Troubled times at Conseco Inc

Article Abstract:

Two top executives of Conseco Inc have resigned due to the poor performance of Green Tree Financial Corp, a subsidiary which was acquired in 1998. Conseco had earlier announced its intention to sell Green Tree, a provider of retail home equity mortgages, home improvement mortgages and consumer and floorplan loans of manufactured homes. Green Tree was acquired for $6 billion in stock but as of Dec 31, 1999, its shareholder equity was only about $2.2 billion.

Direct Life Insurance Carriers, Life Insurance

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Honda entering PWC market

Article Abstract:

American Honda Motor plans to enter the personal watercraft (PWC) market with its own line of four-stroke models. Company VP Ray Blank says Honda would be a strong advocate of the proper use of PWCs but concedes that the market has gone through a lot of ups and downs. All of its four-stroke models comply with emission standards set for 2006, which would use clean- running four-stroke technology. Honda plans to unveil the first model by the fall of 2001.

Boat Building, Pleasure Boats NEC, Boating industry, Pleasure boats

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Cash-strapped Datamarine remains confident; company officials say a new agreement will help them raise a badly needed $3.5 million

Article Abstract:

Datamarine International Inc.'s president and CEO, David Thompson, says his marine electronics manufacturing firm has a strong order backlog that will fuel a return to profitability with a cash infusion. It is the only manufacturer of 220 MHz land mobile radio equipment. In April the company reduced its workforce along with implementing other cost controls.

Receipt of funds, Navigational, Measuring, Electromedical, and Control Instruments Manufacturing, Measuring and Controlling Devices, Measuring & Control Instruments, Instrument industry (Equipment), Datamarine International Inc., DMAR

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