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September 20, 1997

US Airways Group Inc. rejected its pilots' latest contract proposal and canceled several employee meetings before a Sept. 30 deadline to confirm aircraft orders. Arlington, Va.-based US Airways said the cancellation of meetings will allow top executives to concentrate on negotiations. . . . Scotts Valley, Calif.-based Borland International Inc. said it settled its lawsuit against Microsoft Corp. that alleged the software giant was recruiting and hiring its chief programmers in an effort to destroy Borland's ability to compete. Neither company would disclose the terms of the settlement nor say if a payment was made. . . . Adobe Systems Inc. reported better-than-expected fiscal third-quarter earnings on strong sales for its desktop publishing software for both the Windows and Macintosh operating systems. Revenue rose 27% to $230 million in the quarter ended Aug. 29, from $180.9 million. . . . Kansas City Southern Industries Inc. said it plans to split its railroad from its mutual funds group to concentrate on the faster-growing financial services unit, which includes Janus Capital Corp. and Berger Associates Inc. The company also said third-quarter earnings will be at least 35% higher than analysts had expected. . . . The American Medical Assn. fired three top executives after an embarrassing flap over an agreement to endorse a line of Sunbeam Corp. home health products. AMA trustees said they would discipline those responsible for the deal to endorse such products as humidifiers and blood pressure monitors because it was in violation of its ethical policy. Ousted were Kenneth E. Monroe, deputy executive vice president; James F. Rappel, group vice president for business and management services; and Larry Jellen, vice president for marketing.

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