to A ir In d ia , but the a irlin e has
b illio n in the n e xt tw o decades. O v e r
"B o e in g ha scla im ed that the cruise
speed o f o u r A 3 4 0 is lo w e r than th e ir
com panies, w h ic h are fig h tin g to r
asked the m akers to im p ro v e th e ir
proceedings but o u r legal advisors
E nro n says i t ’ s signed a d e fin i
are p re p a rin g the m atter. W e c o n s id
7 7 7 ,” the spokesm an said. “ T h a t is
d o m in ance o f the w o rld c iv il plane
tiv e agreem ent to a cq u ire P ortla nd
er that B o e in g has made statem ents
n o t tru e ; th e ir speed is c o m p a ra b le ."
G eneral C o rp ., in a $2.1 b illio n
that com e d o w n to p u b lic d e n ig ra
A t the heart o f the m atter are fierce
m arket
B o e in g is s till s e llin g m ore planes
bids.
T h e spokesm an c o u ld n ot say ho w
h a lf w i ll be f o r Ind ia.
A irb u s In d u s trie is a c o n s o rtiu m
stock deal that w ill create one o f
tio n ,” an A irb u s spokesm an said by
n e g o tia tio n s w ith A ir In d ia o v e r a
the biggest u t ilit y com p an ies in the
telephone fro m corp ora te headquar
nation. C o m in g am id a c o n s o lid a
ters in T oulou se
Enron to Buy
Portland General
tio n in the industry p ro p e lle d by
India.
"W e have not yet started legal
lo n g the n e go ta tion s w ith A ir In d ia
S o c ie te
than its y o u n g e r E uropean riv a l but
c o u ld last nor the size o f the o rd e r,
A e ro s p a tia le , B ritis h A erospace P ic,
plan e o rd e r fo r the c o m p a n y 's M e d i
the fo u r-n a tio n c o n s o rtiu m is intent
um C a p a c ity -L o n g Range ( M C L R )
on g ra b b in g at least h a lf o f the m u lti-
w h ic h he said w o u ld be “ im p o rta n t.
A ir In d ia operates a fleet o f B o e in g
b illio n - d o lla r m arket.
747 planes and som e s m a lle r types.
re q u ire m e n t
b ig custom ers seeking p o w e r fro m
cheaper sources, the deal is a n tic
Sunbeam Shares
Recharge
ipated to have a m a jo r im pact.
Babies and sun not a good m ix
m ade u p o f F re n c h s ta te -o w n e d
N a t io n a le
I n d u s t r ie l le
D a im le r-B e n z A erospace, a u n it o f
D a im le r-B e n z A G , and C o n s tru c
cio ne s A e ro n á u tic a s S A o f Spain
Japan Carmakers In Continual Slump
p ro d u c tio n was d o w n 0.5 percent at
.
. . z-. i .
P ra d o " and "S ta rle ts " to E urope.
N o . 2 ranked N issan M o to r C o.
.» n o p rin
n d.
5 9 3 ,8 9 6 in »K«
the
e rio
“ C h ild re n younger than 6 m onths
S tro n g do m estic dem and fo r rec
should not be exp ose d to sun for
re a tio n a l v e h icle s fa ile d to p u ll Ja
1.67 m illio n units.
long periods and never placed in
p a n ’ s auto in d u stry out o f its slu m p in
L td said its January-June p ro d u c tio n
the firs t h a lf o f the year, w hen o u tp u t
fe ll 7.7 percent to 7 9 5 ,0 4 3 .
increase its d o m e s tic car sales.
expects car sales to re co ve r in the
N is s a n ’ s e xp o rts te ll 8.3 percent
M its u b is h i w i ll launch the new
signed an agreem ent to acquire
direct s u n lig h t," said Dr. Jan Drutz,
a pediatrician at B aylor C o lle ge o f
The com pany said the figu res were
about w hat it expected, a d d in g that it
M its u b is h i ho pe s th a t its new
“ G a la n t" m e d iu m sedan w i ll he lp
K eysto ne H o ld in g s Inc. and its
M ed icin e in Houston. " I n addition,
dans and p o o r exports.
O v e ra ll v e h ic le p ro d u c tio n in the
la tte r h a lf o f the year, w hen it w ill
to 2 7 4 , 149 veh icle s, w ith e xp o rts to
“ G a la n t” in the fa ll.
H o n d a M o to r C o . L t d ’ s o u tp u t
Wash Mutual to
Acquire Keystone
W a sh in g to n M u tu a l says it ’ s
slo w e d due to w eak dem and fo r se
launch its m a in sta y lu x u ry sedan
the U n ite d States d o w n 14.3 percent
pool area," D ru tz said. "S u n lig h t
January-June p e rio d fe ll 4.3 percent
fro m a year e a rlie r to 5.08 m illio n
" M a r k I I " series.
E xp o rts also fe ll in the firs t ha lf,
at 127,542.
A n a ly s ts said the "n e w m o d e l e f
can refle ct o f f the water o r the sand,
ve h icle s, in d u stry sources said F r i
s lip p in g 2.5 percent due m a in ly to
fe c t" o f the " M a x im a ” w o re o ff, h u rt
sales h e lp e d o ffs e t a d e c lin e in e x
a b a n k in g com p an y w ith m ore than
$42 b illio n in assets, $23 b illio n o f
deposits and 500 o ffic e s in seven
brella is used.” I f outside, dress the
day.
T o y o ta M o to r C o rp ., the n a tio n ’ s
lo w e r shipm ents to the U n ite d States,
in g sales.
M its u b is h i M o to rs C o rp , said its
po rts, it said.
causing sunburn even when an um
W estern states.
baby in light-co lore d clo th in g.
b ig g e st car p ro d u ce r, said its v e h icle
A m e ric a n S avings B a n k sub sid
it's not a good idea to take an infant
ia ry in a sto ck swap. W ash in g to n
to a sandy beach o r a sw im m in g -
M u tu a l said the deal w o u ld create
Media General Deal
Announced
M e d ia G en eral, c a p p in g a year
o f aggressive g ro w th , says it w ill
w h ic h ove rsha dow ed h ig h e r e xp o rts
o f the re m o d e lle d " L a n d C ru is e r
PDC Gives Okay To Business Loans
A t th e ir m o n th ly m e e tin g W ednes
de ve lo p s fo o tw e a r un de r the " N a u ti
day, Ju ly 17, T h e P o rtla n d D e v e lo p
m o ld in g o f sm a ll m etal parts to the
T he com pany is no w p la n n in g to
p u rcha ser’ s sp e c ific a tio n s . I he loan
expand its sh o w ro o m and relocate
a cq u ire Park A c q u is itio n s Inc., fo r
m ent C o m m is s io n a p p ro ve d loans
lus” bra nd name.
A c c o rd in g to FSI P resident B ruce
$ 7 1 0 m illio n in cash. Park A c q u i
fo r three N /N E P o rtla n d Business
Feathers, the com p an y plans to h ire
proceeds w ill be used to fina nce cap
ita l eq uipm en t and w o rk in g ca p ita l,
sitio n s is the parent o f m ed ia con-
| glo m e ra te Park C o m m u n ic a tio n s
loans that w ill add betw een 106 and
s ix
The
cre a tin g 12 new jo b s by the close ot
132 jo b s fo r residents in the area.
$ 5 0 0 ,0 0 0 loan rece ive d fro m PD C
th is calendar year and p ro je c tin g an
O ne loan was granted to F o o tw e a r
w ill be used to co m p le te m a n u fa c
a d d itio n a l 80 to 100 jo b s in the next
S pe cia lties In te rn a tio n a l (F S I), lo
ture and purchase o f in v e n to ry nec
essary to f i l l cu rre n t orders and w ill
three years.
N e il K e lly C o m p a n y, IN C . a 49-
Inc.
US, Japan Agree on
Chip Format
v e h ic le o u tp u t fe ll 16.6 percent to
cated on N . Page Street. F S I, a s p in
to
12 N / N E
re s id e n ts .
Japan and th e U n ite d
n a tio n a l, designs, de ve lo p s and m a r
be rep aid in ten m onths.
A loan in the am ount o f $ 2 0 0 ,0 0 0
S tates’ to p m ic ro c h ip m akers have
kets a th le tic shoes fo r the w o rk p la c e ,
agreed on a fo rm a t fo r flash m em
o f f co m p a n y o f A V I A G ro u p s In te r
year o ld q u a lity re sid e n tia l design/
the cu rre n t ca b in e t m a n u fa ctu rin g
o p e ra tio n to leased in d u s tria l space
a d d in g about 20 new jo b s . In a d d i
tio n , the com pany has c o m m itte d to
e n te rin g in to a F irst Source e m p lo y
m ent agreem ent w ith PD C ta rg e tin g
PD C 'S $ 8 0 0 ,0 0 0 loan w ill finance
w as granted to Engineered P a rtic u
been located in P D C 's Inner N o rth /
late T e ch n o lo g y C o rp o ra tio n (E .P .T ).
N o rth ea st T a rg e t area since 1966. In
ty at the curre nt lo c a tio n fro m the
in c lu d in g n o n -s lip s te e lto e , r e in
o ry m ic ro c h ip s , jo in in g hands in
T h e one yea r o ld co m p a n y located
1995 and 199 6, N e il K e lly C o m pa ny
state o f the late N e il K e lly by his son,
fo rce d toes and p la in toe pro du cts.
the race to d e ve lo p the m arke t fo r
W ith the A V I A d e c is io n to focus
on N . Ross St. m anufactures in trica te
the next ge ne ration o f e le ctro n ic
e x c lu s iv e ly on w o m en s a th le tic w ear
m etal parts fo r use in in d u strie s in
was rated as one o f the to p 100 c o m
panies to w o rk fo r in O regon by
devices. In te l and A d va n ce d M i
and shoes, FSI becam e the sole d is
c lu d in g b io te c h n o lo g y , a u to m o tiv e
O re g o n Business M ag azine and is
c ro D e vice s o f the U n ite d States
trib u to r o f A V I A W o rk lp la c e F o o t
and business m achines. I he co m p a
one o f the state's to p ten in c o m m u
and Ja p a n 's F u jits u and Sharp
wear. T h e com p an y also designs and
ny s p e c ia liz e s in m e ta l in je c tio n
n ity in vo lve m e n t
er.
Intel to Offer Free
Software
te r su cce ssfu lly o w n in g and o p e ra t
rad o B la ck C h am b er o f C o m m erce
P rocu rem e nt C o m m itte e ; ap po inte d
In te l says it w ill b e g in o ffe rin g
I free s o ftw a re that w ill m ake it eas
ie r fo r personal co m p u te r users to
m ake long-distance telephone calls
fo r m in o ritie s and w o m en . She b u ilt
c a tio n C o m m itte e ; de sig n a te d as
he r c lie n t lis t in to a W h o ’ s W h o o f
“ W om an on the M o v e ” in D e nve r
D e n ve r businesses in c lu d in g C oors,
C o rp o ra te
P e p s i,
K C N C - T V special " B la c k W om en
a v a ila b le on the In te rn e t sta rtin g
W ednesday. It em braces a new
te c h n o lo g y that w ill a llo w users o f
d iffe re n t co m p u te rs and telephone
H ill,
K a is e r
A r tis ts , and
E n tr e p r e n e u r s ” ;
h o ste d on
w o rk e d
w it h
K R M A - T V on a te le v is io n pro gra m
to p ro v id e e m p lo y m e n t fo r G E D
c o m m u n ity . She was a p p o in te d by
graduates; and served as a yo u th
C o lo ra d o ’ s State G o v e rn o r to the
m en to r to h ig h -ris k adolescents on
tra v e l R e d u ctio n A d v is o ry B oa rd;
in n e r-c ity m id d le schools.
Airlines
Earnings
A lb e r ta T h o m p s o n
A lb e rta T h o m p so n , w h o was the
T e xa co , M o b il, A m o c o and A t
1992 C o lo ra d o B la ck Business W o m
C ontinental A irlin e s and N o rth
la n tic R ic h fie ld re p o rte d stro n g
an o f the year, has been nam ed D ire c
west A irlin e s reported sharply h ig h
j seco nd -qua rter earnings tod ay, as
| dem and surged w h ile o il and natu
to r and V ic e P resident o f P ro Found
er second-quarter earnings today,
P rofessional Search S ervices in O re
boosted by sm all increases in aver
ral gas su p p lie s shrank and prices
gon. Pro F oun d is the new P erm anent
age fares and gains in passenger
soared. E x x o n ’ s p ro fits e d g e d lo w
Placem ent D iv is io n o f P ro Tern P ro
tra ffic as the sum m er vacation sea
er fro m ye a r-ag o reco rd le vels as
fessional S ta ffin g S ervices, a lo c a l
son started. C ont i nenta I, t he na, i on ’ s
the co m p a n y spent m ore on c a p ita l
ly -o w n e d co m p a n y since 1981. T he
fifth largest carrier, said the quarter
and e x p lo ra tio n , and O c c id e n ta l
new d iv is io n expands P ro T ern fro m
was its m ost p ro fita b le quarter ever.
P e tro le u m 's results w ere h u rt by
a service s p e c ia liz in g o n ly in te m p o
lo w e r tra n sp o rt m argins.
rary and te m p -to -h ire p la ce m e n t in to
a fu ll service e m p lo y m e n t agency.
M a g a z in e ;
A T & T , am o ng others.
T h o m p so n was also a leader in the
so ftw a re to ta lk to each other.
Energy Companies
Report Earnings
C H 2M
P e rm a n e n te , U n ite d
o v e r the Intern et g lo b a l co m p u te r
I n e tw o rk . T h e p ro g ra m w ill be
to the M in o r ity E nte rprise , Inc. E d u
W ife
^ J o rtla x tb
(O b sc ru c r
Call 503-288-0033
Dads
rep aid in 18 m onths.
Big Lender Opens
Oregon Office
ness, has opened its firs , o ffic e to
selected as C h a irp e rso n to the C o lo
D e n v e r that focused on placem ent
and C E O . T he b u lk o f the loan w ill be
le a d in g bank lend er to sm all b u s i
T h o m p s o n com es to P o rtla n d a f
in g her o w n e m p lo ym e n t agency in
T om K e lly , the c o m p a n y 's President
B ank o fC o m m e rc e , the n a tio n ’ s
A Pro Found Director
products co m p a tib le w ith each o th
COMMUNITY
N o rth /N o rth e a s t residents.
the purchase and re p a ir o f the p o v e r
I m em o ries, b a s ic a lly m a k in g th e ir
cent to 5 1 2 ,6 5 8 . R obust do m estic
o n N .E . M a rtin L u th e r K in g , Jr B lv d .
re m o d e lin g and ca b in e t service, has
agreed to d a y to standardize the
| so ftw a re in te rfa ce o f th e ir flash
w as little changed, fa llin g 0.1 p e r
serve the g ro w in g O rego n sm all
business m arket.
I he o ffic e , located at 222 S W .
C o lu m b ia Street, S uite 1 120, is the
Service
Speedy Service
Friendly
Call For Quote
tenth se rvin g sm all business in the
W estern states, a c c o rd in g to Steve
M a tte rn , S en io r V ic e P resident/
SBA
N o rth e rn
R e g io n a l Sales
M anager.
The office w ill provide S B A guar
anteed loans ranging from $50,000
to $2.5 m illio n to a w ide variety o f
O regon sm all businesses.
healing oils
Best Cash Prices
104 NE Russel
Portland, OR 97212
282-5111
Maybe we can’t make Northeast Portland a
perfect place to live. But w e’re making
hundreds of improvements.
N o rth w e s t, the N o . 4 a irlin e ,
said p ro fits n e a rly d o u b le d in the
qu arter, tra d itio n a lly a stro n g one
fo r th e n a tio n ’ s a irlin e s . W h ile the
Roy Jay &
The African American Chamber o f Commerce
results exceeded e xp e cta tio n s on
W a ll Street, the stocks o f both
a irlin e s fe ll on in v e s to rs ’ con cern s
invite you to an informational meeting
to hear CEO Leon Smith
share information about the
Albina Community Bank
Public Offering o f Common Stock
The stock is priced at an affordable rate to allow for participation by
individuals with varied incomes
that a slo w d o w n in the eco n o m y
ings plun ged 39 p e r c e n t in the second
SecdthaTiiture
Tuesday. July 30. 1996
6:00 - 8:00 p.m
Roslyns Garden Coffee House
14 th Place & Alberta
Light Refreshments
q u a rte r and i t ’ s n e g o tia tin g to sell its
«. RvtLndiimnalHrrtrir
c o u ld hu rt results la te r th is year.
Ryder Earnings
Plunge
con sum e r tru c k ren ta l un it. T h e c o m
pany said it earned $ 3 1.6 m illio n , o r
39 cents a share, versus e a rnings o f
Portland General Electric’s Employees Seed the Future.
$ 5 1.4 m illio n , o r 65 cents a share, in
the second q u a rte r o f 1995.
Albina Community Bank, created by civic, business and community
leaders with $4. 7 million in initial capital, strives to provide opportu
nities for participation by local residents in the economic resurgence
o f North/Northeast Portland through small business creation and
home ownership.
Thev currently reside at their temporary location o f 1130 NE Alberta
For questions or to RSVP for the meeting contact Roy Jay at 244-
5794 ext 45 or F.M. Burch & Associates at 281-3771.
Friends of TFws'
R yd e r System said to d a y its earn
Revenues rose to $ 1.4 b i 11 io n fro m
$ 1.3 b illio n R yd e r said the resu lts in
the latest qu a rte r in clu d e d a cha rge o f
15 cents a share to c o v e r a cost-
c u ttin g pro gra m .
E x c lu d in g those charges, R yd e r
said it w o u ld have earned 54 cents a
share.
"Seed the Future” is a five year partnership with Friends of Trees to
plant 144,000 trees and seedlings around Portland. Those trees will help
beautify neighborhoods and purify our air. At PGE, we think a power
company can do more than make a profit. It can make a difference.
Portland General Electric