March 2, 1988 |
Dun & Bradstreet Corp., the business information company, said Wednesday that it signed a definitive agreement to acquire Chase Manhattan Corp.'s Interactive Data Corp. for $140 million in cash. Lexington, Mass.-based Interactive is a leading provider of securities information and related analytical services, providing performance data on public companies. It also furnishes prices of equity and fixed-income securities on a current and historical basis.
June 18, 2007 |
General Electric Co. and Financial Times publisher Pearson reportedly are discussing making a joint bid for Wall Street Journal publisher Dow Jones & Co. A privately held joint venture combining the Financial Times of London, Dow Jones and business channel CNBC was said to be in preliminary talks. The talks were reported Sunday by both the Financial Times and the Journal in online reports.
October 31, 1988 |
Dun & Bradstreet Corp. announced Sunday that it was selling its airline guides business for $750 million cash to a company formed by British publisher Robert Maxwell, and had given Maxwell an option to purchase its travel agency business. The business publishing and market research company, which had announced in July that it was seeking a buyer for its Official Airline Guides and Thomas Cook Travel USA units, said it should realize a $450-million after-tax gain from the deal.
April 19, 1988 |
Two of the nation's largest bank holding companies--Chase Manhattan Corp. and Continental Illinois Corp.--on Monday reported a sharp increase in their first-quarter profits. Chase, the nation's second-largest banking company, said net income totaled $277 million, up 166% from $104 million in the year-earlier quarter. Continental Illinois, ranked 15th, said it netted $68.5 million, up 59% from earnings of $43.1 million in 1987.
December 29, 1988 |
In a major victory for business, the state Supreme Court today restricted the right of fired workers to sue their employers on the grounds that a dismissal broke a promise of continued employment. The conservative-dominated court ruled 4-3 that a worker who is fired without good cause, in violation of a company's express or implied promise, can sue only for reinstatement and back pay, and not for emotional distress and punitive damage awards that often are much larger.
July 28, 1987 |
Ruth Thomas' executive position with Alpha Beta disappeared in a corporate reshuffle. Virginia Rulon-Miller lost her job with IBM because she was dating an employee of a rival firm. Michael E. Gray was fired for writing a rebuttal to a performance review on company time. Daniel Foley was replaced for "performance reasons" after he inquired about rumors that his boss was suspected of embezzlement. All of them sued, and their cases have become pieces of a growing legal jigsaw puzzle.