Duke raises Endesa bid, confronts Spanish rival

Article Abstract:

Duke Energy Corp. made an increased bid to acquire Empresa Nacional de Electricidad SA. Duke made a bid of $3 billion for Empresa, an electric firm based in Chile. Duke is engaged in a battle with Spanish-based Endesa SA for Empresa. Empresa is also known as Endesa. Empresa shareholders must decide by April 22, 1999 whether or not they want to tender their stock with Duke or with Endesa.

Asset sales & divestitures, Acquisitions & mergers, Electric Utilities, Electric Power Generation, Transmission and Distribution, Foreign operations, Chile, Spain, Planning, Abstract, Endesa S.A., Duke Energy Corp.

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GE's Welch, wife set terms for divorce agreement

Article Abstract:

General Electric Co.'s former chief executive and chairman, John F. Welch Jr., has reached a divorce settlement with his wife, Jane Beasley. The settlement avoids what could have been embarassing open court proceedings.

Executive changes & profiles, Legal/Government Regulation, Officials and employees, Electrical equipment and supplies industry, Company legal issue, Electric equipment industry, General Electric Co., GE, Chief executive officers, Divorce, Jr., John F. Welch

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Sotheby's must pay a $45 million fine after guilty plea

Article Abstract:

Sotheby's Holdings Inc. will pay a $45 million (48.1 million euros) fine after it pleaded guilty in a price-fixing case in the US. Sotheby's was charged with colluding on commissions.

Miscellaneous retail stores, not elsewhere classified, Art Dealers, Auctioneers, Art Dealers, Discipline, Sotheby's Holdings Inc., BID, Auction firms, Price fixing

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