July 13, 1994

Inflation at the producer level was nonexistent in June for the third straight month despite higher prices for energy, the Labor Department reported today. This performance for the finished goods Producer Price Index -- items ready for sale to the final user -- was markedly better than most analysts had expected and seemed to provide the Federal Reserve more leeway to hold back on raising interest rates before what most still believe will be another rise in rates by mid-August.

Concluding one of the longest-running buyout efforts in the history of corporate America, employees of United Airlines gained control of their company today, exchanging deep cuts in pay and benefits for a majority stake in one of the largest employee-owned companies in the country. Except for a new advertising campaign that United began tonight to publicize the deal, passengers will notice few changes.

Representative Paul E. Kanjorski, Democrat of Pennsylvania, says he is fighting a lonely struggle to realize a great idea benefiting his district, the nation and the world, opposed by a cabal of cranky constituents, flyspecking lawyers and boneheaded bureaucrats. To those critics, Mr. Kanjorski's vision is little more than a giveaway: a means of extracting $30 million from the Pentagon to enable a nonprofit corporation run by his brother, his friends and his allies to buy thousands of acres of land in his home district for far less than their appraised value.

Companies Concluding one of the longest-running buyout efforts in the history of corporate America, employees of United Airlines gained control of their company, exchanging deep cuts in pay and benefits for a majority stake. [ Page A1. ]

REBECCA BROCHES, a New Yorker, doesn't eat meat: "No chicken, turkey or hamburger." Her menu usually consists of "pizza, pasta, grilled cheese and tomatoes and clementines." Fish is not entirely off her list, but then it's not on it, either. Rebecca did eat fish years ago and is thinking of trying it again. But only "when I grow up," she said. "Meat tastes bad and anyway I like animals."