October 26, 1993 |
Surgical Care Affiliates Steps Up Takeover Bid: The Nashville-based operator of surgical centers went public with its proposal to merge with Medical Care America Inc. in an attempt to pressure the Dallas-based concern to accept its $939-million offer. The bid came after Medical Care, the nation's largest outpatient surgery center and a leading provider of home infusion services, agreed to affiliate with Columbia Healthcare Corp., the nation's largest for-profit hospital chain.
August 28, 2002 |
HealthSouth Corp. shares plunged Tuesday after the rehabilitation giant announced a major reorganization that includes spinning off its surgery centers into a new public company, warned of lower earnings and disclosed that founder Richard M. Scrushy is being replaced as its chief executive.
September 29, 1992 |
Blue chip stocks ended sharply higher on bargain hunting. * The dollar continued to fall. * Orange juice futures prices crumpled amid talk that the Florida crop could exceed last year's by as much as 40%. Stocks Late afternoon buying sent the Dow Jones average up 25.94 points to 3,276.26. It had fallen 76.73 points last week. Advancing issues outnumbered declines 7 to 6 on the New York Stock Exchange. Big Board volume came to an estimated 157.48 million shares, down from 213.65 million Friday.
July 24, 1992 |
* Despite another major rally in bonds, the stock market recouped only a small portion of its recent losses. The Dow Jones industrial average, off 84.02 points over the previous four sessions, rose 12.43 points to 3,290.04. * The bond rally extended for a second big day, driving yields on long-term Treasury bonds to their lowest levels since early January on optimism about inflation. * The Japanese market rebounded, only to fall into another deep slump early today.
January 13, 1992 |
If there's any doubt left that the stock market has grabbed the general public's attention in a major way--perhaps more so than at any time in the last 20 years--this may put it to rest: * Item: Turner Broadcasting, parent of the ubiquitous Cable News Network, has begun running ads on CNN touting Turner stock to viewers. "There's a lot of talk today about growth companies," the ads begin.