Sprint WorldCom merger faces DOJ approval doubts
Sprint chief William Esrey told stockholders the government may block the WorldCom deal citing competition risks in long distance. DOJ staff recommendations and European scrutiny add pressure as WorldCom or MCI resist selling the Internet unit to gain clearance.
MENTIONED IN THIS ARTICLE
Justice Department
William Esrey
Sprint
MCI
World
Belgium
WorldCom
European Commission
Esrey
Department of Justice
U S retail sales fall in May signaling cooling economy
U S retail sales dropped 0.3 percent in May to 266 billion dollars, the second straight decline and the first fall of the year. Economists see higher interest rates weighing on consumer spending as Fed officials weigh a potential rate move at the June policy meeting.
MENTIONED IN THIS ARTICLE
Washington
Commerce Department
Stuart Hoffman
PNC Financial Services Group
Federal Reserve
DaimlerChrysler and Hyundai Eye Daewoo Bid
DaimlerChrysler AG and Hyundai Motor Co are considering a joint bid for Daewoo Motor Co within two weeks. Handelsblatt reports tentative talks and optimism about a takeover. GM Ford and Fiat are also linked to Daewoo.
MENTIONED IN THIS ARTICLE
Stuttgart
Germany
DaimlerChrysler AG
Hyundai Motor Co
Daewoo Motor Co
Handelsblatt
Hyundai
DaimlerChrysler
General Motors Corp
Ford Motor Co
Fiat Spa
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Europe
United States
Cedar Rapids
U.S
Fed
Mamj Jasoni
Department of Commerce
Carmakers
Daewoo
the Gazette
Czech Lane
Czech Square
Tae Sun
Iso
Sponsor
John Pappajohn
University of Iowa
The
National Foundation For Teaching Entrepreneurship
University of Coe Ides
Eset
Merle Ae Leed
Spring SP
St. SW
Iowa City
Collins Rd
PEPSI
Westaff
EMP Realty
Mercy Vical Centei
East Iowa Ski Club
Vendor Financial Services
Alliant
Enford
Wells Fargo
Wellsfargo.com
LEGON
Cedar River Reaper Company
I Collins
Alliant Energy
ST. Luke's Hospital
Ralston Foods
General Mill
St. Pauls
R Us.cellular
Iuak
Civil Air Patrol
Global Crossing
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