Short Reports

Wed., April 28, 1999

From Staff

Toys R Us Inc. will turn its Web sales operation into a separate subsidiary called toysrus.com, build a large distribution center in Memphis, Tenn., and possibly sell stock for the unit.

Fatbrain.com Inc. said it has been selected to create an online bookstore for users of Microsoft Corp.’s newly launched Windows NT Server Web site.

Metro-Goldwyn-Mayer Inc. has named Alex Yemenidjian, 43, its new chairman and chief executive officer, replacing Frank Mancuso, who is stepping down after six years at the helm.

Consumer confidence, a key indicator of future economic activity, rose for the sixth straight month in April, the Conference Board reported.

Park Place Entertainment Corp. announced it plans to purchase Caesars resorts in Las Vegas, Atlantic City and Lake Tahoe from Starwood Hotels & Resorts Worldwide Inc. for $3 billion.

Sara Lee Corp. has hired a government food safety expert in an attempt to restore consumer confidence in its packaged goods after the company’s meat products were linked to several deaths late last year.

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Short Reports

Jesse Tinsley

Jim Meehan

Molly Quinn

Rob Curley

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