Advertisement
YOU ARE HERE: LAT HomeCollections

NATION / WORLD

Also ...

May 08, 1997

Samuel Zell, the billionaire who built a real estate empire, plans to sell a stake in his Equity Office Properties Trust, a real estate investment trust expected to be the largest U.S. office properties owner, to the public in an initial public offering worth $300 million, according to an SEC filing. . . . Convalescent home operator Vencor Inc. raised its offer for Las Vegas-based Transitional Hospitals Corp. from $600 million to $639 million, urging shareholders to reject Transitional's plan to accept a lower bid. . . . Gillette Co. said it will cut 1,700 jobs, mostly of Duracell employees outside the U.S., as a result of the companies' merger. . . . Undersecretary of Commerce Everett Ehrlich is leaving his post to open his own economic consulting firm. . . . Ford Motor Co. said it will launch a program pairing Ford retirees with minority-owned supply companies in need of manufacturing technical assistance. The Better Business Bureau has begun issuing its seal of approval on commercial Web sites and online advertisements.

Advertisement
Los Angeles Times Articles
|
|
|