AIRLINES

Fifth Bid Made for Continental: A group that includes several former Continental employees made a $425-million bid for the Houston-based airline, the fifth since Continental started a bankruptcy reorganization. Under the bid, employees would get 52% of the carrier’s stock, creditors, 40%, and Benefit Concepts New York, which includes the former employees and current Continental senior managers, 8%. All but $25 million of the offer would be in debt. Lufthansa German Airlines and Los Angeles financier Marvin Davis made the fourth bid on Continental--for $400 million.