Court decision could trigger bank restructuring across states
The Supreme Court ruling on interstate banking allows regional banks to merge while keeping dominant New York institutions restricted to their home states. Analysts foresee a broad reshaping of the U.S. banking industry, with regional banks expanding through interstate mergers and New York banks losing market dominance.
MENTIONED IN THIS ARTICLE
New York
Supreme Court
Congress
H. Rodgin Cohen
Sullivan & Cromwell
Hans H. Anger
Bank of New York
Northeast Bancorporation
Connecticut
Northeast
Southeast
Mixed Stock Prices Amid Takeover Talk In NY Market
Wall Street closed mixed as takeover speculation dominated a lackluster session. Dow fell to 1313.84 while Nasdaq eased to 290.54. NYSE volume rose to 102.06 million shares. Grumman and Sperry rose on takeover chatter. RCA edged higher. North American Philips tumbled. IBM slid 15 percent ahead of an analyst meeting. Detroit Edison rose on a block trade. Gold and silver prices fell modestly.
MENTIONED IN THIS ARTICLE
Standard & Poor
NYSE
Big Board
Richard Torrenzano
Exchange
Grumman
Sperry
Ford Motor
Boeing
Hughes Aircraft
General Motors
RCA
Philips
International
Digital Equipment
Data General
Detroit Edison
Pay per view may rescue cable industry, insiders say
New York reports the cable TV industry under pressure from video cassette recorders and slow growth. Pay per view plans from Showtime The Movie Channel Playboy Channel and The Exchange promise new audience draws with $4 to $5 access fees for early releases and specials via satellite to local operators.
MENTIONED IN THIS ARTICLE
New York
Showtime
the Exchange
Time Inc
Que Spalding
Playboying Distribution Co
Scott Kurnit
Also Mentioned on This Page
N.Y. Times News Service
Kaisr al
Mgmgr
AllisCh
Alcoa
Ms McDerl
Acyan
Amrtch
Merck
AmMot
MMM
Mobil
AmStd
Mat&t
Amoco
AtRich
NII
Avnet
Niamp
BellAtl
BellSou
Oklage
BorgWa
Ms Curtw
PhilPei
duPont
EsKods
Texaco
Gensco
Gillette
Ussteel
Uswest
Greyh
Unocal
Unocl
M E William
WinDix
Sara Lee Corp
Amerada
Dminion Res
Ingersoll
Newmat Mng
Am Hm Prod
Duke Power
Inexco
Nik Sthn
Sony Amer el
Pwr
G&f
Intl Mnris
No Am Coal
Sthrn Co
Sou Royl
Amer Family
Eaton
Jim
Bakr Intl
Lear Petr
G&e
Taft
Inds
LTV Corp Pahndl Estra
Texas Instr
Foster Wh
Litton
Pat Ptrl
Transamerica
Bank of Va
Frort McMr
la Pacific
Beard Oil
Galaxy Oil
Whittaker
Hous Ind
Mtchl Enrgy
Robershaw Wilms Elec
First Fingermatrix Securities, Inc
Inter-Dealer
First Carolina Inc
Fortune Systems
Glaxo Holdings
Kincaid Furniture Inc
American Carriers
Ladd Furniture Inc
Mt Bank
American Furniture
Apple Computer
MCI Communication Atlantic Research
Pulaski Furniture
Bassett Furniture
Ragen
Benafuels Inc
S & K Famous Brands
Shoneys Inc
Bluefield Supply
Burke Parsons
Sovran Financial
Cadmus Communiiations
Coherent
Starr Surgical Dibrell Bros
Dow Jones
New York Stock Exchange
Kroger
the Kroger CO
Bluefield
Princeton
Bluewell
aMl
Babes
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