Provident American to sell agent-based insurance business

Article Abstract:

Provident American Corp. will sell its agent-based insurance unit to Central Reserve Life Insurance Co. (Strongville, OH). Provident will concentrate on internet-based advertising of life insurance. As part of the deal, which still needs regulatory approval, Central Reserve will provide health-insurance products via Provident's web site HeahtlAxis.com. The two companies will share profits from the collaboration. Provident has also obtained advertising deals with America Online, Lycos, and Cnet. Recently, Provident has been experiencing losses.

Life Insurance, Direct Life Insurance Carriers, Advertising, Alliances, partnerships, New Electronic Marketing, Provident American Corp., Central Reserve Life Insurance Co., PAMC

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May buys David's Bridal stores

Article Abstract:

David's Bridal Inc. of Conshohoken , Pennsylvaniaed by May Department Stores Inc. for $436 million. May, which owns several regional department store chains including Filene's and Lord and Taylor is seeking to boost revenues through the gift registry list and household sales of David's Bridal's 110 stores. A graph of David's Bridal's stock prices in included in this article.

Department Stores, Women's accessory & specialty stores, Women's Specialty Stores, Clothing Accessories Stores, Statistical Data Included, May Department Stores Co., MA, David's Bridal Inc.

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Comcast selling 8% stake in Excite

Article Abstract:

Philadelphia, Penn.-based Comcast Corp. will sell its 8% stake in Redwood City, Calif.-based Excite Inc. for approximately $1.5 billion in AT and T Corp. stock. New York, NY-based AT and T is positioning Excite at the center of its expansion into the broadband services sector.

On-Line Information Services, Videotex & Teletext, Telegraph & other communications, Wired Telecommunications Carriers, Cable Television Systems, Cable Networks, Telephone Communications, Telephone communications, exc. radio, Cable and other pay TV services, Internet services, T, Cable television broadcasting industry, Cable television, Telephone services, Comcast Corp., CMCSA, AT and T Corp., Excite Inc., XCIT

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