ROANOKE TIMES
Copyright (c) 1996, Roanoke Times
DATE: Tuesday, August 27, 1996 TAG: 9608270074
SECTION: BUSINESS PAGE: B-6 EDITION: METRO
Corning Inc. said Monday it will put its second U.S. optical fiber plant in Cabarrus County, N.C., about 17 miles east of Charlotte. The company's current U.S. fiber plant, in Wilmington, N.C., is the largest fiber-producing plant in the world. Construction is expected to begin in early 1997, with initial production scheduled for 1999.
Conseco Inc. said Monday it will buy American Travellers Corp., Capitol American Financial Corp. and the stock it doesn't already own in two other insurance companies for a total of $1.76 billion, making the Carmel, Ind.-based company the top U.S. provider of long-term health care coverage and the nation's second-largest seller of cancer policies behind Aflac Inc.
AccuStaff Inc. said Monday it has agreed to buy Career Horizons Inc. in a stock swap worth about $1 billion, creating the nation's fourth-largest temporary staffing company.
Morrison Knudsen Corp., the 84-year-old construction company that built Hoover Dam, has won court approval of its bankruptcy plan, giving the company a green light to swap its burdensome debt for equity and merge with rival Washington Construction Group. Washington Construction will buy Morrison Knudsen for about $380 million after the swap.
LENGTH: Short : 33 linesby CNB