Corporate targets: as Cold War fades, some nations' spies seek industrial secrets; they may intercept messages, plant moles to get data useful to own companies; Caterpillar resorts to codes

Article Abstract:

US companies believe that foreign intelligence agencies are involved in 'industrial espionage,' stealing secrets for nations that are traditionally friendly to the US and for nations that are not so friendly. According to Stansfield Turner, former director of the CIA, the US is a target because it is ahead in many technologies. Previously, some companies tried to steal secrets, but the alleged involvement of foreign intelligence agencies represents an escalation of sophistication and resources. US officials say that foreign intelligence services are intercepting communications of US companies, capturing satellite signals or tapping into government-owned telephone exchanges. It is said that some foreign intelligence agencies even search through executives' briefcases and luggage. According to one security expert, it is almost impossible to know how much proprietary information is being lost.

International aspects, Business intelligence, Competitive intelligence, Industrial Espionage, Foreign Competition, Intelligence-Gathering

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Pull up! United 747's near miss sparks a widespread review of pilot skills; Flight 863 skirted a mountain and buzzed residences in the San Francisco area; 'they didn't do the basics'

Article Abstract:

The FAA is commending United Airlines for making public the close call that took place in June of 1998 when one of its 747s came within 100 ft. of a mountain after taking off from San Francisco Int'l Airport. As a result of the close call, United pilots, especially co-pilots of 747-400s, will get additional training. United has had other close calls that airlines refer to as 'operational incidents.'

Government regulation (cont), Scheduled Passenger Air Transportation, Air transportation, scheduled, Domestic Scheduled Air Service, Safety and security measures, Investigations, Airlines, Social policy, Training, Abstract, Domestic airlines, United Air Lines Inc., Air pilots, Aircraft pilots, United States. Federal Aviation Administration

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GE profit rose 13% in 2nd period; high-margin services are stressed

Article Abstract:

General Electric Co. (GE) announced that its net income for the second quarter of 1998 increased 13% to $2.45 billion. The figures represent GE"s highest quarterly earnings in its history. Earnings per share increased by 14%. The company's earnings were based on a 14% increase in revenues for the quarter to $25.07 billion. The earnings figures reached what analysts had estimated for the company.

Comment:

Announced that its net income for the second quarter of 1998 increased 13% to $2.45 billion

Electrical & Electronic Equip, Electrical Equipment, Appliance, and Component Manufacturing, Sales, profits & dividends, Company Planning/Goals, General Electric Co., Article

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