Newspaper article St Louis Post-Dispatch (MO)

Morning Briefing

Newspaper article St Louis Post-Dispatch (MO)

Morning Briefing

Article excerpt

U.S. Floats Plan To Boost Aviation Links With Japan

The United States has proposed a free-market "open skies" agreement with Japan in a move that could resolve aviation problems between the countries, the U.S. Transportation Department said Tuesday.

The United States proposed ending all restrictions on bilateral commercial aviation, allowing Japanese airlines to serve any U.S. cities they wished and American carriers to serve any Japanese city. Such a plan could help several U.S. carriers, including Trans World Airlines, enter the big Japanese market. U.S.-Japan aviation relations have been clouded recently by what American officials say is Japan's refusal to abide by their existing accord to allow U.S. airlines to fly to Japan and then to Asian points beyond. Reuters Citation Computer Ends Plan To Sell Shares Citation Computer Systems Inc. on Tuesday terminated a proposed secondary common stock offering. The company filed a registration statement in July to offer 2.73 million shares. Last week, it announced it would post a loss in the quarter ended Sept. 30. The loss was caused by a 21-cent-a-share chargeoff for restructuring in the company's United Kingdom operations. Chairman J. Robert Copper said the company was "disappointed that the secondary offering was not completed, but we feel we need to resolve the uncertainty in the marketplace." Citation, based in St. Louis, develops information systems for healthcare facilities. Citation's stock closed at $11.50 a share Tuesday, down 25 cents. Post-Dispatch GM Strike In Canada Shuts Mexican Plant General Motors Corp. was forced to shut down a parts plant in Mexico Tuesday as a strike by the Canadian Auto Workers ended its sixth day with no sign of progress. GM's Delphi Packard Electric Systems closed a factory near Monterrey where 623 workers make electrical parts for GM's Canadian-built vehicles. …

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