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H&R Block Subsidiary to Sell Debt for Cash.(Originated from The Kansas City Star, Mo.)
August 16, 1997... Aug. 16--H&R Block Inc. said Friday that its Block Financial Corp. financial services subsidiary plans to sell $1 billion in guaranteed debt to refinance a recent acquisition and provide more flexible funding for its mortgage-lending...
Columbia/HCA Denies Talks of Buyout; HealthSouth Looks at 'Pieces'.(Originated from Nashville Banner, Tenn.)
August 16, 1997... Aug. 16--Columbia/HCA Chairman and Chief Executive Officer Thomas F. Frist Jr. said that he did not talk with HealthSouth Chairman and CEO Richard Scrushy about a possible buyout of Columbia.
"The first time I talked with him...
General Communication of Anchorage, Alaska, Reports Loss of $800,000.(Originated from Anchorage Daily News)
August 16, 1997... Aug. 16--Anchorage-based General Communication Inc. posted a second-quarter loss of $800,000 on revenues of $56.2 million. Revenue for the period grew 43.4 percent compared with last year's second-quarter revenue of $39.2 million. Last...
Florida Power & Light, Union Reach Agreement on Contract.(Originated from The Miami Herald)
August 16, 1997... Aug. 16--Florida Power & Light and the union that represents more than a third of its employees have agreed on a new three-year contract, ending nearly six weeks of negotiations.
The contract calls for a 3 percent raise in the first...