The barbarians reach Europe: America's best-known buyout firm is coming to Europe. About time, too, for European companies

Article Abstract:

US leveraged-buyout firm Kohlberg, Kravis, Roberts (KKR) is now buying European companies, starting with the UK. Though some believe KKR has little interest in a company's long-term viability, its objective is to strengthen firms to make them attractive to buyers, which some European firms need.

Investment Holding Companies, Foreign operations, International aspects, Leveraged buyouts, Kohlberg Kravis Roberts & Co.

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Beware the millennium: financial technology

Article Abstract:

Computers around the world are programmed to recognize only the final two calendar digits, making the year 2000 a hazardous statistical time for all, including financial institutions. BankBoston alone estimates that it will cost tens of millions of dollars to correct its computerized records.

Bank Holding Companies, Banking industry, Economic aspects, Year 2000 transition (Computers), Records and correspondence, FleetBoston N.A.

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