Kindercare Inc

After an illuminating morning session with fellow campers in a Pitzer College classroom at Claremont, soon-to-be high school freshman Eric Fagan, 14, was, in his own words, totally "stoked." "I'm 48% kinesthetic and 49% visual!" the San Diego youngster exclaimed after taking a test that showed he absorbs information better by seeing and feeling it as opposed to hearing it.

It's a school reunion of sorts for junk bond pioneer Michael Milken. Shares of educational chain KinderCare Learning Centers Inc., a company that Milken helped to finance during the 1980s in his Drexel Burnham Lambert days, soared more than 100% on Monday after privately held Knowledge Learning Corp., which is majority owned by Milken and his brother, Lowell, said it would acquire KinderCare in a deal worth $1 billion.

The founder of Kinder-Care, the nation's largest child day-care chain, pleaded guilty Friday to evading taxes on $482,500 that he received for pledging company money to deals by Drexel Burnham Lambert Inc. Perry Mendel, 69, entered the plea in federal court after the case was transferred from New York, where he and former Kinder-Care President Richard Grassgreen were indicted in a spinoff from the Michael Milken prosecution.

The KinderCare preschool has been doing double duty since the Huntington Beach KinderCare location closed two weeks ago, due to mold found beneath the school's wallpaper. The closure forced about 140 preschoolers to be reassigned to the Fountain Valley site. It is not known when they will be allowed to return to the Huntington Beach location, company spokeswoman Kathi VanderZanden said. The mold was discovered during a planned renovation project.

The Justice Department announced that the nation's largest corporate-owned day-care chain has agreed to admit diabetic children and monitor their blood sugar. The agreement settles claims that the KinderCare chain discriminated against children who have the disease. The American Diabetes Assn. and others brought a lawsuit against KinderCare on behalf of Jesi Stuthard, 3, after he was denied enrollment in Columbus, Ohio.

KinderCare Learning Centers Inc., the nation's biggest day-care chain, is being purchased by the investment firm Kohlberg Kravis Roberts & Co. in a $600-million deal, the companies said Thursday. The planned takeover calls for KinderCare stockholders to receive $20.25 a share in cash but allows some investors to retain their shares. After the deal is complete, KKR will own 85% of the company.

The KinderCare preschool has been doing double duty since the Huntington Beach KinderCare location closed two weeks ago, due to mold found beneath the school's wallpaper. The closure forced about 140 preschoolers to be reassigned to the Fountain Valley site. It is not known when they will be allowed to return to the Huntington Beach location, company spokeswoman Kathi VanderZanden said. The mold was discovered during a planned renovation project.

It's a school reunion of sorts for junk bond pioneer Michael Milken. Shares of educational chain KinderCare Learning Centers Inc., a company that Milken helped to finance during the 1980s in his Drexel Burnham Lambert days, soared more than 100% on Monday after privately held Knowledge Learning Corp., which is majority owned by Milken and his brother, Lowell, said it would acquire KinderCare in a deal worth $1 billion.

With statistics on female business owners lacking, women's issues lost impact. A new council will change that. Here's one story that never got written. A Wall Street Journal article reported in November that women were dropping out of the labor force. Nearly 600,000 had left in five months, the article said, though no one was sure about where the women were going. It seemed like an intriguing story if local statistics could be found to describe any similar changes in this region.

A former mutual fund manager testified Thursday that Drexel Burnham Lambert's junk bond department arranged very profitable personal investments for him at the same time it pressured him to buy risky securities for his funds.

KinderCare Learning Centers Inc., the nation's biggest day-care chain, is being purchased by the investment firm Kohlberg Kravis Roberts & Co. in a $600-million deal, the companies said Thursday. The planned takeover calls for KinderCare stockholders to receive $20.25 a share in cash but allows some investors to retain their shares. After the deal is complete, KKR will own 85% of the company.

The Justice Department announced that the nation's largest corporate-owned day-care chain has agreed to admit diabetic children and monitor their blood sugar. The agreement settles claims that the KinderCare chain discriminated against children who have the disease. The American Diabetes Assn. and others brought a lawsuit against KinderCare on behalf of Jesi Stuthard, 3, after he was denied enrollment in Columbus, Ohio.

The founder of Kinder-Care, the nation's largest child day-care chain, pleaded guilty Friday to evading taxes on $482,500 that he received for pledging company money to deals by Drexel Burnham Lambert Inc. Perry Mendel, 69, entered the plea in federal court after the case was transferred from New York, where he and former Kinder-Care President Richard Grassgreen were indicted in a spinoff from the Michael Milken prosecution.

After an illuminating morning session with fellow campers in a Pitzer College classroom at Claremont, soon-to-be high school freshman Eric Fagan, 14, was, in his own words, totally "stoked." "I'm 48% kinesthetic and 49% visual!" the San Diego youngster exclaimed after taking a test that showed he absorbs information better by seeing and feeling it as opposed to hearing it.

When officials from Sanwa Bank telephoned their new advertising agency a few years ago, the garbled phone messages they left behind often left agency executives in stitches. "We kept getting messages telling us to call San Juan Bank," said John Fuller, who worked for the bank's former agency. "Then, there were messages for Sanyo Bank," said Fuller, who now handles ads for the bank from his new ad firm, Sacks/Fuller Advertising. Those botched messages were pure inspiration.