Word: corpe
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...will sell Allfirst, the troubled subsidiary where the company uncovered a $691 million fraud in February, to U.S. bank M&T for $3.1 billion. Vivendi's Dash For Cash The Vivendi fire sale began in earnest, as the group sold its Italian pay TV arm Telepiú; to News Corp. for €1 billion. The company confirmed it would also sell its publishing, PC games and overseas telecom units. Gassing Up Indonesia In one of the largest-ever investments in Indonesia, state-owned Pertamina and British Petroleum signed an $8.5 billion deal to open a gas field for China. INDICATORS...
...year-old is preparing to make an important debut. Meet Kami, the world's first HIV-positive Sesame Street Muppet. Takalani Sesame, South Africa's version of the famous U.S. television series (takalani means "get happy" in Venda), has been running for two years on the South African Broadcasting Corp. network. Under the creative direction of its U.S. originator, Sesame Workshop, the South African version uses homegrown characters and situations to educate while entertaining young children throughout the country. Incorporating all 11 of South Africa's official languages into its pedagogue- approved scripts, Takalani Sesame is seen by an estimated...
DIED. W. CLEMENT STONE, 100, positive-thinking philanthropist who turned $100 of his savings into a multibillion-dollar insurance empire that later became the Aon Corp.; in Evanston, Ill. He used his wealth to make $275 million in charitable contributions and political donations, including millions he gave to Richard Nixon's election campaigns...
...lower their risk, some companies are encouraging doctors and clinics to limit the number of patients they see. Several insurers in Las Vegas, including American Physicians Assurance Corp., offer a 25% discount to doctors who deliver fewer than 125 babies a year--half the number most local physicians deliver. Last month Nevada insurance commissioner Alice Molasky-Arman opened an inquiry into such pricing. Sheila Wright, a spokeswoman for American Physicians Assurance, said, "We don't have a choice. We are concerned about patients, but our rates reflect the risks that we take...
...gate-crashed by irate hecklers. But in South Korea, the incident was just one of many nose thumbings and eye gougings GM has endured on its way to acquiring South Korea's third largest automaker. After nearly three years of courting Daewoo, GM and its partners?including Suzuki Motor Corp. of Japan?agreed to pay $400 million in cash for a majority stake in the broken-down carmaker. GM's gamble is that it can radically rebuild the busted company, transforming it into a low-cost producer of cheap cars not just for Korea but for export to places like...