THE VIRGINIAN-PILOT
Copyright (c) 1996, Landmark Communications, Inc.
DATE: Tuesday, April 9, 1996 TAG: 9604090371
SECTION: BUSINESS PAGE: D2 EDITION: FINAL
LENGTH: Short : 34 lines
Rockwell pays millions to settle blast case
Rockwell International Corp. will pay a $6.5 million federal fine in connection with a 1994 explosion that killed two company scientists. The company also pleaded guilty to one count of improper storage and two counts of improper disposal of hazardous materials. Rockwell had maintained that the explosion resulted from a legitimate experiment with dangerous chemicals. Although the agreement settles legal charges, Rockwell could still be banned by the Air Force from receiving new government contracts as a result of the accident. In a statement, the company said it doesn't believe it will be banned. (Bloomberg)
Gateway 2000 stock up as pc orders come in
Gateway 2000 Inc. shares rose 3 3/4 Monday after the company said it has started taking orders for its new big screen personal computer. Shares of the North Sioux City, S.D.-based company, which is building a computer assembly plant in Hampton, closed at 33 3/4. Gateway had announced that it would offer Destination, a personal computer with a 31-inch color monitor, wireless keyboard and remote control/mouse. The product combines a high-resolution, big screen television with the capabilities of a computer. The system's price ranges from $3,499 to $4,699, depending on configuration. Gateway 2000 sells more PC-compatible systems through the direct market in the United States than any other manufacturer. (Bloomberg) by CNB