Se Money Se Money October 23 2000 Closing Prices
October 23 2000 closing prices quoted by Ron Campbell Investment Planning Raymond James Financial Services NASD SIPC member.
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Newspaper
Bluefield Daily Telegraph
Location
Bluefield, West Virginia, United States of America
Date
Oct 24, 2000
Page
6
October 23 2000 closing prices quoted by Ron Campbell Investment Planning Raymond James Financial Services NASD SIPC member.
Blue chip stocks finished higher while technology shares lagged in a subdued trading day on Wall Street. GE and Honeywell announced a $45 billion stock deal but market reaction was muted as investors paused after a recent rally. Dow gained, Nasdaq and S&P slipped marginally. GE fell to 49.98 and Honeywell rose to 49.75.
GE and Honeywell boards approve a 45 billion stock merger creating a vast industrial giant. The deal, slated to close in early 2001, would see GE exchange 1 055 shares for each Honeywell share, with Honeywell headquarters to be closed and about 550 Morristown jobs at risk.
AT&T board plans to consider dividing the company into four units focusing on business services, wireless, consumer long distance, and broadband TV Internet and phone over cable. If approved, announcements could come as early as Wednesday with options including no split or spin offs.
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