THE VIRGINIAN-PILOT
Copyright (c) 1996, Landmark Communications, Inc.
DATE: Tuesday, June 25, 1996 TAG: 9606250357
SECTION: BUSINESS PAGE: D1 EDITION: FINAL
LENGTH: 66 lines
The governing boards of Children's Hospital of The King's Daughters and the hospital's parent company, Children's Health System, will merge July 1. The new, 15-member board will allow the system to streamline decision-making, increase doctor participation and improve efficiency, said A.C. ``Gus'' Miller, chairman of the health system's board. ``The times have changed with the advent of managed care. Things are moving much faster,'' Miller said. Getting programs and changes approved through two boards was cumbersome, he said. The new board includes six community representatives. It also will has three doctors, Miller said, compared to the one doctor who served on the health system's board before. (Staff) USA Waste to acquire Sanifill for $1.6 billion
USA Waste Services Inc., the third largest solid waste company in North America, said it will acquire landfill operator Sanifill Inc. for about $1.6 billion in stock and assumed debt. The acquisition will give USA Waste operations in 33 states, the District of Columbia, Canada, Mexico and Puerto Rico, including 108 collection operations and 83 landfills. The deal comes as competitor Republic Industries Inc., which is controlled by billionaire investor H. Wayne Huizenga, has been rapidly announcing takeovers in the waste-collection industry. Republic has announced acquisitions of nine waste companies in the past two months, worth nearly $650 million. (Associated Press) TCI to launch Fox news for stake in network
Tele-Communications Inc. has agreed to launch Fox Inc.'s 24-hour cable news channel in exchange for up to a 20 percent stake in the network, the companies said. The agreement between the nation's largest cable operator and Fox, which is owned by News Corp., means the news channel will reach 10 million homes served by TCI cable systems when it is launched. The deal is a significant boost for Fox because cable operators have a limited number of channels available on their systems, and media companies are rushing into the all-news cable business dominated by CNN. (AP) McDonnell Douglas to pay $500,000 to settle suit
McDonnell Douglas Corp. has agreed to pay a $500,000 civil penalty to settle a government lawsuit concerning the C-17 transport plane, both sides said. The Securities and Exchange Commission filed the suit Monday against the big defense contractor in U.S. District Court in Washington. The settlement was filed at the same time. According to the SEC suit, McDonnell Douglas ``reasonably should have known'' that it should have recognized a loss at the end of 1990 in its $6.6 billion contract for the C-17. The regulators alleged that preliminary estimates of the final cost ranged from $7.13 billion to $8.64 billion, above the $6.6 billion ceiling on the Air Force contract. (AP) Carnival passengers fall ill on cruise to Mexico
Carnival Corp. said 52 passengers and 16 crew members on its Jubilee cruise ship became ill with diarrhea early last week on a cruise from Los Angeles to Mexico. While one passenger died on the cruise, a company spokesman said the passenger was already ill when the cruise began. The ship departed Los Angeles on June 16 for a one-week cruise with 1,897 passengers. The cruise included stops at Puerto Vallarta, Mazatlan and Cabo San Lucas. The company believes the illness was caused by an airborne virus carried by a passenger. (Bloomberg Business News) by CNB