Bell Atlantic sells health unitBell Atlantic Corp., the...

BUSINESS DIGEST

April 23, 1994

Bell Atlantic sells health unit

Bell Atlantic Corp., the Philadelphia-based regional telephone operating company, said yesterday that it has sold its Bell Atlantic Healthcare Systems unit as part of its effort to concentrate on its core telecommunications businesses, which include Bell Atlantic Maryland.

The buyer is HCS Holdings Inc., a company formed by Boston-based Information Partners Inc. with backing from Dun & Bradstreet Corp. Bell Atlantic acquired the health care unit, which integrates and installs computerized information systems for health care providers, in 1990. It will be renamed Oasis Healthcare Systems Inc.

Mediator to join trucking talks

The Teamsters union and the trucking industry's bargaining group yesterday agreed to a Clinton administration request to allow the government's top mediator to help resolve the 17-day-old nationwide freight strike.

The request was made in a letter from Labor Secretary Robert B. Reich and Transportation Secretary Federico F. Pena, who cited shipping delays and spot shortages of goods as a result of the strike that has left 20 trucking firms idle.

The letter urged the union and Trucking Management Inc. to allow federal mediator John Wells to help resolve the talks, which resumed early this week but have made little progress.

Bolstered peso lifts Mexican stocks

Mexican stocks recorded their biggest advance in more than three years yesterday after the Mexican central bank moved decisively to protect the weakening peso and quell speculation about a possible devaluation.

The 36-share IPC index closed up 133.99 points, or 6.46 percent, at 2,209.31. The surge brings the index's gains over the past two days to more than 250 points, but the IPC ended the volatile week only 10.67 points ahead.

Silver futures plunge 13 cents

Silver futures prices plunged to their lowest level in nearly three months yesterday on heavy selling by investment funds and a lack of buyers due to low inflation and rising interest rates.

Silver for April delivery tumbled 13 cents on New York's Commodity Exchange, to $5.097 a troy ounce, the lowest settlement for near-term deliveries since Jan. 28.

McDonnell Douglas thinks growth

McDonnell Douglas Corp. is looking at possible additions to its defense business, Chairman John McDonnell said yesterday. The nation's No. 1 defense contractor, based in St. Louis, will look at strengthening its main military aircraft business, as well as missile, helicopter and launch vehicle programs, he said. Mr. McDonnell also said the $2.17 billion that Northrop Corp. agreed to pay for Grumman Corp. last month was "too high."

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