Corporate Restructing

Sony Pictures Forms New Unit: The new worldwide corporate development group will develop and carry out strategic planning to create new business opportunities. The unit will be led by Ken Lemberger, the executive vice president who formerly was vice chairman at Sony's TriStar Pictures. Lemberger will report to Sony Pictures President Alan J. Levine.

Huntway Partners L.P. said it plans a special meeting in hopes of converting from a partnership to a corporation. To make the change, two-thirds of Huntway's limited partners would have to vote in favor of it. Huntway's chief financial officer, Warren Nelson, said Huntway wants to make the conversion to attract more public and institutional investors, who might avoid investing in a limited partnership because of tax complications.

Huntway Partners L.P. said it plans a special meeting in hopes of converting from a partnership to a corporation. To make the change, two-thirds of Huntway's limited partners would have to vote in favor of it. Huntway's chief financial officer, Warren Nelson, said Huntway wants to make the conversion to attract more public and institutional investors, who might avoid investing in a limited partnership because of tax complications.

Sony Pictures Forms New Unit: The new worldwide corporate development group will develop and carry out strategic planning to create new business opportunities. The unit will be led by Ken Lemberger, the executive vice president who formerly was vice chairman at Sony's TriStar Pictures. Lemberger will report to Sony Pictures President Alan J. Levine.