INDICATORS INDEX RISES IN JUNE: The Conference Board said its Index of Leading Economic Indicators rose 0.3 percent in June to 107.7. That matched the May increase and brought gains in the indicator to eight out of the past nine months. Experts say the index, a key gauge of future activity, shows the economy is poised to keep growing.
HUMANA CEO RESIGNS: Gregory H. Wolf, president and chief executive of Humana Inc., has left the company. David A. Jones, chairman and a retired chief executive, will serve as interim CEO. In a release, Humana said Wolf was leaving "to pursue other interests." The Louisville, Ky., managed care company last week reported a 46 percent drop in second-quarter net income. Its share price has fallen more than 40 percent in 1999. Trading of Humana's stock was halted Tuesday afternoon at $10.25 per share, down 50 cents.
BELL ATLANTIC, VODAFONE SPLIT PRIMECO: Bell Atlantic Corp. has agreed to split up the assets of PrimeCo Personal Communications, the cellular phone company it owns with Vodafone AirTouch PLC. Bell Atlantic will keep its PrimeCo networks in the bay area, Miami, Jacksonville, New Orleans, and Richmond, Va. But before Bell Atlantic merges with GTE Corp., it will have to decide whether to keep PrimeCo or GTE's wireless system in the bay area. That merger is contingent in part on the phone companies selling competing wireless operations throughout the country.