First Union to Buy CoreStates Forms East Coast Banking Powerhouse
First Union Corp agrees to acquire CoreStates Financial Corp for 16.1 billion in stock creating a coast to coast bank group with 204 billion in assets and 2 600 branches serving 16 million people in 12 states making it the nations sixth largest bank with the largest East Coast retail deposit share.
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Philadelphia
U.S
First Union Corp
CoreStates Financial Corp
Florida
Connecticut
U.S. adds warplanes to Persian Gulf buildup
President Clinton ordered additional U S airpower for the Persian Gulf as six F-117 stealth fighters, six B-52 bombers and four refueling planes joined the regional deployment. Up to 30 more aircraft could follow if needed, while a diplomatic path also moves forward.
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Iraq
Clinton
U.S
Persian Gulf
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Kenneth Bacon
Anthony Zinni
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Yevgeny Primakov
Boris Yeltsin
Tariq Aziz
White House
Michael McCurry
O J Simpson guest stirs chaos on Fox talk show
Michael Moore invited O J Simpson as a surprise guest on a New York talk show pilot. Audience reactions turned hostile as Moore pressed about football and alleged double murder links, sparking walkouts and heated exchanges about gloves and offense versus defense.
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Knight-Ridder
Kansas City
Michael Moore
New York
Fox Network
Moore
O.J. Simpson
AMA seal of approval planned for doctors
The American Medical Association plans a public seal of approval for doctors who meet quality standards. Critics doubt how the group can judge its own members while AMA says the accreditation targets consumer worry over cost pressures. The plan would not expose detailed data to consumers. instead, it will sell collected information to health plans while accreditation remains open to any doctor for a fee.
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Washington
The
American Medical Association
AMA
George Lundberg
Journal of the
On off switches allowed for some automobile air bags
Federal regulators will permit on off switches for air bags for high risk drivers and passengers including parents car pooling and those seated near the wheel. Transportation Secretary Slater says most motorists should not disable airbags though the switch program targets safety minded high risk users and will provide informational brochures.
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Clinton
Transportation
Rodney Slater
Slater
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