Tokyo Stock Exchange boost lifts mood in Asia Europe
European and Asian markets closed higher as Mori weighed steps to aid the Tokyo market. The Nikkei rose 158.49 points to 13,506.23 while investors bought tech names like Sony and NEC amid yen weakness boosting overseas earnings. U.S. markets were closed for MLK Day.
MENTIONED IN THIS ARTICLE
Europe
Asia
Japan
Yoshiro Mori
Tokyo Stock Exchange
U.S
Martin Luther King Jr
Sony Corp
NEC Corp
Uninsured Hartford-Carlisle depositors receive partial repayment
Uninsured depositors at the failed Hartford-Carlisle Savings have received about 77 cents on the dollar. The bank's $14.2 million shortfall has seen about $11 million repaid, with $5.8 million in loans still outstanding from 1,400 loans valued at $108 million at closing. Regulators cite apparent fraud. no criminal charges filed.
MENTIONED IN THIS ARTICLE
Hartford-Carlisle
Federal Deposit Insurance Corp
FDIC
David Barr
Dirk Thierer
WorldCom approves $88 million emergency settlement
WorldCom Inc. will pay up to 88 million dollars to settle a class action over charging some customers higher long distance rates without consent. The cash deal covers more than 5 million MCI casual callers billed at non subscriber prices between 1996 and 2000 and refunds are expected for many. The company denies wrongdoing.
MENTIONED IN THIS ARTICLE
WorldCom Inc
WorldCom
MCI
Daniel Girard
Intel to Buy Xircom for About 748 Million
Intel Corp will acquire Xircom Inc a Thousand Oaks based maker of mobile networking gear for about 748 million dollars. The deal expected to close by end of March will make Xircom a wholly owned Intel subsidiary. Xircom employs about 1900 worldwide and posted 492 million dollars in revenue last year.
MENTIONED IN THIS ARTICLE
Intel Corp
Xircom Inc
Intel
Xircom
Thousand Oaks
Motorola to close U S cell phone plant and cut 2500 jobs
Motorola Inc. will shut its Harvard Illinois cell phone facility by June 30 andcut about 2 500 jobs representing nearly two percent of the 130 000 worldwide workforce. The move aims to boost sagging profits through supply chain and manufacturing consolidation and follows plans to outsource production.
MENTIONED IN THIS ARTICLE
Motorola Inc
U.S
Schaumburg
Ill
Motorola
Mount Pleasant
Celestica Inc
Gas price spikes worry convenience store industry
Cedar Rapids report notes Balkanized fuel supply risks as prices rose statewide to 1.80 per gallon in June with higher levels in Milwaukee and Chicago. Industry officials say refining capacity is at 100 percent and profits from gasoline are slim, with tobacco, candy and non carbonated drinks driving margins.
MENTIONED IN THIS ARTICLE
Hutter
U.S
Iowa
Ron Marr
C-store
Marr
Cedar Rapids
Moving billboards debut in Boston on taxi cabs
A Vert Inc. electronic billboard on a Boston taxi flashes stock quotes and Chinese ads with block by block color changes via satellite and wireless link. Vert targets New York expansion with Terra Lycos as first client while critics question read time on the move.
MENTIONED IN THIS ARTICLE
Vert Inc
Somerville
Mass
Boston
Financial District
Chinatown
New York City
Brad Harkavy
Vert
Terra Lycos
Lycos
Millstream Brewing gets new owners and plans growth
Three Millstream Brewing Co. employees acquire ownership from Dennis and Joanne Henderson effective January 1. Chris Priebe Aaron Taubman and Teresa Sly Albet become president vice president and secretary treasurer respectively. They plan to add a cream soda line and expand keg distribution.
MENTIONED IN THIS ARTICLE
Middle Amana
Clear Creek Amana
Sly-Albert
Millstream
Iowa
United States
Hendersons
Carroll Zuber
Dennis Roeniig
Jim Roeniig
Amana
Priebe
Millstream Brewing
Taubman
Sly Albert
Investors press to keep Hobson Mould Works in Shell Rock
Friday investors met with Hobson Mould Works Inc. employees and management in Shell Rock to explore purchasing the financially troubled firm. Hobson said 10 firms were serious, with some wanting to keep the plant in Shell Rock. others preferred relocation. Representatives from state and local groups attended, and a proposal to run operations through month end was discussed.
MENTIONED IN THIS ARTICLE
Shell Rock
Hobson Mould Works Inc
Hobson
Hobson Mould Works
Wall Street Journal
Frfay
Nestle to Acquire Ralston Purina for 10.1 Billion Dollars
Nestle SA reportedly agreed to pay 83.50 per Ralston Purina share in a 10.1 billion takeover, expanding its U S pet food footprint. The deal would face antitrust review and could alter leadership in dog and cat foods held by Ralston and Nestle.
MENTIONED IN THIS ARTICLE
New York
Ralston Purina Co
Nestle SA
Friskies
Alpo
Wall Street Journal
Nestle
Ralston
New York Stock Exchange
Ralston Purina
Jaine Mehring
Salomon Smith Barney
United States
The
Journal
Mehring
U.S
Procter & Gamble Co
Colgate- Palmolive Co
Mars Inc
Vevey
Switzerland
Carnation
Chesapeake to Sell Display and Packaging Unit to Focus on Core Business
Chesapeake Corp plans to dispose of Chesapeake Display and Packaging and three other units to sharpen focus on specialty packaging. The four divisions generated about 40 percent of nine month sales in 2000 but posted an operating loss of around 13 million. The move follows restatements prompted by accounting issues in the display-packaging unit.
MENTIONED IN THIS ARTICLE
Richmond, Va
Chesapeake Corp
Chesapeake
Marion
Consumer Promotions International
Chesapeake Packaging
Color Box LLC
Georgia Pacific Corp
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Wino
C-stores
By Dave DeWitte
Nior
National Association of Convenience Stores
U.S. Environmental Protection Agency
Lindsay Hutter Sane Fa
MO Tal
Kim Patrick
Hill Holliday Inc
Janice Johnson
Erik Anderson
Shell Rock Company
By Pat Huber
Gerald Hobson
Ken Boyd
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