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Date: 26 January 2001
By Lynda Richardson
Lynda Richardson
Profiles of Shelby Coffey III, former president of CNN's financial news network, and his wife Dr Mary Lee Coffey, who are creating medical foundation that will bring latest advances in emergency room treatment to developing countries; photo (M)
Date: 26 January 2001
By Bloomberg News
Bloomberg News
American Tower Corp, nation's largest independent owner of broadcast-transmission towers, tripled its offering of high-yield bonds this week, to $1 billion from $350 million; Alamosa PCS Holdings increased its bond issue 25 percent, to $250 million; Allied Waste Industries increased its bond sale 20 percent, to $500 million; companies have raised more than $12 billion this year, sum that is more than quarter of all bonds sold in 2000 (S)
Date: 25 January 2001
By Bloomberg News
Bloomberg News
Kimberly-Clark Corp acquires Italy's Linostar, Italy's second-largest diaper manufacturer, from Bolton Group to help expand its Huggies sales internationally (S)
Date: 26 January 2001
By Bloomberg News
Bloomberg News
Hartford Financial Services agrees to acquire variable life and annuity business of Fortis, Belgium's biggest financial services company, for $1.12 billion in cash; Hartford will acquire Fortis Advisers, subsidiary that acts as investment adviser for 38 Fortis mutual funds in US, as part of transaction (S)
Date: 26 January 2001
By Bloomberg News
Bloomberg News
Visteon Corp, leading maker of auto parts, will close electronics plant in Ontario within two years because it is selling its business that makes air-bag sensors; company employs about 1,200 workers at plant (S)
Date: 25 January 2001
By Bloomberg News
Bloomberg News
Japan's Ueno Fine Chemicals Industry agrees to plead guilty and pay $11 million fine for its role in 17-year conspiracy to fix price of food perservatives called sorbates; Ueno executives Yuji Komatsu, Yoshihiko Katsuyama and Wakao Shinoda are indicted by federal grand jury in San Francisco (S)
Date: 25 January 2001
By Bloomberg News
Bloomberg News
Mediq, which rents medical equipment to nursing homes and more than 5,000 hospitals, files for Chapter 11 bankruptcy protection after it misses interest payments; lists $3.07 million in assets and $120.4 million in debts (S)
Date: 25 January 2001
By Bloomberg News
Bloomberg News
BB&T Corp agrees to buy F&M National Corp and Virginia Capital Bancshares for $1.35 billion in stock; BB&T will pay $1.17 billion for F&M National and $180.5 million for Virginia Capital (S)
Date: 26 January 2001
By Bloomberg News
Bloomberg News
Phelps Dodge Corp warns it might reduce copper production and lay off as many as 2,350 employees at mines in New Mexico and Arizona because of high energy costs in California has spilled over into nearby states (S)
Date: 25 January 2001
By Bloomberg News
Bloomberg News
Hungry Minds, publisher of 'For Dummies' instructional books and Cliff Notes, will lay off about 130 workers, or about 19 percent of its employees, to cut costs; will close offices in Chicago, San Francisco and Foster City, Calif (S)