Itt Hartford

Some of the nation's biggest bondholders have launched an open rebellion against RJR Nabisco, charging that a proposed buyout of the giant food company would enrich a few executives at the bondholders' expense. Saying that the value of RJR bonds has fallen nearly $1 billion since company executives said they were considering a management-led buyout, Metropolitan Life Insurance Co. announced Thursday it had sued RJR for restitution in New York Supreme Court.

In one of the most dramatic breakups in U.S. corporate history, ITT Corp. announced Tuesday that it plans to split itself into three companies and dismantle what has long been one of America's most familiar conglomerates.

ITT Hartford Cutting 150 to 250 Jobs: ITT Hartford Insurance Group announced that it expected to eliminate the jobs to cut costs in its property-casualty operations. But the company said the job cuts would be made solely through voluntary resignations, and no employees would be laid off.

ITT Hartford Cutting 150 to 250 Jobs: ITT Hartford Insurance Group announced that it expected to eliminate the jobs to cut costs in its property-casualty operations. But the company said the job cuts would be made solely through voluntary resignations, and no employees would be laid off.

Pinkerton's Inc. said it has won a contract from the ITT/Hartford Insurance Group to provide security to ITT's satellite offices in Hartford, Conn. The Van Nuys-based security services company said the contract was valued at $1.3 million.

First Capital Holdings Corp. of Beverly Hills and Acadia Partners, a Ft. Worth investment group that includes billionaire Robert M. Bass, on Thursday announced a new bid for First Capital's Virginia-based insurance subsidiary, Fidelity Bankers Life Insurance Co.

Insurance regulators said Monday that they have agreed tentatively to sell Fidelity Bankers Life Insurance Co., a subsidiary of troubled Beverly Hills-based First Capital Holdings Corp., to ITT Hartford Insurance Group. Fidelity Bankers, which has $4 billion in assets and 184,000 policyholders nationwide, was seized by Virginia regulators last May after First Capital filed for Chapter 11 bankruptcy because of losses stemming from risky junk bond investments.

Pinkerton's Inc. said it has won a contract from the ITT/Hartford Insurance Group to provide security to ITT's satellite offices in Hartford, Conn. The Van Nuys-based security services company said the contract was valued at $1.3 million.

First Capital Holdings Corp. of Beverly Hills and Acadia Partners, a Ft. Worth investment group that includes billionaire Robert M. Bass, on Thursday announced a new bid for First Capital's Virginia-based insurance subsidiary, Fidelity Bankers Life Insurance Co.

Insurance regulators said Monday that they have agreed tentatively to sell Fidelity Bankers Life Insurance Co., a subsidiary of troubled Beverly Hills-based First Capital Holdings Corp., to ITT Hartford Insurance Group. Fidelity Bankers, which has $4 billion in assets and 184,000 policyholders nationwide, was seized by Virginia regulators last May after First Capital filed for Chapter 11 bankruptcy because of losses stemming from risky junk bond investments.

In one of the most dramatic breakups in U.S. corporate history, ITT Corp. announced Tuesday that it plans to split itself into three companies and dismantle what has long been one of America's most familiar conglomerates.

ITT Hartford, Occidental Settle Love Canal Dispute: Occidental Petroleum Corp. and ITT Hartford Corp. announced the settlement of their 18-year legal dispute, with the insurance company agreeing to partially reimburse Occidental's estimated $1-billion cleanup of chemical waste dumped near Love Canal in New York during the 1940s and 1950s by Occidental's corporate predecessor, Hooker Chemical.

Some of the nation's biggest bondholders have launched an open rebellion against RJR Nabisco, charging that a proposed buyout of the giant food company would enrich a few executives at the bondholders' expense. Saying that the value of RJR bonds has fallen nearly $1 billion since company executives said they were considering a management-led buyout, Metropolitan Life Insurance Co. announced Thursday it had sued RJR for restitution in New York Supreme Court.