J.C. Penney to Buy Eckerd Corp in $2.59 Billion Deal
Texas based J.C. Penney agrees to acquire Eckerd Corp in a cash and stock transaction valued at about 2.59 billion dollars. Eckerd operates 1,724 stores mainly in the South, boosting Penney's drug store network to about 2,800 with annual sales around 10 billion dollars. If approved, pharmacy sales could represent about one third of Penney's total revenue.
MENTIONED IN THIS ARTICLE
J.C. Penney
Eckerd Corp
Eckerd
South Penney
Rite Aid
Fay’s
Northeast
Kerr Drug
Carolinas
Clinton aides expect several cabinet resignations this week
A senior official says four to six cabinet secretaries may announce resignations as the second term looms. Potential departures include Perry Christopher Kantor Reno OLeary Pena Cisneros and Riley and others, with no set timelines given. A separate open letter from a grieving mother seeks answers in her daughter s slaying in Decatur.
MENTIONED IN THIS ARTICLE
Clinton
Defense
William Perry
Warren Christopher
Commerce
Mickey Kantor
Janet Reno
Energy
Hazel O'Leary
Transportation
Federico Pena
Henry Cisneros
Education
Richard Riley
Donna Hearn
Decatur Herald & Review
Karen Hearn Slover
Hearn
Herald & Review
F-16 Missile Fired After False Radar Lock in Iraq Incident
The Pentagon said a U S F-16 pilot fired a missile after perceiving an Iraqi radar lock during a no fly zone patrol near Kut Al Hayy in southern Iraq. Subsequent analysis said there was no radar lock. the aircraft landed safely at Prince Sultan AB in Saudi Arabia. Iraq denied any incident, calling it electioneering. The pilot's action followed cockpit indications under rules of engagement. The event occurred about 12 30 p m local time.
MENTIONED IN THIS ARTICLE
Washington
U.S
Pentagon
Iraq
Foreign Ministry
Saudi Arabia
32Nd Parallel
Kut al Hayy
4404Th
Prince Sultan Air Base
Riyadh
Dhahran
United States
Refugee flight continues in Zaire amid Great Lakes crisis
Hundreds of thousands of refugees move deeper into Zaire as civil war rages with the Zairean army and rebel forces. UNHCR officials warn of exposure and possible deaths while international efforts produce no clear action. Refugees concentrate near Masisi as Goma falls to insurgents and borders close.
MENTIONED IN THIS ARTICLE
Gisenyi
Rwanda
Zaire
U.N
Great Lakes
Central Africa
Paul Stromberg
Office
U.N. High Commissioner For Refugees
UNHCR
Stromberg
Uvira
Kitale
Kibumba
Goma
Mugunga
Masisi
GM union approves local pact ending five day Indianapolis strike
Workers at GM's metal stamping plant voted 94 percent for a local contract ending a five day strike that halted pickup and SUV production. Over 1,000 of 2,750 UAW members supported the deal, with operations to resume as 24 hour shifts begin. The broader GM stoppage affected Fort Wayne Moraine Moraine jet.
MENTIONED IN THIS ARTICLE
Indianapolis
General Motors
Ron Gettlefinger
United Auto Workers Union
UAW
Pat Morrissey
Morrissey
Janesville
Wis
Fort Wayne
OKC bombing victims face trial choices and memories
Oklahoma City victims face separated trials for Timothy McVeigh and Terry Nichols with options to testify or watch as spectators. They must decide whether to travel to Denver for seats or join a public lottery for a TV broadcast, while prosecutors pick witnesses from a large pool. Judge Matsch emphasizes a fair trial, balancing victim healing with trial integrity.
MENTIONED IN THIS ARTICLE
Oklahoma City
Timothy McVeigh
Terry Nichols
Denver
Galina Lewillis Clas Liaqu
U.S
Richard Matsch
Cosby rides to salute retiring Cigar at National Horse Show
Bill Cosby attended the National Horse Show in New York to honor racing great Cigar, riding a patient horse named Jello Pud ding and finally dismounting after a tense moment. He quipped that the long ordeal felt like the longest moment of his life as he introduced his horse.
MENTIONED IN THIS ARTICLE
New York
Carnegie Hall
Madison Square Garden
Bill Cosby
Cosby
Cigar
Pavlov
Costanza
TV Guide
Stiller
New York City
Anne Meara
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Danas
Texas
Washington, D.C
Illinois
Turkey
ORDAN
U.S. E.1
Baghdad
Kaai
Kitale Kahindo
AIRE
Ree Ees
Burundi
Kamanyola
GM Union
Moraine
Ohio
Shreveport
Linden
OKC
McVeigh
Nichols
McVeigh and Nichols
Mr. Costanza
Los Angeles
Jerry Stiller
Frank Costanza
Kansas
Kansas Cash
Access
World Daily
Ljworld.com
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