RALLY'S AND CHECKERS DRIVE-IN COMPLETE STOCK SWAP
Date: 03 January 1998
By Bloomberg News
Bloomberg News
Rally's Hamburgers Inc completes stock swap with largest investors of Checkers Drive-In Restaurants Inc, giving company a 27 percent stake in Checkers and investors about 44 percent of Rally's stock (S)
Full Article
SHARES OF LONG-DISTANCE PHONE CONCERNS FALL
Date: 03 January 1998
By Bloomberg News
Bloomberg News
Shares of AT&T Corp and other long-distance companies fall during first market session after Federal court strikes down portions of Telecommunications Act of 1996 that prevent companies spun off from AT&T in 1980's from offering long-distance services (S)
Full Article
ACQUISITION ALLOWS BANK TO MOVE INTO SOUTH CAROLINA
Date: 03 January 1998
By Bloomberg News
Bloomberg News
Centura Banks Inc says that it will buy closely held Pee Dee State Bank for $40 million in stock, expanding into South Carolina (S)
Full Article
COTELLIGENT BUYS TWO COMPUTER-CONSULTING SERVICES
Date: 03 January 1998
By Bloomberg News
Bloomberg News
Cotelligent Group Inc buys two companies that provide computer-consulting services for undisclosed price; they are Diversified Business Systems Inc of Atlanta and Pyramid Technical Services Inc of Bellevue, Washington (S)
Full Article
STOCK OF BINGO OPERATOR FALLS AFTER OFFICE IS SEARCHED
Date: 03 January 1998
By Bloomberg News
Bloomberg News
Shares of Multimedia Games Inc fall 24 percent after Federal agents search its offices for evidence that its electronic bingo game used on Indian reservations might violate gambling laws (S)
Full Article
SHELL OIL SEEKING TO SELL REFINERY IN WASHINGTON STATE
Date: 03 January 1998
By Bloomberg News
Bloomberg News
Shell Oil unit of Royal Dutch/Shell Group hires Morgan Stanley, Dean Witter, Discover & Co and Turner Mason & Co to help sell its refinery in Washington State as part of agreement to remove antitrust hurdles to merger of Shell and United States refining and gas station business of Texaco Inc (S)
Full Article
TORCHMARK TO SPIN OFF WADDELL & REED MUTUAL FUND UNIT
Date: 03 January 1998
By Bloomberg News
Bloomberg News
Torchmark Corp files with SEC to spin off its Waddell & Reed mutual fund subsidiary in initial public offering worth as much as $586.5 million (S)
Full Article
Shares of Apple Computer Rise Sharply
Date: 03 January 1998
By Bloomberg News
Bloomberg News
Shares of Apple Computer Inc rise 24 percent amid optimism that company will have surprise news at next week's MacWorld Expo in San Francisco (S)
Full Article
Bad Year, Good Month For French Auto Makers
Date: 03 January 1998
By Bloomberg News
Bloomberg News
New-car registrations in France rose for second month in December, although sales for full year suffered their worst drop in more than 20 years; total of 155,720 cars were registered in December (S)
Full Article
Bauer of Germany Joins Bidding for Unit
Date: 03 January 1998
By Bloomberg News
Bloomberg News
Heinrich Bauer, privately held German publishing company, joins bidding for Reed Elsevier's IPC consumer magazine unit (S)
Full Article