DIGEST: FREQUENT-FLIER DESTINATIONS
Retail sales are still rising but the pace has slackened in recent months in what analysts say is a sign higher interest rates are finally slowing the economy. The Commerce Department reported</br></br>Retail sales are still rising but the pace has slackened in recent months in what analysts say is a sign higher interest rates are finally slowing the economy. The Commerce Department reported that sales rose in January a modest 0.2 percent for the second straight month. While they have not fallen since April, the growth rate has eased dramatically.</br></br>ITT reached a tentative agreement to sell three of its financial businesses to General Electric Capital for $1.8 billion. ITT recently has been moving out of finance and increasing its entertainment holdings with purchases in the sports and gambling fields. The sale to GE Capital includes its Equipment Finance, Small Business Finance and Commercial Real Estate Services.</br></br>has emerged as a hotly contested market in the Federal Communications CommissionÛªs auctions for 99 wireless telephone licenses in 51 regions. AT&T and American Portable Telecommunications, a</br></br>SOURCE: Consumer Reports Travel Letter survey of 450 subscribers, Nov. 1993; KRT ' tilt WASHINGTON åÇ)'