Business briefs for May 5, 2004
Wednesday, May 5, 2004 | 11:14 a.m.
Motion for new trial denied
NEW YORK -- A federal judge today turned down Martha Stewart's motion for a second trial based on allegations that a juror lied about his arrest record on a questionnaire.
The decision by U.S. District Judge Miriam Goldman Cedarbaum came precisely two months after Stewart and broker Peter Bacanovic were convicted of lying to authorities about Stewart's sale of ImClone Systems stock.
Texas Pacific Group to buy Lake Mead Hospital owner
Texas Pacific Group, a buyout firm founded by David Bonderman, agreed today to buy Iasis Healthcare Corp., parent company of Lake Mead Hospital in North Las Vegas, for about $1.4 billion.
Iasis, based in Franklin, Tenn., operates 15 acute-care hospitals and has annual revenue of about $1.2 billion, Texas Pacific said today in a statement.
"Iasis is an exceptionally well-run hospital company that has experienced consistent, strong growth while delivering high-quality patient care," said Texas Pacific partner Jonathan Coslet in the statement.
PROVIDENCE, R.I.:
Scottish-owned Citizens Financial Group announced Tuesday that it would purchase Charter One Financial, a regional bank based in Cleveland with $41 billion in assets and branches in nine midwestern and northeastern states, for about $10.5 billion in cash. The transaction, which Citizens said would make it one of the 10 largest bank holding companies in the country, is part of a wave of consolidation in the banking industry.
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Blogs
Politics: Ralston's Flash
Superintendents want state to immediately seek Race to Top funds
Top Chef: Las Vegas
The great Jennifer debate (1 Comment)
The Kats Report
From Eva Longoria Parker to a cluster of execs, crowd takes a shine to Crystals (2 Comments)
Elsewhere
Harry Reid's recipe for getting health-care deal done (8 Comments)
UNLV in at No. 11 in SI's college hoops power rankings (3 Comments)
Top Chef: Las Vegas
Top Chef Episode 13: A few good chefs
Gray Matter
Fight weekend in Las Vegas and Thanksgiving (3 Comments)
Calendar »
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The Ultimate Fighter 10 Finale at the Pearl
The Pearl at the Palms | 4 p.m. to 10 p.m.
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Willie Nelson at Planet Hollywood Theatre for the Performing Arts
Planet Hollywood Resort and Casino | 9 p.m. to 11:59 p.m.
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Cash'd Out at Aliante Station
Aliante Station Casino and Hotel | 9 p.m. to 11:59 p.m.
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Brooks & Dunn at the Hilton
Las Vegas Hilton
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Ron White performs at the Mirage
Terry Fator Theatre
The Sun
Locally owned and independent for more than 50 years.
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