MEDPARTNERS SAYS IT WILL DISMISS 900 WORKERS
Date: 15 May 1998
By Bloomberg News
Bloomberg News
Medpartners Inc says it will dismiss about 900 of its 9,500 employees in Southern California and impose temporary 7 percent pay cut on physicians not losing their jobs as company struggles to return to profitability under new chief executive, Marc Crawford (S)
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HOSPITALITY IN BUY-AND-LEASE DEAL WITH CANDLEWOOD
Date: 15 May 1998
By Bloomberg News
Bloomberg News
Hospitality Properties Trust agrees to buy and lease back 16 hotels in 12 states from Candlewood Hotel Co for about $135 million in second such agreement between the two companies (S)
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INTEGRATED CIRCUIT SAYS IT RECEIVED TAKEOVER OFFER
Date: 15 May 1998
By Bloomberg News
Bloomberg News
Integrated Circuit Systems Inc says it received unsolicited takeover offer from undisclosed buyer (S)
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MOTOROLA TO CLOSE MODEM PLANT, AS DEAL COLLAPSES
Date: 14 May 1998
By Bloomberg News
Bloomberg News
Motorola Inc says it will close its modem plant in Huntsville, Ala, in July because sale of its transmission-products division to an unnamed investor group fell through; says plant's 500 employees will be offered severance packages if they cannot find other jobs in company (S)
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ZIONS BANCORP AGREES TO ACQUIRE COMMERCE BANCORP
Date: 15 May 1998
By Bloomberg News
Bloomberg News
Zions Bancorp agrees to acquire Commerce Bancorp for undisclosed amount in stock (S)
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GLIMCHER REALTY TRUST BUYING 5 MALLS FOR $375 MILLION
Date: 14 May 1998
By Bloomberg News
Bloomberg News
Glimcher Realty Trust says it agreed to buy five shopping malls for total of $375 million from various sellers in privately negotiated deals; malls are in Alabama, California, Minnesota, North Carolina and Oregon (S)
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News Corp. Role In Bidding Seen
Date: 15 May 1998
Rupert Murdoch's News Corp reportedly joins in bid by Michael R Milken and others for Simon & Schuster publishing house (S)
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Fastest Rise In Six Months For Price Index
Date: 15 May 1998
By Bloomberg News
Bloomberg News
Consumer prices in United States rose in April by two-tenths of 1 percent, fastest pace in six months, led by higher costs for housing and health care; report suggests inflation might accelerate from 30-year lows reached earlier this year; in another report, inventories of goods at American businesses rose five-tenths of 1 percent in Mar after rising seven-tenths of 1 percent in February; graph (S)
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Metro Business; Xerox Sues Over Printers
Date: 15 May 1998
By Bloomberg News
Bloomberg News
Xerox Corp sues Hewlett-Packard Co for patent infringement, claiming Hewlett-Packard's color ink-jet printers use technology Xerox invented seven years ago (S)
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Qwest Marketing Deal With Ameritech
Date: 15 May 1998
By Bloomberg News
Bloomberg News
Qwest Communications International announces reaching agreement with Ameritech Corp to market their long-distance and local telephone services jointly; AT&T, MCI Communications and five other long-distance rivals of Qwest file suit to challenge deal; marketing agreement with Ameritech is second for Qwest in week (M)
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