CINCINNATI BELL WARNS OF LOWER EARNINGS AND LAYOFFS
Date: 27 May 1998
By Bloomberg News
Bloomberg News
Cincinnati Bell Inc warns that its second-quarter earnings and sales will be less than expected and that it will dismiss workers to improve profit (S)
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ARBOR IN $762 MILLION STOCK DEAL FOR HYPERION
Date: 27 May 1998
By Bloomberg News
Bloomberg News
Arbor Software Corp will acquire Hyperion Software Corp for about $762 million, creating one of largest US makers of financial software for businesses (S)
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CBS TO SELL UNIT TO EMERSON ELECTRIC FOR $265 MILLION
Date: 27 May 1998
By Bloomberg News
Bloomberg News
CBS Corp agrees to sell its Westinghouse process-control unit to Emerson Electric Co for $265 million (S)
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RYDER SYSTEM IN TALKS TO SELL BRITISH RENTAL BUSINESSES
Date: 27 May 1998
By Bloomberg News
Bloomberg News
Ryder System Inc is in talks to sell its commercial truck-leasing and rental business in Britain (S)
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Dollar Hits Highest Level Against Yen In 7 Years
Date: 26 May 1998
By Bloomberg News
Bloomberg News
US dollar rises above 137 yen for first time in almost seven years as expectations mount that neither US nor Japan would be willing to stem yen's decline; Koji Tanami, Vice Finance Minister of Japan, suggests that Bank of Japan may step into currency market to take action to stem weakness in yen; US News & World Report reports that US Treasury Sec Robert E Rubin is willing to let yen drop to 140 to 150 to the dollar (M)
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Sheffer Leads Team to Title
Date: 27 May 1998
By Bloomberg News
Bloomberg News
Maccabi Tel Aviv defeats Hapoel Eilat, 94-80, to win Israeli Basketball League championship (S)
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Flyers Invite Woman to Camp
Date: 27 May 1998
By Bloomberg News
Bloomberg News
Philadelphia Flyers invite Hayley Wickenheiser, member of Canadian women's Olympic team, to their prospects camp, giving her chance to test her skills against some of National Hockey League team's top hopefuls (S)
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India Revises Stock Rule
Date: 26 May 1998
By Bloomberg News
Bloomberg News
India will permit closely held companies to sell their shares overseas, reversing earlier policy that blocked such sales if companies did not have shares traded in local stock markets (S)
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Sharp's Move Into Mexico
Date: 26 May 1998
By Bloomberg News
Bloomberg News
Sharp Corp, world's biggest maker of liquid-crystal display screens, plans to more than double its first investment in Mexico, to $60 million; plant, in Rosarito, is expected to have 1,100 workers making products with tariff-free access to US (S)
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Metro Business; Forstmann in Acquisition
Date: 27 May 1998
By Bloomberg News
Bloomberg News
Forstmann & Company acquires Arenzano Trading Company for $2 million (S)
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