Der 2. Juni 1998 war ein Dienstag unter dem Sternzeichen ♊. Es war der 152. Tag des Jahres. Präsident der Vereinigten Staaten war William J. (Bill) Clinton.
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2nd of June 1998 News
Nachrichten, wie sie auf der Titelseite der New York Times am 2. Juni 1998 erschienen
London Journal; Jeers Across the Channel From the Rowdy Press
Date: 03 June 1998
By Sarah Lyall
Sarah Lyall
British tabloids are fanning old-style prejudice against French and Germans as Britain moves closer to rest of Europe through European Union; Lord Wakeham, who heads Press Complaint Commission, body that holds press to voluntary code of conduct, is losing patience with headlines he fears could spur attacks by Britain's notoriously violent football hooligans on French people during World Cup soccer tournament; photo (M)
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BEVERLY ENTERPRISES TO SELL A HOSPITAL UNIT
Date: 03 June 1998
By Bloomberg News
Bloomberg News
Beverly Enterprises Inc to sell its American Transitional Hospitals unit to Select Medical Corp for undisclosed terms (S)
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NATIONWIDE MUTUAL AND ALLIED CLOSE TO DEAL
Date: 03 June 1998
By Bloomberg News
Bloomberg News
Nationwide Mutual Insurance Co and Allied Group Inc are close to agreement for Nationwide to acquire Allied and its affiliates for $1.75 billion (S)
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CAPITAL AUTOMOTIVE TO BUY 30 DEALERSHIP PROPERTIES
Date: 03 June 1998
By Bloomberg News
Bloomberg News
Capital Automotive REIT agrees to buy, in separate transactions, 30 auto-dealership properties for about $125 million (S)
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EMERITUS SELLING 6 ASSISTED-LIVING COMMUNITIES
Date: 02 June 1998
By Bloomberg News
Bloomberg News
The Emeritus Corporation said yesterday that it was selling six of its unprofitable assisted-living operations to an undisclosed buyer for $53.1 million, reducing the company's losses by about $4 million a year. The six communities for the elderly have a total of 750 units. Emeritus, a long-term-care provider based in Seattle, holds interests in about 126 centers in 27 states and Canada. Four of the centers being sold are in Florida, one is in Kansas and one is in Arizona. In April, Emeritus said its loss, before a charge, widened to $8.4 million, or 84 cents a share, from $3.6 million, or 32 cents, a year earlier.
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HEICO ADDING FRENCH AERONAUTICAL PRODUCTS CONCERN
Date: 02 June 1998
By Bloomberg News
Bloomberg News
The Heico Corporation agreed yesterday to buy Teleflex Lionel-Dupont of Paris for about $64 million in class A stock. Heico, an aerospace, aviation and military products company based in Hollywood, Fla., will also assume debt of $53 million to buy the larger Teleflex Lionel-Dupont, a maker of aeronautical products and ground-support equipment. Heico said the purchase, along with the ground-support business it acquired when it bought Trilectron Industries in 1996, would give it the largest share of the highly fragmented industry of providing equipment to service aircraft while on the ground. Teleflex Lionel-Dupont had revenue of $146 million last year, while Heico had $64 million. Heico's class A shares rose 50 cents yesterday, to $28.
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YELLOW CORP. TO SELL PRESTON UNIT TO MANAGEMENT
Date: 02 June 1998
By Bloomberg News
Bloomberg News
The Yellow Corporation, one of the nation's largest long-haul trucking companies, agreed to sell its struggling Preston regional trucking unit, taking a second-quarter after-tax charge of as much as $65 million. Yellow will sell Preston to three senior Preston officers. Terms were not disclosed. Preston contributed $451 million, or 13 percent, of Yellow's $3.35 billion in revenue last year. The unit, based in Preston, Md., has generated scant profit since Yellow bought it for $23.9 million in 1992. Yellow said it would buy back as much as $25 million in stock to bolster shareholder value. Shares of Yellow, based in Overland Park, Kan., rose 31.25 cents yesterday, to $19.0625.
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NATIONAL MEDIA AND VALUEVISION END MERGER PLANS
Date: 03 June 1998
By Bloomberg News
Bloomberg News
National Media Corp says it and Valuevision International Inc have ended their merger plans after failing to agree on revised terms (S)
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ARCO IN TALKS OVER SALE OF CHEMICAL BUSINESS
Date: 02 June 1998
By Bloomberg News
Bloomberg News
The Atlantic Richfield Company, the Los Angeles-based oil company, is talking to potential buyers of all or part of its 82.3 percent stake in the ARCO Chemical Company and will decide what to do with the business by year-end, the chairman, Michael R. Bowlin, said yesterday. Analysts say a sale of the chemical business could fetch $6 billion. ARCO Chemical generated about 20 percent of Atlantic Richfield's 1997 revenue but only 7.2 percent of the company's $1.77 billion in net income last year. Shares of Atlantic Richfield fell 68.75 cents yesterday, to $78.1875, while ARCO Chemical slipped 31.25 cents, to $55.4375.
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KEMET TO DISMISS 1,440 WORKERS IN U.S. AND MEXICO
Date: 02 June 1998
By Bloomberg News
Bloomberg News
The Kemet Corporation, a maker of capacitors used in computers and other electronic equipment, said yesterday that it was cutting 1,440 jobs in the United States and Mexico because its sales were slowing down. Kemet said it would lay off 540 workers in the United States and 900 in Mexico in a move intended to reduce expenses by $14 million a year. The layoffs are the second in six months for Kemet, which has been under pressure because of the soaring cost of palladium and the slackening worldwide demand for electronic equipment. The company, based in Greenville, S.C., dismissed 1,000 workers in November. Its shares fell 65.625 cents yesterday, to $15.4375.
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